Apple refreshed its lineup of iMac computers with new Intel processors that it says are up to 70 percent faster and with USB-like ports that are up to 20 times as fast. Thunderbolt ports support displays and devices. The new iMacs also feature a new HD Web camera. Apple said the iMacs are on sale online and at its retail stores starting at $1,199.
RIM showed off a new version of its BlackBerry Bold phone with upgraded software, aiming to regain its stride after last week’s profit warning and other recent stumbles. RIM also said it will manage corporate and government communications sent using Apple’s iPhone and iPad, and devices running Google’s Android software, through its secure BlackBerry Enterprise Server.
There is a truism in business, and politics: it’s never the offense that gets you into trouble, it’s how you handle the aftermath. “Watergate” would not have become shorthand for corruption if the massive criminal cover up of political dirty tricks hadn’t unraveled. “Tylenol” might just have been a trivia answer had Johnson & Johnson not rebounded from the seven tragic deaths of people who took their tainted pain killers into a case study of pitch-perfect crisis management.
Microsoft reported a dip in quarterly sales of its core Windows operating system, mirroring a recent downturn in personal computers. The world’s largest software company met Wall Street profit estimates, as strong sales of its Office suite of applications and game systems took up the slack. “Microsoft to me is no longer a growth stock but it is a very attractive value stock. They continue to generate tremendous free cash flow. Their balance sheet is really unmatched,” Channing Smith of Capital Advisors said.
Apple denied it is tracking the movements of its iPhone customers, but said it will provide a software update that stores less location information on phones in response to public outcry over privacy issues. Apple plans to release a software update that would cut the size of the wireless hotspot location database stored on its iPhones, and stop backing up that information. The software will be released in the next few weeks, it said.
Online video and DVD rental service Netflix is breaking away from its traditional role as a licensor of movies and TV shows , negotiating with actor Kevin Spacey and director David Fincher for the exclusive rights to a two-season, 26-episode remake of British political drama “House of Cards”, a source said.
Sony Music Entertainment Rolf Schmidt-Holtz’s personal investment in Hamburg-based entertainment technology company TeVeo has sparked off speculation that his departure is imminent — which it almost certainly is, but not necessarily because of his investment.
Holy MMO, Batman! Sony Online Entertainment sure hopes DC Universe Online — the splashy new massively multiplayer online game that hit stores today – won’t share the fate of the caped crusaders’ legions of arch-villains over the past few decades.