When it opens Nov. 14, Apple’s new Upper West Side store in Manhattan will be the company’s 280th worldwide, but it won’t be the newest store in the Apple empire for long. The company plans to open 40 to 50 more in 2010, some in locations like Shanghai, London and Paris. A few of these will be what Apple refers to as “significant stores,” outlets that are striking in both appearance and location.
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iPhone exclusivity officially came to an end in the U.K. yesterday when, joining O2, Orange became the second carrier to offer the Apple smart phone in the country. And judging by Orange’s first-day sales, the debut was quite a success. The iPhone went on sale at 7 am Tuesday and by 4 pm, Orange had sold more than 30,000.
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At 37.9 percent, Nokia’s share of the global handset market is the largest in the industry. Odd then to learn that it is not the most profitable. And odder still to learn that that honor belongs to Apple, which has been in the handset market for just two years.
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If AT&T took offense at Verizon’s “There’s a Map for That” ad campaign, wait until it gets a load of its rival’s newest ad spots. Unfazed by AT&T’s litigious reply to its first effort, Verizon rolled out a trio of new anti-AT&T ads over the weekend and they are brutal in their criticism of the carrier’s network coverage.
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Given the havoc the econalypse has played with other industries, the smart-phone market is in extraordinarily good shape. Shipments of the devices rose 4.2 percent to 43.3 million globally compared with 41.5 million shipped in third quarter of 2008.
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What do you know: China Unicom just coughed up some first weekend sales numbers for the iPhone and…well, they’re not much to look at, despite what I said earlier. The carrier sold just 5,000.
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Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds?
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Apple’s iPhone finally arrived at market in China today and is evidently selling fairly well, despite wallet-emptying prices. ChinaNews.com found about 300 people queued up to buy the device at China Unicom’s flagship store in Beijing.
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When Apple said it does not support iTunes integration with third-party digital media players, it meant it. With iTunes 9.0.2, it has once again disabled the Palm Pre’s ability to synch with the media software.
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It has been about two years since Apple last released a major firmware update for its Apple TV platform, so the release of Apple TV 3.0 today will come as welcome news to those who own the device. 3.0 is largely as rumored: Adding support for both iTunes LP and iTunes Extras.
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Though the iPhone-slagging ad campaign for its forthcoming Droid handset may make negotiations uncomfortable, Verizon is still very much interested in adding Apple’s iconic device to its smart-phone lineup. But if and when it does is entirely up to Apple, according to Verizon CEO Ivan Seidenberg.
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How badly does AT&T want to renew its iPhone exclusivity contract with Apple? Pretty damn badly. Posting third-quarter earnings that topped Wall Street expectations this morning, AT&T said it activated a record 3.2 million iPhones during the period. Of those, 40 percent were for customers new to the carrier.
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AT&T reports third-quarter earnings Thursday and by all accounts, they should be strong enough, thanks to the sheer size of the company’s footprint and, of course, its exclusive carrier rights to the iPhone.
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The econalypse may be winding toward its end, but for Apple it evidently never even started. Shares in the company spiked more than $12, or more than six percent, to $202 in early trading Tuesday as investors celebrated another of the company’s great quarters.
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Though Verizon’s new Droid ad campaign might seem to preclude one, Apple would be wise to ink an iPhone distribution deal with the carrier–if not to hasten iPhone adoption, then to slow rivals that would supplant it. That’s the argument put forth by Piper Jaffray analyst Chris Larsen in a research note to investors Monday.
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