By Christian Zibreg on Mar 10, 2014
Apple is looking to boost its Mergers and Acquisitions (M&A) team by hiring acquisition integration analysts, giving us a vague indication that a more diligent strategy to snapping up other companies could be in the cards for the Cupertino firm.
The new job position was posted earlier today on Apple’s job listings website and reported on by Mark Gurman of 9to5Mac. A listing for Acquisition Integration Analyst reveals that Apple is looking for an M&A expert to assist in its acquisitions, by working with the company’s HR, Legal, IS&T, Real Estate, Operations, Finance and Tax departments… Read More
By Christian Zibreg on Mar 6, 2014
The popular Swedish music-streaming startup, Spotify, has just purchased The Echo Nest, a music intelligence company in the business of synthesizing billions of data points and transforming them “into musical understanding to power smarter music applications for our customers”.
And just who those customers might be? Well, the startup powers a myriad of music services, among them Spotify rivals like Rdio, iHeartRadio, Nokia MixRadio, Twitter Music and others so this is clearly a well played move on Spotify’s part.
While The Echo Nest will meet all contractual obligations to all customers, Spotify’s Graham James made it clear his company will scrutinize these relationships and “determine the next business steps”… Read More
By Christian Zibreg on Mar 4, 2014
Apple has just announced via a media release that its longtime finance chief Peter Oppenheimer will be retiring at the end of September, ending a roughly 18-year career at the technology giant. The company called it a planned transition so he could take time for himself and his family.
In naming his successor, Apple said Luca Maestri, 50, will gradually take over as CFO in June to allow for a smooth transition. As per the release, during Oppenheimer’s CFO time, Apple’s revenue “grew from $8 to $171 billion”.
It’s interesting that Maestri left Nokia in February 2011, the same month the struggling Finnish cellphone giant announced they were adopting Microsoft’s Windows Phone. He joined Apple in March of last year.. Read More
By Christian Zibreg on Mar 3, 2014
Unlike the specs-obsessed technology industry which has always been dependent on frequent product refreshes, Apple continues to traditionally update its iPhone annually. Now, some industry peers – such as Sony – warned that the company may be “missing out” by not updating the iPhone twice per year.
Playing on this sentiment, The Wall Street Journal is reporting that Apple is now adding “hundreds of new engineers” and supply-chain managers in China and Taiwan. The company is hiring away these people from various tech firms, including rival HTC, reportedly in order to speed up product development and launch a wider range of devices… Read More
By Christian Zibreg on Mar 3, 2014
Peter Oppenheimer, Apple’s Senior Vice President and Chief Financial Officer, has joined the Board of Directors of investment banking firm Goldman Sachs. The appointment brings the Goldman Sachs board to thirteen directors, ten of whom are independent.
According to a newly published webpage over at Goldman Sachs, Oppenheimer will be a member of each of the firm’s Audit, Risk, Compensation and Corporate Governance, Nominating and Public Responsibilities committees.
“Peter’s 25 years of broad experience across important industries will add a valuable perspective to our Board of Directors,” said Lloyd C. Blankfein, Chairman and CEO in a prepared statement. “We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and counsel”… Read More
By Christian Zibreg on Feb 21, 2014
Verizon last September announced that it has reached an agreement with Vodafone to buyout its 45 percent stake in Verizon Wireless in one of the largest corporate acquisitions in history.
In December, the Big Red carrier won necessary approvals from the Federal Communications Commission and today the company announced that the acquisition has been completed - Verizon now owns 100 percent of the “industry-leading U.S. wireless carrier”… Read More
By Christian Zibreg on Feb 19, 2014
Apple’s upcoming new headquarters, Campus 2 aka iSpaceship, has cleared the last remaining hurdle after the Cupertino City Council unanimously approved the project in November 2013. Apple has since started demolishing the site.
Ron Cervi, news and traffic reporter for KCBS, has posted a nice-looking aerial photograph of the site on his Instagram profile, showing significant demolition progress being made… Read More
By Christian Zibreg on Feb 19, 2014
NetworkWorld is reporting that Brett Bilbrey, head of Apple’s Technology Advancement Group, has retired after spending nearly twelve years with the company.
During his tenure at Apple, Bilbrey has contributed to a number of projects and was a prolific inventor whose name can be found on a number of patent filings detailing such inventions as a wireless charging system or a 3D imaging camera for iOS devices.
He is also credited with a recent filing for a dynamic, reconfigurable and touch-sensitive keyboard. Most recently, as of August 2008, Bilbrey was heading up Apple’s Technology Advancement Group. But what exactly does the group do? Read on… Read More
By Christian Zibreg on Feb 17, 2014
After being promoted to Apple’s Senior Vice President of all Design, London-born industrial designer Jony Ive’s prominence both internally and externally has raised tremendously as a result. Ive’s become arguably the most important Apple exec as he now gets to control and oversee key aspects of the company’s product development efforts.
According to Walter Isaacson’s bio book on Steve Jobs, the Apple co-founder ensured there was no one at the company to boss Jony around. Small wonder then that the blogosphere went into overdrive as Ive’s bio photo disappeared from Apple’s corporate Leadership web page earlier this morning, albeit only briefly.
The page wouldn’t show Ive among the high-ranked Apple executives, such as CEO Tim Cook and SVP of Worldwide Marketing, Phil Schiller. Making matter even more peculiar, the URL never stopped working and would continue to take visitors to Ive’s bio page.
Shortly after Ive’s photo was back up again, an Apple spokesperson said in a written statement that the brief removal was the work of a technical glitch and cautioned bloggers not to read too much into it… Read More
By Christian Zibreg on Feb 13, 2014
Apple’s hiring spree of biosensor experts continues with the latest revelation pointing to another high-profile executive hire.
According to the newest scoop by NetworkWorld, the former chief technology officer of non-invasive patient monitoring company Cercacor, Marcelo Lamego, has joined Apple’s iWatch team.
Apple has been hiring some of the world’s top experts in sleep research, medical devices and biosensing, fueling speculation that its rumored wearable device will focus on health and fitness tracking… Read More
By Christian Zibreg on Feb 11, 2014
Apple has lost one of its key iPad and Mac executives, Rita Lane, who has retired from the company, according to her public LinkedIn profile highlighted by Mark Gurman of 9to5Mac. Her role at Apple as Vice President of Operations was a significant one.
As such, she was instrumental in helping manage Apple’s supply chain and manufacturing for iPads, Macs and Mac accessories. Lane worked under the supervision of Apple’s Senior Vice President of Operations, Jeff Williams, who took over from the previous op-chief Tim Cook, now the Apple CEO… Read More
By Christian Zibreg on Feb 10, 2014
Controversial activist investor Carl Icahn continues to aggressively purchase shares of Apple while insisting that the company increase the size of its share buyback program. His proposal for a $50 billion buyback has been met with resistance by proxy advisory firm Institutional Shareholder Services (ISS) which now recommends voting against the plan.
ISS argues that the Apple board has already returned the bulk of its U.S.-generated cash to shareholders through the company’s aggressive stock buybacks and dividends payouts. As a result of large institutional investors siding with Apple, Icahn has withdrawn his proposal… Read More
By Christian Zibreg on Feb 4, 2014
In another round of high-profile corporate hires, Apple has apparently poached a sleep research expert from the Dutch technology company Philips.
Specifically, Roy J.E.M Raymann used to lead sleep research at Philips Research, the company’s research and development arm. Not anymore: it’s now assumed he joined Apple’s iWatch team.
According to a new report, this particular guy is experienced in wearables, sensors and non-pharmacological methods of improving sleep quality, an indication that Apple’s rumored wearable project will be much, much more than a smartwatch… Read More
By Christian Zibreg on Feb 4, 2014
The search for a new Microsoft CEO following Steve Ballmer’s August 2013 announcement of his retirement is finally over as the Windows maker on Tuesday announced major executive changes at the top. Insider Satya Nadella has become the new Microsoft boss and a board member.
He previously held the position of Executive Vice President of Microsoft’s Cloud and Enterprise group and is the third Microsoft CEO since the company’s inception. Also important, Bill Gates will be stepping down as Chairman but will retain a board seat serving as an adviser. Lead independent director John Thompson would succeed Gates as Chairman, the software giant said… Read More
By Christian Zibreg on Feb 3, 2014
OK, Apple didn’t exactly return to Super Bowl with a 30th Mac anniversary ad like advertising legend Lee Clow a week ago hinted it would, but that doesn’t mean the company is letting the Super Bowl ad blitz mute its message.
Not only did Apple celebrate the occasion by letting ABC News and MacWorld interview CEO Tim Cook, it also posted an interactive Mac timeline on Apple.com and a new ‘Happy Birthday, Mac’ section on the Mac App Store, dressed up retail stores’ window displays in Mac-themed graphics and hung commemorative posters up on the walls of its Cupertino HQ.
The company even hid a custom font on its servers featuring gorgeous Mac model icons. And now, Apple has posted a new video on its homepage dedicated to the 30 years of Mac innovation. The 125-second clip was shot entirely on iPhones and edited on Macs, have a look at it right below the fold and meet us in comments… Read More
By Christian Zibreg on Jan 31, 2014
Apple CEO Tim Cook flew to Ireland today to meet with the country’s government officials and tour the company’s corporate office. Although the meeting agenda was shrouded in secrecy, media reported Cook and the head of government discussed tax loopholes and a change in the Irish laws that should prevent firms like Apple and Google to avoid declaring tax residency in either the U.S. or Ireland.
A loophole in Ireland’s corporate tax laws has enabled many of the world’s top corporations to operate as virtually stateless firms, ungoverned by any nation’s taxing authority… Read More
By Christian Zibreg on Jan 30, 2014
Yahoo’s shopping spree continues as the company announced Thursday its newest acqui-hire: San Francisco based Incredible Labs, the team behind a rather compelling virtual assistant app named Donna.
Incredible launched Donna on iOS last summer. Named after Donna Moss, the popular assistant from the TV show The West Wing, the software is basically a cross between Google Now and Siri.
The application strives to manage your day with features like smart notifications, an anticipatory calendar and in-app directions, to mention but a few. Donna would proactively tell you about upcoming appointments, dial into conference calls for you, let others know when to expect you by analyzing traffic conditions and your frequent locations – even taking into account the little things like the current parking situation.
In November, Donna got updated with Lock screen calling, smarter meeting scheduling and other features. Nothing indicated at the time that Incredible would slow the pace of Donna development, let alone sell out to Yahoo.
Unfortunately, there is some bad news for Donna fans out there: the Internet giant will be shutting down the application following the acquisition… Read More
By Christian Zibreg on Jan 29, 2014
Apple, along with other Silicon Valley titans such as Microsoft and carriers like Verizon and Sprint, is going to work with the United States government to help connect schools on America with high-speed broadband Internet. The Obama administration wants to connect as much as 99 percent of schools to high-speed Internet over the next four years and companies like Apple should help advance that effort… Read More
By Christian Zibreg on Jan 29, 2014
The nation’s second-largest wireless carrier, AT&T, yesterday reported its Christmas quarter earnings revealing steady growth, despite T-Mobile’s taunts and its Un-carrier initiative. Although AT&T (and Verizon) stopped divulging iPhone activations, the carrier confirmed selling 7.9 million smartphones in the quarter, a decline from the 10.2 million smartphones it activated a year ago.
They added a cool 1.2 million new subscribers and upgrades by old subscribers. Of that number, 809,000 connections were new subscribers and 566,000 were postpaid wireless customers with a contract. Go past the fold for the full breakdown… Read More
By Christian Zibreg on Jan 28, 2014
A report yesterday by The New York Times and other news organizations has provided yet another unsettling glimpse into the NSA’s wide-ranging surveillance practices.
The speculation, based on information from documents provided by the NSA leaker Edward Snowden, suggests that the NSA and its British counterpart GCHQ have been collecting private user data from mobile apps, in real time, as it travels across the Internet.
Profile data being collected from popular games such as Rovio’s Angry Birds typically includes age, location and gender, the allegations go. And with games that show ads, the agencies are also able to intercept users’ surprisingly detailed advertising profiles, mining it for new information… Read More