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	<title>Business &#38; MoneyCategory: Apple &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Business &#38; MoneyCategory: Apple &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Apple&#8217;s Cook to Face Senate Questions on Taxes</title>
		<link>http://business.time.com/2013/05/21/apples-cook-to-face-senate-questions-on-taxes/</link>
		<comments>http://business.time.com/2013/05/21/apples-cook-to-face-senate-questions-on-taxes/#comments</comments>
		<pubDate>Tue, 21 May 2013 12:12:01 +0000</pubDate>
		<dc:creator>AP / MARCY GORDON</dc:creator>
				<category><![CDATA[Apple]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=80504</guid>
		<description><![CDATA[(WASHINGTON) &#8212; A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world&#8217;s most valuable company says it is complying with the laws and pays &#8220;an extraordinary amount&#8221; in taxes to the U.S. government. Apple Inc. CEO Tim Cook is scheduled to testify Tuesday on Capitol Hill to explain the company&#8217;s tax strategy. (VIDEO: Costly Coffee Date with Apple CEO Tim Cook) The Senate investigation, results of which were disclosed Monday, found Apple employs a group of affiliate companies outside the United States to avoid paying taxes. Apple is holding overseas some $102 billion of its $145 billion in cash, and an Irish subsidiary that earned $22 billion in 2011 paid only $10 million in taxes, according to the report issued Monday by the Senate Permanent Subcommittee on Investigations. The strategies Apple uses are legal, and many other multinational corporations use similar tax techniques to avoid paying U.S. income taxes on profits they reap overseas. But Apple uses a unique twist, the report found. The company&#8217;s tactics raise questions about loopholes in the U.S. tax code, lawmakers say. The spotlight on Apple&#8217;s tax strategy comes at a time of fevered debate in Washington over whether and how to raise revenues to help reduce the federal deficit. Many Democrats complain that the government is missing out on collecting billions because companies are stashing profits abroad and avoiding taxes. Republicans want to cut the corporate tax rate of 35 percent and ease the tax burden on money that U.S. companies make abroad. They say the move would encourage companies to invest at home. (MORE: Panel Says Apple Uses Firms Outside U.S. to Avoid Taxes) Apple&#8217;s chief financial officer and its tax chief are also scheduled to testify and explain the company&#8217;s tax strategy. They are expected to face tough questions. The subcommittee&#8217;s chairman, Sen. Carl Levin, D-Mich., and other panel members could hold up Apple as an example of a powerful company using its privileged position to avoid taxes while ordinary Americans must pay them. The<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=80504&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr39hhq.jpg?w=240</featured_image>
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			<media:title type="html">Apple CEO Tim Cook speaks to the audience during an Apple event in San Jose</media:title>
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			<media:title type="html">timeassociatedpress</media:title>
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		<title>Attention JC Penney Shoppers, Look Out for the Return of &#8216;Sales Galore&#8217;</title>
		<link>http://business.time.com/2013/04/16/attention-jc-penney-shoppers-look-out-for-the-return-of-sales-galore/</link>
		<comments>http://business.time.com/2013/04/16/attention-jc-penney-shoppers-look-out-for-the-return-of-sales-galore/#comments</comments>
		<pubDate>Tue, 16 Apr 2013 09:45:41 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Odd Spending]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[coupons]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[discounting]]></category>
		<category><![CDATA[J.C. Penney]]></category>
		<category><![CDATA[JC Penney]]></category>
		<category><![CDATA[JCP]]></category>
		<category><![CDATA[jcpenney]]></category>
		<category><![CDATA[markdowns]]></category>
		<category><![CDATA[Mike Ullman]]></category>
		<category><![CDATA[Ron Johnson]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=77832</guid>
		<description><![CDATA[After months of abysmal sales tallies, the Ron Johnson era is over at JC Penney. Now that Johnson&#8217;s &#8220;fair and square&#8221; no-coupons pricing policies have proved to be a failure, the department store will have to try something else to win back customers and stop the bleeding. But what? Mike Ullman, who was replaced as CEO when Johnson took over at JC Penney in 2011, and who began serving again as top executive when Johnson was pushed out, told the Wall Street Journal that he wasn&#8217;t planning on reverting to the old business model. &#8220;I wouldn&#8217;t recommend that we go back to the way J.C. Penney was when I left,&#8221; he said. &#8220;Things change.&#8221; And yet, in some ways the department store is clearly trying to resemble the JC Penney of old. Management has already announced that newspaper ads will feature coupons once again. Johnson seemed to find coupon usage distasteful and silly, likening it to a drug that consumers needed to be weaned off. A little over a year after JC Penney went &#8220;drug-free,&#8221; so to speak, coupons are back. (MORE: The 5 Big Mistakes That Led to Ron Johnson&#8217;s Ouster at JC Penney) Some retail experts think that the return of coupons is just the tip of the iceberg. John Sculley, former CEO of Apple, said on Bloomberg TV that it was absolutely essential for JC Penney to &#8220;get the cash flow of those old customers back into the store. And how did they do it before?&#8221; Sculley asked, before answering his own question. &#8220;They did it with sales.&#8221; A new study indicates that JC Penney&#8217;s shoppers are older, poorer, and more price-sensitive than the average customer at, say, Target or Macy&#8217;s. It&#8217;s assumed that an announcement of major markdowns is the quickest (and perhaps only) strategy to bring these customers back to JC Penney. Martin Sneider, a retail professor at Washington University, told the St. Louis Post-Dispatch that he anticipates a flood of deals and discounts, at least in the short run while JC Penney is desperate<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=77832&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Smart Spending</primary_category><primary_category_link>http://business.time.com/category/saving-spending/smart-spending/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/07/jc-penney-new-branding1.jpg?w=240</featured_image>
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			<media:title type="html">JC-Penney-New-Branding</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
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	</item>
		<item>
		<title>State of the Union: Why Is Apple CEO Tim Cook Sitting Next to Michelle Obama?</title>
		<link>http://business.time.com/2013/02/12/state-of-the-union-why-is-apple-ceo-tim-cook-sitting-next-to-michelle-obama/</link>
		<comments>http://business.time.com/2013/02/12/state-of-the-union-why-is-apple-ceo-tim-cook-sitting-next-to-michelle-obama/#comments</comments>
		<pubDate>Tue, 12 Feb 2013 20:01:45 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=70449</guid>
		<description><![CDATA[Apple is going through a sour patch right now. On Monday, TIME columnist Tim Bajaran asked if Apple&#8217;s amazing run disrupting markets is over. The Cupertino-Calif.-based tech juggernaut has not introduced a truly break-through new product since co-founder Steve Jobs died over one year ago. As a result, Apple&#8217;s stock price has suffered, declining 24% over the last six months. Apple investors are getting nervous. Meanwhile, hedge fund titan David Einhorn has launched a lawsuit against the company aimed at getting the company to return some of its $140 billion cash hoard to shareholders &#8212; who, after all, own the company. Apple has said it will consider Einhorn&#8217;s demands, but that didn&#8217;t stop Apple CEO Tim Cook from slamming Einhorn&#8217;s campaign as a &#8220;silly sideshow&#8221; at the Goldman Sachs investor conference in San Francisco on Tuesday morning. This context helps explain why Cook , a runner-up for TIME&#8217;s 2012 Person of the Year, has been on something of a PR tour in recent months, appearing on the cover of Bloomberg BusinessWeek and showing up for a rare on-camera interview with Brian Williams of NBC News. (MORE: Is Apple Losing Its Shine After Steve Jobs?) Tonight, Cook will join first lady Michelle Obama during President Obama&#8217;s State of the Union address. (Presumably, Cook is on a private jet headed to D.C. as I type.) It&#8217;s the continuation of Cook&#8217;s PR offensive, and the symbolism isn&#8217;t lost on tech watchers. Last year, Jobs&#8217;s widow Laurene Powell Jobs sat with Mrs. Obama, as the president touted the company as an exemplar of American innovation. And indeed it is. Last year, President Obama and other lawmakers called out Apple as the epitome of U.S. innovation. But there was a tension to that shout-out, given that most of the jobs that Apple has created have been at the giant Chinese manufacturing conglomerate Foxconn, which has been bedeviled by labor issues, prompting Cook to tighten the company&#8217;s supplier review process. And that&#8217;s the problem with holding Apple out as a U.S. success story: The company now does well over half of its business overseas, and employs most of its manufacturing workers<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=70449&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/1500_michelle.jpg?w=240</featured_image>
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			<media:title type="html">Obama Cook</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>As the Dow Soars, How High Can Tech Stocks Go?</title>
		<link>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/</link>
		<comments>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/#comments</comments>
		<pubDate>Mon, 04 Feb 2013 14:00:06 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69618</guid>
		<description><![CDATA[Last Friday, the Dow Jones Industrial Average &#8212; the benchmark stock index of America&#8217;s blue chip companies &#8211; closed above 14,000 for the first time since the financial meltdown sent the U.S. economy into the worst crisis in decades. The continued resurgence of the U.S. auto industry and growing optimism about the overall economy helped propel the Dow above the psychologically important 14,000 point level. The surging Dow is an indication of the increasing financial health of the largest American companies, a bright spot in an otherwise shaky U.S. economic recovery, particularly with respect to unemployment. America&#8217;s blue chip firms &#8212; including industrial giants, banks, and auto companies &#8212; are healthier than they&#8217;ve been in years. But what about the largest U.S. tech companies? Like the other major stock indices, the tech-heavy Nasdaq index is at or near multi-year highs. On Friday alone, the Nasdaq rose 1%, nearly touching the index&#8217;s five-year high, which it hit last September, driven in part by tech juggernaut Apple, which had just released the iPhone 5. But Wall Street sentiment has soured on Apple in recent months, somewhat tempering the Nasdaq&#8217;s continued ascent. (MORE: Apple Shares Plunge 10% on Slowing Growth, New Product Jitters) How high can tech stocks go? Given Apple&#8217;s size &#8212; it&#8217;s the largest tech company in the world &#8212; it makes sense to begin any forward-looking evaluation of the Nasdaq with the Cupertino, Calif.-based cash machine. Apple constitutes about 12% of the Nasdaq&#8217;s valuation, and there&#8217;s no question the company&#8217;s recent stock swoon has placed a drag on the tech-heavy index. Let&#8217;s take a look at Apple and three other important Nasdaq companies. Two weeks ago, for the third consecutive quarter, Apple fell short of analyst estimates, sending the company’s stock down 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth rate has spooked investors, who are growing increasingly concerned about the next stage in the company’s epic story. Can Apple maintain its heretofore astonishing growth-rate on the back of existing products like the iPhone and<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69618&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr358q3.jpg?w=240</featured_image>
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			<media:title type="html">A man takes a photo outside the Nasdaq Market site in New York&#039;s Times Square</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>5 Top Trends for 2013 Super Bowl Commercials</title>
		<link>http://business.time.com/2013/01/30/5-top-trends-for-2013-super-bowl-commercials/</link>
		<comments>http://business.time.com/2013/01/30/5-top-trends-for-2013-super-bowl-commercials/#comments</comments>
		<pubDate>Wed, 30 Jan 2013 13:00:57 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Autos]]></category>
		<category><![CDATA[Business of Sports]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Best Buy]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Clint Eastwood]]></category>
		<category><![CDATA[Coca-Cola]]></category>
		<category><![CDATA[Doritos]]></category>
		<category><![CDATA[Halftime in America]]></category>
		<category><![CDATA[Kraft]]></category>
		<category><![CDATA[Lincoln]]></category>
		<category><![CDATA[MiO Fit]]></category>
		<category><![CDATA[Skechers]]></category>
		<category><![CDATA[smartphone apps]]></category>
		<category><![CDATA[smartphones]]></category>
		<category><![CDATA[Snack Bowl]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[sports drink]]></category>
		<category><![CDATA[Super Bowl]]></category>
		<category><![CDATA[Target]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68304</guid>
		<description><![CDATA[The cost of advertising in the Super Bowl is rising, running an average of $4 million for a 30-second spot—up from $3.5 million last year and just $42,000 back in 1967. To justify the expense, advertisers aim to present fans with something more than just another entertaining but ultimately forgettable commercial. How do they plan on doing it? Here are a few of the ways: Longer Commercials The most talked-about ad from last year&#8217;s Super Bowl was Chrysler&#8216;s &#8220;It&#8217;s Halftime in America&#8221; featuring Clint Eastwood. The ad stretched on for a full two minutes, which is an epic length compared to the usual 30-second TV spot. More XXL commercials are expected during this year&#8217;s Super Bowl. According to data cited by the Los Angeles Times, nearly 20% of this year&#8217;s ads will go on for one minute or longer, compared to 10% during the 2011 Super Bowl. (MORE: The Best and Worst Super Bowl Commercials of 2012) Online Teasers One of the reason&#8217;s the Clint Eastwood ad was such a hit is that it was a surprise; no one had gotten a &#8220;sneak peek&#8221; of it in advance on YouTube or Chrysler&#8217;s website, and news of the spot hadn&#8217;t spread ahead of time on Twitter or Facebook. That&#8217;s rare nowadays for Super Bowl ads, as AdAge explained: When an advertiser shells out between $3.5 million and $4.5 million for a Super Bowl ad, using social media to get added exposure isn&#8217;t just an afterthought. It helps amortize the cost of the commercial by generating millions of dollars in free publicity. For advertisers, the Super Bowl isn&#8217;t merely a day, but the highpoint of an entire season for marketers hoping that their clients can become part of the national conversation before, during, and after the game. Most advertisers aren&#8217;t satisfied just with getting the attention of millions of TV viewers on Super Bowl Sunday. They want their attention for weeks beforehand as well, which is why, for example, Volkswagen released the video of the dogs barking the &#8220;Star Wars&#8221; theme online.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68304&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Advertising</primary_category><primary_category_link>http://business.time.com/category/marketing-2/advertising-marketing/</primary_category_link>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Apple Shares Plunge 10% on Slowing Growth, New Product Jitters</title>
		<link>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/</link>
		<comments>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 13:00:48 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[iPod]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68202</guid>
		<description><![CDATA[For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in the history of corporate America. It appears those days are over. For the third consecutive quarter, Apple, the world&#8217;s largest technology company, fell short of analyst estimates, sending the company&#8217;s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple&#8217;s slowing growth has raised questions about the next phase in the company&#8217;s evolution. (MORE: Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft) One thing is for sure: The numbers associated with Apple&#8217;s business are staggering. Apple sold 47.8 million iPhones and 22.9 million iPads during the holiday quarter, but both of those figures were about one million short of analyst expectations. The company generated profit of $13.1 billion, but that was flat compared to the year ago period &#8212; the company&#8217;s lowest rate of profit growth in a decade &#8212; in part because of higher production costs associated with new products. Revenue came in at $54.5 billion, an 18% increase over one year ago, but less than the $55 billion that analysts had been expecting. For the current quarter, Apple projected sales of between $41 billion and $43 billion, but that number also fell below the $45.6 billion that analysts had been expecting. That translates to revenue growth of about 7%, which is lower than the double-digit sales growth that Apple had enjoyed in recent years. The fundamental question facing Apple is whether its existing, wildly popular products like the iPhone and the iPad can continue to power revenue and profit growth, or whether it needs new, breakthrough products. After all, during his legendary career, Apple&#8217;s late co-founder Steve Jobs radically disrupted several industries with iconic products like the iPod, iPhone and iPad. (MORE: Apple Earnings Miss Wall Street Target as Buyers Wait for New iPhone) &#8220;It has been an overriding concern with Apple that<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68202&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3cuz3.jpg?w=240</featured_image>
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			<media:title type="html">The Apple logo is pictured at the company&#039;s flagship retail store in San Francisco, California</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>&#8216;Hot&#8217; New Gadgets Anybody? No Thanks, We&#8217;re Good</title>
		<link>http://business.time.com/2013/01/11/hot-new-gadgets-anybody-no-thanks-were-good/</link>
		<comments>http://business.time.com/2013/01/11/hot-new-gadgets-anybody-no-thanks-were-good/#comments</comments>
		<pubDate>Fri, 11 Jan 2013 19:02:56 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[3-D TV]]></category>
		<category><![CDATA[CES]]></category>
		<category><![CDATA[Consumer Electronics Show]]></category>
		<category><![CDATA[HAPI]]></category>
		<category><![CDATA[HAPIfork]]></category>
		<category><![CDATA[HDTV]]></category>
		<category><![CDATA[smartphones]]></category>
		<category><![CDATA[TVs]]></category>
		<category><![CDATA[Ultra-HD]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66337</guid>
		<description><![CDATA[Every year, the Consumer Electronics Show in Las Vegas promises to unveil all sorts of gadgets that&#8217;ll not only make our lives better—but that we simply won&#8217;t be able to live without. Instead, what we get is stuff like the $99 &#8220;smart&#8221; fork. Said utensil—the HAPIfork, also available in spoon format—is one of the most-discussed new products at this year&#8217;s show. As the Associated Press explained, the fork is equipped with a motion sensor and measures the frequency that the utensil is lifted from plate to mouth. If the user is shoveling in the food too rapidly, the fork vibrates and a light blinks as a warning to slow the munching down. Data collected by the utensils can also be uploaded to a smartphone or computer so that the user can track and analyze his eating habits. Yet, the AP noted some limitations: The fork has no clue about the nutritional content of your food or how big your forkfuls are. It can&#8217;t tell if you&#8217;re shoveling lard or stabbing peas individually. In which case, the utensils may actually steer users into getting as much food each time the fork is lifted to the mouth. Might as well make the most of it before that forks starts pulsating embarrassingly! (MORE: Diminishing Returns: The Cold Hard Truth for CES Smartphones) Like so much of today&#8217;s tech, this gadget purports to make consumers&#8216; lives easier. Does it even come close? In some cases, it&#8217;s just plain dumb to infuse &#8220;smart&#8221; technology into everyday products. One expert said as much to the Los Angeles Times in a story about the CES: The irony, though, is that as products become packed with more features and can connect to one another and to the Internet, they often become more confusing to consumers, said Scott Steinberg, an innovation consultant at TechSavvy and longtime CES attendee. &#8220;Just because we can add these features doesn&#8217;t mean we should, because many consumers are confused by the poor user experience provided,&#8221; he said. People are used to passively interacting with<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66337&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Is Broadband Internet Access a Public Utility?</title>
		<link>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/</link>
		<comments>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/#comments</comments>
		<pubDate>Wed, 09 Jan 2013 13:00:54 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Music Industry]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Captive Audience]]></category>
		<category><![CDATA[Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[digital divide]]></category>
		<category><![CDATA[regulatory capture]]></category>
		<category><![CDATA[Sprint]]></category>
		<category><![CDATA[Susan Crawford]]></category>
		<category><![CDATA[time warner cable]]></category>
		<category><![CDATA[Verizon]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66067</guid>
		<description><![CDATA[Should broadband Internet service be treated as a basic utility in the United States, like electricity, water, and traditional telephone service? That&#8217;s the question at the heart of an important and provocative new book by Susan Crawford, a tech policy expert and professor at Cardozo Law School. In Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age, released Tuesday by Yale University Press, Crawford argues that the Internet has replaced traditional phone service as the most essential communications utility in the country, and is now as important as electricity was 100 years ago. &#8220;Truly high-speed wired Internet access is as basic to innovation, economic growth, social communication, and the country&#8217;s competitiveness as electricity was a century ago,&#8221; Crawford writes, &#8220;but a limited number of Americans have access to it, many can&#8217;t afford it, and the country has handed control of it over to Comcast and a few other companies.&#8221; Because the U.S. government has allowed a small group of giant, highly profitable companies to dominate the broadband market, Crawford argues, American consumers have fewer choices for broadband service, at higher prices but lower speeds, compared to dozens of other developed countries, including throughout Europe and Asia. &#8220;In Seoul, when you move into an apartment, you have a choice of three or four providers selling you symmetric fiber access for $30 per month, and installation happens in one day,&#8221; Crawford told TIME in an interview Tuesday. &#8220;That&#8217;s unthinkable in the United States. And the idea that the country that invented the Internet can&#8217;t get online is beyond my imagination.&#8221; Crawford, who has been a visiting professor at Harvard, Yale and Michigan, spent a year on the National Economic Council as a top telecommunications advisor to President Obama. In her book, she directs much of the blame for the sorry state of the U.S. broadband market at the federal government. &#8220;Instead of ensuring that everyone in America can compete in a global economy,&#8221; she writes, &#8220;instead of narrowing the divide between rich and poor, instead of supporting competitive free markets for American inventions that use information &#8212; instead, that is, of ensuring that America will<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66067&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/crawford-susan.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/01/crawford-susan.jpg?w=240" />
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			<media:title type="html">Crawford, Susan</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>What Google&#8217;s FTC Deal Means for the Patent Wars</title>
		<link>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/</link>
		<comments>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/#comments</comments>
		<pubDate>Mon, 07 Jan 2013 13:00:23 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Blackberry]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[FRAND]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[intellectual property]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[patent]]></category>
		<category><![CDATA[patent law]]></category>
		<category><![CDATA[patents]]></category>
		<category><![CDATA[research in motion]]></category>
		<category><![CDATA[Xbox]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65945</guid>
		<description><![CDATA[Google&#8216;s landmark deal with the U.S. government, which was announced last week and ends a two-year federal investigation, has gotten a lot of attention, primarily for the Federal Trade Commission&#8217;s conclusion that Google has not violated antitrust law. But the second component of the pact, in which Google agreed to grant rivals access to certain basic technology patents, is worth scrutiny as well, because it could have important ramifications in the ongoing intellectual property wars that have roiled the technology industry over the last several years. During a press conference, FTC chairman Jon Leibowitz asserted that the patent agreement with Google could serve as a &#8220;template&#8221; for other patent disputes, and could reduce patent litigation &#8212; and litigation costs &#8212; for companies throughout the tech industry. That, of course, would be a good thing, because there is general agreement among tech and legal experts that there is something seriously wrong with the current U.S. intellectual property system, at least with respect to technology patents. Several of the largest tech companies in the world &#8212; including Apple, Google, and Samsung &#8212; are engaged in very costly and time-consuming patent litigation in multiple jurisdictions around the world. And in a remarkable milestone, last year Apple and Google spent more money on intellectual property &#8212; both litigation and defensive acquisitions &#8212; than on research and development. (MORE: Google’s Federal Antitrust Deal Cheered by Some, Jeered by Others) Google&#8217;s $12.5 billion acquisition of Motorola Mobility was one such defensive acquisition &#8212; Google bought the company in part for its vast stable of some 17,000 tech patents &#8212; and that purchase is at the center of the FTC&#8217;s deal with the search giant. In the tech world, there is a certain category of patents called &#8220;standard-essential patents,&#8221; which cover widely used technologies based on industry standards that allow high-tech devices to work together. &#8220;These essential patents and others like them are the cornerstone of the system of interoperability standards that ensure that wireless internet devices and mobile phones can talk to each other,&#8221; Leibowitz said. For example, Motorola owns standard-essential<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65945&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr2yuel.jpg?w=240</featured_image>
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			<media:title type="html">The Federal Trade Commission building is seen in Washington</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
		</media:content>
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		<title>What&#8217;s Getting Cheaper – and What You&#8217;ll Pay More for – in 2013</title>
		<link>http://business.time.com/2013/01/04/whats-getting-cheaper-and-what-youll-pay-more-for-in-2013/</link>
		<comments>http://business.time.com/2013/01/04/whats-getting-cheaper-and-what-youll-pay-more-for-in-2013/#comments</comments>
		<pubDate>Fri, 04 Jan 2013 17:17:06 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Autos]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Economics & Policy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Health Insurance]]></category>
		<category><![CDATA[Publishing]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Transportation]]></category>
		<category><![CDATA[bacon]]></category>
		<category><![CDATA[dairy]]></category>
		<category><![CDATA[ebooks]]></category>
		<category><![CDATA[electronics]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[gasoline]]></category>
		<category><![CDATA[meat]]></category>
		<category><![CDATA[milk]]></category>
		<category><![CDATA[MSRP]]></category>
		<category><![CDATA[new cars]]></category>
		<category><![CDATA[public transportation]]></category>
		<category><![CDATA[steak]]></category>
		<category><![CDATA[TVs]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65882</guid>
		<description><![CDATA[It&#8217;s the time of year when lists are made forecasting the rise and fall of household expenses, big and small. Accordingly, it may also be time to tweak the family budget. The top ten list from CNN Money of things that&#8217;ll cost more this year is dominated by everyday expenses, including meat (specifically steak, hamburger, and bacon), which is projected to increase in price by 3% to 4%, and dairy (milk, cheese, eggs), which could be 4.5% more expensive in the near future. Things could be a lot worse. During occasional freakouts over the past year, consumers were warned that there would be an &#8220;unavoidable bacon shortage&#8221; in 2013, and that dairy prices could double if Congress failed to pass a new farm bill. By comparison, a price hike that&#8217;s only slightly higher than inflation seems like a deal. Other items in the roundup include satellite TV (reflecting rising programming costs), new cars (base prices are rising—and the average price paid per car has never been higher), and pro baseball tickets (no one should expect them to be cheap to begin with), as well as mail (stamps are going up by 1¢) and public transportation in big cities like Chicago and New York. Mind you, those latter two expenses are still relatively cheap in the grand scheme of things, even after a price hike. (MORE: Top Money Resolutions for 2013) Then there are a couple of price increases that are truly painful—taxes and health care—in that they&#8217;re expenses that generally can&#8217;t be avoided, and that most people think that that they&#8217;re already too burdensome to begin with. Most workers will see their paychecks shrink by 2% in 2013, and health care premiums are projected to rise 6.3% this year. Together, they&#8217;ll make the average worker roughly $1,500 poorer in 2013. In a dealnews post featuring 12 things that&#8217;ll be more expensive in 2013, there is plenty of overlap with the CNN Money list. Health care, cars, and various groceries are on both lists. The dealnews roundup also highlights college tuition<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65882&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Budgeting</primary_category><primary_category_link>http://business.time.com/category/saving-spending/budgeting-saving-spending/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/872252-001-e1357319620153.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/01/872252-001-e1357319620153.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/01/872252-001-e1357319620153.jpg?w=240" medium="image">
			<media:title type="html">fortune teller looking at crystal ball</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
		</media:content>
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		<title>Online Shopping: More Popular (Yet Less Satisfying) Than Ever</title>
		<link>http://business.time.com/2013/01/03/online-shopping-more-popular-yet-less-satisfying-than-ever/</link>
		<comments>http://business.time.com/2013/01/03/online-shopping-more-popular-yet-less-satisfying-than-ever/#comments</comments>
		<pubDate>Thu, 03 Jan 2013 16:00:33 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Apple Store]]></category>
		<category><![CDATA[customer service]]></category>
		<category><![CDATA[Delia Ephron]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[FingerHut]]></category>
		<category><![CDATA[ForeSee]]></category>
		<category><![CDATA[gifts]]></category>
		<category><![CDATA[Gilt]]></category>
		<category><![CDATA[holiday shopping]]></category>
		<category><![CDATA[J Crew]]></category>
		<category><![CDATA[jcpenney]]></category>
		<category><![CDATA[online shopping]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65416</guid>
		<description><![CDATA[Based on the sales figures, consumers are increasingly content to turn to the web to get their holiday shopping done. Judging by survey data and heaping anecdotal evidence, however, we&#8217;re increasingly dissatisfied with online shopping in general. By most accounts, it was a terrific holiday season for e-commerce. Online sales on Cyber Monday increased by 17% over last year, and e-retail sales shot up even more sharply on Thanksgiving and Black Friday. Overall, e-commerce purchases were up around 15% for the season, and, according to comScore, at least 12 days during the season surpassed the $1 billion mark for online sales. What&#8217;s more, December 25 may have come and gone, but we&#8217;re still in the thick of the holiday shopping season, thanks to post-Christmas and post-New Year&#8217;s sales—and especially thanks to the increased popularity of gift cards. “Between gift cards and the lure of more discounts, the holiday season now goes into the middle of January at minimum,” Paula Rosenblum, managing partner of Retail Systems Research, told InternetRetailer.com. “The consumer is looking for a deal and retailers have inventory to get rid of. It makes for an active period.” (MORE: For Online Shoppers, It&#8217;s the Most Wonderful Frustrating Time of the Year) Yet as more consumers turn to online shopping before and after the holidays, more critics are voicing their dissatisfaction with e-retail. The biggest argument in favor of online shopping is that it eliminates the hassle of having to go to a store, but still, online shopping is hardly without hassles. Perhaps the most public critique of online shopping appeared in a New York Times op-ed just before Christmas. In it, the author and screenwriter Delia Ephron wrote of her experience purchasing and shipping holiday gifts from J. Crew. The piece&#8217;s title – &#8220;The Hell of Online Shopping&#8221; – reveals that the experience didn&#8217;t go so well. Among the problems: Purchased items were shipped to the wrong people; presents that were supposed to be gift-wrapped never were; cards alerting the recipients where the goods came from were buried deep<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65416&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Retail</primary_category><primary_category_link>http://business.time.com/category/companies-industries/retail-big-companies/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/97768048-e13494529803381.jpg?w=240</featured_image>
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			<media:title type="html">Mouse pointer hitting shopping cart icon</media:title>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Apple Fans Lash Back at Idea That There&#8217;s an &#8216;Apple Tax&#8217;</title>
		<link>http://business.time.com/2012/12/12/apple-fans-lash-back-at-idea-that-theres-an-apple-tax/</link>
		<comments>http://business.time.com/2012/12/12/apple-fans-lash-back-at-idea-that-theres-an-apple-tax/#comments</comments>
		<pubDate>Wed, 12 Dec 2012 14:35:45 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Odd Spending]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[addiction]]></category>
		<category><![CDATA[gadgets]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Obsession]]></category>
		<category><![CDATA[tech]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=63936</guid>
		<description><![CDATA[Are the fanboys who wait outside Apple stores for hours to buy new iPhones and iPads basically slaves? Are the hundreds of dollars some families spend year in, year out on new Apple products tantamount to a tax? A Reuters column about &#8220;America&#8217;s costly obsession&#8221; over Apple gadgets argues that consumers have grown so accustomed to dropping money on new Apple tech, that these annual expenses—reportedly an average of $444 per household, up from just $150 in 2007—can be described as the &#8220;Apple tax.&#8221; &#8220;Remember, this is not something that consumers are being forced to pay,&#8221; Reuters&#8217; Chris Taylor writes. &#8220;They are dipping willingly into their own pockets, because they&#8217;re essentially slaves to the devices.&#8221; (MORE: The Office Party Survival Guide) Unsurprisingly, the &#8220;slaves&#8221; didn&#8217;t like the way they were being depicted. The MacObserver, for instance, declared the column &#8220;egregious in both the scope of its stupidity and its lack of accuracy.&#8221; Mac Daily News hammered on the absurdity of there being an &#8220;Apple tax&#8221;: Newsflash: Some people actually use Apple products to – gasp! – make money. Imagine that. Most of our Apple devices are our very stylish slaves, minimalist minions that generate many times more than they cost upfront or to maintain (right around $0). Other Apple devices that we have mostly for our own enjoyment (Apple TV, iPods, iPad mini, etc.) deliver high quality and value for the money. (MORE: &#8216;Tis the Season: A Dozen Luxe Holiday Gifts for Him, 2012) Salon&#8217;s Andrew Leonard also chimed in: What makes a tax a tax? The fact that you are forced to pay it! If you are willingly dipping into your own pockets to make a discretionary purchase you are not paying a tax. (It’s even harder to reconcile the slavery metaphor. Slaves don’t pay taxes, either. Are we paying a tax, or are we owned, lock, stock and barrel?) We may chuckle at the folks who sleep overnight—or pay a big premium—to be among the first to get their hands on the newest iPhone. Such behavior may seem<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=63936&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Apple CEO Tim Cook Announces U.S. Mac Production, Warns: &#8216;Don&#8217;t Bet Against Us&#8217;</title>
		<link>http://business.time.com/2012/12/07/apple-ceo-tim-cook-announces-u-s-mac-production-warns-dont-bet-against-us/</link>
		<comments>http://business.time.com/2012/12/07/apple-ceo-tim-cook-announces-u-s-mac-production-warns-dont-bet-against-us/#comments</comments>
		<pubDate>Fri, 07 Dec 2012 13:00:27 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[patents]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=63456</guid>
		<description><![CDATA[What&#8217;s up with Apple CEO Tim Cook? The normally low-key 52-year-old operational wizard, who assumed command of Apple last year following the death of Steve Jobs, has been on something on a publicity tour this week, with a cover story in Bloomberg BusinessWeek and an appearance Thursday night on Rock Center with Brian Williams. Cook&#8217;s media blitz comes at a critical time for Apple, as the company is navigating what will surely be the biggest holiday sales season in its history. Apple is also facing renewed Wall Street scrutiny over the fact that its stock price has fallen by more than 20% over the last three months. Then there are the persistent questions about working conditions at massive Chinese factories run by Foxconn, where most of Apple&#8217;s gadgets are manufactured. Add an increasingly bitter patent fight with hardware giant Samsung &#8212; it&#8217;s widely viewed as a proxy fight against Apple&#8217;s arch-enemy Google &#8212; and it&#8217;s not hard to see why Cook would want to get out there and tell the Apple story from his perspective. In his interview with Brian Williams, which aired Thursday night at 10 p.m. EST, Cook came across as he has in past public appearances: stiff and guarded, with a quiet intensity and seriousness that was punctuated only occasionally by forced smiles. By his own admission, Cook, a native of Robertsdale, Ala., who attended Auburn and Duke and worked his way up the Silicon Valley ranks before being hired by Jobs in 1998, is a &#8220;very private person.&#8221; It&#8217;s clear that he&#8217;s still getting used to his role in the public eye, as CEO of the world&#8217;s most valuable technology company. &#8220;This is kind of your television coming out,&#8221; Williams remarked toward the end of the interview. (MORE: Apple vs. Google Is the Most Important Battle in Tech) The big headline from the interview was Cook&#8217;s disclosure that Apple, which has faced criticism for outsourcing much of the company&#8217;s manufacturing to China, plans to &#8220;do one of our existing Mac lines in the Unites States.&#8221; In the Bloomberg interview Cook said the company plans to spend $100 million<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=63456&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr39hhl.jpg?w=240</featured_image>
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			<media:title type="html">Apple CEO Tim Cook waves to the audience during an Apple event in San Jose</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft</title>
		<link>http://business.time.com/2012/10/26/apple-profits-surge-24-ahead-of-holidays-as-ceo-tim-cook-disses-microsoft/</link>
		<comments>http://business.time.com/2012/10/26/apple-profits-surge-24-ahead-of-holidays-as-ceo-tim-cook-disses-microsoft/#comments</comments>
		<pubDate>Fri, 26 Oct 2012 12:00:08 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPad Mini]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[iphone 5]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Surface]]></category>
		<category><![CDATA[tablet]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=59155</guid>
		<description><![CDATA[Tech titan Apple reported a 24% increase in quarterly profit Thursday, but that figure failed to meet the sky-high expectations of Wall Street analysts. Sales of the company&#8217;s iPad tablet device fell short of analyst forecasts, as many consumers held off buying in anticipation of the new iPad Mini, which was released earlier this week. But now that the product has arrived to the market, along with the iPhone 5, which was introduced on Sept. 21, the holiday quarter is shaping up to be a monster for Apple. Apple said it expects to generate revenue of $52 billion over the holidays, a staggering figure that would set a record for the largest quarterly sales haul ever by a tech company, according to CNNMoney. Still, on an earnings-per-share basis, Apple&#8217;s forecast came in below analyst expectations. Investors were largely unfazed by the profit miss, however, and Apple&#8217;s shares only dipped about 1% in after-hours trading. (MORE: Apple Planning Pandora Rival: Is Web Radio Ready for Prime Time?) Apple&#8217;s profit for the last quarter was $8.2 billion, a 24% increase over the same period last year, when the company reported net income of $6.6 billion. Overall revenue increased 27% from last year to $36 billion, slightly topping analyst expectations of $35.8 billion. For the entire fiscal year, Apple said revenue was $156.5 billion, an immense figure that is greater than Google, Microsoft, and Facebook sales combined. “We’re very proud to end a fantastic fiscal year with record September quarter results,” said Tim Cook, Apple’s CEO. “We’re entering this holiday season with the best iPhone, iPad, Mac, and iPod products ever, and we remain very confident in our new product pipeline.” Setting aside Wall Street expectations, it&#8217;s clear that consumers&#8217; love affair with Apple products has not diminished. The company sold 26.9 million iPhones and 14 million iPads. As usual, Apple suffers from a unique problem: Its products are so popular that the company literally cannot produce enough of them to satisfy consumer demand. &#8220;We&#8217;re in a significant state of backlog right now,&#8221; Cook said of the iPhone, adding that he can&#8217;t project &#8220;whether<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=59155&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/1427_154618923.jpg?w=240</featured_image>
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			<media:title type="html">image: Apple CEO Tim Cook Introduces Latest iPad</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Unhappy Holidays? Lackluster Season Expected for Several Shopping Categories</title>
		<link>http://business.time.com/2012/10/23/unhappy-holidays-lackluster-season-expected-for-several-shopping-categories/</link>
		<comments>http://business.time.com/2012/10/23/unhappy-holidays-lackluster-season-expected-for-several-shopping-categories/#comments</comments>
		<pubDate>Tue, 23 Oct 2012 17:00:12 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[ad-matching]]></category>
		<category><![CDATA[Apple Store]]></category>
		<category><![CDATA[Best Buy]]></category>
		<category><![CDATA[Christmas]]></category>
		<category><![CDATA[electronics]]></category>
		<category><![CDATA[everyday low pricing]]></category>
		<category><![CDATA[holiday shopping]]></category>
		<category><![CDATA[JC Penney]]></category>
		<category><![CDATA[JCP]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[price matching]]></category>
		<category><![CDATA[Ron Johnson]]></category>
		<category><![CDATA[Target]]></category>
		<category><![CDATA[toys]]></category>
		<category><![CDATA[video games]]></category>
		<category><![CDATA[Wal-Mart]]></category>
		<category><![CDATA[Walmart]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=58050</guid>
		<description><![CDATA[Studies from Deloitte, the National Retail Federation, and Booz &#38; Co. all predict modest retail sales increases for the holiday period, with rises generally up in the vicinity of 3% or 4%. Online and mobile sales are expected to perform particularly well. But not every component of the retail sector can look forward to a jolly season ahead. Here are a few areas, including some traditional holiday purchase staples, that are likely to underwhelm: Toys It&#8217;s not like shoppers have suddenly decided to quell their consumption habits and forego toy purchases entirely for the holidays. (Try explaining that change of heart to the kids on Christmas morning, around a tree devoid of dolls, action figures, and other playthings.) But, as CNBC reported, Goldman Sachs has downgraded shares of some toy manufacturers because of continued underwhelming sales of traditional toys—you know, the ones you touch in real life, not ones you play with virtually on iPads and smartphones: “The nominal amount spent on traditional toys/games in the U.S. per capita is down 30 percent from $85 per person to $60 per person since 1998, and the pace of the decline has accelerated to 5 percent to 10 percent year to date,” said Michael Kelter, an analyst at Goldman Sachs who covers the industry, in a research note announcing the ratings changes. (MORE: Ouch! Majority of &#8216;Hot&#8217; Holiday Toys Cost $50 or More) Sales of board games and puzzles, as well as toys featuring brands like Transformers, Nerf, and Fisher-Price—all of which have been quite popular in the past—are expected to decline this year and next. Video games One might assume that if consumers aren&#8217;t buying as many tangible games, they&#8217;ll probably be purchasing games played on screens instead. That&#8217;s not necessarily the case. Retails sales of video games have been in a slump, according to MarketWatch, with retail sales of games and hardware down substantially through the first nine months of 2012—decreasing 27% and 35%, respectively. New editions of top-selling games like &#8220;Halo,&#8221; &#8220;Call of Duty,&#8221; and &#8220;Assassin&#8217;s Creed&#8221; will hit the market<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=58050&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Retail</primary_category><primary_category_link>http://business.time.com/category/companies-industries/retail-big-companies/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/83605397-e1350935985278.jpg?w=240</featured_image>
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			<media:title type="html">christmas tree made of money</media:title>
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			<media:title type="html">bradtuttle</media:title>
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		<title>Inside Google&#8217;s Terrible, Horrible, No Good, Very Bad Day</title>
		<link>http://business.time.com/2012/10/19/googles-terrible-horrible-no-good-very-bad-day/</link>
		<comments>http://business.time.com/2012/10/19/googles-terrible-horrible-no-good-very-bad-day/#comments</comments>
		<pubDate>Fri, 19 Oct 2012 12:00:29 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Curious Capitalist]]></category>
		<category><![CDATA[Davos]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[R.R. Donnelley]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=52219</guid>
		<description><![CDATA[Google stunned Wall Street Thursday by accidentally releasing its third-quarter earnings report four hours ahead of schedule. Even worse, the search giant's financial figures came in well below analyst expectations on both overall revenue and profit. Taken together, the botched earnings release and the soft numbers caused Google shares to fall off a cliff by 9% in mid-day trading, wiping out $20 billion in market value in under 20 minutes before trading in the stock was halted by the NASDAQ exchange for some two-and-a-half hours. Once trading resumed, Google shares inched higher. This debacle raises several questions.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=52219&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>6</slash:comments>
	<primary_category>Wall Street &amp; Markets</primary_category><primary_category_link>http://business.time.com/category/wall-street-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/144948912.jpg?w=240</featured_image>
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			<media:title type="html">Google&#039;s Larry Page Holds Media Event In New York City</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>Intel, IBM Earnings Spook Wall Street, Stoke Tech Sector Fears</title>
		<link>http://business.time.com/2012/10/17/intel-ibm-earnings-spook-wall-street-stoke-tech-sector-fears/</link>
		<comments>http://business.time.com/2012/10/17/intel-ibm-earnings-spook-wall-street-stoke-tech-sector-fears/#comments</comments>
		<pubDate>Wed, 17 Oct 2012 12:00:29 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
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		<guid isPermaLink="false">http://business.time.com/?p=52101</guid>
		<description><![CDATA[Technology bellwethers Intel and IBM delivered lackluster earnings reports Tuesday, sending shares of each company down more than 3% in after-hours trading. The results, which garnered tepid reviews from Wall Street analysts, represent a disappointing start to the technology earnings season, and could foreshadow further downbeat reports from other tech titans. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=52101&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>6</slash:comments>
	<primary_category>Wall Street &amp; Markets</primary_category><primary_category_link>http://business.time.com/category/wall-street-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/600_biz_intel_1015.jpg?w=240</featured_image>
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			<media:title type="html">Intel Logo</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>All Eyes on Intel as Tech Earnings Kick Off Amid Investor Gloom</title>
		<link>http://business.time.com/2012/10/16/all-eyes-on-intel-as-tech-earnings-kick-off-amid-investor-gloom/</link>
		<comments>http://business.time.com/2012/10/16/all-eyes-on-intel-as-tech-earnings-kick-off-amid-investor-gloom/#comments</comments>
		<pubDate>Tue, 16 Oct 2012 14:08:17 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
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		<guid isPermaLink="false">http://business.time.com/?p=51942</guid>
		<description><![CDATA[Halloween always seems to coincide with technology earnings season, so it&#8217;s not surprising that the latest round of corporate reports could be a little scary. The world&#8217;s largest microchip-maker Intel will kick things off after the U.S. stock market closes on Tuesday. Over the next two weeks, America&#8217;s top public tech companies will report their latest performance to shareholders. Investors are slightly spooked after a month of the U.S. stock market moving sideways. With China&#8217;s growth rate slowing and Europe in a near-recession, the global economy seems almost like a Zombie. Expectations are so downcast that many investors seem like they&#8217;re in Doomsday Prepper-mode, hunkering down until after the election when there might be more certainty about which political party will run the U.S. government. A weakening U.S. dollar will help America&#8217;s largest tech companies on exports, but not enough to offset sluggish consumer spending in Europe, China, and elsewhere in Asia. (MORE: Intel’s Earnings Warning is an Ominous Sign for the Tech Sector) In an indication of investor pessimism, Wall Street&#8217;s consensus view is that S&#38;P 500 earnings will decline 3% this quarter, according to data cited by Reuters. After Intel reports Tuesday, investors will be looking forward to Google&#8217;s report on Thursday. The performance of these two companies, both considered tech bellwethers, will set the tone for the rest of earnings season, including Apple&#8217;s highly anticipated report next week. In an ominous sign of things to come, Intel last month reduced its third-quarter revenue guidance citing &#8220;a weak macro environment, customers reducing inventory in the supply chain, softness in the enterprise PC market, and slowing emerging market demand,&#8221; as Baird Equity Research analyst Tristan Gerra observed in a note to clients. David Abate, a wealth adviser with Strategic Wealth Partners told Reuters than he&#8217;s skeptical about Intel&#8217;s earnings, given that many consumers seem to be sitting on the sidelines of the electronics market. &#8221;There&#8217;s diminishing demand in the PC market and we are concerned about (the company&#8217;s) top-line growth,&#8221; Abate told the wire service. (&#8220;Top-line&#8221; refers to overall sales, versus bottom line, which is profit.) Intel shares are down over 10% so far this year. Wall<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=51942&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	<primary_category>Wall Street &amp; Markets</primary_category><primary_category_link>http://business.time.com/category/wall-street-markets/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/600_biz_intel_1015.jpg?w=240</featured_image>
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			<media:title type="html">Intel Logo</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Apple vs. Google Is the Most Important Battle in Tech</title>
		<link>http://business.time.com/2012/10/12/why-apple-vs-google-is-the-most-important-battle-in-tech/</link>
		<comments>http://business.time.com/2012/10/12/why-apple-vs-google-is-the-most-important-battle-in-tech/#comments</comments>
		<pubDate>Fri, 12 Oct 2012 12:00:12 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
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		<guid isPermaLink="false">http://business.time.com/?p=51502</guid>
		<description><![CDATA[In the 1990s, Microsoft Internet Explorer battled Netscape Navigator in the great Web-browser wars. In the 2000s, Google and Yahoo locked horns over Internet search &#8212; and we know how that turned out. Today, the latest high-stakes tech conflict is between Apple&#8217;s iPhone and Google&#8217;s Android mobile operating system for supremacy in the smart-phone market. Each of these clashes defined an era of Internet history. Apple vs. Android is no different. Everyone agrees that the struggle for Internet advantage is shifting to the mobile realm, and iPhone and Android have surged to the front of the pack with diametrically opposed business models. Neither of these players will be vanquished anytime soon &#8212; these battles take years to play out &#8212; but the company that gains the upper hand will be best positioned to take advantage of the massive structural shift from desktop PCs to smart phones and tablets. Apple and Google realize how huge the stakes are in this fight. Apple&#8217;s late CEO, Steve Jobs, revolutionized the mobile-phone market with the iPhone, and he was furious when Google launched Android because he was convinced it ripped off features from the iPhone. (In August, a San Jose, Calif., federal jury agreed.) Google, meanwhile, has poured millions of dollars into developing Android and billions more bolstering its intellectual-property position by buying Motorola Mobility for $12.5 billion. (MORE: Google Chairman Eric Schmidt Raps Apple on iPhone Maps, Floats Yahoo! Search Pact) This smart-phone showdown is important because Apple and Google are advancing radically different business models to the fight. This is bigger than just a commercial clash between two tech titans. It&#8217;s a war between two fundamentally different visions for the future of computing, described in simplistic terms as closed vs. open. Apple&#8217;s model is end-to-end control over the iPhone process, from hardware to software to the mobile applications that it must approve for sale in the App Store. Google’s model has been to distribute the Android system for free to the developer community at large and let a thousand flowers bloom. Each company has been successful with its respective strategy: Apple makes $1 billion per<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=51502&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>16</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/10/biz_google_1011.jpg?w=240</featured_image>
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			<media:title type="html">Eric Schmidt</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Google Chairman Eric Schmidt Raps Apple on iPhone Maps, Floats Yahoo! Search Pact</title>
		<link>http://business.time.com/2012/09/26/googles-eric-schmidt-raps-apple-on-iphone-maps-floats-yahoo-search-pact/</link>
		<comments>http://business.time.com/2012/09/26/googles-eric-schmidt-raps-apple-on-iphone-maps-floats-yahoo-search-pact/#comments</comments>
		<pubDate>Wed, 26 Sep 2012 12:00:53 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
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		<guid isPermaLink="false">http://business.time.com/?p=50224</guid>
		<description><![CDATA[Google&#8217;s executive chairman Eric Schmidt was in Tokyo Tuesday, and he used the occasion to express his frustration with Apple&#8217;s decision to yank Google Maps off the new iPhone 5. That move prompted a minor furor in the tech world, because Apple&#8217;s map application is inferior to Google Maps, which is generally viewed as the gold standard for mass-market mobile mapping products. Schmidt, who served on Apple&#8217;s board of directors until 2009, when Steve Jobs kicked him off over the obvious Android conflict-of-interest, asserted that Google would like to remain partners with Apple on a variety of mobile fronts, including web search, but acknowledged that the ball remains in Apple&#8217;s court. Schmidt also made some eyebrow-raising remarks about the possibility that Google, the undisputed web search leader, might link up with its erstwhile competitor Yahoo!, which is now run by a well-respected Google alumna. The iPhone 5 maps dustup is just the latest front in an epic battle between Google and Apple for supremacy in the mobile computing market. Apple&#8217;s late co-founder Steve Jobs went utterly ballistic when Google launched its Android mobile operating system. He was convinced that Android was ripping off Apple&#8217;s iPhone features. So he kicked Schmidt off the board, launching an increasingly bitter rivalry between the two tech giants that continues to this day. Apple&#8217;s worldwide intellectual property (patent) campaign against Samsung, HTC, and other Google partners (including the search giant&#8217;s newly acquired Motorola Mobility division) is really a proxy fight against Android, which Tim Cook continues to wage on behalf of his departed mentor. (MORE: Google Fiber Issues Public Challenge: Get Up To Speed!) Apple and Google&#8217;s mobile models are diametrically opposed. Apple has succeeded with end-to-end control over the iPhone process, from hardware to software to mobile apps. Google&#8217;s model is to unleash the Android system for free to the hardware and developer community at large, in order to leverage the power of developers and builders worldwide. The result is that Apple makes vastly more money on each iPhone it sells, while Android has chalked up astonishing market-share gains, growing to lead the global mobile OS market in just 5 years. Apple&#8217;s decision to yank Google Maps off the new iPhone is a<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=50224&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>20</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/09/biz_google_0925.jpg?w=240</featured_image>
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			<media:title type="html">Google Executive Chairman Schmidt</media:title>
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			<media:title type="html">shgustin</media:title>
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