SAN FRANCISCO, March 9 (Reuters) – Apple Inc will
begin selling its new watch on April 24, with the high end model
starting at $10,000, the company said, rolling out its first new
product in five years in a bid to extend its preeminence in
The Apple Watch sport will start at $349 for the smaller,
38-mm model. The standard version of the watch will start at
$549 and the high end “Edition” watch will be priced from
$10,000, Chief Executive Tim Cook said on Monday.
SAN FRANCISCO, March 9 (Reuters) – Apple Inc Chief
Executive Tim Cook began showing off features of the new Apple
Watch on Monday at a presentation in which he is expected to
give details of the launch of the product, the first created
under his leadership.
Shares of Apple were up about 1.4 percent at $128.41.
The watch will track exercise, remind wearers of events with
a tap on the wrist, and make calls through an electronically
tethered phone, since the watch has a built in speaker and
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Tim Cook on Monday is expected to announce details of the first product developed under his leadership, a watch that Apple hopes will transform the market of wearable technology.
The company provided a sneak preview of the “Apple Watch” in September, has shown it to fashionistas, and even bought a 12-page advertising spread in Vogue magazine, but fans and skeptics are eager for more details.
SAN FRANCISCO/BEIJING (Reuters) – Two years after U.S. legislators branded it a national security threat, China’s Huawei Technologies Co Ltd [HWT.UL] is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort.
China’s second-largest smartphone maker, already with more than $40 billion in annual revenue from a wide range of telecom gear and products, is preparing to introduce Americans to several of its smartphones and wearable devices this year, including its youth-oriented “Honor” phone, Huawei officials told Reuters.
SAN FRANCISCO, Feb 18 (Reuters) – Electric-car battery maker
A123 Systems has sued Apple Inc for poaching top
engineers to build a large-scale battery division, according to
a court filing that offered further evidence that the iPhone
maker may be developing a car.
Apple has been poaching engineers with deep expertise in car
systems, including from Tesla Inc, and talking with
industry experts and automakers with the ultimate aim of
learning how to make its own electric car, an auto industry
source said last week.
By Abhirup Roy and Edwin Chan
(Reuters) – Samsung Electronics Co Ltd has bought U.S. mobile wallet startup LoopPay, signalling its intention to launch a smartphone payments service to compete with a recent offering from rival Apple Inc.
Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay Inc’s PayPal have all launched services to allow users to pay in stores via smartphones.
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd said on Friday it was asked by the U.S. Securities and Exchange Commission for information about its dealings with a Chinese regulator, coming just five months after the company’s stock market debut.
The SEC’s request follows an unusually public fracas between Alibaba and China’s State Administration for Industry and Commerce, or SAIC, over the issue of fake products being sold on the company’s websites and a series of related lawsuits filed in the United States.
SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd’s underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce.
The Chinese e-commerce giant has acquired a rosy aura since its record-breaking IPO last spring, revealing growth rates and volumes that dwarfed industry stalwarts Amazon.com Inc and eBay Inc.
SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.
Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world’s largest Internet retailer is using the calling card of China’s consumers to attract U.S. partners, two sources close to the company told Reuters.
SAN FRANCISCO/BEIJING/SHANGHAI, Jan 16 (Reuters) – China’s
Alibaba Group Holding Ltd plans a major move to win
U.S. business this year, by offering American retailers new ways
to sell to China’s vast and growing middle class.
Anchored by Alipay, the dominant Chinese electronic payments
system that works closely with Alibaba and is controlled by its
executives, the world’s largest Internet retailer is using the
calling card of China’s consumers to attract U.S. partners, two
sources close to the company told Reuters.