News from Apple is often big news. Apple released its second quarter results yesterday. Revenue was $7.51 billion, down 22% q-o-q and up 42% y-o-y driven by strong demand for Macs and the ever-popular iPhone. Net income was $1.05 billion, or $1.16 per diluted share, up 36% y-o-y. International sales, which were 44% of the
Legend has it that John Rubinstein, father of the iPod, left Apple last year because he and Steve Jobs could not agree on one fundamental usability element for the iPhone. Rubinstein wanted the iPhone to have a keyboard. Jobs didn’t. While the iPhone has broken many records in achieving better usability, the lack of a
By Gabe Zichermann, Guest Author By now, I’m sure you’re familiar with the story of Pong, Atari and the founding of the modern videogame business. In the time before the Atari 2600’s ubiquitous brown box and its legions of cartridge-crazy followers, computer scientists and nerds had long toiled to bring games to the emerging technology
By Richard Laermer, Guest Author The salon where I get my “hair cut” in Soho has been doing a terrific job for years. But they have branched out to the point of no return and now the owners got a whole line of products he’s hawking. Whatever. But now, when I call, instead of “push
Business Model Music sites primarily earn revenues from subscriptions, music downloads, advertisements and the different products sold through its sites. Most music sites are allowing downloads at approximately 99 cents per song and analysts say it is not enough to cover the costs. Currently most of the music sites are losing money. Napster (NAPS) and
As we approach the iPhone launch, more interesting data comes out to add flesh to our iPhone and the Future framework. WSJ reports: :: AT&T Inc. stands a good chance of stealing customers away from other wireless operators by carrying Apple Inc.’s highly-anticipated iPhone, two new consumer surveys show. Two-thirds of mobile-phone users who are
Elevation Partners is buying 25% of Palm for $325 Million, and John Rubinstein, the now famous Apple executive who brought the iPod to life, and ran Apple’s iPod division until recently, will join as Executive Chairman. The deal also brings Elevation founders Roger McNamee and Fred Anderson (former CFO of Apple) onto the Board of
Last night, we were at a HBS event honoring Charles Schwab for the magnificent turnaround that he has instituted since his return as the CEO of the company he had founded thirty years back. Today’s news proclaims the return of Michael Dell to the CEO spot at Dell, replacing Kevin Rollins. Interesting development, although, my