It was earlier reported that the China had banned the use of some Apple Inc. (NASDAQ:AAPL) products in government agencies stating national security concerns. However, the Chinese government and Apple Inc. (NASDAQ:AAPL) both have refuted the reports. The procurement list that was being reported in the media was in fact a list of energy saving products, and Apple Inc. (NASDAQ:AAPL) had never been part of the list nor had applied for it, the Chinese Finance Ministry is reported to have confirmed. Given that China is a major market for Apple Inc. (NASDAQ:AAPL), Cory Johnson discussed on “Bloomberg West” about China’s role in Apple’s revenue figures. The…
Author: Shilpa Krishnan
Facebook Inc. (NASDAQ:FB) is now exploring another innovative potential revenue stream in targeted marketing. An interesting study published by Facebook Inc. (NASDAQ:FB) indicates how the social networking site is a lucrative platform for the wedding industry to market their services and products to a captive audience. The research was a combination of internal data, interviews with Facebook Inc. (NASDAQ:FB) users and in-depth research with a limited number of participants by a strategic research firm, Firefly Millward Brown, to understand the top priorities of engaged couples. Facebook used the findings to highlight intervention points that marketers can explore. The popular social…
Tesla Motors Inc. (NASDAQ: TSLA) was one of the attendees at Def Con, the annual hacker convention at Las Vegas, inviting hackers to identify security flaws in the software that controls their cars, the Wall Street Journal’s Digits blog reported. The electric car maker’s presence at the event testifies to the growing security concerns in the auto industry with regard to connected cars. These high-end, super cars that are loaded with networked devices, Bluetooth radios, Wi-Fi connectivity also make them vulnerable to potential attacks. Theoretically, a compromised account means the attacker can remotely control most of the car’s systems, like door…
International Business Machines Corp. (NYSE:IBM) has unveiled a new chip that the company claims can function like a brain. CNBC’s “Squawk Box” team discussed the news reported in the New York Times. International Business Machines Corp. (NYSE:IBM)’s new chip, True North, emulates the working of the brain through a thickly interconnected network of transistors that enable the chip to recognize patterns. “The processor may be able to recognize that a woman in a video is picking up a purse, or control a robot that is reaching into a pocket and pulling out a quarter,” Andrew Ross Sorkin quoted the newspaper…
Blackberry Ltd. (NASDAQ:BBRY) is certainly working out as a turnaround story under the leadership of its CEO, John Chen. The move by the CEO to focus on the core competencies of the brand rather than just smartphone sales has worked well, as the improved quarterly earnings also indicate. Blackberry Ltd. (NASDAQ:BBRY) adopted a new operating unit structure under John Chen, essentially Enterprise Services, Messaging, QNX Embedded businesses and the Devices business to focus on its strengths. Here is a quick look at how each unit has fared. The brand is a clear leader when it comes to enterprise services, with…
Android always had a larger installed user base, the majority of the smart phones run on Google Inc. (NASDAQ:GOOGL)’s operating system, but Apple Inc. (NASDAQ:AAPL)’s iOS led the game in data traffic. But not any longer, Android has outdone iOS, gaining a market share of 45% as against iOS’ 44%. The CNBC’s “Squawk Alley” team discussed the importance and implications of this for both companies. Jon Fortt feels that Android surpassing Apple Inc. (NASDAQ:AAPL)’s iOS in internet traffic is not a critical indicator. It not people just surfing the internet but rather it is people who are actually buying, either…
Harry Wilson, CEO, Maeva Group, spoke to the team of “Squawk Box” on CNBC about the General Motors Company (NYSE:GM) recall crisis and what he thinks about the economic recovery, high regulation and tax regime. Wilson feels Mary Barra, CEO of General Motors Company (NYSE:GM), has handled the recall crisis well, even though it all happened before her tenure. Wilson, who was part of the U.S. auto task force that helped restructure General Motors Company (NYSE:GM) in 2009 during its insolvency, said that no on one in the auto task force or senior management was aware at that time of…
Natalia Angulo reviewed on Fox Business’ ‘Tech Rewind’ the top tech stories of the week, including Twitter Inc. (NYSE:TWTR), Yelp Inc. (NYSE:YELP), LinkedIn Corp. (NYSE:LNKD)’s quarterly earnings beating market expectations, while GoPro Inc. (NASDAQ:GPRO) reported a weak quarter. In addition, Facebook Inc. (NASDAQ:FB) unfolded another phase of its ‘mobile first’ strategy. Twitter Inc. (NYSE:TWTR)’s stock rose 30% last Thursday as its second quarter earnings beat market estimates. The microblogging site also reported a 24% increase on the year, to 271 million monthly active users. However, the stock lost some of its momentum by the end of the week on a lower note. LinkedIn Corp. (NYSE:LNKD) also posted revenue growth of 47%, beating estimates. The…
Tesla Motors Inc. (NASDAQ:TSLA)’s stock surged as the company’s quarterly earnings beat market estimates and the company announced that it will start the construction of its $5 billion Gigafactory in a partnership with Japan-based Panasonic. On the other hand, LinkedIn Corp (NYSE:LNKD) reported a robust second quarter on strong growth in newer businesses like employee recruitment. Kara Swisher, Re/code Co-executive editor, provided CNBC’s ‘Squawk Alley’ team her opinion regarding these two companies. Swisher said that LinkedIn Corp (NYSE:LNKD) is moving into newer areas like sales. The core segment, that LinkedIn operates in, is recruitment and moving to the sales side of recruitment…
Tesla Motors Inc. (NASDAQ: TSLA) reported $0.11 in earnings per share in the second quarter beating the market estimates of $0.04 per share. S&P Capital IQ’s Efraim Levy and Unit Economics Founder and CEO, Nathan Weiss, discussed the electric car maker’s earnings and the outlook for the year with Cory Johnson on Bloomberg TV’s “Taking Stock.” Levy said that not only had Tesla Motors Inc. (NASDAQ: TSLA) outperformed S&P Capital IQ’s forecast of 7 cents earnings per share, but even the deliveries were a little above expectations. “They had good news. They announced the Gigafactory deal with Panasonic. I would…
FM trader Josh Brown feels that the increased user base and improved engagement score are key positives for Twitter Inc. (NYSE:TWTR), while Tim Seymour debates the value in Twitter Inc. (NYSE:TWTR) as a stock on CNBC. Josh Brown is bullish on Twitter Inc. (NYSE:TWTR) and feels that the stock needs to be evaluated on the basis of monthly average users and revenue per thousand timeline views, rather than the traditional revenue earned and stock valuation method. He added that Twitter Inc. (NYSE:TWTR) has been performing well on both these metrics with 255 million monthly active users in Q1 as against…
Richard Greenfield, BTIG media and technology analyst shared why Facebook Inc. (NASDAQ:FB) is a more attractive stock than Twitter Inc. (NYSE:TWTR) on CNBC’s “Squawk on the Street.” Greenfield said that even though the social media giant, Facebook Inc. (NASDAQ:FB) beat market estimates with its quarterly results, Twitter was different story and advised caution on the stock. According to him, Twitter Inc. (NYSE:TWTR) is certainly driving revenues, but it is facing challenges with expanding its user base. Social media has addressed aptly the limited reach of television advertising and the need for flexibility by advertisers and has provided them with a…