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How many iPads is Apple selling? One estimate: 20,000/hr.

imageAndrew Erlichson, CEO of Phanfare, estimates that Apple has been making about 20,000 sales of the iPad every hour since the company began taking pre-orders for the device at 8:30 AM EST Friday.

This guess is based on the fact that Erlichson’s company purchased two iPads today, about 30 minutes apart, and that the second order ID number was 10,000 higher in the sequence than the first.

At this rate, Apple will sell all the iPads from its original manufacturing cycle within a week.

Continue reading How many iPads is Apple selling? One estimate: 20,000/hr.

Categories:
iPad

Apple surpasses Wal-Mart in market capitalization.

imageApple temporarily jumped to third place this morning in market capitalization among U.S. publicly traded companies, overtaking Wal-Mart.

MacNN reports that with the commencement of pre-orders for the iPad at 8:30 AM EST Friday, Apple stock jumped to $227.73, causing its market capitalization (stock price x number of outstanding shares) to briefly be more than Wal-Mart’s.

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Financial

Apple fails to corner the “i"Market.

imageA tribunal hearing has ruled that Wholesale Central, a small company based in Sydney, Australia’s suburbs, did not infringe on any Apple trademark by using the name DOPi (iPod backwards) on its products.

The Sydney Morning Herald reports that a lawyer would have had to prove the a “person of ordinary intelligence and memory” would have “cause to wonder” or assume that a product with the letter “i” in the name would be made by Apple.

The tribunal of IP Australia, the authority on trademarks in the country/continent noted that Apple ignored the many existing products with an “i” prefix such as iSoft and iSkin.

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Categories:
Legal

iPad now available for pre-order.

imageCupertino’s latest creation, which will be in stores April 3rd, can be pre-ordered from Apple.com as of 8:30 EST this morning.

Pre orders of the iPad, Apple’s most recent category of devices, are limited to two per customer and include the WiFi and 3G models.

To win a free iPad, follow the LOOPRumors twitter feed and enter the contest at http://www.twitter.com/looprumors.

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Categories:
iPad

Apple Store down.

As Apple normally does to ready their online store for a new product, they have taken their online store offline this morning. This is in preparation to accept orders for the new iPad touch-screen computer. Apple is expected to begin selling the new computer at 8:30am this morning. If you wish to win one, simply follow our Twitter feed and enter the contest. http://www.twitter.com/looprumors

Categories:
iPad

iPad to go on sale in US at 8:30am EST

Apple will begin selling the product that fills the gap between the iPhone and the MacBook tomorrow, Friday, March 12th at 8:30am EST. The Wi-Fi only models will be available on April 3rd with the 3G model to follow in late April. Customers may order the iPad for delivery or to be reserved and picked up in person at the local Apple retail store.
Those who wish to participate in our contest to win a FREE Apple iPad should follow us on Twitter at http://www.twitter.com/looprumors

Categories:
iPad

Pink Floyd to be pulled from iTunes?

imageA High Court has ruled that British music company EMI has violated the contract they signed with Pink Floyd in the late sixties.

Selling Pink Floyd’s material as individual songs on platforms such as iTunes goes against a clause in the contract obligating the company to “preserve the artistic integrity of the albums”.

The BBC reports that EMI was ordered to pay £40,000 in costs as part of the ruling.

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iTunes

Apple CEO ranked 136th wealthiest billionaire.

imageWealth accumulated largeley through investments in Pixar and Apple has made Apple co-founder and CEO Steven P. Jobs the 136th richest human being on the planet, according to Forbes.

At 55, the American entrepreneur has a net worth estimated at 5.5 billion dollars.

Bill Gates is currently ranked second on Forbes’ list of wealthiest billionaires, having been recently dispelled from his top spot by Mexican wireless mogul Carlos Slim.

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Financial

Apple 2nd most popular smartphone platform.

imageData from marketing research company ComScore indicates that Apple has remained in second place for smartphone subscriber share in the U.S. with 25.1% of the market as of January 2010.

Apple’s iPhone has more subscribers than devices on platforms from Microsoft, Google, and Palm.

Blackberry maker Research in Motion holds the top spot with 43% of the market.

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Categories:
iPhone

iPhone and iPad to respond to new gestures.

imageThe most recent iPhone 3.2 Beta 4 SDK contains a gestures folder with two perviously unseen commands: 3Tap.plist and LongPress.plist.

Developers will presumably be able to incorporate “3 tap” and “long press” gestures into future versions of the operating system.

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iPhone

Apple stock hits record prices again.

imageApple (AAPL) shares rose to a record-setting high once again today, valued at $224.84 at market close.

The previous record for closing price of Apple stock was set yesterday at $223.02.

Strong Mac sales, new iPhone hardware expected this June, and the April 3rd launch of the iPad are seen as contributing factors in the unprecedented cost of Apple shares.

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Financial

Apple targeted in smartphone lawsuit.

image Apple, AT&T, Research in Motion and several other firms are being sued by a Texas-based SmartPhone Technologies.

The company accuses Apple’s iPhone of violating six of its patents, particularly ones related to Bluetooth connectivity, e-mail syncing and bandwidth conservation, AppleInsider reports.

The suit asks the court to find all of the named parties in violation of their respective patents, and seeks damages, costs and expenses from all of them. SmartPhone did not specify damages, but requested a jury trial in the Eastern District of Texas, where patent lawsuits are often filed in hopes of a favorable outcome.

LG, Motorola, Samsung and Sanyo were also among the corporations listed in the suit.

Categories:
iPhone