Under Armour has its sites on topping Fitbit to be the biggest name in the fitness tracker market and is spending US$560 million to buy MyFitnessPal along with Endomondo to make that happen. The purchases give Under Armour 120 million users for its combined fitness platform—a number it says makes it the world's largest fitness and wellness community.
Federal Communication Commission Chairman Tom Wheeler made it clear on Wednesday that he wants to move forward with his plan to use Title II from the Communications Act to regulate Internet service providers and block them from creating Internet fast lanes. Mr. Wheeler's announcement is being heralded as a big win for net neutrality, which seems a bit premature. The FCC still has to vote on his proposal, and assuming it's approved, will then face a legal onslaught from the likes of Verizon and AT&T.
Slowly, we're coming to appreciate how Apple is going to create the purchase experience for the Apple Watch. Because of the unique nature of this product, combined with supply constraints, Apple will probably have several, tweaked rollout stages.
When quizzed about its tax practices, Apple CEO Tim Cook told a Senate subcommittee his company complies with the law, and if that didn't sit well then Congress should come up with new laws. It looks like lawmakers may finally be taking his advice, and even President Barack Obama is looking for ways to get at the money Apple and other major corporations are holding outside of the country.
A bipartisan bill is on its way to the U.S. Senate that hopes to coax large corporations like Apple to bring money they're holding off shore into the country. The bill will give companies a substantial tax break—6.5 percent instead of 35 percent—for repatriating their money, although there are some strings attached which may make it a hard sell to law makers and corporations alike.
Apple is running neck and neck with Samsung in global smartphone sales. Though Samsung was once the king of smartphone numbers—though never the king of smartphone profits—Apple closed the gap in the December quarter, according to Strategy Analytics.
Apple had the best quarter in the history of all quarters, as reported Tuesday. Kelly put together some comparisons of Apple's earning numbers to give this quarter some context.
YouTube put another nail if Flash's coffin this week with the announcement that it is dropping Adobe's media format as the default for videos in favor of HTML5 on computers. The change means Flash-based content will be available at even fewer places online, pushing the format farther into obscurity.
Apple continued to up its vaguery game when it comes to Wall Street on Tuesday, eliminating two more categories of numbers from what it breaks out. For the December quarter—Apple's first fiscal quarter—Apple didn't report iPod unit sales.
BlackBerry CEO John Chen's solution for BlackBerry's struggles is to require every developer and service provider to make their products work on all mobile platforms. Bryan Chaffin thinks this is a remarkably bad idea as self serving as it is devoid of logic.
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