Webwire: Temasek pares Shin stake; Apple rejects cheap iPhone rumor?

Staff writer
11 Jan 2013
00:00

Temasek sells $690m in Shin Corp shares

Singapore state investment company Temasek Holdings has sold a nearly 10% stake in Shin Corp, owner of 40% of Thai mobile operator AIS and 41% of Thaicom, for 20.9 billion baht ($689.8 million). Temasek's stake in Shin Corp has now been reduced to 13.3%.

Bloomberg

Apple exec said to dismiss cheaper iPhone rumor

A Chinese newspaper has reported that Apple marketing chief Steve Schiller dismissed widespread rumors that the company is working on a low-cost iPhone for developing markets, citing the company's abnormally high profit margins.

Reuters

Women's web use lags in developing countries

Women in developing countries are 25% likely than men to have regular internet access, and just 21% of women in the developing world are online today, according to a report from Intel, the UN and the US State Department.

Reuters

iTunes economy worth estimated $12b/year

An analysis of Apple's various reports on total iTunes downloads and developer payments suggest that the total iTunes economy – including gross revenues generated by Apple, developers and media publishers – is worth around $12 billion a year.

Asymco

Sprint doesn't feel need to raise Clearwire bid

Sources say Sprint Nextel is confident it does not need to raise its $2 billion offer for Clearwire in the face of a higher bid from DISH, as it believes its proposal has non-monetary advantages.

Reuters

ZTE to launch Firefox OS phones this year

ZTE plans to launch smartphones powered by Mozilla Foundation's Firefox OS in Europe – and potentially in the US - this year.

BBC News

Samsung shows off bendable smartphone

Samsung has used CES to display a prototype bendable smartphone, which uses OLED screen technology.

New Zealand Herald

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