October 17th, 2011
03:39 AM GMT
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New York (CNN) – Can Apple make you rich? That is what John Vons hopes.

An architect by professional, Vons was laid off three years ago. Frustrated and running out of options Vons decided he needed to reinvent himself.  Inspired by the design and popularity of Apple's products, Vons created an iPhone accessory he calls the yofo.  It is a small suction device that allows you to cradle the iphone on your shoulder or stick it on a surface to more easily watch content.

As he and his partner, Genie, made the rounds to secure funding, the feedback was good, but would-be backers shied away due to the shaky economy.   A friend finally came up with enough to pay for the first batch, but there is little left over for marketing.

October 13th, 2011
05:18 AM GMT
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Sydney, Australia (CNN) – In the latest maneuver in the smartphone wars, Samsung is offering its latest Galaxy S II smartphone for a token $2 to the first 10 people in line each morning at a temporary store just steps away the Apple flagship store in Sydney.

Normally priced at $850, the deep discount attracted some young buyers to camp out three or four nights to snatch the phone. "We calculated that the amount of money we are saving ... makes it equivalent to being paid $15 an hour just to loaf around for four days,” one person waiting for a phone told CNN.

“Apple gives no discounts on the iPhone, so honestly I’m not sure why you would line up to pay full price for a phone that’s not as good as a Samsung,” said James Constantine, who bought a $2 phone after waiting outside for three days.

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Filed under: AppleQuest Means BusinessTechnology

September 20th, 2011
07:54 AM GMT
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(CNN) – The news that Italy, the eurozone's third largest economy, was downgraded by credit ratings agency Standard & Poor’s dealt another blow to hopes of a sustained market recovery Tuesday.

The second paragraph of S&P’s report on the downgrade speaks volumes about the debt-laden tumult spreading across developed economies:

“In our view, Italy's economic growth prospects are weakening and we expect that Italy's fragile governing coalition and policy differences within parliament will continue to limit the government's ability to respond decisively to domestic and external macroeconomic challenges.”

It’s a script torn from the same page as the U.S. – the gold standard of debt worthiness – when it watched its debt rating reduced by S&P in August ,  as partisan brinkmanship put Washington near the edge of defaulting on its credit card bill.

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Filed under: AppleAsiaChinaEuropean UnionGreece

September 19th, 2011
06:25 AM GMT
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Hong Kong (CNN) – When you think of buying a tablet computer, what brand comes to mind?

Well, if a soft-white, backlit Apple logo popped into your noggin, you wouldn’t be alone. In fact, a recent consumer survey shows a whopping 85% of consumers first think of the Cupertino-based company before other competitors.

Just 4% of consumers surveyed first envisioned Samsung’s Galaxy in their hand, according to a survey from Change Wave Research. A mere 2% first imagined buying RIM’s Playbook over other brands.

When comparing operating systems, nearly seven of every 10 tablets sold between April and June of this year were Apple iPads, according to IDC, a London-based research firm.  In percentage terms, that was a rise from 65.7% in the first quarter to 68.3% in the second quarter.

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Filed under: AppleAsiaBusinessTechnology

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