It may not be the biggest Microsoft story around today, but it’s a big deal for Foursquare: Microsoft is investing $15m in the social-location app as part of a new four-year commercial partnership.
The $15m investment comes in addition to the $35m that Foursquare raised in December last year from DFJ Growth and Capital Group. The app lets users share their location with friends by “checking in” and then recommends new places based on where they’ve been in the past.
Although uptake hasn’t quite lived up to the hype when it launched in 2009, it has collected a lot of data since then: 5bn check-ins, 60m places and 40m tips, all crowdsourced from some 45m users. Read more
Arm’s share-price surge on the crest of a smartphone wave over the past five years has been impressive, but the UK chip designer is now suffering and in search of a fresh sea change in technology. Read more
Apple speculators, take a breath.
Executives from the iPhone maker, including its head of operations, met with officials from the US Food and Drug Administration last month, public records show, to discuss “medical applications”.
What could they possibly have been discussing? Read more
Have we been taking too many tablets?
It seems markets are reaching saturation point with growth in the category slowing to 28 per cent year-on-year in the fourth quarter – down from 87 per cent a year earlier. Read more
The rollout of Apple’s iPhone by China Mobile to 300 cities this year is going to be slower than many analysts expected – contributing to its outlook disappointing on Monday and its shares falling more than 7 per cent at the open today.
But new estimates for the rollout of 4G services promise rich pickings for Apple later in 2014 and beyond. Read more
Apple doesn’t do down-market.
We’ve always known this about the premium device maker, but its first quarter results hammered home how this is becoming a problem for the iPhone creator. Read more
Expectations are high that Apple can go back to its old forecast-busting ways when it reports earnings for its December quarter on Monday.
“Investors think that Q1 is going to be a blow-out and the Q2 guide is quite strong,” said analysts at Berenberg in a note after meetings with shareholders last week.
While the iPhone and iPad both look set to turn in double-digit percentage growth rates, falling prices and margins could minimise revenue and earnings growth.
Here’s what to expect after the markets close in New York: Read more