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Apple to cut iPhone production in first quarter of 2017: report

by UNTV News   |   Posted on Tuesday, January 3rd, 2017

The new iPhone 7 smartphone goes on sale inside an Apple Inc. store in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo

 

Apple Inc. will trim production of iPhones by about 10 percent in the January-March quarter of 2017, the Nikkei financial daily reported on Thursday, citing calculations based on data from suppliers.

The company had slashed output by 30 percent in January-March this year due to accumulated inventory, the paper said.

Apple’s shares were down 0.84 percent in midday trading, in line with the Nasdaq stock index.

An Apple spokeswoman declined to comment on the report. — Reuters

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Customs seizes P20-M worth of fake iPhones, Samsung

by UNTV News   |   Posted on Wednesday, February 8th, 2017

MANILA, Philippines — Officials of the Bureau of Customs (BOC) have already opened on January 12 the boxes from China which was named under consignee, Autumnway

The boxes contain an estimated 400 fake iPhones, 100 fake Samsung phones, fake Samsung powerbanks, other cellphone gadgets and even vape cigarettes.

There were also spare parts like LCD screens which can be used to make cellphones.

According to the Intellectual Property Rights Division (IPRD), the boxes were suspicious because the declared items in the document states office supplies, office equipment and furniture.

BOC is preparing for the cases to be filed against the consignee, broker and importer of the smuggled gadgets.

“It will be automatic seizure because of misdeclaration. We’ll file the necessary administrative charges against the broker and the importer…this is a criminal offense and it’s smuggling,” said Atty. Zsae Carrie de Guzman, chief of the IPRD.

“We have placed this shipment under surveillance for a week because we had derogatory information that the container contains cellphones,” added De Guzman.

Meanwhile, intelligence reports that are currently being verified by BOC say, more shipments are expected to arrive in the country containing various smuggled items.

For this reason, BOC is continuing to guard ports to ensure that no smuggled items will be sold in the market. — UNTV News and Rescue

WATCH: BOC Commissioner Nicanor Faeldon on Get it Straight with Daniel Razon

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Nokia sues Apple for infringing patents, industry back on war footing

by UNTV News   |   Posted on Thursday, December 22nd, 2016

Headquarters of Finnish telecommunication network company Nokia are pictured in Espoo, Finland August 4, 2016. Lehtikuva/Irene Stachon/via REUTERS

Nokia Corp. said on Wednesday it had filed a number of lawsuits against Apple Inc. for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier.

Nokia’s lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the U.S. District Court for the Eastern District of Texas, cover patents for displays, user interfaces, software, antennas, chipsets and video coding.

“Since agreeing a license covering some patents from the Nokia Technologies portfolio in 2011, Apple has declined subsequent offers made by Nokia to license other of its patented inventions which are used by many of Apple’s products,” Nokia said in a statement.

Apple on Tuesday had taken legal action against Acacia Research Corp. and Conversant Intellectual Property Management Inc., accusing them of colluding with Nokia to extract and extort exorbitant revenues unfairly from Apple.

“We’ve always been willing to pay a fair price to secure the rights of patents covering technology in our products,” said Apple spokesman Josh Rosenstock. “Unfortunately, Nokia has refused to license their patents on a fair basis and is now using the tactics of a patent troll to attempt to extort money from Apple by applying a royalty rate to Apple’s own inventions they had nothing to do with.”

Acacia and Conversant did not immediately respond to requests for comment, and Nokia was not immediately available to comment on the Apple lawsuit.

The legal action by Nokia and Apple appear to mark a revival of the “smartphone patent wars” that began five years ago, when Apple filed a series of patent infringement cases against Samsung Electronics around the world, with wins and losses on both sides.

Apple’s lawsuit against Acacia, Conversant and Nokia was filed only one day after Ottawa-based Conversant named Boris Teksler as its new chief executive. He had worked as Apple’s director of patent licensing and strategy from 2009 to 2013, the latter half of his tenure overlapping with the lawsuits against Samsung.

Acacia is a publicly traded patent licensing firm based in Newport Beach, California. One of its subsidiaries sued Apple for patent infringement and was awarded $22 million by a Texas jury in September.

Similarly, Conversant, which claims to own thousands of patents, announced last week that a Silicon Valley jury had awarded one of its units a $7.3 million settlement in an infringement case against Apple involving two smartphone patents.

Nokia, once the world’s dominant cellphone maker, missed out on the transition to smartphones triggered by Apple’s introduction of the iPhone in 2007.

The Finnish company sold its handset business to Microsoft Corp. two years ago, leaving it with its telecom network equipment business and a bulging portfolio of mobile equipment patents.

But this year, Microsoft sold its Nokia-feature phone business to a new company called HMD Global.

Nokia agreed to a 10-year licensing deal with HMD, which continues to market low-cost Nokia phones and plans to introduce new Nokia smartphone models next year. — Reuters

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Amid talk of ‘peak iPhone’, Apple’s prospects hinge on next model

by UNTV News   |   Posted on Thursday, April 28th, 2016

Wednesday, April 27, 2016 Details are pictured on the back of an Apple Iphone 6 on a table in a restaurant in Hanau, Germany, April 10, 2016. REUTERS/Kai Pfaffenbach/File Photo

Wednesday, April 27, 2016
Details are pictured on the back of an Apple Iphone 6 on a table in a restaurant in Hanau, Germany, April 10, 2016. REUTERS/Kai Pfaffenbach/File Photo

Ask Siri if iPhone 7 will be the answer to Apple Inc’s (AAPL.O) problems, and you’re told that a visit to Apple’s website should answer that question “and more”.

If only it was that easy.

Apple’s shares closed down 6.3 percent at $97.82 on Wednesday, wiping off about $36 billion in market value, a day after the company reported its first-ever fall in smartphone sales, arousing talk of “peak iPhone”.

For many analysts, the company’s immediate future rests with iPhone 7, which Apple is expected to launch in September.

“If iPhone 7 doesn’t surprise with meaningful new useful features, we worry that consumers won’t upgrade,” Macquarie analyst Ben Schachter wrote in a note to clients.

“And unfortunately, nothing that we’ve seen about iPhone 7 thus far strikes us as particularly innovative,” said Schachter, who cut his price target to $112 from $117 while maintaining his “outperform” rating on the stock.

The iPhone 7 is expected to sport a new look with features such as waterproofing, wireless headphones and force touch as the home button.

But many wonder if that will be enough to entice users to dump their existing iPhones or switch from the Android-based phones that have come to dominate the smartphone market.

Goldman Sachs removed Apple from its conviction list after Apple’s results and said it expected the company’s shares to remain weak until the market gets more comfortable with the prospects for iPhone 7.

Goldman was among at least 16 brokerages that cut price outlooks on Apple’s stock, cutting its target to $136 from $155 while retaining a “buy” rating.

Of the 46 analysts covering the stock, 36 rate it “buy” or “strong buy” or the equivalent. The median price target is $121, according to Reuters data.

Apple usually launches new iPhones in September and sells the most devices in the December quarter.

Unit sales typically drop over the next few quarters, picking up after the next iPhone launch.

NEARLY $200 BILLION WIPED OUT

Along with the weaker-than-expected iPhone sales, Apple reported its first drop in revenue in a decade. Sales in China, the company’s most important market after the United States, fell 26 percent.

Apple also forecast another disappointing quarter for sales.

The bad news overshadowed strong results from the company’s growing service business and an increase in share buybacks.

As of Wednesday’s close, nearly $200 billion has been wiped off the value of the world’s most valuable listed company over the past year – almost the equivalent of the market cap of Wal-Mart Stores Inc (WMT.N), the world’s biggest retailer. The stock last closed below $100 in February.

Apple’s disappointing results fit a recent pattern for tech companies. Microsoft Corp (MSFT.O) and Google parent Alphabet Inc (GOOGL.O) came up short of expectations.

Piper Jaffray’s Gene Munster said that while there were few bright spots in Apple’s report, he believed Apple’s shares would rebound in 2016 as iPhone sales start to grow again in the fourth quarter.

Still, there was a bigger question about the iPhone’s longer-term growth and other factors that can drive revenue, he wrote. “That question remains unanswered after the March report.”

(Reporting by Tenzin Pema and Supantha Mukherjee in Bengaluru; Additional reporting by Subrat Patnaik; Editing by Ted Kerr and Robin Paxton)

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