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
Coinbase, which provides online bitcoin accounts, said on Thursday that it secured $25m in a round of fundraising that was led by Andressen Horowitz, writes FastFT. Read more
BlackBerry bosses’ thumbs must be getting tired. The company’s acting CEO John Chen has banged out another open letter to “valued enterprise customers and partners”, sprinkled with acronyms and suggesting a return to the group’s “heritage and roots” in “enterprise grade, end-to-end mobile solutions”.
As Japan strives to remain at the technological forefront, why is it that its companies are so averse to the idea of merging? Too many make the same thing yet do not get around to pooling their resources. The FT’s Special Report on Japan’s technology and innovation investigates this phenomenon, while looking at some of the latest in Japanese design, writes Peter Chapman. Read more
Is there any privacy in the afterlife? In the FT this weekend, April Dembosky looks at what happens to personal data after death. Here, she adds a coda on how social media is recycled into memorials – regardless of the wishes of the deceased’s loved ones.
Of the various digital details Jennifer Kwong had to deal with after her fiancé’s death, the mass media’s trawling of social media sites was not one she expected. Read more
So this is it. Google’s revised offer to settle the European Commission probe into its search business has been described extensively in the press. But the actual text and screenshots of how new Google searches will look under the proposal were not published, much to the annoyance of the complainants asked for confidential feedback. One of the parties has decided to revolt and set the documents free. We’re publishing them here in full.
For the first time in eight years, almost the entire top management team at Samsung Electronics will present themselves on Wednesday before an audience of about 350 analysts and investors at Seoul’s Shilla Hotel.
The full-day event will feature addresses from eight executives, who will also take questions. Chairman Lee Kun-hee and his son, vice-chairman Jae-yong, will not be on stage – but this represents a rare opportunity for the audience to press senior figures about Samsung’s long-term strategy, writes Simon Mundy.
So what are the key questions surrounding the future of the world’s biggest technology company by sales? Read more
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.
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