There will be a new face in charge of Apple’s balance sheet.
Luca Maestri, currently a corporate controller at the iPhone maker, will be Apple’s next chief financial officer. He succeeds Peter Oppenheimer, who is retiring. Read more
In the battle between old and new media, Time Warner’s premium cable channel HBO still rakes in more money and global subscribers but television streaming service Netflix is quickly gaining ground, writes Emily Steel.
A British tech entrepreneur has had his vision backed by a further $20.7m of US money, writes Andrew Bounds. Dan Wagner’s Powa group is developing a “revolutionary” ecommerce system that will allow customers to buy and order a product by photographing it with a smartphone.
PowaTag has attracted $96.5m in total, mainly from Boston-based fund Wellington Management, for around a quarter of the business. Read more
Are we seeing the emergence of a grand alliance between Google and Samsung for Android mobile devices, similar to the Microsoft-Intel alliance for Windows personal computers? It looks like that from events this week:
On Thursday Eric Schmidt gave a fascinating talk on technological innovation, in which he warned that broad range of jobs that once seemed beyond the reach of automation are in danger of being wiped out by technological advances.
I raised two questions to neither of which in my view did I receive a good answer.
First, we see IT everywhere, except in the productivity statistics. It is really quite hard to reconcile the idea of a dramatic technology revolution with stagnant or near-stagnant productivity in high-income countries.
What is going on? Is most of the revolution in household production? Or is GDP even more mis-measured than usual?
It sounds improbable. Dogged by closed borders with Turkey and Azerbaijan, a narrow export base, pervasive monopolies and an over-reliance on remittances from abroad, Armenia’s economic future poses plenty of questions. Could one answer come in the shape of a tablet?
In December, Technology and Science Dynamics Inc/ArmtabTechnologies Company, an American-Armenian joint-venture, announced the first tablet and smartphone made-in-Armenia. Both Android-run, the ArmTab and the ArmPhone were designed in Yerevan and will be assembled in Hong Kong and the US. The producer said the devices, available for wholesale in a few weeks and to retailers in late 2014, were aimed mainly at the regional markets.
Few technology companies are hotter than Snapchat, the photo sharing app founded just under three years ago that turned down a $3bn bid from Facebook. An article about the company in Forbes calls it “the greatest existential threat yet to the Facebook juggernaut”, highlighting that “droves” of teens (the median age of a Snapchat user is 18) are turning to the social network founded almost three years ago that allows users to send videos, pictures, text or drawings that disappear after a set period of time.
There was little evidence in the products at this week’s Consumer Electronics Show in Las Vegas that the PC industry is finding its way out of its funk, although latest figures on industry sales released overnight show the PC’s decline could be bottoming out.
Alan Mulally has a reputation for being decisive, so his declaration that he has “no plans to do anything other than serve Ford” – crushing speculation that he could leave to run Microsoft – should probably be taken at face value.
But Ford’s chief executive has wavered over big jobs before – notably when the carmaker was trying to lure him to Dearborn from Boeing in 2006.
Here’s a much-anticipated feature from Facebook that marketers may love, if not its users.
The online social network has just announced it is beginning to test a video format for advertisers, where videos will begin playing as users scroll down to them in their news feeds. Clicking on them will turn on the sound. Read more
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