iWatch to profit $6 billion in the future

iWatch to profit $6 billion in the future

A billion-story in the making.

Rumors are now spreading for a new Apple product. Some analysts say that this will revolutionize portable players, tablets, music, and smartphones, and will change people’s view on wristwatches. A tech expert believes that this could be worth billions to the super tech giant.

According to Oliver Chen, a Citigroup analyst, the rumored iWatch of the company could be billions of opportunity for them, pulling some numbers by around $6 billion. Furthermore, he thinks that there could be even plentier than $6 billion if the tech giant creates something that is totally fresh and new . . . → Read More: iWatch to profit $6 billion in the future

Market shares of Apple dropped down below $500

Market shares of Apple dropped down below $500

Does the magic of Apple fade off? On September, market shares for the tech giant hit a record low just below $500 for the very first time since the month of February. The shares specifically are for iPhone and iPad units, which on the first half of September hit at $702.10. The drop was at 27 percent.

After Citigroup has lessened its stock rating, Apple dropped off to $499 in New York’s pre-market trading. This, primarily concerns the demand for the newest iPhone 5 to be slowing down.

According to Bloomberg, reporting a statement from Citigroup, the Asian suppliers of . . . → Read More: Market shares of Apple dropped down below $500

Google Makes its Own Music Store Challenging Amazon and Apple

google music store

Google Inc. is making a web-based music store to contest with Amazon.com Inc. and Apple Inc., although the company may open up the service with no legal rights to market songs from most of the greatest record labels, reported by people knowledgeable about the matter.

As outlined by these folks, all of the major music firms have held discussions to permit their catalogues to Google for the new online store. But just the smallest, Citigroup Inc.’s EMI Group, is in close proximity to an agreement, according to them. EMI’s artists includes Pink Floyd, Gorillaz, and Katy Perry.

Not . . . → Read More: Google Makes its Own Music Store Challenging Amazon and Apple

Cyber Attack Affects 1.3 Sega Pass Users

Cyber Attack Affects 1.3 Sega

According to Sega Corporation, Japanese video game developer that information belonging to 1.3 million customers has been stolen from its database, the newest in a rash of global cyber attacks beside video game companies.

Sega said in a report that names, birth dates, e-mail addresses and encrypted passwords of users of Sega Pass online network members had been compromised even if payment information like credit card numbers was secure. Sega Pass had been close down.

Yoko Nagasawa, a Sega Spokewoman said, ”We are deeply sorry for causing trouble to our customers. We want to . . . → Read More: Cyber Attack Affects 1.3 Sega Pass Users

Google Plans Mobile Phone Credit Card

Google Mobile Phone Credit Card

Reports suggest that Google is using NFC chips to trial a payment system in America.

The information say that Google is set to join forces with MasterCard and Citigroup to allow users of its Android mobile phones pay for purchases using “near-field communications” (NFC) technology.

The move corroborates recommendations created by Google when the NFC-enabled Nexus S handset launched, and would provide the search giant a reply to Orange’s UK plans to utilize Barclaycard’s technology for mobile phone ‘contactless’ payment. Apple is as well reported to be allowing for utilizing ‘NFC’ chips in its . . . → Read More: Google Plans Mobile Phone Credit Card