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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.

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Yap.TV tunes Internet Age viewing for the world
San Francisco (AFP) Aug 20, 2012 - San Francisco startup Yap.TV on Monday went international with a hit service that helps people mine gems from junk in the growing mountain of shows, films and videos.

Versions of Yap.TV software released in the United States early last year for Apple iPad, iPhone, and iPod touch devices have been customized for 19 more countries and in four languages other than English.

Applications for smartphones or tablets powered by Android software were in the works and expected to be ready in a matter of months.

Yap.TV lets show watchers engage in real time on Twitter, Facebook or the firm's own social network, essentially tapping into friends or others with similar interests to find programs or films likely to please.

Yap.TV blended input from friends and show fans with programming data to enable users to not only have conversations around shows they like but to be directed to new options by viewers with similar interests.

"It starts with discovery, which is why a guide became such a big part of this," Yap.TV co-founder Shawn Patrick told AFP.

"No one has ever created a worldwide social television guide," he continued. "We are the new front-end to TV."

Yap.TV mated the television program guide with the Twitter stream, Facebook and other social networks to let people see what shows people are talking about and join in the conversation along with the viewing.

Yap.TV backers include Javelin Venture Partners and Blumberg Capital, and Apple co-founder Steve Wozniak is an advisor to the startup.

Patrick, 44, spoke of being enthralled by the Kwai Chang Caine character in the US television series "Kung Fu" as a young boy and imagining as a child that he would grow up to become "Batman."

"Media content is escapism; these stories are powerful talismans," Patrick said. "We bring people together around the content they love."

"We want people to get shows they want without having to dumbly navigate through 900 channels," he continued. "It is a nightmare menu with no way to know what is garbage without insight -- that is where social media comes in."

More than 600,000 people have taken to using Yap.TV since it launched early last year and the website has gotten visits from every country except two in Africa.

"Nearly everybody on this rock invests time consumer television content," Patrick said. "This creates a better way."

The list of countries where free Yap.TV applications are available includes Brazil, Britain, Canada, France, Germany and Italy.



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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


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