Tag Archives: Worth Billions

iWatch to profit $6 billion in the future

iWatch to profit $6 billion in the future

A billion-story in the making.

Rumors are now spreading for a new Apple product. Some analysts say that this will revolutionize portable players, tablets, music, and smartphones, and will change people’s view on wristwatches. A tech expert believes that this could be worth billions to the super tech giant.

According to Oliver Chen, a Citigroup analyst, the rumored iWatch of the company could be billions of opportunity for them, pulling some numbers by around $6 billion. Furthermore, he thinks that there could be even plentier than $6 billion if the tech giant creates something that is totally fresh and new just like what they had when they launched iPod.

iWatch to profit $6 billion in the futureHe noted that the watch market globally is now priced at about $60 billion every year. The $6 billion could-be oportunity for Apple only depends upon the company if they capture at least ten percent of the total market.

However, Chen is also looking for a lesser profit of about $3.6 billion for the Apple iWatch.

Chen believes that the iWatch could give the company more money rather than paying much of their attention to revolutionizing the television market.

 

 

paul ceglia vs mark zuckerberg

Facebook Expose Evidences of Paul Ceglia’s Possession Claims

After Facebook became the most popular social network in the world, many reports have shocked the world claiming to be the original owner of the social network giant. Up until now, the story is still going on and maybe not close to ending.

Facebook Inc. moved on Monday to oppose the statements by a businessman that he is the owner of a significant share in the social network company.

In an action to ignore a lawsuit last in 2010 made by Paul Ceglia, the social network company exposed the outcomes of a very long investigation that involved emails and forensic examination from Mark Zuckerberg’s college days.

Mr. Paul Ceglia, stated in his suit that he had an agreement which entitles him to half or 50% of Marks Zuckerberg’s Facebook share, which happens to be worth billions of dollars.

In its most powerful answer in the case, Facebook recognized the statements as “a fraud and a lie” and called Paul Ceglia as eager for cash, which shows that he is trying to get cash from the America’s most valuable social network and fastest-growing company.

Sandford Dumain, Mr. Ceglia’s lawyer, from Milberg LLP, stated in a statement that: “Mr. Ceglia deserves his day in court, where the jury will resolve this dispute over the ownership of Facebook.”

Paul Ceglia’s, was caught and charged for scamming clients out of $200,000 at about the time that the movie “The Social Network” (the story about Facebook’s origin) was in promotion. Mr. Ceglia submitted the lawsuit and created what he claimed was a deal with Mr. Zuckerberg for a the greater part of Facebook.

Emails were also attached in Mr. Ceglia’s suit, which appears to be allegedly exchanging emails with Mr. Zuckerberg showing that he is entitled to a large stake in Facebook.

To oppose the move of Mr. Ceglia, the social network company hired Kroll Inc., a corporate investigative company, andStroz Friedberg, a forensic company, which acquired over 200 emails of Mr. Zuckerberg from Harvard University’s server and examined the electronic fingerprints of Paul Ceglia’s emails, based on documents submitted together with the company’s action.

According to Facebook, those evidences shows how Paul Ceglia faked the agreement and tried to hide everything with fake emails.