Peter Oppenheimer, Apple's long-time Chief Financial Officer, will be retiring in September. He will be succeeded by VP of Finance and Corporate Controller Luca Maestri, TechCrunch reported.
Consumer Electronics
Samsung donates $3M to Ellen DeGeneres chosen charities because Oscar selfie retweeted photo success
Samsung will be $1.5 million each to two charities chosen by host Ellen DeGeneres after getting pleased with the results of her popular selfie taken with Samsung's Galaxy Note, TechCrunch reported.
US stock photo agency Shutterstock to acquire WebDAM
New York, US-based stock photography agency Shutterstock is acquiring San Mateo, California-based digital asset management software maker WebDAM for an undisclosed amount to widen its market reach.
Intel said to have acquired wristwatch maker Basis
Sources told tech news website TechCrunch that Basis Health Tracker Watch maker Basis Science has been bought by Intel for anywhere from $100 million to $150 million.
Apple Inc gets hundreds of new engineers from rival firms on board to hasten product development in Asia
In its quest to develop products faster and introduce more devices to the market faster, Apple Inc has hired new engineers from rival firms like HTC to beef up its team in Asia, The Wall Street Journal reported.
Latest News
Texas, US-based electronics retail franchise chain RadioShack announced the closure of 1,100 out of its 4,000 stores across the US in a bid to save the company after a massive revenue loss over the holidays.
Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.
Cupertino, US-based tech giant Apple launched its new CarPlay feature for safer in-car iPhone use, which will be integrated first into Ferrari, Mercedes-Benz, and Volvo vehicles.
Penzance, UK-based firm Acoustic Stream launched a $50,000 crowdfunding campaign via Kickstarter to develop a 4-in-1 device that allows guitarists to tune their guitar, and record, stream, and share their performances to the world.
Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company's annual meeting on Friday.
California, US-based electronics giant Apple is currently working on a software update that will improve the fingerprint recognition ability of its Touch ID system, based on a report by AppleInsider citing a source familiar with the situation.
Ariel Garten, the Co-Founder and Chief Executive Officer of InteraXon, belied rumors that Google Co-Founder Sergey Brin made her an offer to purchase the startup.
E-cig maker NJOY secured $70 million from Brookside Capital and Morgan Stanley Investment Management in a private round, The New York Times The Dealook reported.
Apple Chief Executive Officer Tim Cook told investors that its television business sold more than $1 billion TV set-top boxes last year, the Financial Times reported.
