Made For The World. Built And Designed In China.
For years, the iPhone has carried a small etching on the back that says ‘Designed by Apple in California. Assembled in China.’ It’s fueled the stereotype that China is the world’s factory, but hasn’t had a flexible enough education system to produce R&D talent that can also design world-class products for a global audience. But that’s a stereotype that isn’t exactly true anymore. A small group of companies — both small, bootstrapped app startups and multi-billion dollar giants like Tencent — are showing that they can design apps or higher-end hardware with international appeal. Tencent, one of the country’s gargantuan Internet powers with a market cap of $72 billion dollars, often likes to point out the international reach of its messaging app Weixin or WeChat. That app has blossomed to more than 190 million monthly active users over the past year and with about 40 million of registered users outside of China. “I’m very glad to see the internationalization of Tencent,” ...
WWDC Sells Out In 2 Minutes; Ticket On eBay 45 Minutes Later
alphadogg writes "The Apple Worldwide Developers Conference sold out in just two minutes today, blowing away last year's record of two hours. Tickets went on sale today at 10 a.m. PDT, as was announced yesterday, when Apple said its event would be held June 10-14 at Moscone West in San Francisco. Apple WWDC runs neck-and-neck with the annual Google I/O event in the race for hottest tech show. The Google event, slated for May 15-17 at Moscone Center, sold out in 45 minutes this year. While transferring tickets for WWDC is generally not allowed, an ambitious eBay seller is attempting to get $10K for the $1,600 ticket."
Tickets For Apple's WWDC 2013 Sell Out In Under 2 Minutes, Compared To 2 Hours In 2012
Tickets for Apple's annual Worldwide Developer's Conference went on sale today at 10 AM Pacific, 1 PM Eastern, and as expected, sold out in record time, at just under 2 minutes. Tickets for the developer-focused event at San Francisco's Moscone West, which features presentations and one-on-one time with Apple's own in-house engineers, sold out in just two hours in 2012, in under 12 hours in 2011, and in eight days in 2010.
Confirmed: Red-Hot Gaming Startup Supercell Raised $130M, Made $179M Last Quarter
Last month, we posted a bit of a rumor: that Finland’s Supercell — likely the most lucrative iOS gaming company in the world — had raised about $100 million in funding in a round led by Index Ventures, Atomico Partners and Institutional Venture Partners. Now we have confirmation today that the deal did happen, according to a flashy Forbes feature. The tiny Helsinki-based company, which is about 100-people strong, did in fact raise $130 million on a $770 million valuation from Index, Atomico and IVP. Like we said, the round was secondary: all shareholders, including early investor Accel Partners, sold 16.7 percent of their holdings in the company to the newer investors. Index took $52.5 million of the round. Not only that, Supercell shared some revenue figures, (and holy crap, are they bigger than I thought they would be). Last quarter, Supercell made $179 million and netted $104 million of that after expenses and Apple’s 30 percent cut. Last year, they grossed $100 million. Today, ...
Gillmor Gang: Gangnam Style
The Gillmor Gang — John Taschek, Robert Scoble, John Borthwick, and Steve Gillmor — went bicoastal with @stevegillmor at @borthwick's Betaworks Studios in New York City. @scobleizer and @jtaschek held down the West Coast as it threatened to float away in Googlemania. With a touch Chromebook and a Google Glasses video surfacing, at least half the Gang is predicting Apple is in trouble. Certainly the Googlers get network while a Tim Cooked Apple gets supply chain, but who's to say (Scoble) that the fun ride is over for ownership of innovation. I think not, fascinated as I am with the amazing platform being nurtured around the iPad Mini and what it augurs for Apple's move to the streaming cloud.