That cat’s out of the bag a day early, it seems. Yahoo’s board has approved a $ 1.1 billion cash deal to purchase the blogging site Tumblr, according to The Wall Street Journal. We were expecting Yahoo to announce the acquisition during tomorrow’s NYC media event — CEO Marissa Mayer may instead use the last-minute gathering to detail the company’s plans for integrating the popular platform. It’s unclear how Yahoo intends to utilize its latest procurement, but with a 10-figure price tag now public, we can only imagine that Tumblr will be put to good use. We’ll be covering tomorrow afternoon’s event live, so stay tuned for more details from New York City.
Filed under: Internet
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Welcome to The After Math, where we attempt to summarize this week’s tech news through numbers, decimal places and percentages
We’ve been getting our first unfiltered experiences with Google Glass this week, which makes it the perfect time to go over some of the salient points up until now. At the same time, Apple sold more hardware, more apps and made even more money — it was largely another good quarter for the Cupertino coffers. Add in a million-second game show and there are more than enough numbers to play around with in this week’s After Math.
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Apple closed its record June quarter with $ 117 billion in cash reserves, up from $ 110 billion last quarter. Crediting strong sales of almost all products as well as an improved economy. Asia-Pacific growth increased 25% this quarter (down from 100% last quarter), 2/3s of which came from China.
Apple announced they would also continue their stock byback program over the year.
AAPL closed with a market cap of 561.90B while competitors like Dell and HP closed at 20B and 4.7B respectively.Related Posts:
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Visa Europe is muscling in on the European mobile payments game with V.me. The online service will allow you to store cards from different agencies (including American Express) for payments online and at NFC-enabled cash registers. It is expected to arrive in the UK, Spain and France in the Autumn, but it’ll sadly be too late for it to gain any traction, since we’ll have worked out how to glue PayTag stickers to our forehead by then.
Continue reading V.me by Visa coming to the Europe this autumn, cash starts begging for another chance
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Taking cues from an ING Direct app that used its API, Bump Technologies has developed its own version of the mobile payments software, enabling phone-to-phone “Bump” transactions using PayPal. Yes, PayPal. That minor processing detail aside, the service appears to offer a fun solution for simplifying the fairly painful process of paying the check at group meals, or splitting a tank of gas with a friend. Both you and your bud need to have the app installed before you can beam that green, and there’s no option to send payments remotely, though you could always use plain ole vanilla PayPal for that. The app is free, and if you have a checking account linked you won’t have to deal with any fees. Bump Pay is iOS only “at launch” (read: it could be making its way to Android as well), so for now you’ll need to bump the App Store to get folks paid.
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A slew of successful, high margin products have left Apple sitting on an almost unimaginable amount of money — $ 97 billion as of its last earnings report — and led to the natural question of just what to do with it. According to a press release just issued, we’ll all find out about “the outcome of the Company’s discussions” tomorrow on a conference call with CEO Tim Cook and CFO Peter Oppenheimer at 9AM ET. What does $ 100 billion or so of iMac, Macbook, iPhone and iPad money buy? Speculation has already included dividends for investors, a spending spree of acquisitions or even a dip into philanthropy. We’d have blown the entire bundle on the largest indoor laser tag facility ever built long ago, so this time we’ll leave the question to the experts — what do you think the folks in Cupertino will (or should) announce?
March 19, 2012 08:00 AM EST
Continue reading Apple to announce plans for its $ 100 billion cash reserves tomorrow morning
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