……is the cash cow for Chinese company Shanda Literature Ltd, a
subsidiary of Shanda Interactive Entertainment.
Lest anyone doubt the thrust of Rupert Murdoch’s speech on Thursday (or was it Friday? I’m losing track of time zones) at the World Media Summit in Beijing, it was all about paying for news — as in: You’re going to pay for news, and if you think it shouldn’t cost you anything, you’re a “flat-earther” and a “kleptomaniac.”
It beggars belief that humbled telecom equipment supplier Alcatel-Lucent could be scooped up by a Chinese rival with nothing better to do. Huawei or ZTE seem credible candidates. The question is, why would they ever bother?
from The Great Debate:
Setting aside some relatively impressive Mac sales, Apple’s iPhone was the true star of the company’s earnings drama on Tuesday–though the the device might be a little tough for some folks to to get their hands on in the near term.******Apple said it can’t meet current demand for the iPhone 3GS, which launched last month. The 3GS is available in 18 countries and is being rolled out this summer to another 80-plus countries.******Overall, the company sold 5.2 million iPhones in the June quarter, ahead of many analysts estimates. That total includes sales of the reduced-price $99 iPhone 3G.******Chief Operating Officer Tim Cook said “the iPhone 3GS is constrained in virtually every country we’re shipping it in. So the demand has been very robust.”******He later added: “I don’t want to predict today when supply and demand will balance. I know that it will not balance in the short-term. And I don’t want to give a prediction because as you can guess, it’s very difficult to gauge the demand without having the supply there to find out what it is… In terms of affecting the country roll out, I believe the vast majority of the countries that we are selling the 3G in will be selling a 3GS by the end of the fiscal quarter. So it may move the date by a few weeks here or there.”******Cook also delivered some interesting factoids on iPhone adoption by large corporations. He said close to 20 percent of the Fortune 100 have bought at least 10,000 units or more.******But Cook stuck to the company line on AT&T, the exclusive iPhone carrier in the U.S. (“I think it’s an excellent relationship and we’re very happy with it”), and provided no new details on when the iPhone might launch in China.
As the Chinese government worked to regain control of the streets on Wednesday following ethnic clashes in the northwestern region of Xinjiang, Facebook reported some problems with its service, even as Beijing moved to suppress anger and dissent that is simmering online.
“Even Reuters’ Ralph Jennings — of whom I’ve been extremely critical for getting the story very wrong when it comes to Taiwan — tells us that ‘half a million’ attended the protest,” a blogger wrote in October after seeing the Reuters’s write-up of an opposition-led demonstration in Taipei against President Ma Ying-jeou.
from Summit Notebook:
In China, Apple's iPhone commands a strange presence. Perenially "coming out", already widely available on the black market, viewed with trepidation by local telecom players but with undisguised lust by affluent consumers.