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Foursquare Rolls Out Its First Big Money-Making Feature: 'Promoted Updates'
Jul 25, 4:00AM
Foursquare has revamped the experience of its app from the perspective of its users on both the consumer and merchant side. And on Wednesday, the company is pulling back the curtains on a long-awaited feature for all Foursquare watchers: Revenue generation. Foursquare is announcing today the pilot launch of "promoted updates," which will let companies issue messages about deals or available products to Foursquare users.Facebook Opens First International Engineering Office In London
Jul 25, 1:30AM
Facebook announced today that they have opened a London engineering office, adding to their Menlo Park, New York and Seattle engineering offices. The company has 22 open positions at the new office. Facebook says it has engineers scattered at its other numerous U.S. and foreign offices, but this is the first official international engineering office.Coming Soon (Well, Maybe): All Those Tweets You Wrote
Jul 25, 12:39AM
Twitter CEO Dick Costolo told The New York Times that users will soon be able to access and download all of their old tweets. Twitter currently only lets users browse back through a few thousand of their old tweets. How soon? Costolo declined to give a timeline.The Onion Totally Hearts TechCrunch
Jul 25, 12:33AM
You guys! You guys! TechCrunch totally got mentioned in The Onion! It's been a pretty one-sided relationship until now, with the fabled satirical newspaper remaining aloof despite several overtures on our end. It's almost like The Onion staff thought it was totally cooler than us.With Apple's Numbers, Timing Is Everything
Jul 25, 12:32AM
Time to panic. Apple has produced another "miss" with their just-released Q3 2012 results. It's their second such "miss" in less than a year. The sky is falling. Sell — Wall Street already is. Run. Well, unless you're a rational human being. Then maybe walk. Or stop. Look. And listen. Why did Apple produce another miss this past quarter? It's pretty straightforward, actually. They didn't sell as many iPhones or as many Macs as most analysts were projecting. That's important to note — Apple didn't miss with regard to their own projections, they missed Wall Street's projections. (The same thing happened last year, more on that below.)Google Cloud Platform Program Shows Drive To Take Business From IT Giants
Jul 25, 12:29AM
Google has a new cloud partner program that shows the company's drive to go after old IT. In a blog post today, Google provided some details about it with a link to a list of the technology and service providers that are part of the program.EA Mobile Moves: IronMonkey & Firemint Merge Into "Firemonkeys," Now Have 50M Players Between
Jul 25, 12:02AM
Electronic Arts announced today that it is merging two top mobile game studios, IronMonkey and Firemint, which will fittingly combine to create a new company, called Firemonkeys. (All parties are awarded 50 points for the awesome portmanteau.) For those unfamiliar, IronMonkey is probably best known for adapting popular EA titles to mobile, like Mass Effect Infiltrator, Dead Space, and The Sims FreePlay. Freemint, meanwhile, has produced a number of its own popular games, including Flight Control, Real Racing, and SPY Mouse -- to name a few. Both studios are currently subsidiaries of the gaming giant, which acquired IronMonkey in early 2010 and Firemint in May 2011.If You Don't Think You Need It, You Haven't Seen Greatness
Jul 24, 11:06PM
Editor's note: Joe Kraus is a partner at Google Ventures, focusing on mobile, gaming, and local services. In 1993, he co-founded Excite.com, an early Internet search engine. He also co-founded JotSpot in 2004, a wiki company acquired by Google in 2006. Follow him on his blog, JoeKraus.com, and on Twitter: @jkraus. One thing I can hear with some regularity from a small founding team is something like "we don't think we need a marketing person" or "we're not going to hire a product manager". Those aren't the only positions I hear that statement for. I hear it for PR, marketing, HR and sometimes BD.Apple's Feeling Europe's Economic Crisis: 'Essentially Flat' Sales And A 'Slowdown' In Business, Says Cook
Jul 24, 11:01PM
Apple often gets a lot of love in Europe, but in the last quarter that wasn't enough to help it against the tide of economic woe hitting the region. In today's Q3 earnings call, CEO Tim Cook described sales in the region as "essentially flat to slightly positive" -- and, not unlike the wider macro-economy, "that really hampered our total results." Specifically, he noted that France, Greece and Italy were "particularly poor", and Germany saw "only single digital positive growth." Interestingly, the UK seemed immune to this situation and posted a "solid" 13 percent growth rate.Apple Shipped 1.3M Apple TVs In Q3 2012, Still Calls It A Hobby
Jul 24, 9:56PM
"We are not going to keep products around we don't believe in," said Apple CEO Tim Cook in regards to the Apple TV on today's earnings call. He also stated that Apple still considers the product a hobby although Apple keeps at the project because they stated "it will lead us [Apple] somewhere." Apple is very happy with Apple TV's growth. The company shipped around 4 million so far during this fiscal year with 1.3 million units over the third quarter -- not so bad for a hobby.CEO Cook On China In Q3: Apple Had $5.7B In Sales, Still Growing At 'Incredible' Rate
Jul 24, 9:42PM
Apple today noted in its earnings call for Q3 that two-thirds of its Asia Pacific revenue is coming from Greater China at the moment. CEO Tim Cook noted that revenues in the country were $5.7 billion for the quarter, 48 percent increase on last year, and still growing at an "incredible rate." To date Apple's revenues in China for the year now total $12.4 billion. In 2011 the company made $13.3 billion in China. Nevertheless, Asia Pacific was actually the only region where Apple saw declines in hardware sales in Macs. These were down to 593,000 units, four percent year on year in terms of Mac units. They also increased of 25 percent in terms of revenue to $7.887 billion. But that's down from growth last quarter of 100 percent.Apple Q3 Earnings: Apple Now Has Over $117 Billion In Cash Reserves
Jul 24, 9:27PM
Apple closed its record June quarter with $117 billion in cash reserves, up from $110 billion last quarter. Crediting strong sales of almost all products as well as an improved economy. Asia-Pacific growth increased 25% this quarter (down from 100% last quarter), 2/3s of which came from China.Apple App Store Hits 650,000 Apps: 250,000 Designed For iPad, $5.5B Paid Out To Devs
Jul 24, 9:26PM
On its Q3 earnings call, Apple announced that there are over 650,000 apps on the Apple App Store, up from 600K in April of this year. Apple exec Peter Oppenheimer also mentioned that 250,000 of those apps were developed specifically for iPad. Perhaps more importantly to you hungry entrepreneurs, Apple paid out approximately $5.5 billion to developers. This is a huge jump from the $4 billion figure Apple reported in April.Facebook Open Graph Leader Leaves: Director Of Product Management Carl Sjogreen Plots Next Adventure
Jul 24, 9:25PM
Facebook's acq-hiring like crazy and retaining plenty of top talent, but today marks another post-IPO departure as Director of Product Management Carl Sjogreen told friends that he's heading out to take some family time and "plot my next adventure". However, he tells me there's "no concrete ideas yet". Sjogreen's exit follows director of corporate communications Barry Schnitt taking the top comms and public policy role at Pinterest, and CTO Bret Taylor leaving to found a new startup. Many suspected the social network's IPO was designed to give liquidity to long-time employees, but it seems the pull of fresh challenges is outweighing high salaries and extra stock grants for some Facebookers.Apple Retail: 372 Stores, 123 Of Them Outside The U.S. $4.1B In Sales In Q3
Jul 24, 9:24PM
In today's Q3 earnings, Apple noted some strong increases in its retail operations, amid some other pressures in overall sales and numbers. Retail sales were up three percent in terms of Mac units, to 791,000 units, and $4.084 billion in revenue. That was a rise of three percent in terms of units, and 17 percent in revenue compared to the same quarter a year ago. In the conference call, CFO Peter Oppenheimer noted that half of the sales in retail were to people who had never owned a mac before.Apple Now Has 150 Million iCloud Users
Jul 24, 9:17PM
During Apple's Q3 earnings call today, the company's CFO Peter Oppenheimer announced that Apple now has 150 Million iCloud users. That's up from 125 million users the company cited in its last quarterly earnings call in April. As Apple announced at its annual developer conference earlier this year, iCloud will be tightly integrated into Mountain Lion, the next version of OS X that's scheduled to launch tomorrow. Apple sold 26 million iPhones and 17 million iPads in the last quarter, which surely helped to push the number of iCloud users up as well, though the growth in iCloud users is obviously lagging behind the overall growth in the iPhone and iPad ecosystem.Despite Slower-Than-Expected Subscriber Growth, Netflix Pushes Forward With International Plans
Jul 24, 8:51PM
Netflix announced that it returned to profitability in the second quarter, after a slight dip into the red during the prior three-month period. But despite slower-than-expected subscriber growth, the company said it is committed to pushing forward into a new market in the fourth quarter. Netflix added almost 600,000 international streaming customers in the second quarter, ending with 3.6 million outside the U.S. But that's lower than its forecast from the first quarter. Nevertheless, Netflix remains committed to adding an additional market by year-end, which is expected to push it into the red again.Apple To Release Mountain Lion On July 25
Jul 24, 8:51PM
According to Apple's Q3 filing, OS X Mountain Lion will be released to the public tomorrow, July 25. The OS improves on the current version, Lion, by adding iOS-like notifications as well as improvements like Game Center and tweaks to the Mail app. Apple CEO Tim Cook wrote: "We're thrilled with record sales of 17 million iPads in the June quarter. We've also just updated the entire MacBook line, will release Mountain Lion tomorrow and will be launching iOS 6 this Fall. We are also really looking forward to the amazing new products we've got in the pipeline."Netflix Leadership Open To Working With HBO GO, Unthreatened By Verizon Redbox
Jul 24, 8:41PM
Buried a few pages into the Netflix earnings report was an open door to a very interesting possibility: Netflix and HBO GO collaboration. "As for HBO, they continue to do great work with HBO GO, which is now available to most US households that subscribe to the premium service," the report read. "While we compete for content and viewing time with HBO, it is also possible we will find opportunities to work together – just as we do with other networks." Now, this is a far cry from announcing a partnership, but it would be a game-changing collaboration if it happened.Apple Reports Disappointing Mac Sales Despite Retina MacBook Release: 4 Million Units Sold In Q3 2012
Jul 24, 8:35PM
Analysts have been sharply divided in providing estimates for Apple's third quarter earnings report. And it would appear that this time, predictions of a mild third quarter were correct. Apple saw a bit of a plateau in Mac sales, with 4 million Macs, 26 million iPhones, and 17 million iPads sold in Q3 2012. That's compared to last quarter's sales of 4 million Macs, 35.1 million iPhones, and 11.8 million iPads. The main question was whether or not Apple's MacBook Pro Retina would pick up declining Mac sales. As you can see from the numbers, it appears that 5.1 million pixels does not a spike in sales make, as this represents only a 2 percent increase in sales over the year-ago quarter. At the same time, the Retina MBP was only available for a short portion of the quarter being reported, so it's possible we'll see a spike in Q4.If at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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