Monthly Archives: October 2013

It is deja vue time for Sony investors as the Japanese electronics company revises down its income expectations again.

The profit warning is the latest in a slew of downgrades over the past few years – in 2011 Sony infamously downgraded its net income forecasts four times.

The red bars below are Sony’s net income forecasts for 2011 at various times, and the blue bar shows the actual net loss of Y456.7bn.

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The inventor of the 3D printed gun has trained his sights on Bitcoin, fronting a campaign to keep the virtual currency anonymous and beyond the reach of the authorities, writes Jane Wild.

Cody Wilson’s move hits back at efforts by the Bitcoin trade body, businesses and investors who have been working with officials mainly in the US to press for acceptance of virtual currencies and hasten their integration into mainstream financial systems. Read more

Tim Bradshaw

Facebook thoroughly beat expectations on the back of a rise in mobile user numbers as mobile advertising now contributes almost half of ad revenue. But the social network still failed to impress investors when it told them usage was declining among younger teens and warned the switch from adverts on the right rail to the newsfeed would slow in coming months. Facebook reported earnings of $0.25, far exceeding forecasts of around $0.19.

Here is how it happened: from the share price soaring in after hours trading to a new all-time high when traders saw the initial figures, to it falling back down rapidly during the earnings call. Tim Bradshaw and Hannah Kuchler brought you the live reaction and the all details from the call.  

Tim Bradshaw

Say you’re a fairly aggressive taxi app company with a reputation for hiking prices at peak times and raising hundreds of millions of dollars to crush your competitors. What’s the one thing with enough internet love to offset your karma? That’s right: kittens.

And so it came to pass that Uber, “everyone’s private driver”, for one day only delivered kittens and cupcakes. And the internet said it was good. Even for $20 for 15 minutes of “snuggles”. Read more

If there were any remaining doubts that Twitter wanted to contrast its initial public offering with that of Facebook’s, consider the way the messaging platform is running its investor roadshow.

Last May, Mark Zuckerberg donned his trademark “hoodie” and strode through the main entrance of the Sheraton Hotel, where the lobby was flooded with network reporters, cameraman and journalists. The media flurry surrounded not just the Facebook founder but also would-be investors.

But here on the 36th floor of the Midtown Manhattan Mandarin Oriental hotel in the lush Time Warner Center just off Central Park West, I am the only reporter in sight, writes Arash MassoudiRead more

The three-year Brussels probe into Google’s search business seems to be meandering towards a thundering anticlimax. With every legal twist, revised settlement offer and procedural shuffle, the case is losing the zip that made it a cause célèbre in the antitrust world. The opposing camps, meanwhile, appear ever more entrenched and polarised. Nobody is satisfied.

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Richard Waters

How much is Google prepared to spend as it searches for a breakthrough in the mobile handset business?

That question is prompted by the latest wacky-sounding ideas to come out of its Motorola division. Building-block smartphones? A vanity animation project to invent a whole new entertainment form for mobile? Read more

Richard Waters

Apple may have beaten Wall Street’s revenue and profit expectations with its latest quarterly earnings on Monday, but the market’s skittishness about the durability of its profit margins was much in evidence. Earnings guidance, on the face of it, seemed to point to steady margin erosion in the coming months. But Apple was able to silence the doubters – for this quarter, at least.

Read on for details of the earnings and our coverage of the earnings call as it happened.

 

Chris Nuttall

Livescribe has written a third chapter in the story of its development of a digital pen that also records audio, with the launch of the Bluetooth-enabled Livescribe 3 following the Wi-Fi Sky version and the original Echo device.

The fact that the company will continue to sell the Echo and Sky alongside the 3 suggests it has yet to come up with the perfect smartpen and that there are strengths and weaknesses to each version – something I discovered as a longtime user in trying out 3 and its new app. Read more

As Apple launches the iPad Air, rivals such as Samsung, Lenovo and Amazon are coming out with their own challengers. Even Nokia has joined the fray with its first tablet. With so much choice, there is increasingly a tablet for everyone.

Images of the U.S. variant of the Galaxy Note 10.1 for business life

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The guardians of the internet have finally unlatched a few gates: four, to be precise.

On Wednesday the Internet Corporation for Assigned Names and Numbers – otherwise known as Icann, the private body that oversees the sprawling architecture of the web – announced that it was opening up four new generic top-level domain names, writes Sally DaviesRead more

Hannah Kuchler

 

Pinterest – the online scrapbook which started to show adverts just this month – has been valued at whopping $3.8bn in its latest round of fundraising.

This more than 50 per cent rise in valuation in only eight months shows investors have faith the site is transforming from the home of Mid-Western wedding planners to a store front for big brand marketers. Read more

Analysts are looking at Christmas lists and wondering how many Apple products will feature on them – with the iPad Air and new versions of the iPad mini, MacBook Pro, and Mac Pro launched at an event in San Francisco on Tuesday. Read more

Tim Bradshaw

You can now comfortably hold the iPad with one hand.

What, you want more? That really is all you need to know. Read more

Tim Bradshaw

On a brisk, foggy Tuesdsay morning in San Francisco, Apple unveiled the iPad Air, a new tablet which is thinner and faster than the previous devices, in a bid to consolidate its grip on the high end of the tablet market.

In what it called the “lightest full-sized tablet in the world”, Apple said it had a “dramatically different experience” but the new tablet did not include the fingerprint reader that some had expected after it was introduced for the latest iPhone. The company also unveiled a new iPad mini and cut the cost of the original smaller tablet to $299, the cheapest price for an iPad ever.

Revealing a whole host of updates from mobile apps to its Mac OS update, it announced that it would now offer its software for free. Tim Cook, Apple’s chief executive, said the move was “turning the industry on its ear”.

Tim Bradshaw and Hannah Kuchler followed the launch for the FT’s Apple liveblog as Tim Cook took to the stage at the Yerba Buena Center for the Arts in downtown San Francisco.

 

It’s Tablet Tuesday, with Nokia announcing its entry into the market this morning, Microsoft releasing the Surface 2 and Apple expected to introduce new iPads at an event in San Francisco. Read more

Hannah Kuchler

By Hannah Kuchler in San Francisco and Arash Massoudi in New York

Any worries that Alibaba, China’s largest e-commerce company, would not be able to list its shares in the US appear to have been put to rest. The company, which is preparing for an initial public offering in the coming months, has received assurances from the New York Stock and Nasdaq that the partnership structure for its expected share offering will be permitted under the rules of both exchanges. According to media reports confirmed by a person familiar with the matter, Alibaba will now be able to go public with the structure that the Hong Kong Exchange refused to accept. NYSE, Nasdaq and Alibaba declined to comment. Read more

Second is usually not good enough for Larry Ellison, but Oracle is still celebrating a runner-up spot today. Read more

The PC may be in decline, but one part of the industry is feeling chipper. Read more

Chris Nuttall

Prepare to download. Microsoft has announced the launch of Windows 8.1 – a significant update to a much-criticised touch-friendly version of its operating system. Read more