The iPhone is finally coming to the world’s most wired country. South Korean regulators on Wednesday cleared the iPhone for sale. Great news for Apple. The South Korean market is a robust one, and analysts say that with the right carrier partner, Cupertino could be looking at first-year sales ranging from 500,000 to two million.
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While the highlight
of the week was undoubtedly Apple’s Rock and Roll event on Wednesday featuring Steve Jobs 2.0, that was only the anodized aluminum, candy-colored, video-shooting cherry on top of another week of tech sector reporting from All Things Digital.
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The week that took us from August to September was one for the books over at BoomTown, especially if you’re 12.
Kara spent Monday morning at Activision Blizzard, where they are pushing forward with the entire Guitar Hero line, even as the game industry faces a nearly 50 percent decline in U.S. sales this year. Kara got to play hero to several of the forthcoming releases, including previewing the much anticipated DJ Hero console.
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Time Warner’s second-quarter earnings beat analysts’ expectations. But that’s not saying much, really. Profits fell 34 percent to $519 million, or 43 cents a share, from $792 million, or 66 cents a share, a year earlier. Revenue was down nine percent to $6.8 billion.
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Welcome news for folks who love the iPhone, but hate AT&T: The increasing prevalance of exclusivity agreements between wireless carriers and cellphone manufacturers, like the one between Apple and AT&T, is drawing some government scrutiny. Four U.S. senators are urging the Federal Communications Commission to review such deals with an eye toward determining whether they unfairly restrict consumer choice and hamper competition.
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Took ’em long enough. After weeks of rumor and speculation, Walt Disney Co. has finally taken a stake in Hulu, the video-streaming site operated by NBC Universal, News Corporation and Providence Equity Partners. Financial terms and the structure of the deal weren’t disclosed, but sources say Disney’s stake in the venture will be 27 percent.
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Describing its long-term financial outlook to analysts last week, eBay said it expects Skype to more than double its revenue to over $1 billion by 2011. Quite a claim to make about an Internet telephony business for which the company has taken some pretty nasty write-downs, a business that back in January eBay seemed to be looking to divest. But apparently, eBay sees quite a bit of promise in Skype’s new voice-over-IP service for businesses.
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Just as the mobile Web and the wired Web are converging, so too are their audiences, which are destined to reach parity in size–and sooner, rather than later. According to the latest metrics from comScore, day-to-day mobile Internet usage in the states doubled over the last year.
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