VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Apple  is set to acquire Beat's music streaming service as well as the audio equipment arm, which will its biggest ever deal so far. The deal which is worth $2.6bn in cash and around $400m in Apple shares will see co-founders of the brand, music producer Jimmy Lovine and rapper Dr Drejoining Apple.The announcement comes nearly three weeks after the negotiations of the deal were leaked to the media. "Music is such an important part of all of our lives and holds a special place within our hearts at Apple," said  Apple's Chief Executive, Tim Cook , in a statement. “That’s why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world.” Established in 2008 by both Dre and Iovine, Beats Electronics has worked in collaboration with music superstars such as  Lady Gaga , Lil Wayne and Nicki Minaj and creates ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Apple  has unveiled two new iPhones, including  iPhone 5s and iPhone 5C  that come in five colours and are priced to bring the smartphones within the reach of the masses in poorer emerging markets. It has almost the same specifications as iPhone 5, which was launched as the company's flagship device last year, but in a plastic body. Apple claims that iPhone 5C (with a contract in the US) is cheaper than all new iPhones launched till now, and is said to be targeted at emerging markets like India and China. With the launch of iPhone 5S, Apple has discontinued the iPhone 5 that was rolled out last year and served as the flagship model till now. It will be available in three colours -  gold, white and black.Tim Cook, Chief Executive, Apple, kicked off the event at the company's Cupertino headquarters which also ushered in the pricier iPhone 5S. Apple claims that the iPhone 5S will be twice as fast for both CPU a...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   The two senior executives who have business relations with the California-based company in India has revealed that  Apple  further plans to set up its own stores in India, if the Indian government eases local sourcing conditions. The brand has, however, refused to comment on its India plans or whether it would ask the government to provide flexibility with regard to local sourcing rules. Tim Cook, CEO, further explained that the multi-layered distribution in India adds to the cost of bringing products to the Indian market. It is also believed that, traditionally, India has not been a high-priority market for Apple, and it takes months before its newly-launched products start selling in India officially through re-sellers.... See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Tim Cook of Apple Inc. is reported as the highest-paid Chief Executive Officer in the US last year as compensation gained 2 per cent overall from 2010. Cook is said to receive about $378 million, which includes salary, perks and bonuses ($1.8 million) and a one-time stock award ($376.2 million), that extends over 10 years. According to market report, Larry Ellison of Oracle Corp was second with $77.6 million, followed by J C Penney Co. (JCP)'s Ronald Johnson, at $53.3 million. Viacom Inc's Philippe Dauman, who was No. 1 in the survey last year, was fourth this year with $43.1 million, followed by Honeywell International Inc's David Cote, who received $35.3 million. Stephen Chazen of Occidental Petroleum Corp was paid $31.7 million and was sixth. Seventh through 10th, respectively, were Robert Iger, Walt Disney Co, $31.4 million; Clarence Cazalot Jr, Marathon Oil Corp, $29.9 million; Alan Mulally, Ford Motor Co, $29.5 million; and ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Apple has announced that it has sold three million new iPads the same day that the company said it will put its nearly $100 billion cash reserves to use by beginning to pay a quarterly $2.65 dividend and through a 10 billion dollar share buy-back programme. Tim Cook, Chief Executive Officer, Apple said, The company had a "record weekend" for its latest iPad but had not given the exact sales figures." Philip Schiller, Senior Vice-President of Worldwide Marketing, Apple said, "The new iPad is a blockbuster with three million sold, the strongest iPad launch yet." For More Details See www.varindia.com