Posts by Aaron Pressman
- Aaron Pressman at Yahoo Finance10 hrs ago
Microsoft's (MSFT) new CEO Satya Nadella isn’t trying anything new with the company’s burgeoning but underutilized retail store chain. And that may be a problem.
Microsoft announced Monday it would open a “flagship” store on Fifth Avenue in New York City, one of the ritziest neighborhoods in the world and, probably not coincidentally, just a few blocks south of one of Apple’s (AAPL) massive flagship outlets.
"As our first flagship store, it will serve as the centerpiece of our Microsoft Stores experience," David Porter, Corporate Vice President for Worldwide Retail Stores, said in a statement. "This is a goal we’ve had since day one – we were only waiting for the right location."
The high-profile addition to the 114-strong existing chain may grab headlines for a few days, but it does little to solve Microsoft’s biggest retailing problem – nobody goes there.
- Aaron Pressman at Yahoo Finance6 days ago
The long-deposed king of the smartphone, BlackBerry (BBRY), unveiled its own latest, greatest iteration of the now ubiquitous mobile knowledge worker tool on Wednesday, but it didn’t go over too well with most reviewers.
- Aaron Pressman at Yahoo Finance7 days ago
Chinese Internet giant Alibaba (BABA) just completed the biggest initial public offering in history. Next step for the combined eBay (EBAY), Amazon (AMZN) and Google (GOOGL) of Asia? Invade the United States and take on the local Internet giants, obviously.
Not so fast – Alibaba isn't trying to beat Amazon or eBay head on, but by surrounding them from around the edges. Instead of targeting the U.S., the company plans to take its e-commerce platform strategy to emerging markets around the world, where the customer base and retail network more closely resemble its home market.
- Aaron Pressman at Yahoo Finance11 days ago
Silicon Valley icon Larry Ellison, founder and CEO of Oracle (ORCL), is “stepping down,“ screamed headlines on Thursday night. Bring forth the postmortem analyses, ready the gold watch, cue the farewell parade.
Or not – seems like there’s an awful lot less than meets the eye to this story.
Oracle’s former co-presidents, Mark Hurd and Safra Catz, who used to report to CEO Ellison, get bumped up to the titles of co-CEO, but each continues to control separate pieces of the business. Hurd, the former Hewlett-Packard (HPQ) boss, runs sales, service and global business units. Catz, formerly the CFO at Oracle, will keep her portfolio of manufacturing, finance and legal.
And Ellison himself will stick around as executive chairman of the board and chief technology officer, the one area that reported directly to him under the old structure. Nomura analyst Rick Sherlund calls Ellison's new post "pretty consistent with his longstanding role in the company."
- Aaron Pressman at Yahoo Finance12 days ago
After years of learning about all the sneaky ways companies track us online, even when they kind of, sort of say they won’t, it’s hard not to be cynical about the so-called privacy policies they post.
- Aaron Pressman at Yahoo Finance14 days ago
As reporters, analysts and various VIPs mingled outside Apple’s (AAPL) iPhone unveiling last week, there was much talk about a new service Apple didn’t end up announcing. While Tim Cook and company offered their vision for the future of mobile payments, Apple Pay, there was no reference to an accompanying loyalty rewards plan some Apple observers had heard the company was developing.
Apple isn’t talking – the company didn’t respond to emails this week seeking comment on a possible reward program. But the chatter about an Apple rewards program is still growing.
A current job posting at Apple seeks a product manager responsible for “shaping the future of loyalty programs.” The person hired for the position will also “recommend and develop initiatives to sustain and evolve our loyalty programs, while maintaining fiscal responsibility,” according to a report in Bank Innovation.
- Aaron Pressman at Yahoo Finance15 days ago
At first glance, there are hardly two more contrasting high-profile CEOs than Apple’s (AAPL) Tim Cook and T-Mobile’s (TMUS) John Legere. But look past the conflicting styles of speaking (and dressing) and the two are playing many of the same strategies — with great success.
On the surface, though, what a difference.
At Apple’s locked-down event on a college campus in Cupertino, Calif., last week, Cook appeared in a wrinkly, open-collared blue shirt, rolled up at the sleeves, baggy Dad jeans and black sneakers, his silver hair close-cropped. The final reveal at the event? Aging rock band U2.
The next day, at a T-Mobile store in the middle of downtown San Francisco, Legere, brushing back his long black bangs, appeared in his trademark hot-pink company T-shirt, matching hot pink sneakers and a space-age black, zippered jacket. His entry song? DJ Snake and Lil Jon’s “Turn Down for What.”
- Aaron Pressman at Yahoo Finance21 days ago
Just a day after Home Depot (HD) disclosed that hackers might have stolen as many as 60 million credit card numbers, Apple (AAPL) jumped into the payment security maelstrom with a new iPhone-based solution.
Consumers, who have largely ignored prior smartphone-based payments offerings, are likely to start using Apple's solution in much larger numbers, analysts said. But by working closely with the biggest players in the current credit card ecosystem, Apple isn't threatening to disrupt the entire payments landscape.
The new “Apple Pay” system lets a consumer with a new iPhone or smartwatch tap the device on a special check out terminal and pay -- without transmitting a credit card number or other details hackers have sought. The system relies on a special piece of hardware, called a Near Field Communication (NFC) chip, that will be included in the new iPhone 6, iPhone 6 Plus and Apple Watch.
- Aaron Pressman at Yahoo Finance25 days ago
Home Depot’s (HD) credit card data breach, the latest in a long string of retail hacking incidents, is helping set the stage for an upheaval of the payments landscape. And one of the biggest beneficiaries may be Apple (AAPL), which is expected to roll out a new mobile payment offering during its highly anticipated event in Cupertino next week. After hackers stole an unknown number of credit card accounts used in Home Depot stores, CEO Frank Blake said Thursday the chain will upgrade the checkout systems in all 2,200 of its locations by year end, switching to modern payment terminals that can accept more-secure chip and PIN credit cards. Target (TGT), the victim of one of the biggest hacks ever, is doing the same, as are an increasing number of once reluctant retail chains.