Just for a change, Apple investors are jumpy. After ticking about 1 per cent lower throughout Tuesday morning, Apple stock suddenly leapt in high-volume trading just after lunch to close up 1.4 per cent for the day.
The reason for this latest share-price volatility seems to be a fresh bout of speculation circulating on Twitter about what Apple might announce at Wednesday’s annual shareholder meeting. Read more
Berlin has scored a victory over London in the battle to be the main hub for Europe’s start-up companies after Seedcamp split its flagship event of Europe’s largest support programme for fledgling tech businesses between the two cities.
The incubator programme, which began life with a week-long event at London’s Imperial College in September 2007, will now hold four such gatherings in the UK and German capitals. Read more
Apple lost its crown as the world’s most valuable company this week after its quarterly profits disappointed Wall Street. However, worries of slow growth didn’t discourage some tech observers from rooting for Silicon Valley’s star tech power to bounce back.
Farhad Manjoo at Slate called suggestions that Apple was somehow losing its allure with consumers “totally bogus”. The only thing that held it back, he added, was an inability to keep up with customer demand: “Limited supply, unlike limited demand, is something Apple can fix. In the grand scheme of things, it’s not such a terrible problem.” Read more
Motion-sensing advances in computing will be a major feature of next week’s Consumer Electronics Show in Las Vegas with companies including eyeSight, InvenSense, PointGrab and PrimeSense showing their technologies and Intel emphasising the “perceptual computing” of voice and gesture commands at its press conference.
But Leap Motion, which will be demonstrating its motion controller’s capabilities at the show, claims its technology is over a hundred times better than the competition and today it is announcing a a $30m funding round and a deal with Asus. Read more
The so-called PayPal mafia is a force to be reckoned with in Silicon Valley: Max Levchin joining the Yahoo board is just the latest example of a network that spans Facebook, YouTube, Yammer, LinkedIn, Square and – with Elon Musk’s SpaceX – the edge of the earth’s atmosphere.
In the British start-up world, the closest analogy is Lovefilm. The DVDs-by-post turned video-on-demand service was acquired by Amazon in January 2011, but even before that, had started the careers of many London tech-scene notables.
Now, Adam Valkin – a co-founder and sometime chief executive of Lovefilm, who went on to join TV producer Endemol and, three years ago, Accel Partners’ London office – is helping to take the Lovefilm mafia abroad. Read more