Subscribe free to our newsletters via your
. 24/7 Space News .




TECH SPACE
Apple is most valuable company ever at $623 bn
by Staff Writers
New York (AFP) Aug 20, 2012


Britain and Ireland tuning into Netflix
San Francisco (AFP) Aug 20, 2012 - Netflix on Monday announced that one million people in Britain and Ireland signed up for the film and TV show streaming Internet service in the seven months after its debut there.

California-based Netflix boasted that it was the fastest adoption rate it has seen in any territory, outpacing by several times the speed with which it took Twitter or Facebook to hit that user mark globally.

"This membership milestone is evidence that Netflix has rapidly gained popularity in (Britain) and Ireland," said Netflix chief executive Reed Hastings.

"Our British and Irish members clearly enjoy the ability to instantly watch a large variety of TV shows and films streaming from Netflix on their favorite devices whenever they want."

Comedy and drama were reported to be the most popular genres among Netflix viewers in Britain and Ireland, with Sunday nights proving the most popular time of the week for tuning in.

A survey commissioned by Netflix indicated that 10 percent of the British population devotes two or more hours daily watching TV shows delivered through the Internet.

"Consumers are beginning to spend more time enjoying entertainment services online, streaming TV and film, and this trend is only growing," Pollyanna Woodward of British technology television program The Gadget Show said in a Netflix release.

Netflix last week last week revealed plans to launch film streaming services in Denmark, Finland, Norway and Sweden by the end of the year.

Netflix was launched in the United States in 1999 and has expanded to Britain, Canada and Latin America over the past two years.

Apple on Monday dethroned longtime rival Microsoft as the most valuable company in history based on the value of its stock, which climbed to around $623.51 billion.

Apple's stock began a steady rise late last week and hit a new high of $665.15 a share when the Nasdaq exchange closed amid rumors the tech giant is poised to release new versions of iPhone, iPad, and Apple TV devices.

Apple shares inched up further in after-hours trading.

Apple topped the record of nearly $619 billion set by software titan Microsoft in 1999, during the famed dot-com boom years.

"The record set today will continue to add positive sentiment to the stock, especially as we get closer to the end of the year," said Wedbush Morgan Securities analyst Michael James.

"More portfolio managers are going to need to have an Apple."

Apple shares began a rapid ascent on Friday after Jefferies investment bank analyst Peter Misek predicted the stock will hit $900 and predicted that the arrival of the iPhone 5 "will be the biggest handset launch in history."

Jefferies reasoned that Apple is positioned to take a significant portion of the profit to be generated by hot trends in smartphones, tablet computers, and gadgets linking to the Internet on latest-generation 4G networks.

The Internet has been abuzz with unconfirmed reports that Apple will introduce a new iPhone, perhaps with a larger screen, at a press event in September.

The Cupertino, California-based company is also believed to be readying a smaller version of its market-ruling iPad, and a revamped Apple TV box, referred to unofficially as "iTV," that routes video or programming to televisions.

"We believe the iTV is in full production," Misek said.

The surge in Apple's stock price demonstrated that investors are confident that the next generation of gadgets from the culture-changing company will impress anew, according to James.

"Expectations that there is going to be an upcoming products cycle with iPad-mini, the new iPhone, and further penetration into China; all of these have people expecting good things to come in the short term from Apple," James said.

Investors also see promise in hot new Apple gadgets hitting the market in time for year-end holiday shopping, when the company's products typically shine.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Apple stock hits new high on gadget rumors
New York (AFP) Aug 17, 2012
Apple's stock price leaped to a new high on Friday amid rumors the tech giant is poised to hit the market with new versions of iPhone, iPad, and Apple TV devices. Shares rose nearly two percent to $648.11 by the end of the formal trading day on the Nasdaq exchange, buoyed by a Jefferies investment bank analyst advising clients that the price could climb to $900. The share price inched up ... read more


TECH SPACE
LRO Spectrometer Detects Helium in Moon's Atmosphere

NASA's 'Mighty Eagle' Robotic Prototype Lander Flies Again at Marshall

Roscosmos Announces Tender for Moon Rocket Design

US flags still on the moon, except one: NASA

TECH SPACE
NASA wants to measure 'Marsquakes'

Opportunity is on the Move Again

How a Mars Sample Return Mission Can Go Electric

Curiosity Finds Humor on Mars

TECH SPACE
XCOR Becomes Corporate Sponsor of Uwingu, a Space Apps Company

Florida Spaceport Stakes Claim to Commercial Missions

Dutch reality show to offer one-way tickets to Mars

NASA, Louisiana Officials Renew Partnership With National Center For Advanced Manufacturing

TECH SPACE
Hong Kong people share joy of China's manned space program

China's Long March-5 carrier rocket engine undergoes testing

China to land first moon probe next year

China launches Third satellite in its global data relay network

TECH SPACE
ATV-3 Vehicle Fails to Adjust Space Station Orbit

ISS crew to embark on two spacewalks in August

New Way of Turning Station Offers Fuel Savings on Orbit

Microgravity Science Glovebox Marks Anniversary with 'Hands' on the Future

TECH SPACE
India's GSAT-10 satellite continues its checkout for the upcoming Arianespace Ariane 5 mission

Flight Readiness Review Complete; No Constraints to Aug. 23 Launch

Pre launch verifications are underway for next Soyuz mission

GSAT-10 "spreads its wings" in preparation for Arianespace's next Ariane 5 launch

TECH SPACE
Exoplanet hosting stars give further insights on planet formation

Five Potential Habitable Exoplanets Now

RIT Leads Development of Next-generation Infrared Detectors

UCF Discovers Exoplanet Neighbor

TECH SPACE
Good vibrations

Britain and Ireland tuning into Netflix

Apple is most valuable company ever at $623 bn

Micro-thruster could move small satellites




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement