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AT&T CEO voices regret over iPhone unlimited data model

Friday, May 4th, 2012

It’s always refreshing to hear the head of a major corporation cop to past mistakes — particularly in front of a large crowd of on-lookers. AT&T CEO Randall Stephenson admitted some misgivings about the way the carrier handled iPhone data, telling a crowd at the Milken Institute’s Global Conference in Los Angeles, “My only regret was how we introduced pricing in the beginning, because how did we introduce pricing? Thirty dollars and you get all you can eat.” Stephenson drove the point home by adding, “Every additional megabyte you use in this network, I have to invest capital.”

And, for the record, that certainly wasn’t the only thing about the iPhone that kept the exec up at night. Stephenson again,

You lie awake at night worrying about what is that which will disrupt your business model,” he said. “Apple iMessage is a classic example. If you’re using iMessage, you’re not using one of our messaging services, right?

No one ahead said it was easy being the chief.

AT&T CEO voices regret over iPhone unlimited data model originally appeared on Engadget on Fri, 04 May 2012 17:20:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceThe New York Times  | Email this | Comments

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Barnes & Noble plans to bring NFC to the Nook

Thursday, May 3rd, 2012

Barnes & Noble to bring NFC to the Nook

Barnes & Noble’s Nook eReader business is expected to see continued growth and was recently spun off into a new subsidiary that Microsoft invested $300 million in. The company’s CEO William Lynch sat down with Fortune and spoke about the future of the Nook business, and the executive said NFC-equipped Nook eReaders will be released as early as this year. “We’re going to start embedding NFC chips into our Nooks,” the CEO said. “We can work with the publishers so they would ship a copy of each hardcover with an NFC chip embedded with all the editorial reviews they can get on BN.com. And if you had your Nook, you can walk up to any of our pictures, any our aisles, any of our bestseller lists, and just touch the book, and get information on that physical book on your Nook and have some frictionless purchase experience. That’s coming, and we could lead in that area.”

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Groupon CEO: We Need to Stop Taking Stupid Risks [Blockquote]

Thursday, April 26th, 2012

Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th

Sunday, April 15th, 2012

We knew Best Buy planned to close 50 of its big box retail locations by the end of its 2013 fiscal year, and now (just days after Mike Mikan took the CEO-reigns from Brian Dunn) it’s detailed all of the stores that’ll be getting the boot. As it stands, two locations have already been shut down, with six others set to close before the year is out — and the company hopes to clear out the remaining 42 before May 12th. Employees at most of the stores were informed of the news this weekend, and despite the impending closures, the company says it’ll try to re-position them within the company or offer up severance packages. Past that, Best Buy is also reaching out to the customers of these stores, noting that they’ll still have other nearby locations to choose from — try-before-you-buy online shoppers rejoice. There’s still no specific word about the 100 Best Buy Mobile stores it hopes to setup, but more information will be forthcoming later in the year. Hit up the press release after the break if you’d like to parse the full list of affected locations or find out more details about the planned closures.

Continue reading Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th

Best Buy details its 50 big box store shutdowns in the US, most will close by May 12th originally appeared on Engadget on Sun, 15 Apr 2012 05:28:00 EDT. Please see our terms for use of feeds.

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Veto of radical strategy shift led to former RIM CEO’s resignation

Friday, April 13th, 2012

Former Research In Motion co-chief executive Jim Balsillie sought a radical shift in strategy before he stepped down, Reuters reported on Friday. Citing two unnamed sources, the publication claims Balsillie wanted to allow wireless companies in North America and Europe to use RIM’s proprietary network for services on non-BlackBerry devices. The plan would help carriers entice customers to upgrade from feature phones to smartphones and allow them to offer inexpensive data plans that were limited to social media and instant messaging via the company’s BlackBerry Messenger service. Despite RIM’s network bringing in nearly $1 billion each quarter, the plan was vetoed, leading to Balsillie’s resignation soon after he stepped down as co-CEO. The Blackberry-maker will instead focus more on its next-generation BlackBerry 10-powered smartphones, and on regaining enterprise momentum.

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Sony to cut approximately 10,000 jobs

Tuesday, April 10th, 2012

Sony will reportedly cut 10,000 jobs, or roughly 6% of its global workforce, in an effort to bring the electronics giant back to profit, Nikkei reported on Monday. The majority of the layoffs will apparently come from consolidating the company’s chemicals and small and mid-size LCD operations, and are expected to be made over the next two years.  The report claims Sony’s new CEO Kazuo Hirai will announce his restructuring plan on April 12th, and the company may also ask seven executive directors, including Hirai and former CEO Howard Stringer, to give up their bonuses for the fiscal year that ended in March. Sony has denied the report.

[Via The Wall Street Journal]

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Reported Tegra 4 roadmap hints at LTE, Q1 2013 release

Saturday, April 7th, 2012
Reported Tegra 4 roadmap hints at LTE, Q1 2013 release

Time to put on our “skepticles” as we pore over some reportedly leaked Tegra 4 details. NVIDIA CEO Jen-Hsun Huang went on record saying that we could expect a new Tegra “every single year”, so if anything, the fourth iteration of the series is slightly overdue. Chinese site VR-Zone, however, thinks it’s got the inside skinny on how the next deployment might look. If its alleged roadmap leaks are to be believed, there will be four variants, three with a quad-core ARM Cortex A15 configuration, with clock speeds from 1.2 to 2.0GHz. What caught our eye a little more, though, was the “SP3X” flavor. Not because it favors the A9, but because it appears to bring LTE to the table right off the bat. That said, given that it’s not that long since NVIDIA announced the same for Tegra 3, we can’t help but wonder if something just got lost in translation.

[Thanks Rizwan]

Reported Tegra 4 roadmap hints at LTE, Q1 2013 release originally appeared on Engadget on Sat, 07 Apr 2012 13:17:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceVR-Zone (Chinese)  | Email this | Comments

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Major non-Google Android device coming this year, says Skyhook CEO

Thursday, April 5th, 2012

Skyhook Wireless CEO Ted Morgan claims that a “major” non-Google Android smartphone will be released at the end of this year. The handset will reportedly be based on the Android operating system, however it will not be controlled by Google — similar to Amazon’s Kindle Fire. “I’m spending a lot of time with companies forking Android,” Morgan said to Technology Review. “Nobody wants to just be a manufacturer for Google. You see that with what Amazon has done, where they made it their own, and you also see a whole host of manufacturers taking Android down their own path.” Read on for more.

Amazon’s Kindle Fire tablet runs a highly modified version of Android 2.3 Gingerbread. Because Android is open source, companies can take the Android code and use it however they please. Non-Google Android devices do not have access to the Mountain View-based company’s closed-source apps and Google Play marketplace, however, but thanks to Amazon’s Appstore for Android, non-Google devices finally have a decent alternative.

“[Google] really [does] restrict anything a device maker can do to stand out, for their own purposes,” Morgan argued. “It’s very unappealing to a device maker. They don’t want to be just a commodity hardware maker because they’ll all lose out to cheaper players in China. Everyone’s emboldened by the success of Amazon. Everyone’s saying ‘we need to go our own way.’”

While Morgan may have a personal vendetta against Google, reports have surfaced time after time claiming both Facebook and Amazon are looking to release their own smartphones.

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Wealthy smartphone users more likely to own an iPhone, study finds

Tuesday, April 3rd, 2012

Wealthy smartphone users are more likely to own an Apple iPhone and less likely to play games or post on Twitter than average users. According to research from The Luxury Institute, 62% of U.S. consumers earning at least $150,000 per year own a smartphone. 45% of people falling to that category own an iPhone, 35% use an Android-powered device and 25% have a BlackBerry. More than 80% of wealthy smartphone owners download mobile apps, with the most popular categories being weather (63%), news (51%), travel (42%), business/finance (39%) and sports (34%). Facebook, Angry Birds and Words With Friends are the most popular apps, however higher-income consumers use far less entertainment apps than the average smartphone user. “As you get older and have family and significant others, aging parents, and a lot more assets and investments, you’re going to need apps for far more relevant things than playing games and chatting with your peers,” The Luxury Institute CEO Milton Pedraza noted.

[Via Reuters]

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Wealthy smartphone users more likely to own an iPhone, study finds

Tuesday, April 3rd, 2012

Wealthy smartphone users are more likely to own an Apple iPhone and less likely to play games or post on Twitter than average users. According to research from The Luxury Institute, 62% of U.S. consumers earning at least $150,000 per year own a smartphone. 45% of people falling to that category own an iPhone, 35% use an Android-powered device and 25% have a BlackBerry. More than 80% of wealthy smartphone owners download mobile apps, with the most popular categories being weather (63%), news (51%), travel (42%), business/finance (39%) and sports (34%). Facebook, Angry Birds and Words With Friends are the most popular apps, however higher-income consumers use far less entertainment apps than the average smartphone user. “As you get older and have family and significant others, aging parents, and a lot more assets and investments, you’re going to need apps for far more relevant things than playing games and chatting with your peers,” The Luxury Institute CEO Milton Pedraza noted.

[Via Reuters]

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Visa drops Global Payments following theft of 1.5 million card numbers

Monday, April 2nd, 2012

Following a massive security breach, Visa has dropped Global Payments from its registry of providers that meet data security standards, The Associated Press reported on Monday. Global Payments CEO Paul Garcia said that the company will continue to process Visa transactions, however being dropped from the registry “could give our partners some pause that they’re doing business with someone who experienced a breach.” Garcia fully expects his company to be reinstated once it has been issued a new report of compliance, although he declined to specify when that might happen. The CEO maintains that the situation is “absolutely contained” and is being fully investigated. Global Payments confirmed on Sunday that hackers stole credit card numbers belonging to as many as 1.5 million MasterCard and Visa customers, however cardholder names, addresses and Social Security numbers were not compromised. The company plans to set up a website to assist consumers who might have been affected by the breach.

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Apple’s Tim Cook named most popular CEO of 2012

Friday, March 30th, 2012

Glassdoor on Friday revealed its latest list of the “Top 25 Highest Rated CEOs of 2012.” Apple’s Tim Cook took the top spot with a 97% approval rating, leading Ernst & Young’s Jim Turley, Qualcomm’s Paul Jacobs and Google’s Larry Page. “I think leadership is doing an amazing job,” said one Apple employee. “We have the best management team anywhere.” When Steve Jobs stepped down in August 2011, the late Apple co-founder garnered a cumulative approval rating of 97%, however Cook leads Jobs’s rating of 95% from March 2010 to March 2011. While it has been a tough year for Hewlett-Packard, the company’s new CEO Meg Whitman also made the list with an 80% approval rating, placing her in the  No. 24 spot. Glassdoor bases the list entirely on feedback from anonymous employees who were asked one question — do they approve of the way their CEO is leading the company?

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