Apple buys chip designer PA Semi for $278 million
An Apple spokesman confirmed Tuesday evening that the company has agreed purchase a boutique microprocessor design company known for sophisticated but low-power designs, Forbes is reporting.
News Archives for 04/2008
AppleInsider Staff
iTunes vids failing on 5th gen iPods; GPS in iPhone code? More
Owners of Apple's early video-capable, fifth-generation iPods have found that some recent iTunes Store videos refuse to play. Also, beta versions of the iPhone's 2.0 software emulator make reference to currently unused GPS features, Apple has released its Aperture SDK, and Sony has acquired the company that provides track titles for iTunes.
Katie Marsal
Lehman initiates coverage of Apple, sees Mac share doubling by 2013
Global financial services firm Lehman Brothers initiated coverage on Apple this week with an Overweight rating and $195 price target given the company's ongoing share gains in the PC market, potential for open-ended growth with new iPhones, and prospects for groundbreaking new products later this year and next.
O2 iPhone boost; Jobs interview tonight; 10.5.3; AT&T adds 1.3m
A recent iPhone price cut in the UK has spurred sellouts at O2 and Carphone Warehouse stores. Meanwhile, an interview with Steve Jobs will air tonight as part of a documentary on Pixar; Apple has pushed out a new build of Mac OS X 10.5.3; and AT&T added another 1.3 million subscribers in the first quarter.
Slash Lane
AmTech downgrades Apple shares to Neutral on valuation
Investment firm American Technology Research on Tuesday cut its long-standing Buy rating on shares of Apple Inc. to Neutral, citing near-term concerns with the stock's valuation, high expectations on the part of investors, and a potential product vacuum ahead of the third calendar quarter.
Apple files for universal iPhone instant messaging patent
Apple has set the groundwork for instant messaging on the iPhone and other touchscreen devices with an application for a patent on a universal interface for real-time text chat services.
Apple, Best Buy partner in China; NPD on iPods; PayPal clarifies
Apple and speciality electronics retailer Best Buy have extended their partnership to the Far East. Meanwhile, the latest data from NPD suggests second-quarter iPod sales remained relatively flat. And PayPal now says that it does not intend to block Safari users from its ecommerce service.
Citigroup, RBC raise Apple estimates ahead of earnings call
Investment banks Citigroup and RBC Capital Markets have both raised their outlook for Apple's second fiscal quarter, saying they expect the company to announce Wednesday revenues of more than $7 billion on sales of over 2 million Mac systems.
Apple said to have signed landmark 3G iPhone deal for Italy
Apple Inc.'s next-generation iPhone will arrive in Italy in a matter of weeks under a landmark deal that will see handset sold through Telecom Italia Mobile (TIM) without a contract and carrier lock, according to Repubblica.
Aidan Malley
Prince McLean
