Category: Gadgets

Technology news made as device giants shield their profits

Apple and Samsung are not required to publically disclose their profit statements.

A Federal appeals panel has just released a ruling that is making technology news headlines and that has entitled tech giants Apple and Samsung to proceed without a requirement to reveal their profit information and many other confidential financial details.

The decision of this panel is a direct reversal of a previous ruling that had been made by a lower court.

The technology news from the previous ruling would have required both Apple and Samsung to publically disclosed highly protected sales and profit data. The First Amendment Coalition, an advocacy group that gave its arguments within the appeals court in favor of forcing the companies to disclose their financial data, has expressed its disappointment in the outcome by way of a statement from its executive director, Peter Scheer.

This specific technology news case involved a decision in which the panel felt protecting financial data did not impede transparency.

Technology News - Companies hide profitsThe Federal appeals panel felt that even by allowing Samsung and Apple to protect the confidential financial data of their companies, there would be no impediment to their level of necessary transparency. Within a technology news statement, the panel announced that “We recognize the importance of protecting the public’s interest in judicial proceedings and of facilitating its understanding of those proceedings.”

The technology news statement went on to say that “That interest, however, does not extend to mere curiosity about the parties’ confidential information where that information is not central to a decision on the merits.”

At the time of the writing of this article, no statements were available from either Samsung or Apple with regards to this technology news. It can only be assumed that this would be seen as a win on their behalf, as it means that they will be able to maintain the close guard that they enjoy on their sensitive financial data. These massive tech giant organizations are well known for making great efforts in order to try to protect the information regarding their sales and the profits that they make every quarter and each year.

Gadgets to Gift Cards trade in program launched by Walmart

The world’s largest retail company is accepting many types of electronics in advance of the next iPhone.

In anticipation of the next iPhone, which most rumors are suggesting will be in September 2013, Walmart has launched an electronics exchange program called Gadgets to Gift Cards, in which old devices can be traded in for money to be spent in the store.

The retailer isn’t excepting exclusively smartphones, but a number of different kinds of devices, as well.

Its American locations are allowing for smartphones, MP3 players, video games cameras, computers, and many other different kinds of electronics, as a part of its Gadgets for Gift Cards program. There is no set gift card size that is being issued for all devices. Instead, the customer has to use the official website of the retailer in order to identify the electronic device and its condition in order to receive a quote.

If the gift card offer is accepted, the gadget can then be mailed – with free shipping – in trade for the amount.

Walmart - gadgets programThough it is unlikely that the gift card amount will equal the top price that could be obtained elsewhere for the gadgets, according to Walmart, receiving something that easily for a device that is no longer wanted is far better than leaving it to collect dust at home. This way, something can essentially be obtained for nothing.

The process is as follows: the customer heads to the website and clicks the button to use the Gadgets for Gift Cards program. He or she can enter the type of electronic device and the state of its condition so that a quote can be issued in a matter of seconds. If the quote is accepted by the customer, he or she will be issued a unique code.

From that time a credit check will be performed on the customer. Once approved, that individual has ten days in which to mail the device to Walmart using a free shipping label. It is important for customers taking part in the program to be prompt when they ship the gadgets back to the company, because missing the deadline will decrease the value of the gift card amount.

When the gadgets are received and their condition is verified by Walmart, the code can then be used either online or at any of the physical Walmart store locations across the United States so that its amount can be applied against a purchase.