We looked to Microsoft senior vice president Yusuf Mehdi to learn more about what the company's new videogame console can and can't do.
FORTUNE -- By now, gamers around the world know just as much about Microsoft's new video game console, the Xbox One, as they do Sony's (SNE) recently announced PlayStation 4. Like its next-generation counterpart, the Xbox One will rely on an 8-core processor, supported by 8 gigabytes of MOREJP Mangalindan, Writer - May 23, 2013 12:52 PM ET
President David Marcus tells Fortune why he embraces digital currency, how he thinks the trend will play out, and when Americans can reasonably expect to go wallet-less.
FORTUNE -- The way PayPal President David Marcus sees it, wallets are on the way out. The question isn't "if" they become antiquated, but instead "when."
To wit, the payments company released a study this week that revealed that 83% of people polled in five countries, MOREJP Mangalindan, Writer - May 23, 2013 12:47 PM ET
The popular mobile inbox app, which generated buzz with a digital queue for sign-ups, is now available for the iPad.
FORTUNE -- Not since the 1990s -- if ever -- have Internet users gone crazy over an email service the way they have for Mailbox for the iPhone. Some seemed more than happy to wait weeks in a virtual waiting list, one generated by the startup so its servers could handle the MOREJP Mangalindan, Writer - May 23, 2013 12:40 PM ET
Says current iPhones are "poorly aligned" with the factors driving smartphone growth.
FORTUNE -- In a note to clients Thursday, Nomura's Stuart Jeffrey raised his estimates for smartphone sales in 2013, 2014 and 2015 by 13%, 16% and 14%, respectively.
But not for Apple (AAPL).
"Despite Apple commanding an 18% smartphone share," he writes, "we have not increased our Apple estimates."
The reason, he says, is that Apple's current crop of iPhones are "poorly aligned" MOREPhilip Elmer-DeWitt - May 23, 2013 11:57 AM ET
What's really behind Amazon's tax war.
By Peter Elkind, editor at large
FORTUNE -- For many years, Amazon.com enjoyed a crucial leg up compared to traditional retailers like Barnes & Noble, Sears, and Wal-Mart: The e-tailer didn't charge sales taxes to its customers. The result: Amazon benefited from as much as a 10% pricing advantage over its rivals, one key reason behind the company's meteoric rise.
"It's no exaggeration to say you can't MOREMay 23, 2013 8:12 AM ET
On the New York Times Op-Ed page he calls Apple CEO Tim Cook a liar.
FORTUNE -- I met Joe Nocera once, and he seemed like a nice guy. Over his long career as a business journalist -- including more than a decade at Fortune -- he's done some first-rate work on Apple (AAPL). "The Second Coming of Steve Jobs," a profile for Esquire of the entrepreneur at age 31, may MOREPhilip Elmer-DeWitt - May 23, 2013 7:24 AM ET
Google Trends says Apple beats low expectations, Samsung momentum stays strong.
FORTUNE -- Morgan Stanley's Katy Huberty unveiled a new crowdsourced forecasting tool Tuesday. As explained in an April whitepaper, the AlphaWise Smartphone Tracker is based on an analysis of Google Trends, using different search terms for different regions and adjusting for seasonal trends.
The results of the first month's survey of the U.S., U.K., German, French, Japanese and Chinese markets are shown in the chart above.
As MOREPhilip Elmer-DeWitt - May 22, 2013 7:09 PM ET
As if Apple's bonds were the only ones whose price fell as interest rates climbed.
FORTUNE -- As John R. noted in the comment stream of Mary Childs' latest story on the Bloomberg newswire, she is not an idiot: "She knows using a sensational headline containing 'Apple' will attract readers."
Thus a rise in interest rates across the board is reported on Bloomberg as Apple (AAPL) news:
Apple Bonds Stick Buyers With $280.6 MOREPhilip Elmer-DeWitt - May 22, 2013 3:42 PM ET
To the surprise of many, it was the Tea Party candidate from Wisconsin.
FORTUNE -- Sen. Ron Johnson -- not to be confused with the Ron Johnson who created the Genius Bar -- gets a lot of heat from liberals in his home state for his positions on abortion (he's against it), same sex marriage (ditto), global warming (caused by sun spots) and the Violence Against Women Act (unconstitutional).
There's even a MOREPhilip Elmer-DeWitt - May 22, 2013 1:13 PM ET
The search giant opened its New York City office a decade ago. Time flies.
FORTUNE -- It takes 10 years to become a New Yorker. There's no official document that says this, and you can argue the point if you like, but among my friends, that's the going wisdom.
So, it's official: I offer my congratulations to Google (GOOG). Your world headquarters may be in Mountain View, but you're an official New MOREJessi Hempel, writer - May 22, 2013 12:53 PM ET
|McDonald's gives Charles Ramsey free food for a year|
|Where your donation dollars go|
|Why doesn't Apple cut its prices and sell more iPhones?|
|The 'chicken poop' credit and other bad tax breaks|
|Make $30 an hour, no bachelor's degree required|