Editor's note: Victor Basta is the MD of Magister Advisors, an M&A advisory firm to the technology industry. The firm has worked on 16 transactions since it was founded three years ago, including the sale of C3 to Apple for $250 million and LoveFILM's $320m exit to Amazon. Below is his view on Apple's future.
After last week’s earnings, it is even clearer that Apple is not the company you think it is. Its future value will not be as a hardware designer and innovator. It will more likely be as a great software and services business, underpinned by the everyday actions of the hundreds of millions of credit card-enabled users subscribed to the iTunes store. FULL POST
(CNN) – Silicon Valley veteran Ivan Nikkhoo gives his take on what the decline in PC sales means for tech sector.
(CNN) – Two videos were unleashed in recent days driven by social media campaigns. Korean rapper PSY released “Gentleman,” his long-awaited follow-up to “Gangnam Style.”
More controversial is the release of “Ding Dong,” from “The Wizard of Oz,” sent into the charts as an irreverent response to the death of Margaret Thatcher, which was fuelled by a Facebook campaign.
Anthony Decurtis, contributing editor Rolling Stone, talks to CNN about viral videos and what makes something go 'viral.'
(CNN) – Julia Coronado of BNP Paribas says it's clear that bailout concerns stretch far beyond Cyprus. “The numbers out of Cyprus in and of themselves are not that large … but it’s a reminder of the ongoing issues that are yet to be resolved, and how complicated these issues are,” she tells CNN. “The road stretches long before us, and that’s a worry.”
(CNN) – Bitcoins got a boost in popularity on the heels of the crisis in Cyprus, where people had little access to traditional banking. But as awareness of the digital money grows, so does the volatility.
CNN's Maggie Lake looks at New York bar that is trying to raise the awareness of a currency called bitcoins.
(CNN) – Former Australian Prime Minister Kevin Rudd says China will begin to revise its future policy on North Korea.
Rudd outlines three reasons for this shift including North Korea’s nuclear weapons program aggravating regional U.S. allies; the potential for an escalating conflict should North Korea attack South Korea; and the damage to China’s foreign reputation as a supporter of the regime.
Rudd adds that China faces huge challenges in transforming its domestic economic growth model to meet the workforce demands for higher wages and living standards.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.