“We will enter Asia with the iPhone in 2008,” Apple COO Tim Cook declared in March 2008. “And we will one day enter China, we’re not saying when.” How’s September of 2009 sound? Because China Business Network claims that China Unicom and Apple have finally inked a deal that will bring the iPhone to the country around that time.
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Palm’s Pre may compete with Apple’s iPhone on a feature-to-feature basis, but judging from the latest search stats from comScore, the Pre has some way to go before it matches the iPhone in mindshare. According to the research house, Palm Pre search activity, which more than doubled in late May thanks to Sprint’s “Now Network” advertising campaign, suffered a significant decline in mid-June, right around the debut of the new iPhone.
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As Apple marks the one-year anniversary of its App Store with a bit of celebratory smack talk, Microsoft has provided a few more details about its forthcoming rival offering: Windows Marketplace for Mobile store. At its Worldwide Partner Conference in New Orleans this morning, the company said it will begin accepting applications for the store on July 27 with an eye toward opening it by the end of the year.
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Post-Pre launch, Palm may be, in the words of CEO Jon Rubinstein, “exactly where we hoped we would be.” But how long the company will stay there is an open question. Because according to Pali Research, Pre sales slowed again last week.
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It took Apple and AT&T 74 days to sell the first million iPhones back in 2007. This year it took just three. No wonder AT&T is crowing about first-day sales. In an all-hands memo to employees this week, the carrier, which sold “hundreds of thousands” of iPhones during its pre-order process, said first-day sales of the 3GS were off the charts. The memo, after the jump.
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Palm shares are on a tear this morning, rallying on the company’s fourth-quarter financials and the promise of its new Pre handset. Palm is trading at $15.30 as I write this, up more than nine percent in reaction to the company’s claims that the Pre and Palm’s webOS are off to a strong start.
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Palm’s market cap is currently $1.95 billion. A year ago it hovered around $400 million. Amazing when you think about it, really. On the promise of the Pre and the company’s new WebOS operating system alone, Palm has added more than $1.5 billion to its market cap.
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Piper Jaffray analyst Gene Munster was right. The iPhone 3GS didn’t sell as well as the iPhone 3G did during its launch weekend last year. But it did quite a bit better than he thought. In an investment note issued this morning, Munster estimated the company sold 750,000 iPhones over the weekend.
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How many iPhone 3G S handsets will Apple sell this weekend? The answer: 500,000, according to Piper Jaffray’s Gene Munster, who says early sales will be slower than those of the 3G thanks to a dramatic change in value proposition and a launch limited to eight countries.
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“We will enter Asia with the iPhone in 2008…we will one day enter China, we’re not saying when.” Apple COO Tim Cook said that back in March of 2008, and it’s a good thing he declined to offer a more specific timeline. Because here we are, well over a year later, and Apple still hasn’t managed to officially launch the iPhone to China. But it’s getting closer.
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One of the simplest ways to create a shortage, and the buying frenzy that typically accompanies it, is to announce that there will be one. And this is precisely what Sprint CEO Dan Hesse did for the Palm Pre Tuesday. Speaking at J.P. Morgan’s Global Technology, Media and Telecom Conference shortly after Sprint announced the handset’s street date, Hesse said he anticipates that supplies will be limited, at least initially.
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Windows Mobile 6.5 might be a necessary stopgap on the path to 7.0, if not exactly an elegant one. But what can you expect from an OS with such a hurried path to launch? Not much, according to Microsoft developers who admit that the incremental update was a rush job that suffers from all of the problems attendant thereto.
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This morning we learned that Apple’s Worldwide Developers Conference does not herald the return of CEO Steve Jobs. Now comes word that it may not herald the announcement of company’s next-generation iPhone, either.
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