Apple Inc (Cupertino, Calif., U.S.A.) reported a rare miss in quarterly results after sales of its flagship iPhone fell well short of Wall Street expectations, hammering its shares. Shares of the world's most valuable technology corporation dived more than 5% to below $400 after it said it sold 17.07 million iPhones -- well short of the roughly 20 million expected by analysts.
Apple's CFO said iPhone sales came in ahead of internal expectations but were hurt in September by customers waiting for a new version.
C Spire Wireless (Ridgeland, Miss., U.S.A.), a privately held regional U.S. mobile phone network operator, will become the fourth U.S. operator to sell the Apple Inc (Cupertino, Calif., U.S.A.) iPhone in "coming weeks" beating much bigger rival T-Mobile USA to a Apple deal.
C Spire, which recently changed its name from Cellular South, has about a million customers in four states, making it more than 33 times smaller than No. 4 U.S. operator T-Mobile USA, which has 33.6 million customers.
Siklu Inc. (Petach Tikva, Israel), a wireless backhaul provider, on Tuesday announced the closing of its $19 million Series B investment. New investors in this round include Amiti Ventures (Chicago, Ill, U.S.A.), Qualcomm Incorporated (San Diego, Calif., U.S.A.) and another undisclosed category leading strategic investor. They have been joined by all existing investors: DFJ-Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity. Ben Rabinowitz, Managing Partner at Amiti Ventures, will join the Board of Directors of Siklu.
Research and consulting firm Northeast Group, LLC (Washington, D.C.) last week released its Mexico Smart Grid Market Forecast, which projects the total smart grid market will reach a cumulative $8.3 billion by 2020. Mexico trails only Brazil in terms of potential for smart grid in the Latin America region. The smart metering market in Mexico represents the largest opportunity, with more than 21 million smart meters to be deployed by the end of the decade, according to the report.
On Friday, the Vehicle Infrastructure Integration Consortium (VIIC), a consortium of global automakers, announced they will join key government officials and other automakers from around the world to help accelerate the development of connected vehicles by harmonizing standards.
KORE Telematics (Alpharetta Ga., U.S.A.), a wireless services provider specializing in machine-to-machine (M2M) communications, last week announced the Quickstart Program for accelerating the development, testing and deployment of M2M applications.
Through partnerships with ClearConnex (Raleigh, N.C., U.S.A.), an embedded wireless engineering firm, and Richardson RFPD (LaFox, Ill., U.S.A.), a value-added global component distributor, KORE is now able to deliver critical components required by M2M application developers to develop and test a complete M2M solution.
NRG Energy (Princeton N.J., U.S.A.), one of the largest power operators in the U.S., formed a new company last month with the University of Delaware to test out how vehicle-to-grid (V2G) can keep a grid stable as the share of intermittent renewable energy sources rises. V2G allows electric cars to pump electricity back into the grid when power demand spikes.
Telit Wireless Solutions, the North American technology arm of Telit Communications PLC (Trieste, Italy), announced that its cellular M2M module will provide wireless connectivity for breath alcohol ignition interlock provider LifeSafer’s (Cincinnati, Ohio, U.S.A.) wireless breath alcohol device, which allows law enforcement authorities to monitor DUI offenders in real time.
Czech power group CEZ (Prague, Czech Republic) plans to have 23,500 smart energy meters installed in western Bulgaria by the end of 2012 to help modernize its power grid and boost its efficiency, the company said on Wednesday.
CEZ -- central and Eastern Europe's largest utility -- has already installed more than 18,000 smart meters costing some $46.5 million since 2009, it said in a statement. The number should hit 20,000 by the end of 2011.
IBM (Armonk, N.Y., U.S.A.) last week announced it has joined a collaborative consortium to help develop an energy grid that uses at least 50% of renewable energy sources, such as wind power, solar energy and biogas. Led by a European Union-funded consortium, the EcoGrid EU project will demonstrate a smart energy grid that will allow smart devices to use renewable electricity based on near real-time pricing and availability, according to the consortium.