June 29, 2010 |
Apple Inc. said Monday that it sold more than 1.7 million of its new iPhones in its first three days, shattering the previous record for sales of the popular smart phone. Sales of the iPhone 4 beat demand for last year's iPhone 3GS, which sold 1 million in the same time period. "This is the most successful product launch in Apple's history," Chief Executive Steve Jobs said in a statement. "Even so, we apologize to those customers who were turned away because we did not have enough supply."
June 25, 2010 |
Apple loyalists by the thousands waited in lines around the world for the company's new iPhone on Thursday, in what has become a boisterous tradition for the company's product launches. Observers across the nation reported sold-out stores, with lines twice or three times the length they were for previous iPhone launches. As the Apple store opened at the Grove in the Fairfax neighborhood of Los Angeles at 7 a.m. Thursday morning, Randy Cruz was the first in line to buy the new fourth-generation phone.
April 13, 2010 |
With a splashy, musical ad campaign aimed at young buyers, Microsoft Corp. on Monday sought to carve out a piece of the fast-moving smart phone market with a pair of new handsets. In unveiling its Kin One and Kin Two phones, which will be available through Verizon Wireless starting in May, the company focused largely on the social and musical features of its software. The Kin's promotional site featured young people -- many equipped with the new phones -- dancing to live rock music at a local club.
September 16, 2008 |
Ending its long search for a corporate parent, Napster Inc. said Monday that it had agreed to be acquired by electronics retailer Best Buy Co. for $121 million. The purchase price of $2.65 a share marked a nearly 100% premium over the Los Angeles-based digital music company's trading price, which has hovered around $1.30 in recent weeks. Napster has struggled to find a winning business model in the uncertain world of digital music, which Apple Inc. dominates with its iTunes store.
January 9, 2007 |
EBay Inc. may report lower-than-expected fourth-quarter earnings because of fewer listings, said Safa Rashtchy, an analyst at Piper Jaffray & Co. Excluding certain items, profit may be as much as 2 cents a share, less than the 28-cent average estimate of analysts, Rashtchy said. Shares of San Jose-based EBay fell $1.08 to $29.70.
April 12, 2006 |
Swiss banking company UBS said Tuesday that it had agreed to buy the U.S. private client branch network of Piper Jaffray Cos. for $500 million in cash, expanding its wealth management business in the Midwest and western United States. UBS said it would integrate Piper's network into its UBS Wealth Management division. Piper shares soared $5.90, or 11%, to $61.10. UBS shares slipped $1.67 to $110.50.