Tech Business Recap: Apple on Target, Dish to Shutter More Blockbusters
Target (NYSE:TGT) confirms a report to open 25 Apple (NASDAQ:AAPL) stores within its own outlets. The deals will also it to start incorporating five smaller boutique stores, including Cos Bar and The Webster, which is a part of Target’s attempt to refresh its bulls eye brand.
TiVo (NASDAQ:TIVO) CEO Tom Rogers confidently tells Bloomberg TV that the firm has shifted from “on demand” model to a “get whatever you want, whenever you want” model, and that it will be highly profitable this year. In part the success will be had by resolutions from ongoing legal disputes with Microsoft, Motorola Mobility, and Verizon over IP claims.
Google (NASDAQ:GOOG) has resumed its expansion in China two years after scaling back its operations following a censorship dispute with the government. It is attempting to capitalize on Android’s growth, its online-advertising, and its product-search services by recruiting more engineers, salespeople and product managers in the country.
Verizon Wireless (NYSE:VZ) (NASDAQ:VOD) will no longer roll out smartphones and tablets on its network that don’t support 4G LTE connectivity, which might be a hint to the iPhone 5 supporting LTE. But the decision represents an attempt by Verizon to exploit its lead relative to AT&T (NYSE:T) in deploying LTE services, and could be a modest positive for Qualcomm (NASDAQ:QCOM), given the higher chip content of 4G devices.
Dish Network (NASDAQ:DISH) CEO Joe Clayton tells Reuters the firm more Blockbuster stores than originally planned may close. He is backing off of a commitment made this summer to keep 90% of the outlets open, and states that surviving stores could sell Dish subscriptions and provide customer support in the future.
Don’t Miss: Apple Testing Out Mini-Stores in Select Targets.
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