Daily dose of tech news from around the world curated by the Pi team.
Apple’s R&D Spending went up by $1 Billion to $3.4 billion last year: The company released the 10-K it filed with the securities and exchanges commission for the year of 2012. Apple spent $3.4 billion in research and development during its 2012 fiscal year, up $1 billion from 2011. Apple also significantly added to its full-time employee pool, with around 12,400 new hires. Read more here.
Foxconn Profit Surges in Third Quarter: Shares of Hon Hai Precision Industry of Taiwan jumped Wednesday after the main manufacturer of Apple products, posted a sharp increase in quarterly net profit, lifted by Apple’s new products. Hon Hai, also known as Foxconn, the assembler of both the iPhone 5 and the iPad mini, started mass production for the products in late August. The company also provides electronics to other companies, including Cisco, Dell, Nokia and Sony. Read more here.
A Clash Across Europe Over the Value of a Click: Google got rich by selling a simple proposition: The links it provides to other Web sites are worth a lot of money, so much that millions of advertisers are willing to pay the company billions of dollars for them. Now some European newspaper and magazine publishers, frustrated by their inability to make more of their own money from the Web, want to reverse the equation. Google, they say, should pay them for links, because they provide the material on which the Web giant is generating all that revenue. Read more here.
RIM starts testing BB10 with 50 carriers: Bloomberg reports that shares of Blackberry maker Research In Motion Ltd climbed the most in almost a month after saying that wireless carriers had begun lab-testing BlackBerry 10 phones worldwide, a sign the devices are on track for delivery early next year. “In the last week, BlackBerry 10 achieved lab entry with more than 50 carriers — a key step in our preparedness for the launch of BlackBerry 10 in the first quarter of 2013,” Chief Executive Officer Thorsten Heins said in an e-mailed statement. Read here.
Windows 8 witnessing overwhelming response, say Microsoft executives: Across the globe and India as it has reported four million downloads globally and according to Microsoft Corporation India Chairman Bhaskar Pramanik “In India Windows 8 has been very well received — not just in terms of downloads but in terms of foot-falls we have seen in all our stores, all across the country”, read complete post here . From our earlier coverage
Windows 8 for PCs and tablets is available in India from 14 OEM partners – Acer, Asus, Dell, Fujitsu, HCL, Hewlett Packard, Lenovo, RP Infosystems, Sai Info System, Samsung, Sony, Toshiba, Wipro and Zenith Computers on a variety of form factors – from tablets and hybrids to laptops and ultrabooks, on both touch and non-touch devices. Over 250 Windows 8 enabled devices, including 23 completely new SKUs of Windows 8 PCs are available across 100 cities and more than 2500 retail stores.
Citi sets up dedicated desk for USD express wire in India: Citi, a cross border payment provider has announced the extension of its US Dollar Express Wire for Asia services by launching a dedicated desk for express wire in India. Citi’s Express Wire for Asia Service helps streamline the execution of US Dollar payments by sending transactions to the beneficiary bank in Asia expediently. By using Citi’s Express Wire for Asia Program, Citi’s clients have access to a larger network of local and regional clearing channels, with the added ability to request that payments be routed through a specific clearing system, read complete post here