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Beats Audio Buys Back Stake In Itself from HTC

Beats Audio Buys Back Stake In Itself from HTC

By David Murphy

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HTC and Beats Audio aren't calling their partnership quits. However, Beats has bought back half of HTC's shares in the company to give itself a 75-percent ownership instead of a 50/50 split with HTC.

The move should allow HTC to keep a bit more change in its coffers; According to Slashgear's Chris Davies, HTC's 50-percent investment initially cost HTC around $300 million when first announced in August of last year. Beats' buyback allegedly cost the company $150 million.

As a result of HTC partially jumping out, Beats has now secured "more flexibility for global expansion," according to a statement made by both companies this weekend. However, HTC will continue to hold a, "major stake and commercial exclusivity in mobile," which means that you shouldn't expect to see Beats Audio technology accompanying any of the smartphones built by HTC's rivals.

HTC's partnership with Beats initially had Beats bundling its special, red-corded earbuds alongside HTC smartphones. However, that practice ended around April of this year, as HTC realized that average smartphone shoppers don't seem to care all that much about the earbuds that ship with their phone.

"An accessory like the headphone doesn't factor in when someone is buying a smartphone," said Martin Fichter, HTC product executive, in an interview with CNET at the time. "If they want a Beats headphone, they'll buy it directly."

The two companies will continue to work together to stuff Beats Audio technology into future HTC phones, and they're even going to be working on a joint marketing campaign later in 2012.

Beats picked up MOG, a music streaming service, for around $14 million earlier this month. It remains to be seen just how the new terms of HTC and Beats' partnership might factor into Beats' ¨C and HTC's ¨C plans for incorporating the service into the company's smartphones.

Jailbreak: iPhone-4/4S/3Gs iOS-5.1.1 Issue Solved - Unlock-iPhone-4/4S/3Gs Untethered Tool Tested !

By John Smith1

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Symbian-focussed Nokia Developer Champions dropped early

By Rafe Blandford

Nokia Developer has ended the membership, ahead of schedule, of the Nokia Developer Champion program, for a number of Symbian-focussed developers, as the company continues its transition to Windows Phone. Access to Nokia's standard developer program, which is free to join and is open to everyone, is unaffected by the move.

The Nokia Developer Champion is a program aimed at giving recognition to those whom Nokia considers to be key members of their developer community. The program is primarily about prestige and recognition, although all Nokia Developer Champions receive a device of their choice from Nokia, are given the opportunity to receive early access to developer tools, and are eligible to attend Champion-only networking events (usually co-located with other Nokia events).

As the Nokia developer site explains:

Nokia Developer Champions earn recognition for having outstanding expertise in certain Nokia Developer-related areas, participating in various online and offline activities, and sharing and showcasing their knowledge with other Nokia Developer community members. Nokia Developer Champions are from all regions of the world, have a variety of backgrounds, and are experts in wide-ranging mobile-development areas. But they all have one thing in common: Nokia Developer Champions are loyal Nokia Developer community members whose professionalism enriches the community for all of us.

Nokia Developer Champions have a special energy. They share their thoughts and spark exciting new ideas. Their insight, vision, and active involvement inspire others and reflect the true philosophy of the Nokia Developer community. Nokia Developer Champions have certainly earned the extraordinary range of rewards we have set aside especially for them.

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Last week a number of developers received an email from Nokia Developer explaining that their membership of the Nokia Developer Champion program was not be renewed and, in some cases, was being cut short earlier than scheduled. The common factor among those affected by the move appears to be that their main focus is developing for Symbian OS. Developers with a focus on other technologies (Windows Phone, Series 40, Web, and so on) remain part of the program and new members continue to be appointed as Nokia Developer Champions.

The decision has provoked rumblings of discontent from a number of developers, some of whom have taken to Twitter to express their dissatisfaction.

A high profile example is Jan Ole Suhr, developer of the popular Gravity application, who noted: "for the next platform, this [the decision] will guide me to iOS & Android". Such statements, from previously loyal developers, will not help Nokia in its mission to help make Windows Phone "the third ecosystem". Another developer we spoke to, who did not want to be named, described the decision as, "kicking me while I'm down after the Qt debacle" and "the last straw".

Ultimately the number of developers involved is relatively small, around 15 or so by our estimates, but, as you might expect from such as program, it does include a number of very long term and loyal Symbian developers.

While the numbers involved do pale into insignificance when compared to the enormous developer engagement program currently being undertaken by Microsoft and Nokia, it is hard not to see the decision to cut short membership as both short sighted and rather mean spirited. It will undoubtedly generate negative developer sentiment and critical media coverage; something that could have been largely avoided if Nokia had let the membership of the affected developers expire organically at the end of their annual term. Moreover, it will only add fuel to the fire of those who believe Nokia is seeking to brush Symbian under the rug as hastily as possible.

Nokia's existing developers have not had an easy time in the last two years. First, in 2009/2010, came the news that AVKON would gradually be deprecated in favour of Qt, at which point every developer was turned to move to Qt. Second, in February 2011, came the news of the switch from Symbian/MeeGo to Windows Phone, but with the caveat that Qt would be used to connect the billion, and therefore would remain a viable mobile developer platform. Third, and yet to be officially confirmed, came the news that the Qt strategy was being abandoned.

A strategy that amounts to a double developer platform switch in two years has left developers with a sense of instability and anger that investments in code, training and time have, by necessity, been written off. The strategy change transition to Windows Phone made much of this inevitable, but the messaging and managing of the relationship with existing developers should have been better handled.

Disclosure: I was a Forum Nokia Champion, the forerunner of Nokia Developer Champion program, for two terms, between September 2007 and September 2009.

Stolen mobile phone recovered using technology

AKOLA: Vaibhav (20), son of police department employee Sanjay Charpe, was robbed of his mobile by two youths hailing from Nanded while he was returning home on July 6. During investigation, railway police managed to get clues about the two thieves by tracing the stolen mobile phone. The cops arrested Piraji Menthkan (24) and Lakhan Waghmare (22), residents of Chinkhalwadi, Nanded, Marathwada, on Saturday. Both of them were remanded to police custody for two days. The railway police also recovered the stolen mobile from the thieves.

Interestingly, after the complaint, the cops had refused to take complaint and were disputing the jurisdiction of the police station. However, railway police took the initiative and solved the crime with two arrests.

In-laws booked for murder, cruelty in woman's death

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Offences of murder, cruelty against women and criminal intimidation were registered against the in-laws after they caused grievous injuries to one Shakuntala Tiwale on Saturday. Those booked include her husband Narayan Tiwale, his father Sitaram Tiwale and mother Nanda Tiwale. Shakuntala received 91% burn injuries on July 17 at Ashtul village. Her dying declaration was taken on Saturday. She stated that her in-laws had set her afire. Further investigation is on. No arrest has been made so far.

Apple heads into choppy waters as new iPhone awaited

By Poornima Gupta

Apple Inc faces an unusual phenomenon when reporting earnings this time around: low expectations.

Few are expecting the world's most valuable technology company -- which surpasses Wall Street expectations with near regularity -- to deliver a bumper quarter once more on Tuesday.

The main reason: consumers holding out for the new iPhone.

Apple may still surprise market watchers, but many Wall Street analysts and investors remember how chatter over the launch of a new iPhone last year caused Apple to miss quarterly expectations in the fall, for the first time in years.

The iPhone 5 is only expected to hit store shelves around October -- just in time for the holidays -- with a thinner, larger screen and fine-tuned search features. Couple that pre-launch lull with slowdowns in Europe and China, Apple's biggest markets outside of North America, and sentiment on the Wall Street darling is more muted than many can remember in a while.

"No longer is Apple the company that beats every time," said Tim Lesko, portfolio manager at Granite Investment Advisors, which owns Apple stock. "I expect Apple to beat Apple's guidance, but I don't know whether they will beat Wall Street's guidance."

Tony Sacconaghi, analyst with Bernstein Research, sees a reasonable chance Apple will miss expectations on revenue, citing "macroeconomic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new Mac notebooks."

Any hiccup in demand for the best-selling smartphone can have a big impact on both revenue and profits as the five-year old device accounts for nearly 50 percent for Apple's revenues. And it comes at a time Samsung and other manufacturers that use rival Google Inc's Android software are chipping away at its market share.

Apple is expected to report fiscal third-quarter earnings of $10.35 a share on revenue of $37.2 billion, according to Thomson Reuters I/B/E/S.

Top Wall Street analysts are betting the numbers will undershoot that. Apple may miss the average sales forecast by about 0.2 percent, according to Thomson Reuters Starmine's SmartEstimates, which places greater emphasis on timely forecasts by top-rated analysts.

IPAD'S LAUNCH IN CHINA

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But some analysts also think the Street is underestimating the impact of a late iPad launch in China, a focal point of intense expansion for the company and a huge driver of growth.

Apple began selling the tablet there on Friday, but many had expected it to ship last quarter.

Sales in China, Hong Kong and Taiwan jumped threefold to $7.9 billion in the second quarter, accounting for about 20 percent of Apple's $39.2 billion in total revenue.

The company typically introduces a new iPhone every year, but has yet to reveal any details on the next model.

However, people familiar with the situation have told Reuters the new iPhone will have a bigger display and that Apple has begun to place orders for the new displays from suppliers in South Korea and Japan.

Meanwhile, Apple's iPhone 4S is just three quarters old, which is relatively new by any standard. But many fans of the phone now see it as a cyclical product with somewhat predictable launch timeframes, preferring to wait a few months to buy the new model, analysts said.

Wall Street estimates Apple sold about 29 million iPhones, down from 35.1 million sold in the March quarter. Sales of the new iPad, expected to be 14 million to 15 million, is likely to offset part of the anticipated sequential drop in iPhones sales.

Apart from concerns about iPhone purchases, Wall Street is worried about the rising prominence of Google and Amazon.com in the mobile market, particularly with the launch of Google's smaller and cheaper Nexus 7 tablet, which is gaining popularity.

Still, no one is bearish in the longer term on the world's largest technology company by market value and most Apple watchers believe the company will make up any lost iPhone volume during the holiday season.

"Big picture, it doesn't matter," said Sterne Agee analyst Shaw Wu. "They are still the share gainer in the larger scheme of things. This is clearly a timing issue."

BIG HOLIDAY SEASON EYED

Wall Street expects that the outlook for this year's holiday season will be enormous for Apple as it may include the launch of a new iPhone as well as a potential new "mini iPad."

Apple has been working on a smaller tablet, a person familiar with the matter told Reuters.

It is unclear when Apple will launch such a tablet, but some clues are emerging on the timing of the new iPhone.

When Verizon -- one of the wireless carriers that work with Apple -- was asked on Thursday why customers have been holding back on handset upgrades, CFO Fran Shammo said: "There is always that rumor mill out there with a new phone coming out in the fourth quarter and so people may be waiting."

Investors will pick apart executives' comments for clues to new product introductions. While Apple has a policy of never giving advance details or timings on new products, Chief Financial Officer Peter Oppenheimer has often hinted of "product transition" in earnings conference calls preceding a launch.

Wall Street estimates Apple sold about 4 million Macintosh computers as the PC market saw growth sputter in the quarter.

The lackluster expectations do not appear to have affected Apple's stock, which is up nearly 50 percent so far in 2012. The stock has been choppy since a high of $644 in April. It closed Friday at $604.30 on the Nasdaq.

"Of all the quarters, this is the one that seems to have widest range of opinion," said Granite's Lesko.

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