Anticipation is building that Apple will unveil a new iPad within the next month with significant upgrades, including faster 4G wireless networking and a high-resolution Retina display.
A string of rumours and reports have helped to push Apple’s stock above the $500 mark for the first time – making each Apple share more expensive than the iPad itself. Read more
Tech news from around the web:
- Google is working on an overhaul of YouTube to take advantage of the WebTV explosion, the Wall Street Journal reports. The online company is also planning to spend as much as $100m to commission low-cost content designed exclusively for the web. Meanwhile, The Hollywood Reporter says that Google is planning to open an office in Beverly Hills.
Tech news from around the web:
- Verizon has released its first iPhone 4 commercial, thanking customers who waited for the iPhone finally to arrive at the carrier, TechCrunch reports.
- Google is to launch Offers, a site similar to Groupon and LivingSocial, that will provide daily discounts on local businesses, Mashable reports.
Perhaps the only surprising thing about Apple’s long-expected decision to end its US exclusivity with AT&T and bring the iPhone to Verizon Wireless is that it didn’t wait for the No. 1 network’s upgrade to much-faster 4G, which is still in process. The fact that it couldn’t wait shows how badly Apple wants to boost growth both for the gadgets themselves and more fundamentally for its slice of the mobile audience, where Google is pulling ahead. Read more
Federal Communications Commission chairman Julius Genachowski said on Wednesday that a controversial agreement on net neutrality principles between Google and Verizon this August hurt his efforts to forge a broader consensus.
“I would have preferred if they hadn’t done exactly what they did when they did,” Mr Genachowski said, adding that it “slowed down” his attempt to get web companies and carriers to agree to a policy outline that presumably would have given stronger protection to internet traffic.
The FCC chief’s remarks came during an onstage interview at the Web 2.0 Summit in San Francisco. Read more
A second credible Taiwanese publication has weighed in with a report that Apple will introduce a 7″-screen iPad mini for the winter holidays.
The Chinese-language account in Economic Daily News, summarised by IDG here, follows a similar DigiTimes article and names multiple suppliers said to have won contracts, though they declined to comment themselves. Read more
The contest among established Wall Street analysts to see who can make the most dramatic bull case for investing in Apple appears to be gathering steam. The newest entry came late yesterday from Katy Huberty of Morgan Stanley, who brings the advantage of having been right fairly often in the past.
Still, her forecast is an eye-popper: Apple had 30m iPhone subscribers at the end of last year, and she said it should have better than triple that number–exceeding the nice, round figure of 100m–by the end of 2011. Read more
Motorola is on a roll with its Android-based smartphone launches. Hot on the heels of its Mobile World Congress announcements the Motorola Devour went on sale at Best Buy a few days ago for the bargain basement price of $99.
The same sleek all aluminium-bodied handset, exclusive to Verizon Wireless in the US, will cost $149 with a new 2-year contract (after a $100 mail-in rebate) when it launches at Verizon’s high street stores later this month. Read more
Verizon is turning to machines as a source of new subscriber growth, in a joint venture with wireless chipmaker Qualcomm.
The great thing about machines is they won’t churn, said Steve Pazol, head of the new company at a press-conference launch today. He cited the example of a John Deere tractor sitting in a field having no interest in switching to a cheaper family plan with another carrier. Read more