Apple sells its new iPhone handsets at more than double production costs, according to estimates by ISuppli Corp, a technology industry researcher.
The most expensive model, which retails for $599, has component and manufacturing costs of $265.83, El Segundo, California-based ISuppli said on Tuesday on its website. Excluding costs for logistics and royalties, Apple generates margins exceeding 55%, the report said. Jill Tan, a spokeswoman for Apple in Hong Kong, declined to comment on the report.
Read more: Apple iPhone price said to be double its cost
In the brief history of film, advances in technology have from time to time challenged and changed industry models. These advances have wrought their most significant changes on independent sectors of the movie business. In the glory days of the studio system, a parallel or serious rival to that system coming from the independent industry would be unthinkable; the cost and challenge of production and post-production was prohibitive, difficulties of promotion insurmountable. The Internet and many new digital distribution technologies are now starting to remove barriers for the makers and distributors of independent films.
Read more: Independent Films in the Digital Age: A Triumph of Diversity over Scarcity
Microsoft announced on Thursday it expects to spend more than a billion dollars fixing flawed Xbox 360 video game consoles, which have logged "an unacceptable number of repairs."
The blow to Xbox 360's reputation comes as it vies in the marketplace with Sony's languishing PlayStation 3 and Nintendo's coveted Wii consoles, which made their debuts in November of 2006. Microsoft reports it has sold approximately 11.6 million Xbox 360 consoles since its US launch at the end of 2005.
Read more: Defective Xbox 360 costs Microsoft $1billion
Avril Lavigne may be going through an ugly breakup with her hit song “Girlfriend” if songwriters Tommy Dunbar and James Gangwer have their way. According to a lawsuit filed in U.S. District Court the pair claim that Lavigne lifted the song from a 1979 tune, “I Wanna Be Your Boyfriend,” they penned.
Read more: Avril Lavigne Facing Lawsuit for Ripping Off “Girlfriend”
Beyonce Knowles rushed to a St Louis, Missouri hospital as soon as her concert in the city finished on Sunday night - to check up on two fans injured during the gig.
Kind-hearted Knowles was concerned when two fans in the front row suffered minor injuries due to a pyrotechnics malfunction early on during her performance at the Scottrade Center.
Read more: Beyonce Knowles visits injured fans in hospital
USA Today kept people waiting a few minutes past 2 p.m., the time the announcement was scheduled. With the announcement made, reaction is already coming in.
Patty Chaffee, vice president of the Springfield Regional Chamber of Commerce is quoted in the announcement that Springfield, Vt., will host the premier of "The Simpsons Movie."
Read more: Real Simpsons home is Springfield in Vermont