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Showing posts with label October 07. Show all posts
Showing posts with label October 07. Show all posts
Apple's iPhone continues grow in popularity with U.S. teenagers, according to Piper Jaffray analyst Gene Munster's latest semiannual teen survey, which asked approximately 7,200 teens with an average age of 16 years about their device usage habits and future buying plans.



67 percent of surveyed teens owned an iPhone, compared to 61 percent in the Spring survey, and 73 percent of teens expect their next phone to be an iPhone. Much of Apple's gains in ownership came from Android, which lost five percentage points over the last several months. iPhone usage among teens may jump significantly in the next few months, as the survey was conducted just before the introduction of the larger-screened iPhone 6 and 6 Plus.



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While iPad ownership remained high at 66 percent, there was no growth compared to the Spring survey. Android tablets also saw ownership numbers drop, and of customers planning to buy a tablet in the next six months, 60 percent plan to choose an iPad Air or iPad mini.



As for the upcoming Apple Watch, interest among teenagers remains relatively low. Only 16 percent of teens said they would be interested in purchasing an Apple Watch for $350, down slightly from the Spring survey where 17 percent expressed interest. Munster's survey was, however, conducted before the Apple Watch was announced, so interest numbers may shift in the next Spring survey.



Younger customers have always been important to Apple as it gives the company a chance to create lifelong customers. Apple's recent acquisition of Beats Electronics, for example, may have partially taken place as an effort to remain relevant among teenage users. In a survey of 10,000 students, a quarter believed the deal would make Apple more "cool," while 50 percent believed the acquisition would increase Apple's popularity among students.


















gt_sapphire_furnaceApple withheld a final $139 million payment that it was due to make to GT Advanced, reports The Wall Street Journal , which may have contributed to the company's decision to file for Chapter 11 bankruptcy. GT also reportedly burned through cash, spending $248 million in one quarter.
That may have led to the company's filing, since its cash, at $85 million, was below a $125 million trigger point that would allow Apple to demand repayment of about $440 million in loans it had advanced. Apple had agreed to lend GT a total of $578 million to help get a large sapphire factory in Arizona up and running. The tech giant reportedly withheld the last $139 million payment it was due to make, although it isn't clear why.



What is obvious is that GT effectively bet the house on a new technology with a new business model and made itself dependent on a single customer--Apple.

Though it is not known why Apple withheld the final $139 million payment, Apple's $578 million loan to GT Advanced was subjected to certain capacity requirements that the sapphire company may not have been able to meet. According to GT Advanced's own filings, it may have had issues with poor sapphire yield rates.



Apple and GT Advanced first struck a deal in late 2013, and along with a $578 million loan for purchasing equipment, Apple also constructed a 700-employee manufacturing facility in Mesa, Arizona, which is run by GT Advanced.



While Apple was widely expected to include sapphire display covers from GT Advanced on some iPhone 6 models, that did not end up happening. Despite purchasing a facility for GT and lending it money to buy equipment, Apple was under no obligation to purchase GT's sapphire. GT was, however, subjected to "exclusivity provisions" that limited what it could sell to other companies.



Though GT Advanced has filed for Chapter 11 bankruptcy, GT Advanced's CEO promised the company would continue operations as it went though a transitional phase to reorganize its business.



GT Advanced will have its first Chapter 11 bankruptcy court hearing on Thursday, October 9 in New Hampshire, where it is expected to explain what caused its bankruptcy filing.



(Image: GT sapphire furnace)


















Apple today released a second golden master candidate of OS X Yosemite to developers, a week after releasing the first candidate golden master and the fourth public beta.



The latest Yosemite update can be downloaded from the Mac App Store and through Apple's Mac Dev Center.



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OS X Yosemite brings a flatter, more modern look to OS X, with an emphasis on translucency and redesigned dock, windows, and more. It also includes a multitude of new features, such as improved integration with iOS 8 through Continuity, a new "Today" view in Notification Center that offers integration with third-party apps, a retooled Spotlight search with new data sources, and several new features for apps like Mail, Safari, and Messages.



Over the course of the beta testing period, each Developer Preview has added new features and refined the look and performance of OS X Yosemite, although changes have become less obvious in more recent builds as Apple begins finalizing Yosemite ahead of its public release, which is expected in late October.


















GT Advanced CEO Thomas Gutierrez sold over 9,000 shares of GT Advanced stock just a day before Apple announced the iPhone 6, reports The Wall Street Journal . The September 8 sale netted him approximately $160,000 at an average price of $17.38, before the company's stock dropped 13 percent to $14.94 on September 9 after it became clear the iPhone 6 and iPhone 6 Plus did not include sapphire screens.



Along with the $160,000 he earned on September 8, Gutierrez sold shares on several other occasions throughout 2014, earning him more than 10 million dollars as GT stock rose on rumors that Apple would use its sapphire for the new iPhones.
In a filing, GT said Gutierrez's share sale was part of a pre-arranged plan put in place on March 14, 2014. But there was no obvious pattern to his sales.



In May, June and July, Gutierrez sold shares within the first three days of the month. But then he didn't sell additional shares until Sept. 8, two days after he received 15,902 previously restricted shares. (Gutierrez forfeited the remaining 6,670 shares to cover tax obligations.)

GT Advanced filed for Chapter 11 bankruptcy protection on Monday, promising to continue operations as it goes through a transitional phase to reorganize its business. "Today's filing does not mean we are going out of business," said Gutierrez. "Rather, it provides us with the opportunity to continue to execute our business plan on stronger footing, maintain operations of our diversified business, and improve our balance sheet."



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Apple and GT Advanced first partnered in late 2013, with Apple building a 700-employee manufacturing facility in Mesa, Arizona that's run by GT Advanced. The deal also saw Apple funding GT's purchase of furnaces and other sapphire-making equipment through a $578 million loan, doled out over several months and subjected to certain capacity requirements.



Under the terms of the agreement between Apple and GT Advanced, GT Advanced is required to pay back the $578 million loan over the course of five years. If the loan is not paid back, Apple is entitled to the equipment that GT Advanced purchased. When a deal was struck between the two companies, GT Advanced noted that sapphire production for Apple would result in substantially lower gross margins, but was confident that a recurring revenue stream would be beneficial for growth in the long run.



Apple was widely expected to include sapphire display covers from GT Advanced on some iPhone 6 models, and it is unclear why sapphire was not used at all. GT filings did, however, suggest that the company saw poor sapphire yield rates, which may have impacted Apple's decision to stick with alternate materials. Apple is not subjected to any type of commitment to purchase sapphire from GT Advanced, and though the Apple Watch does indeed include a sapphire cover, it is unclear whether the sapphire being used is sourced from GT.



GT's stock dropped approximately 90 percent after the company's bankruptcy announcement and has seen little gain since then.


















The Ledge MacBook accessory, currently available through Kickstarter, is designed to attach to the edge of a MacBook to turn the sharp front edge into a more comfortable, rounded edge, alleviating the irritation that some users feel when using a MacBook.



Complaints about the sharp edges of the MacBook have been around for years, and a number of solutions have surfaced, but few are as elegant as the Ledge, which blends in perfectly with the aluminum of newer laptops like the Retina MacBook Pro and the MacBook Air.




We have been MacBook users for many years, owning different models along the way. They have all shared one design trait. Sharp edges. No matter which MacBook model we have used, the sharp edges where we rested our wrists and forearms was uncomfortable and irritating.



Searching for a solution, we found nothing acceptable. Nothing existed that was made for MacBook. We decided to create our own solution. Ledge began with several sketches, and led to a staggering amount of prototypes, but the end results were better than we ever expected. It becomes an extension of your MacBook.

Ledge, which comes in two left/right pieces, is designed to install on any MacBook in just a few seconds, attaching onto the edge of the chassis via 3M adhesive. Ledge adds little extra bulk, and because it is made from the same aluminum as the MacBook, it is unobtrusive and blends in well. Ledge is fully portable and can remain attached to a MacBook at all times.



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Ledge is available via Kickstarter starting at $29 for a single set for the first backers, with pricing going up to $39 after the first 20 purchases. Colored Ledge sets, in pink, gold, or black, are also available for $49, and a Silver finish double pack can be purchased for $85.



Ledge is compatible with MacBook and MacBook Pros from 2008 and later, the Retina MacBook Pro, and the MacBook Air from 2010 and later.


















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