Nielsen to buy Arbitron for about $1.26B






NEW YORK (AP) — Nielsen, the dominant source of TV ratings, on Tuesday said it had agreed to buy Arbitron for about $ 1.26 billion to expand into radio measurement.


Arbitron pays 70,000 people to carry around gadgets that register what stations they’re listening to. Since Nielsen also collects cash register data, CEO David Calhoun said buying Arbitron will let Nielsen be a one-stop shop for advertisers who want to know how the radio advertising they buy affects product sales.






The acquisition will let Nielsen expand the amount of media consumption it tracks by about 2 hours per person per day to 7 hours, Calhoun said in an interview.


“You don’t find many mediums that allow for that kind of increase,” Calhoun said.


Arbitron’s operations are mainly in the U.S., while Nielsen operates globally. Calhoun said another major driver for the deal is that Nielsen wants to spread Arbitron’s tracking technology to other countries.


Evercore Partners analyst Douglas Arthur said Nielsen doesn’t need traditional radio measurement to grow, but Arbitron seemed like a willing seller, and it will be a “nice complementary but not ‘must have’ platform.”


Nielsen Holdings N.V. said it will pay $ 48 per share, which is a 26 percent premium to Arbitron’s Monday closing price of $ 38.04. Shares of Arbitron, which is based in Columbia, Md., jumped $ 8.99, or 23.6 percent, to close at $ 47.03.


Nielsen, which went public in January 2011, has headquarters in the Netherlands and New York. Its stock added $ 1.30, or 4.4 percent, to close at $ 30.92.


Nielsen said it expects the deal to add about 13 cents per share to its adjusted earnings a year after closing and about 19 cents per share to adjusted earnings two years after closing.


Abitron’s chief operating officer, Sean Creamer, is set to take over as CEO from William Kerr on Jan. 1. Calhoun said he hoped Creamer would remain with Nielsen after the deal closes.


Nielsen said it has a financing commitment for the transaction.


Nielsen was the prime source of audience ratings in the early days of radio, thanks to a device similar to Arbitron’s People Meter. The Audimeter was attached to the radio set. The company’s focus shifted to TV measurement in the 1950s.


On Monday, Nielsen announced a deal with Twitter to measure how much U.S. TV watchers tweet about the shows they’re watching. The “Nielsen Twitter TV Rating” will debut in the fall.


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Gabby Douglas, Adele among brightest young stars -Forbes magazine






NEW YORK (Reuters) – Fashion designer Carly Cushnie, actress Kate McKinnon and videogame creator Kim Swift may not be household names yet, but they are destined to do great things and will be tomorrow’s young stars, Forbes magazine said on Monday.


Along with Olympic Gold medalist gymnast Gabby Douglas, rapper Wiz Khalifa and researcher Josh Sommer, they have been chosen by the magazine for its “30 Under 30″ list of top achievers under 30 years old in their fields.






They are considered the top 30 achievers in 15 categories ranging from education, energy, music, science and healthcare to sports, technology games and apps and marketing.


“This is a celebration of youthful ambition and success. These are really amazing people and they are doing amazing things. It makes you very hopeful about the world,” Michael Noer, the executive editor of Forbes, said in an interview.


Many on the list, including singers Bruno Mars and Justin Bieber, as well as actresses Ashley and May Kate Olsen and fashion designer Alexander Wang, the newly appointed creative director at the French fashion house Balenciaga, are already well known.


Some are returnees to the list that was launched last year – like British singer and new mother Adele, the 24-year-old multiple Grammy Award winner, and American entrepreneur Kevin Systrom.


Noer said there has been a 60 percent turnover since 2011, so there are plenty of new faces on the list drawn up by Forbes staff and industry experts.


“I think there are a lot of interesting names on the list,” he said.


In energy, it is 28-year-old Leslie Dewan, a Massachusetts Institute of Technology graduate and co-founder and chief science officer of Transatomic Power.


“They are developing a new type of nuclear reactor that uses nuclear waste,” said Noer.


In music, Pittsburgh-bred Khalifa, 25, topped the list. Swift, the 29-year-old creative director at Airtight Games, was noted for creating hit videogame Portal.


Kate McKinnon, the actress from ‘Saturday Night Live’ who just joined in April is our Hollywood selection. She is being hailed as the next Tina Fey,” Noer said.


Sommer, the executive director of the Chordoma Foundation which raises funds for research into chordoma, a rare, slow-growing bone cancer most commonly found in the spine, is another young achiever, according to Forbes.


Sommer created the foundation with his mother after being diagnosed with the disease while a student at Duke University in North Carolina.


“He was diagnosed with a rare type of bone cancer, dropped out of school to find a cure and he has made some progress,” said Noer.


The full list will be published in the January 21 issue of Forbes and can also be found at www.forbes.com/under 30 .


(Reporting by Patricia Reaney; editing by Paul Casciato and Mohammad Zargham)


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GlaxoSmithKline wins U.S. approval for new flu vaccine






(Reuters) – U.S. health regulators have approved a new four-strain seasonal influenza vaccine made by GlaxoSmithKline Plc, the company said on Monday.


The U.S. Food and Drug Administration has approved Fluarix Quadrivalent to immunize children age 3 and older and adults against flu virus subtypes A and B contained in the vaccine.






It is the first intramuscular vaccine to protect against four influenza strains. Three-strain flu vaccines currently administered help protect against the two most common A virus strains and the B strain expected to be predominant in a given year, the company said.


Since 2000, however, two B virus strains have circulated to varying degrees each season, meaning patients infected with the B virus not contained in the vaccine were not immunized.


Fluarix Quadrivalent helps protect against the two A strains and adds coverage against a second B strain, the company said.


Three-strain vaccines “have helped protect millions of people against flu, but in six of the last 11 flu seasons, the predominant circulating influenza B strain was not the strain that public health authorities selected,” said Dr. Leonard Friedland, head of clinical development and medical affairs for Glaxo’s North American vaccines program.


“Fluarix Quadrivalent will help protect individuals against both B strains and from a public-health standpoint, can help decrease the burden of disease.”


Glaxo said it will make the vaccine available in time for the 2013-14 flu season and plans to fulfill orders for its trivalent, or three-strain, vaccines. Healthcare providers traditionally order flu vaccines about a year in advance of each flu season.


Fluarix Quadrivalent is not currently approved or licensed in any country outside of the United States.


(Reporting By Toni Clarke; Editing by Maureen Bavdek)


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How the Bar Code Took Over the World






In 1948 a supermarket executive showed up at the Drexel Institute of Technology, in Philadelphia, with a request: He wanted the engineers there to design a technology that could encode information about his products. Two graduate students, Bernard Silver and N. Joseph Woodland, took him up on it. Woodland became obsessed and dropped out of school to concentrate on the problem. That winter he was sitting on Miami Beach, dragging his fingers in the sand, when he had his Eureka moment: a series of lines of different widths could be deciphered like elongated versions of the dots and dashes of Morse Code. In other words, a bar code.


Woodland died last week, at a time when his technology has become so prevalent that it is almost invisible. Boxes of cereal, cans of soup, books, and magazines all have universal product codes. Anything you buy in a supermarket or department store does, too. The next time someone sends you a gift from Amazon.com (AMZN), take a look at the box that UPS (UPS) delivers. The sticker on it has multiple bar codes, all having to do with tracking the package as it makes its way through the bar-coded distribution system. You no longer just scan at the checkout, either. If you still shop for electronics at Best Buy (BBY) stores, chances are you’re “showrooming”—using one of the many smartphone apps that scan codes and check prices against those at other chains, both online and off.






The bar code was a feat of technology, for sure. But it wasn’t a sure thing: The proposed system started off as one option among many in a stand-off among competing interests. So what enabled the bar code to take over the world? How might today’s emerging technologies (we’re looking at you, mobile payments) achieve similar dominance?


Like other successful standards, the bar code had three essential ingredients, all of which are necessary—but not, on their own, sufficient:


A simplicity that overcomes habit. Until the late 1970s, every clerk in every supermarket in America tapped numbers onto a register keypad. The process was rife with errors; Many of us remember our parents poring over grocery receipts before leaving the store. Errors and all, it was the way retail functioned. Only a simple technology with obvious benefits could overcome that inertia. Bar codes are simple and iconic—people have even had them tattooed onto their bodies.


A governing body to knock heads and work out details. If every supermarket and potato-chip maker had chosen its own product-information technology, chaos would have ensued. Instead, a consortium of retailers and manufacturers got together and chose the UPC, an IBM (IBM) design that Woodland, who worked there, helped develop.


An extravagant, surprising, and often expensive effort to “seed the market.” The classic example here comes from the world of credit cards: The Fresno Drop of 1958. Back than, only the wealthy had credit cards. The middle class paid cash, or perhaps paid over time via an installment plan. As Joe Nocera recounts in his classic “A Piece of the Action: How the Middle Class Joined the Money Class”, a manager at Bank of America (BAC), realizing that the only way people would use credit cards is if everyone they knew did, too, had cards sent to every home in Fresno—60,000 in all. For UPC, the seeding of the market was a bit more mundane: the rise of Wal-Mart (WMT), which used the codes to create its legendarily efficient distribution system.


Half a century after the Fresno Drop and Woodland’s epiphany on the beach, there’s a similar battle brewing over mobile payment technologies. Consumers spend trillions of dollars around the world with credit cards. Google (GOOG), Apple (AAPL), banks, credit-card companies—everyone is scrambling to come up with ways to get a piece of that action.


One of the more interesting is Square, a startup in San Francisco launched by Twitter co-founder Jack Dorsey. Let’s see the ingredients. 
Simplicity? Check: It’s a small plastic square that plugs into an iPhone or iPad. A splashy move to dominate the market? Last month Square announced a deal to be in 7,000 Starbucks (SBUX) across the U.S. Strong consortium or governing body? A tangle of competing alliances is more like it. Two out of three, so far, for Square.


Businessweek.com — Top News





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N. Korea displays Kim Jong Il a year after death






PYONGYANG, North Korea (AP) — North Korea unveiled the embalmed body of Kim Jong Il, still in his trademark khaki jumpsuit, on the anniversary of his death Monday as mourning mixed with pride over a recent satellite launch that was a long-held goal of the late authoritarian leader.


Kim lies in state a few floors below his father, national founder Kim Il Sung, in the Kumsusan mausoleum, the cavernous former presidential palace. Kim Jong Il is presented lying beneath a red blanket, a spotlight shining on his face in a room suffused in red.






Wails echoed through the chilly hall as a group of North Korean women sobbed into the sashes of their traditional Korean dresses as they bowed before his body. The hall bearing the glass coffin was opened to select visitors — including The Associated Press — for the first time since his death.


North Korea also unveiled Kim’s yacht and his armored train carriage, where he is said to have died. Among the personal belongings featured in the mausoleum are the parka, sunglasses and pointy platform shoes he famously wore in the last decades of his life. A MacBook Pro lay open on his desk.


North Koreans paid homage to Kim and basked in the success of last week’s launch of a long-range rocket that sent a satellite named after him to space.


The launch, condemned in many other capitals as a violation of bans against developing its missile technology, was portrayed not only as a gift to Kim Jong Il but also as proof that his young son, Kim Jong Un, has the strength and vision to lead the country.


The elder Kim died last Dec. 17 from a heart attack while traveling on his train. His death was followed by scenes of North Koreans dramatically wailing in the streets of Pyongyang, and of the 20-something son leading ranks of uniformed and gray-haired officials through funeral and mourning rites.


The mood in the capital was decidedly more upbeat a year later, with some of the euphoria carrying over from last Wednesday’s launch. The satellite bears one of Kim Jong Il’s nicknames, Kwangmyongsong, or “Lode Star,” a moniker given to him at birth according to the official lore.


Cameras were not allowed inside the mausoleum, and state media did not release any images of Kim Jong Il’s body.


With the death anniversary came a hint that Kim Jong Un himself might soon be a father.


His wife, Ri Sol Ju, was seen on state TV with what appeared to be a baby bump as she walked slowly next to her husband at the mausoleum, where they bowed to statues of Kim’s father and grandfather.


There is no official word from Pyongyang about a pregnancy. In addition, Ri is shown wearing a billowing traditional Korean dress in black that makes it difficult to know for sure.


North Koreans are reluctant to discuss details of the Kim family that have not been released by the state. Still there are rumors even in Pyongyang about whether the country’s first couple is expecting.


To honor Kim’s father, North Koreans stopped in their tracks at midday and bowed their heads as the national flag fluttered at half-staff along streets and from buildings.


Pyongyang construction workers took off their yellow hard hats and bowed at the waist as sirens wailed across the city for three minutes.


Tens of thousands of North Koreans gathered in the frigid plaza outside, newly transformed into a public park with lawns and pergolas. Geese flew past snow-tinged firs and swans dallied in the partly frozen moat that rings the vast complex in Pyongyang’s outskirts.


“Just when we were thinking how best to uphold our general, he passed away,” Kim Jong Ran said at the plaza. “But we upheld leader Kim Jong Un. … We regained our strength and we are filled with determination to work harder for our country.”


Speaking outside the mausoleum, renamed the Kumsusan Palace of the Sun, the military’s top political officer, Choe Ryong Hae, said North Korea should be proud of the satellite, calling it “a political event with great significance in the history of Korea and humanity.”


Much of the rest of the world, however, was swift in condemning the launch, which was seen by the United States and other nations as a thinly disguised cover for testing missile technology that could someday be used for a nuclear warhead.


The test, which the U.N. Security Council said violated a ban on launches using ballistic missile technology, underlined Kim Jong Un’s determination to continue carrying out his father’s hardline policies even if they draw international condemnation.


Washington said Monday it has no option but to seek to isolate Pyongyang further.


“What’s left to us is to continue to increase pressure on the North Korean regime and we are looking at how to best to do that, both bilaterally and with our partners going forward until they (North Korea) get the message. We are going to further isolate this regime,” U.S. State Department spokeswoman Victoria Nuland said.


Some outside experts worry that Pyongyang’s next move will be to press ahead with a nuclear test in the coming weeks, a step toward building a warhead small enough to be carried by a long-range missile.


Despite inviting further isolation for his impoverished nation and the threat of stiffer sanctions, Kim Jong Un won national prestige and clout by going ahead with the rocket launch.


At a memorial service on Sunday, North Korea’s top leadership not only eulogized Kim Jong Il, but also praised his son. Kim Yong Nam, president of the Presidium of North Korea’s parliament, called the launch a “shining victory” and an emblem of the promise that lies ahead with Kim Jong Un in power.


The rocket’s success also fits neatly into the narrative of Kim Jong Il’s death. Even before he died, the father had laid the groundwork for his son to inherit a government focused on science, technology and improving the economy. And his pursuit of nuclear weapons and the policy of putting the military ahead of all other national concerns have also carried into Kim Jong Un’s reign.


In a sign of the rocket launch’s importance, Kim Jong Un invited the scientists in charge of it to attend the mourning rites in Pyongyang, according to state media.


The reopening of the mausoleum on the anniversary of the leader’s death follows tradition. Kumsusan, the palace where his father, Kim Il Sung, served as president, was reopened as a mausoleum on the anniversary of his death in 1994.


___


Associated Press writers Hyung-jin Kim in Seoul, South Korea, and Matthew Pennington in Washington contributed to this report. Follow Jean Lee, AP’s bureau chief for Pyongyang and Seoul, at www.twitter.com/newsjean.


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What If Nothing or Nobody is to Blame for Adam Lanza? Guns, Video Games, Autism or Authorities






What if there is nobody or nothing to blame for Adam Lanza‘s heinous acts? Other than Lanza, of course.


What if school security and the school psychiatrist kept an eye on Lanza since his freshman year? The Wall Street Journal has a compelling narrative about the red flags addressed.






What if he had a form of autism that has little or no link to violent behavior? Lanza may have had Asperger’s syndrome but, even so, that is not a cause.


(RELATED: How To Make Sense of America’s Confusing Patchwork of Gun Control Laws)


What if it’s too simple to lay the massacre at the feet of the gun lobby? Reader Larry Kelly tweets that shaming Aspies “makes about as much sense at stigmatizing the NRA. Pick an enemy … any enemy. Let outrage and fear rule.”


What if Lanza wasn’t provoked by video games? David Axelrod, a close friend an adviser of President Obama, tweeted last night: “In NFL post-game: an ad for shoot ‘em up video game. All for curbing weapons of war. But shouldn’t we also quit marketing murder as a game.”


When I asked whether he was laying groundwork for a White House initiative, Axelrod said no: “Just one man’s observation.” A senior administration official, speaking on condition of anonymity, said today that Axelrod was not a stalking horse for Obama on this issue.


What if Lanza’s mother did everything she could, short of keeping her guns out her adult son’s reach? What if he wasn’t bullied?


What if there is nobody or nothing to blame? Would that make this inexplicable horror unbearable?


What if we didn’t rush to judgement? What if we didn’t waste our thoughts, prayers and actions on assigning blame for the sake of mere recrimination? What if we calmly and ruthlessly learned whatever lessons we can from the massacre — and prevented the next one?


What if it wasn’t one thing, but everything, that set off Lanza?


Gaming News Headlines – Yahoo! News





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Jack Hanlon, actor in Our Gang films, dies in NV






RENO, Nev. (AP) — Jack Hanlon, who had roles in the 1926 silent classic “The General” and in two 1927 “Our Gang” comedies, died Thursday in Las Vegas at the age of 96.


His niece, Wendy Putnam Park of Las Vegas, says the precocious, freckle-faced Hanlon was a natural as a child actor from 1926 to 1933.






After a small role with Buster Keaton in “The General,” he played mischievous kids in two of Hal Roach’s “Our Gang/Little Rascals” films: “The Glorious Fourth” and “Olympic Games.”


Hanlon also played an orphan in the 1929 drama “The Shakedown,” and got an on-screen kiss from Greta Garbo in the 1930 film “Romance.”


After leaving Hollywood, Hanlon became a furniture mover and moved to Las Vegas in 1994.


Burial will be in Santa Monica, Calif.


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Warning over growing fuel poverty







Around 300,000 extra households could be forced into fuel poverty within weeks, according to a lobby group.






The Fuel Poverty Advisory Group has called on Prime Minister David Cameron to tackle what it describes as a “spiralling” problem.


Energy prices have risen by 7% on average this year, taking the average annual direct debit bill to £1,247.


A household is considered to be in fuel poverty if more than 10% of its income is spent on home heating.


The Fuel Poverty Advisory Group, which is funded by the Department of Energy, estimates that nine million people could meet that criteria by 2016, and that 300,000 additional homes will be added to that figure this winter alone.


Continue reading the main story

The plight of the fuel poor has never been more serious”



End Quote Derek Lickorish FPAG


Consumer groups want the government to use some of the £4bn in annual carbon taxes set to be collected to help tackle this issue – including a more ambitious programme of home insulation.


From next year energy firms will be required to cut the number of different tariffs on offer to four, and place customers on the cheapest available price in their chosen tariff.


The advisory group said the government should create a cross-departmental body to ensure a “joined-up approach” as well as creating a new duty for local authorities to meet fuel poverty targets.


It also said an urgent impact assessment of welfare reforms on fuel poverty was needed.


‘Toxic cocktail’


“With a cold winter, welfare reforms cutting incomes, and all at a time of austerity measures and other rising household costs, the plight of the fuel poor has never been more serious,” said Derek Lickorish, chairman of the FPAG.


“Millions are living in misery due to high energy bills. Yet time is running out for the government to fuel poverty-proof the homes of those on the lowest incomes.


“A toxic cocktail of rising wholesale prices, the high cost of energy reforms and cuts in incomes for many households means fuel poverty levels are set to sky rocket without radical action.”


Last month energy regulator Ofgem and the government outlined proposals for simplifying the energy market.


Under government plans, consumers will be given the chance to choose from one of four types of tariff. These must include a variable rate deal and one with a fixed rate over a certain period of time. Others may include a green tariff or similar, whatever the supplier thinks is competitive.


Suppliers must offer just one price for each of the four tariffs. Customers will be put on the cheapest price of the tariff of their choice.


BBC News – Business





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Egyptians hand Islamists narrow win in constitution vote






CAIRO (Reuters) – Egyptians voted in favor of a constitution shaped by Islamists but opposed by other groups who fear it will divide the Arab world’s biggest nation, officials in rival camps said on Sunday after the first round of a two-stage referendum.


Next week’s second round is likely to give another “yes” vote as it includes districts seen as more sympathetic towards Islamists, analysts say, meaning the constitution would be approved.






But the narrow win so far gives Islamist President Mohamed Mursi only limited grounds for celebration by showing the wide rifts in a country where he needs to build a consensus for tough economic reforms.


The Muslim Brotherhood‘s party, which propelled Mursi to office in a June election, said 56.5 percent backed the text. Official results are not expected until after the next round.


While an opposition official conceded the “yes” camp appeared to have won the first round, the opposition National Salvation Front said in a statement that voting abuses meant a rerun was needed – although it did not explicitly challenge the Brotherhood‘s vote tally.


Rights groups reported abuses such as polling stations opening late, officials telling people how to vote and bribery. They also criticized widespread religious campaigning which portrayed “no” voters as heretics.


A joint statement by seven human rights groups urged the referendum’s organizers “to avoid these mistakes in the second stage of the referendum and to restage the first phase again”.


Mursi and his backers say the constitution is vital to move Egypt’s democratic transition forward. Opponents say the basic law is too Islamist and tramples on minority rights, including those of Christians who make up 10 percent of the population.


The build-up to Saturday’s vote was marred by deadly protests. Demonstrations erupted when Mursi awarded himself extra powers on November 22 and then fast-tracked the constitution through an assembly dominated by his Islamist allies.


However, the vote passed off calmly with long queues in Cairo and several other places, though unofficial tallies indicated turnout was around a third of the 26 million people eligible to vote this time. The vote was staggered because many judges needed to oversee polling staged a boycott in protest.


The opposition had said the vote should not have been held given the violent protests. Foreign governments are watching closely how the Islamists, long viewed warily in the West, handle themselves in power.


“It’s wrong to have a vote or referendum with the country in the state it is – blood and killings, and no security,” said Emad Sobhy, a voter who lives in Cairo. “Holding a referendum with the country as it is cannot give you a proper result.”


INCREASINGLY DIVIDED


As polls closed, Islamists attacked the offices of the newspaper of the liberal Wafd party, part of the opposition National Salvation Front coalition that pushed for a “no” vote.


“The referendum was 56.5 percent for the ‘yes’ vote,” a senior official in the Brotherhood’s Freedom and Justice Party operations room set up to monitor voting told Reuters.


The Brotherhood and its party had representatives at polling stations across the 10 areas, including Cairo, in this round. The official, who asked not to be identified, said the tally was based on counts from more than 99 percent of polling stations.


“The nation is increasingly divided and the pillars of state are swaying,” opposition politician Mohamed ElBaradei wrote on Twitter. “Poverty and illiteracy are fertile grounds for trading with religion. The level of awareness is rising fast.”


One opposition official also told Reuters the vote appeared to have gone in favor of Islamists who backed the constitution.


The opposition initially said its exit polls indicated the “no” camp would win comfortably, but officials changed tack during the night. One opposition official said in the early hours of Sunday that it would be “very close”.


A narrow loss could still hearten leftists, socialists, Christians and more liberal-minded Muslims who make up the disparate opposition, which has been beaten in two elections since Hosni Mubarak was overthrown last year.


They were drawn together to oppose what they saw as a power grab by Mursi as he pushed through the constitution. The National Salvation Front includes prominent figures such as ElBaradei, former Arab League chief Amr Moussa and firebrand leftist Hamdeen Sabahy.


If the constitution is approved, a parliamentary election will follow early next year.


DEADLY VIOLENCE


Analysts question whether the opposition group will keep together until the parliamentary election. The Islamist-dominated lower house of parliament elected earlier this year was dissolved based on a court order in June.


Violence in Cairo and other cities has plagued the run-up to the referendum. At least eight people were killed when rival camps clashed during demonstrations outside the presidential palace earlier this month.


In order to pass, the constitution must be approved by more than 50 percent of those casting ballots. There are 51 million eligible voters in the nation of 83 million.


Islamists have been counting on their disciplined ranks of supporters and on Egyptians desperate for an end to turmoil that has hammered the economy and sent Egypt’s pound to eight-year lows against the dollar.


The army deployed about 120,000 troops and 6,000 tanks and armored vehicles to protect polling stations and other government buildings. While the military backed Mubarak and his predecessors, it has not intervened in the present crisis.


(Additional reporting Yasmin Saleh and Marwa Awad; Writing by Edmund Blair and Giles Elgood; Editing by Tom Pfeiffer)


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Apple says China iPhone 5 sales in first weekend top two million






(Reuters) – Apple Inc sold more than 2 million of its new iPhone 5 in China during the three days after its launch there on Friday, marking China’s best-selling iPhone rollout ever, the company said late on Sunday.


“Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China,” Apple Chief Executive Tim Cook said in a statement.






Apple’s latest iPhone, which offers a larger 4-inch screen and 4G capability, was launched in the United States and 30 other countries in September, when the company sold more than 5 million of the devices in the first three days.


The device’s highly anticipated release in China, Apple’s second-biggest market, failed to stop the recent share slide of the world’s most valuable technology company, and analysts said Apple’s longer-term China hopes may hinge on a partnership with China Mobile Ltd, the country’s top telecoms carrier.


(Reporting by Sakthi Prasad in Bangalore; Editing by Edmund Klamann)


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