Facebook is one of the most profitable company ever. The CEO of the company, Mark Zuckerberg, made his millions because of his social networking site. So, there is no wonder why and no surprise why executives at Facebook also earn big.
According reports, Sheryl Sandberg, the Chief Operating Officer of Facebook is the highest-paid personel that receive a good $ 26.2 million last year. According to the statement submitted to the SEC on Friady, the COO receives a salary of $321,128 and a whopping bonus of $276,730. She also earned $25.6 million from stocks. It is actually a decline from the year before from $31 million, but does it even hurt? we don’t think so.
How about the CEO? Mark Zuckerberg, one of the youngest self-made millionaire, earned about $2.3 billion in 2012 from the 60 million stocks he used before announcing the first stock offering in the public on May. He easily raised money for his tax bill in 2012 through selling 30.2 million shares for $38 each, now you do the math and figure how much he made.
His pay last year was just under $2 million, that is still more than double than the COO makes. And like any other millionaires, he also bought a private jet for his travels.
Smartphones selling great for 2013’s first quarter.
According to market researcher IDC, there will come a day that the sales of smartphone s will be outpacing thoe feature phones. This is because of more 4G wireless networks and lower-cost gadgets.
Smartphones are finally on the peak of outpacing feature phones in sales globally.
For several years, there are analysts who have been setting predictions that these smartphones would overtake basic feature phones regarding worldwide profits. A report was presented that manufacturers are estimated to ship 918.6 million devices this year. This estimated figure is also expected to increase up to 1.5 billion in shipments by the end of 2017.
There are two key reasons why this can happen. One is it can surf the Web, access email, and act as GPS navigation devices and check you into your favorite places thru social media apps.
YouTube is making discussions on a $50 million equity investment in Vevo LLC, a music video service.
According to a source familiar with the setting, YouTube’s mother company, Google would be owning less than ten percent of Vevo. This gives Vevo an assessment of a minimum of $500 million. The discussion is still ongoing.
Moreover, the investment would be a probable part of a wider agreement in keeping the music videos of Vevo on YouTube.
Vevo, which was started in 2009, was formed by Sony Music Entertainment of Sony and Universal Music of Vivendi SA. Just last year, Google extended the contract until April.
A spokesperson from Google stated in an emailed statement, Chris Dale,
even though they do not give any comments on separate discussions, they always are hoping to renew the connection with valued partners in order to keep on providing users of YouTube with the best imaginable music experience.
On the other hand, a spokesperson from Vevo refused to comment with regard to the discussion.
ComScore Inc.’s data shows that Vevo attracted 51.6 million U.S. viewers in December.
Google’s stock increased by 0.9 percent to $765.74.
Nokia might be falling, but it’s not yet out of the picture.
On Thursday, Nokia has reported its profits for the fourth quarter and offered increased performance for this year.
For the fourth quarter, the company was able to make total earnings of $269 million or 202 million euros, which is a huge gain over the one billion euros it has lost during the same quarter in 2011. The earnings of the company was still produced despite the sinking revenue that dropped down to ten billion euros in 2011’s fourth quarter to just eight billion last quarter.
When looked at its whole year basis, Nokia could only collect about 30.2 billion euros in sales, which is less twenty percent compared to the 38.7 billion euros it had last 2011. The operating earnings for 2012 was down to a loss of 2.3 billion euros compared to the 2011’s loss of 1.1 billion euro.
With its revenue for fourth quarter dropping to 3.9 billion last quarter from six billion euros, the Devices & Services operation of Nokia also took some record highs. However, the sales of that division on a yearly basis were also down to thirty-four percent.
Moreover, this division of the company was improved by a strong performance for the sales of Lumia in the fourth quarter, wherein it made it to 4.4 million units all over the globe. On the other hand, the Smart Devices division of Nokia could only generate about 6.6 million unit sales, which helped the company to realize that it has a decline of 66 percent year-over-year.
Regardless of several hopeful indications that Nokia could have positive marks for this year, the company reported that it is anticipating for its first quarter to be roughly at negative two percent. Nokia further added that it also expects a very competitive industry dynamics to affect negatively to the business units of both Smart Devices and Mobile Phones.
On Thursday, Kindle Fire tablet has been sold out after less than an entire year, according to Amazon.
Amazon affirms that ever since Kindle was introduced in September of 2011, it has attracted 22 percent of the sales of the gadget.
The current IDC estimate of the shipments, Amazon could have sold way more than ten million units of the tablet. IDC estimates 51.6 million tablet units for the entire year of 2012.
CEO and founder of Amazon Jeff Bezos explained that Kindle Fire is considered sold out, but they have a very exciting plan for all their consumers. They will still continue to provide and offer clients with best items with the best prices and customer service.
Bezos further noted that as long as the history of Amazon sales is concerned, the tablet is the most successful product luanch in Amazon.
Amazon is selling membership for only $79 coverage of one year. This membership permits the member to borrow e-books, free shopping, and instant streaming of movies and TV shows.
Apple Inc. released its new iPad just 6 weeks ago, but that doesn’t imply that the world is not anticipating or excited about what’s next in line from Apple tablet. Rumors regarding a smaller version of the current iPad, 7-inch in size or having a 7-inch screen is madly spreading again.
This time around the rumours comes from a couple sites. A Chinese site called Netease to begin with, which claims that there’ll be 6 million units all set for release in the 3rd quarter of 2012 though not clearly stating that it is a smaller version of the iPad. Furthermore, it says the tablet could possibly cost $249 to $299 – pretty much half the cost of the latest iPad.
Netease also claims that Apple is preparing the unit to contend against the upcoming Windows 8 of Microsoft, which is likely to to enter the market around the holidays.
Steve Jobs have been pretty outspoken concerning smaller sized tablets. In a call he even said that a 7-inch tablet will be “dead on arrival.”
“While one could increase the resolution of the display to make up for some of the difference, it is meaningless unless your tablet also includes sandpaper so that the user can sand down their fingers to around one quarter of their present size.” he also added.
Still, there were information for several months that the Cupertino, California-based company does have smaller sized versions of the iPad in its laboratories. The smaller display size will make this rumored model of the iPad much easier to carry in one hand and much better for reading.
A couple of analyst in the industry are also excited about the idea of smaller sized iPads. Shaw Wu of Sterne Agee said that iPad mini is “inevitable”, and he believes that these models would be a great threat to other competitor.
Apple has given newly-appointed chief executive Tim Cook the equivalent of just under $384 million in stock, locking him up throughout 2021.
Cook’s deal was revealed in an SEC filing released on Friday. Cook will serve both as chief executive with a member of Apple’s board.
Particularly, Apple granted Cook 1 million limited stock units. Near $383.58, the cash price of Cook’s compensation would be over $383 million. Cook by now received a salary last year of $800,000 plus a bonus of $900,000 for serving as Apple’s chief operating officer.
Half of his Cook’s new stock grant will vest in August 2016, and half will vest five years later, in August 2021.
Apple said, “Mr. Cook brings to the Board extensive executive leadership experience in the technology industry, including the management of worldwide operations, sales, service and support.”
Cook might carry a heavy trouble after being called chief executive of Apple, an iconic company with a devoted following that expects not only perfection, but magic. Marshall Goldsmith, the author of What Got You Here Won’t Get You There, and 23 other books, and a columnist for the Hardvard Business Web site said, “His problems are not that something’s wrong with him. His problems are that he’s replacing an icon.”
Cook wrote, “I want you to be confident that Apple is not going to change. I cherish and celebrate Apple’s unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.”