Apple’s stock took a temporary 10-point hit this morning after a false report surfaced on CNN’s iReport that Steve Jobs had a heart attack. The report has been removed, but only after Silicon Alley Insider and others confirmed with Apple that Jobs did not have a heart attack. SIA captured the original report:
Steve Jobs was rushed to the ER just a few hours ago after suffering a major heart attack. I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath. My source has opted to remain anonymous, but he is quite reliable. I haven’t seen anything about this anywhere else yet, and as of right now, I have no further information, so I thought this would be a good place to start. If anyone else has more information, please share it.
Was this just a short seller trying to make a quick buck, or someone trying to see how fast and far they could spread a false rumor? And what does it say about the value of citizen journalists?
CNN’s iReport site lets anyone put up posts and videos about the news. Its tagline is “Unedited. Unfiltered. News.” Sometimes these reports get on CNN proper (presumably, after being vetted). But as this incident shows even the an unvetted report carries more weight than if it had appeared on Twitter or a random blog because it is on a CNN site. And that may be purely because it gets distributed more broadly.
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Posted in Apple, General | 2 Comments »
Nokia wants some of Apple’s rhythm. On July 1 the Finnish mobile-phone maker said that Warner Music Group has agreed to participate in Nokia’s fledgling music service, making Warner the third of the major record labels to join in the effort. The move is one more step in Nokia’s effort to compete against Apple for the people who want to carry around music libraries in their pockets.
Nokia’s service, which will officially launch in the second half of this year, is called Comes With Music. It will be built into certain Nokia handsets and will allow customers to download unlimited amounts of music from participating labels. The downloaded music can be kept on a PC or mobile-phone forever. In theory, a consumer could download every single song from the labels’ catalogs; they’d simply need a very big hard drive on which to store the files. Nokia and its partners have not disclosed pricing for the service, but they believe it has plenty of potential. “We believe this will be a significant contributor of revenue over a long-term basis for Nokia,” says Liz Schimel, global head of music for Nokia.
(Almost) All Aboard
The record labels seem to be buying that argument. Universal Music Group in December signed up with Nokia, and Sony BMG Music Entertainment partnered with the service in April. A spokesperson for EMI Group, the sole major label yet to join, says the company is talking with Nokia, although no deal has been reached. Nokia says it is in talks with independent labels as well.
For the music industry, the Nokia venture represents a departure from the old ways of doing business. Susan Kevorkian, program director of consumer markets at research firm IDC, says there is “broader experimentation” as CD sales decline and music revenues slide overall. For record companies, it may make sense to look for new ways to sell the work of their artists. Ringtones, for example, have become a multibillion-dollar business in only a few years. “We have a long-term sustainable business for Nokia, the music industry, and the artists,” says Schimel.
It’s hard to evaluate the service before pricing and other specifics are known. Nokia remained tight-lipped about the details of Comes With Music as it unveiled the Warner Music partnership. But Apple has said that it makes little money on music sales through its iTunes store, instead generating profits from sales of iPods and other hardware. Will the music business for Nokia and its partners also be of marginal financial benefit? Schimel says such comparisons are off-base. “We feel it is apples and oranges,” she says. “We are offering a structure that will attract new customers and new revenues.”
Will It Pay?
Some analysts are skeptical that Comes With Music will help Nokia attract new customers for its mobile phones. James McQuivey, a principle analyst at Forrester Research says, “There won’t be the same rush to buy Nokia phones” as there is for iPhones. Apple is expected to sell 10 million iPhones by yearend. McQuivey guesses that at most Nokia could sell between 2 million and 4 million handsets in the year following Comes With Music’s launch. The amount of revenue the company earns from downloads will depend on how much Nokia intends to charge consumers. But it is sure to be insignificant at a company that made $10.6 billion last year on sales of $75 billion.
IDC’s Kevorkian sees this as part of a bigger move by Nokia and the music industry. “It is a slim revenue margin, but it makes sense as part of a volume play for Nokia, who is in the midst of transition,” she says. Kevorkian sees Comes With Music as fitting into Nokia’s Ovi service, a broad effort to sell services to mobile-phone users.
Still, McQuivey thinks Nokia and its partners may find few takers for the new music service. He argues that music enthusiasts won’t be satisfied with a phone that’s merely adequate for listening to tunes, while other people won’t be willing to pay money for such music services. He says it’s a lot like digital cameras. Some people use their phone as a digital camera, but people taking lots of photos will generally purchase a separate, higher-quality digital camera. “It’s a mismatch in market opportunity,” says McQuivey.
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Posted in Apple, Hardware, Music | No Comments »
Most of today’s web sites and web applications are built using the JavaScript scripting language. Some may say that a trend towards the fine-tuning of JavaScript interpreters in modern browsers was just a matter of time since any such optimization translates into performance gains. Mozilla recently launched the browser speed race with Firefox 3, which delivers more speed than any other previous Firefox version. Apple answered with Safari 4, claiming the browser’s JavaScript engine has been accelerated by 53%. Welcome to the browser speed race.
Safari 4 has just been seeded to the developers at Apple’s developer conference. The manufacturer claims that the software has a 53% faster JavaScript engine than the preceding and current version 3.1 (based on the SunSpider JavaScript Performance test conducted on iMac with an Intel Core 2 Duo processor at 2.8 GHz, with 2 GB of RAM and running under Mac OS X Snow Leopard.) Although Firefox 3 RC3 was the first to deliver significant JavaScript performance improvement, Apple apparently is exceeding those gains with Safari 4.
Apple uses a new and improved JavaScript interpreter code-named SquirrelFish, which is provided on an open-source basis from the WebKit project, the same organization that makes the open-source engine used by Safari to render web pages. According to the WebKit project, the SquirrelFish engine is 1.6 times faster than the JavaScript engine in Safari 3.1.
SquirrelFish does its magic by turning JavaScript script into so-called bytecodes, an optimized code much more suitable for run-time execution than natural language-based JavaScript commands, which are longer and more complicated to interpret – and therefore are slower.
Why JavaScript performance matters
Most today’s web applications and web 2.0 sites rely on the JavaScript scripting language originally created by current Mozilla CTO Brendan Eich while he was employed by Netscape. JavaScript acts as glue that connects a user interface rendered in a web browser with a database and programming logic running in a web server. The browser’s JavaScript engine is solely responsible for interpreting and executing JavaScript commands embedded in HTML code. As a result, a browser’s JavaScript engine performance is directly related to the performance and responsiveness of a web application, contributing to an improved user experience.
The fact that many applications grow in size and become more bloated with each release means that a browser that can run web applications faster and make user interfaces more responsive on any computer is actually a big deal. You don’t have to have any specific market forecasting talent to predict that this trend may be impacting browser market shares: Speed can directly translate into more usability for most of us. Clearly, JavaScript handling is on its way to become a powerful weapon in the browser market.
SpiderMonkey, SquirrelFish, Tamarin and more
Mozilla was the first to introduce significant speed gains with Firefox 3 beta 5 (the final version is expected to ship by mid-June). Firefox has its Gecko engine to render web pages, which is generally considered to be slightly slower than Safari’s WebKit – which is largely responsible for the “fastest browser in the world” status Safari enjoys. Firefox’ JavaScript implementation is based on Mozilla’s own and decade old SpiderMonkey technology, which many considered to be the fastest JavaScript interpreter until SquirrelFish came out.
Although in beta, Firefox 3 scored with many reviewers who are praising the browser’s performance improvements, with WSJ’s Walt Mossberg declaring the browser a “winner.” But now that the SquirrelFish/Safari combination appears to be offsetting the speed gains in Firefox 3 and may set a new benchmark, we can expect more direct competition between Mozilla and Apple. Mozilla has plans to expand SpiderMonkey with Adobe’s JavaScript engine called Tamarin, included in Flash 9, which has a so-called “tracing” feature designed to enable faster code execution. However, the SunSpider JavaScript benchmark claims that SquirrelFish is at least 1.9 times faster than Tamarin.
Mozilla plans to wedge Tamarin into Firefox and match the API’s of both technologies “There are areas in which SpiderMonkey is faster than Tamarin and areas where it’s not. We’re looking to build hybrids that are best-of-breed for both worlds and we’re going to pull those into the Firefox release when ready,” Mozilla co-founder Mike Shaver recently said.
Can IE8 compete?
The big variable in this game is Microsoft’s Internet Explorer 8, currently in beta 1 phase. IE8 is expected to deliver speed gains in JavaScript performance as well. However, Microsoft is facing a tough task. The fact that the software giant is often criticized for delivering bloated and inefficient software certainly doesn’t help. In our tests, the first beta of IE8 shows no noticeable speed gains in running web applications.
Quite the opposite is the case, actually. Websites and web applications run noticeably slower than in IE7. The whole browsing experience generally appears to be less responsive. Of course, IE8 is in an early development stage and you can bet Microsoft is going to tweak its performance. The only problem is that the software giant will have to work to raise the stakes in the browser race. If IE8 under-delivers, the market could respond with further market share erosion for IE. It is evident now that JavaScript engine performance has become a key metric in the newest race for the title of fastest browser.
The battle ahead is nicely summed by Mozilla co-founder Mike Shaver who said the following: “They [Apple] have dropped SquirrelFish in now and got a big speed up there. We’ve got more coming on our side. You’ll see this leapfrog pattern over and over. We’re not going to let anybody slack on that and the other browser vendors need to keep up, too.”
According to Net Applications, Firefox 3 captured almost one fifth (18.41%) of the browser market in May, followed by Safari 3.1 which hit 6.25%. Microsoft’s Internet Explorer continues on its pace of a slow but steady decline, ending up at 73.75% in May. Microsoft has scheduled second beta of IE8 for an August release, with a generally expected final release in the fourth quarter of this year.
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Posted in Apple, Internet, Microsoft, Mozilla, Programming, Software | No Comments »
Apple’s stock took a temporary 10-point hit this morning after a false report surfaced on CNN’s iReport that Steve Jobs had a heart attack. The report has been removed, but only after Silicon Alley Insider and others confirmed with Apple that Jobs did not have a heart attack. SIA captured the original report:
