Apple has begun a super-secret quest for a store in historic Grand Central Terminal, potentially creating a hive of buzzing techies in the glamorous Beaux Arts landmark.
Reliable sources tell The Observer that the maker of ubiquitous iGadgets–from computers to cell phones–hopes to open a store in the transportation and retail hub, though it has Read More
Steve Jobs announced today that he will be taking a medical leave of absence, his second in two years.
Jobs is a survivor of pancreatic cancer and received a liver transplant back in 2009. Details on his current condition are scarce.
Jobs did miss the announcement in New York last week that the iPhone would Read More
An Arena Grows in Brooklyn
Our colleague Jotham Sederstrom broke some shocking news recently and nobody noticed. Why? Because they’re not subscribed to the new Commercial Observer Now tri-weekly newsletter. Subscribers get the first word on the big deals going on in the city before anyone else, such as Marty Markowitz’s dream finally coming true:
With plans Read More
The iPhone will finally sever its exclusive relationship with AT&T today when it debuts on Verizon.
These two telco giants share the same mother, Ma Bell that is, but apparently broadband runs thicker than blood. Jenna Wortham breaks it down for The New York Times:
“I’m not sure iPhone users are ready for life Read More
New details about the Justice Department’s ongoing probe into insider trading reveal a strong focus on technology and hot consumer products like the iPad.
Walter Shimoon, a senior director at Flextronics, an Apple supplier, was arrested today, charged with leaking details about the iPad way back in 2009, according to Reuters.
Transcripts from the Read More
This morning Goldman Sachs threw its analytical muscle behind Apple today, saying the stock, which is already at a record high, could gain another 100 points before topping out.
Goldman sees Apple’s platform-centric business model – iPod, iPhone, iPad, etc – is the “secret sauce that has enabled it to quickly capture market share Read More
Print to Digital
Magazine publishers were some of the first big believers in the potential of Apple’s iPad, with Conde Nast saying they expected as much as 40% of their revenues would come from tablet devices in the future.
But the romance has quickly soured, as publishers push back against Apple’s increasingly domineering stance to subscriptions and Read More
Apple is ready to play hardball with Fei Lam, the teenager from Queens who built a six-figure business selling parts for the unreleased white iPhone 4.
According to Lam’s attorney, Andrew M. Jaffe, private investigator Jimmy Robbins, who first contacted Lam, was working for Apple.
But when Jaffe called Robbins, he was informed that Robbins Read More
Condé Nast announced today that it will use Adobe Digital Publishing Suite to create the digital editions of all its print publications.
Just this past April, Apple CEO Steve Jobs attacked mobile apps created using Adobe Flash. He wanted glossy publishers like Condé Nast to use Apple’s proprietary development tools.
Condé has a lot riding Read More
Glossy New York media companies like Conde Nast and Hearst are hoping that Apple’s iPad will be the high-end retail platform for digital content that will make up for the losses they have seen in print.
Perhaps they will. But while Apple earnings beat Wall Street expectations today, as they usually do, the company Read More