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Toys R Us offering iPod trade-in
We here at TUAW aren't quite sure how great a deal this is, but just in case you want to take advantage, Toys R Us is apparently offering trade-ins on old iPods. From October 17 to the 23rd, the toy chain will take old iPods (no model is specified, but I'd assume older won't get you as much money) at the customer counter, paying out up to $100 in gift cards, just to buy a new version of the device. Unfortunately, the deal's not available online, and not all stores are participating in the promotion, so the old "Your mileage may vary" adage very much applies here. Definitely call before you go, and if you do bring an iPod in, you probably shouldn't expect to get any extra money for that full catalog of Aerosmith CDs you've got saved on there. Who knows, though -- if your household happens to have a few old nanos sitting in a drawer somewhere and you want a quick and easy way to turn them into a new device, this might be worth trying out. If it works for you, be sure to let us know.
Foxconn parent company raising prices for Apple, others
This is the downside of being Apple -- just as they get prices and costs to where they want them, those same prices and costs tend to go up again. Foxconn's parent company Hon Hai has reported that it will raise its manufacturing prices in China, directly affecting Apple's and other companies' costs over there. The company is reportedly trying to push profits up for the last quarter of this year, and aims to raise sales by as much as 30% next year. Of course, this probably isn't a surprise for Apple -- given how closely the company researches and follows component costs, this is likely something already baked in to their strategy (and even if it's not, $40 billion in cash tends to help out with unseen charges). But it's a clear reminder that costs aren't fixed for these devices at all -- just because Apple secures pricing on one processor or screen doesn't mean they'll have that same opportunity next year. It shows you a little bit of just how difficult it is to do what Apple has done, and coordinate all of these parts and companies to make a great product at a salable price.
Chase Mobile iPhone app update: picture your paycheck deposited, and it's there
While JPMorgan Chase & Co. certainly isn't the first bank to do this -- USAA has allowed its members to deposit checks by snapspot for just under a year now -- it's definitely the first major public bank to bring this stuff to the mainstream. A recent update to the Chase Mobile iPhone app enables customers to photograph the front and back of checks made out to them and then have it deposited directly into whatever Chase account (with their name on it, obviously) they choose. Better still, the service is completely free of charge, though it's limited to Apple's platform at the moment. Too bad you can't just cut checks to yourself and live the life those goofy TV ads push so hard, but hey, at least you're one step closer to pretending. [Thanks to everyone who sent this in]
The Daily Grind: Money money money! Money!
Money: it makes the world go 'round. It's also one of those necessary staples to keep your character happy and well-outfitted. Whether used to get that sweet piece of loot on the auction house, fund a mount, pay for skills and repairs, or just to feel (for once) like a billionaire, it doesn't hurt to amass as much money in game as possible. So what's your trick, your technique for raking in the dough? Are you a minimal earner, vendoring all of your loot and just getting by? Do you farm crafting components to auction off, or are you a crafty crafter who makes high-demand products? Do you complete every quest possible -- not for the XP, but for the cold, hard cash? Have you tip-toed down the dark side of RMT for easy gold? We'd love to hear your secret for becoming an in-game Scrooge McDuck. So how do you make your money?
Apple now accepting cash for its cold hard iPads (video)
Nothing like a little bad press to change corporate policy. Diane Campbell made US national news this week (seriously) when her attempts to purchase an iPad with cash were rejected. Apple's no-cash policy (credit cards and debit cards only please) was put in place by Apple as a means of ensuring that customers were sticking to the two-device limit -- a policy that was originally put in place in October 2007 in order to deal with high demand for the iPhone and, some would say, to keep the devices off the grey market. Well, some members of the US media got so feverish with affect rage that they lashed out at Apple with chants of "anti-American" and "anti-disadvantaged" (Diane is described as disabled and on a fixed income). Apple has reversed the policy: it now accepts cash just as long as customers sign up for an Apple account while in the store at the time of purchase. As for Diane, she got a free iPad and "changed a little piece of the world." We feel safer already. Check the local news report video after the break if you must.
Apple relents, allows cash for iPads
Good news, everyone! In response to the public outcry over Apple's no-cash-for-iPad policy, Apple has relented. You will now be able to purchase iPads in-store using cash and gift cards. Yes, you'll also have to set up a traceable Apple account at the same time, but the lack of credit or debit card will no longer bar the sale of iPads to consumers. Apple's controversial (although not illegal in most states) no-cash policy for the iPad was introduced to limit gray-market iPad redistribution. The demand for iPads remains high world-wide, and as the eBay iPad site shows, there's money to be made for anyone willing to part with their new electronic friend. It's kind of like Terry Pratchett's notion of "negotiable affection." Sure, you love the iPad -- but there's no question that it's profitable to share that love with others. Under Apple's new rules, you will still be limited to two-device-purchases per user. You'll be able to pay for those two devices using an expanded payment vocabulary, but Apple intends to firmly enforce its existing allocation control measures. So Apple will ban any customer it finds purchasing too many iPads -- even if you are picking that extra one up for a colleague or a gift. Thanks, Sara Bueno
Apple no-cash policy for iPad takes some by surprise
Update: Apple has now reversed the no-cash policy. As loyal readers know, Apple stores are not particularly cash-friendly; in the case of the iPhone and the iPad, they're downright cash-hostile. Both devices require a credit or debit card for purchase, although you can waltz down the block and buy an iPad with cash at Best Buy if you like (and you can use a gift card for iPhone, but not for iPad). There are some points on Apple's side for the pay-with-plastic requirement (the primary one being that it's hard to enforce the two-per-person purchase limit without some way to track buyers), but it's clear that the rule is a source of annoyance to some potential customers. Now the annoyance is getting magnified. In a post that is destined to be enshrined under the Wikipedia entry for "irate screed," David Gewirtz at ZDnet reacts to this KGO-TV story about Diane Campbell, a Palo Alto woman who tried (and failed) to buy herself an iPad using good old greenbacks. And when I say Gewirtz reacts, I mean he absolutely goes medieval about this "outrageous" miscarriage of justice.
Was the Siri purchase about search?
Here's an interesting take from Searchblog's John Battelle about the Siri purchase by Apple yesterday: he believes that it's the first step towards the eventual Apple goal of conquering search for the app world. Google is, of course, the king of search on the Internet, but as the iPad 3G releases today, we're spending less and less of our time on these devices actually browsing the web, and more and more of it inside of apps. That's where search needs to go, says Battelle, and Siri could help exactly that happen for Apple. In other words, he gives the example of searching for a phrase like "Chicago rental car" in Siri, and properly configured, Apple's Siri could say back to the user, says Battelle, "Hey, you know what? You don't need to rent a car. You can use the Chicago Transit. Here's an app for it. You can get from the airport to everywhere you want to go without having to rent a car. Plus, you'll save $150 which we know is a goal of yours because you've been interacting with the Mint application," and so on. Siri would become a voice-activated search assistant, not for the Internet at large necessarily, but for all of the apps and functionality on your iPhone or iPad. It's certainly possible, although Apple has so much cash saved up right now that they don't really need good, focused reasons like that to pick up a strong piece of tech like Siri. But yes, Battelle's guess makes sense, especially considering the increased amount of time that people are spending in apps versus the browser on the iPad.
Paypal app goes 2.0, adds Bump integration
Never before in human history have there been so many ways to part with your hard-earned cash. The spotlight might be on credit card acceptance tools from Square & Verisign, or the beta Venmo service's SMS-based trust network -- still, don't forget about the cagey veteran. Paypal is 12 years old now (and in Internet years, that's... uh... "wicked old") but the eBay-owned payment site is innovating as fast as ever; case in point, the 2.0 version of the free Paypal iPhone app. The new app features a revamped interface and history display, along with options for payment reminders, funds withdrawals and a new "Request Money" tool. You can create and send a fund request within the app at the moment you need it (just spotted your pal $20 for the movies? Bingo!), which makes it that much more likely that you'll get reimbursed. In like fashion, you can collect money for a shared gift or charitable donation, or split a restaurant check and send off requests for everyone's share of the bill. If that's not futuristic enough for you, the Paypal app now integrates with contact sharer Bump, which added Facebook friending and more granular profile-based sharing in a new release at the end of February (most requested new feature: a 'fake' profile, allowing you to give that overeager Bump-er at the bar a bogus number if you're just not that into them). Using the Bump API, Paypal's app now allows you to send money to another Bump user just by tapping phones. I anticipate strong enthusiasm for this feature at sporting events and casinos. Paypal's apps for the Blackberry and Android are scheduled to get some of the new features soon, but in the meantime these are iPhone-only goodies. Enjoy! %Gallery-88352% [h/t TechCrunch]
Adafruit shows off the Square dongle for credit card payments on the iPhone
Adafruit is one of a few companies that has been chosen to test the Square dongle that automagically takes credit card payments on any iPhone. Even though we got to see it in action at Macworld, I think every look we can get at this thing is worth it, considering just how darn revolutionary it seems. The video on Flickr shows just how quick and easy it is -- just swipe the card, and sign with your finger on the iPhone's screen. I haven't bothered carrying cash for a few years now, and something like this only makes it easier to not only take payments for vendors, but for me to pay. Hot dog guy needs a few bucks but doesn't have a landline connection to run a credit card on? No worries, just swipe and done. Want to give to the Salvation Army guy over the holidays but don't have any money left in the wallet? Just swipe and done. Word has it that the transaction cut will be 2.9% (though the video above shows 3.5% -- maybe you can change the percentage depending on circumstances), but odds are that in most cases, the convenience will be well worth it. The whole program's still in beta, but it probably won't be long before you'll see (and maybe even use) one of these out in the wild. [Via Engadget]
The Daily Grind: Hey big spender!
Gil. Gold. Adeena. ISK. Influence. Infamy. Chips. Crowns. Whatever the game calls it (and there are a lot more words aside from those) money is an important part of most MMOs. Much like money in the real world, it generally follows three simple rules: you need it, you don't have enough of it, and you can't get it fast enough. And we all deal with it in our own way. But when the time comes, almost every one of us will pony up seemingly astronomical sums for that one thing. It might be a mount, maybe weapons or armor, perhaps a piece of furniture in a game with player housing. Whatever the item is, the cost of obtaining it becomes a non-obstacle, and your cash display turns into a new experience bar that you need to fill for your precious treasure. So, what was your biggest purchase? Was it something that was once expensive but now cheap, or is it still pricey as ever? Were you happy to have it or regretful at blowing your bankroll? And perhaps most importantly, do you still have it and use it, or has it long since been replaced?
Microsoft still beats Apple in cash and investments, for now
Back during the earnings call a few weeks ago, it was mentioned that Apple has a jaw-dropping almost $40 billion just sitting around in cash. In the chat, we started talking about other companies that might have that much money in the hopper -- Google came up, but I don't think we were able to guess another one. But it turns out Apple isn't even the most flush company out there, and the name of the first might surprise you: According to this chart on Silicon Alley Insider, Microsoft is currently sitting on just slightly more money than even Apple, with Google and Intel coming close behind; although Apple briefly pulled ahead of MS at the end of 2008, the Redmond Revenue Racers had more cash through most of '09 than Apple did. Well how 'bout that. Of course, the current curves are not so favorable to Microsoft (after the Win7 update push slows down a bit) so it may not be long before Apple's pile grows even bigger. We can probably look for some significant acquisitions from all of these companies very soon -- with the rest of the economy down and lots of interesting ideas looking to sell, odds are we'll see some of this money spent on worthy purchases. [via Cult of Mac]
wowTwitter is a Twitter just for your characters
I'm not sure how well this will scale, but it's an interesting idea: while it's certainly possible to just create a Twitter account for your World of Warcraft characters (so anyone interested can always see what you're up to), the folks behind a new site called wowTwitter have gone a step further, and recreated Twitter's functionality specifically for Azeroth's virtual denizens. It's very barebones right now, but basically, after you register, you can punch in any of your characters, "verify" them by changing something about them in the Armory (like unequipping the piece of gear on your wrist), and then you can send and receive messages on that character, with special channels created for the guild, your realm, and so on. I thought it used Twitter somehow, but it seems completely separate: they're running their own database and servers, so while the two work the same way (there are "@" replies and hashtags), they don't interact at all.Which means they'll also have all of the problems that Twitter has had -- when only a few people are using your database, it runs fine, but if it starts to scale up at all, then you run into lots of "Fail Whale" downtime. And I'm not sure we need a whole other system just for WoW characters (though this one does have the nice bonus of "claiming" your character so it can't get impersonated). At any rate, they're in beta right now, and actually hosting a cash money prize contest for the most characters verified and tweets posted, so a link from us will probably show them how ready their system is. If it's your thing, go forth and wowTweet!
Slate throws Apple a $100B idea, suggests iBank
In an interesting -- not to say wildly speculative -- essay, Slate Magazine's Karim Bardeesy says that Apple should take some of its $28 billion and start a bank. During Wednesday's conference call, Apple CFO Peter Oppenheimer made it clear that the company was looking to keep its cash right where it is. Anecdotal evidence suggests that now might not exactly be the best time to get one's feet wet in high finance, but Bardeesy does make a few interesting points. First, if Apple takes $15 billion of its own cash, at "regulated reserve ratios," Apple could offer $100 billion in loans. Couple that with the company's tech savvy and trustworthy brand, Bardeesy says, and you're looking at an opportunity to "revolutionize the industry." Second, Bardeesy suggests creating an internet-only bank, taking deposits from everyday people -- via an iPhone fund transfer app, of course. He says the rise of Internet banks isn't unprecedented: just look at how popular they were in Iceland! (Ignore for now those banks' participation in the total collapse of Iceland's banking system.) And how about a slice of that sweet, sweet government bailout? Apple can have some -- if it's a bank. "Goodie side benefits to banking status include access to some of that TARP money and a steady revenue stream to smooth out any bumps in retail demand for other Apple products," he writes. Contradictorily, in his final sentence, Bardeesy chides the banking industry for "pocketing taxpayer billions while sending nary a penny [his] way." You can't have it both ways, buddy. In sum, Bardeesy admits that "Apple has prided itself on sticking to its knitting and not indulging in diversionary acquisitions or enterprises." He claims, however, that "an exception can be made when economy and country are at stake and profits are on the table." Can it? Really? Thanks to everyone who sent this in.
Analyst says Palm burning through cash like it's going out of style
Stock downgrades are nothing new for the boys and girls at Palm, but analyst Tavis McCourt of Morgan Keegan (which certainly sounds like an important and all-knowing firm) has painted a particularly bleak picture of the company's books today -- so grim, in fact, that it set off a 20 percent drop in the company's market cap. Apparently the big concern is Palm's cash burn rate, which has left a cash reserve of just under a quarter billion dollars through a series of delays and setbacks that have been partially offset by moderate successes like the Centro. McCourt figures that'll be down to a mere $75 million by the time Palm OS 2 launches, and that's assuming they don't run into any more slips in the schedule. He notes that Bono can always just flip 'em a few more mil out of his Joshua Tree earnings, but it'll end up diluting existing shareholders' stakes, hence the massive drop in value today. No pressure, Palm.
Apple, Psystar strike a deal
CNET and The Mac Observer noted a legal filing on Friday that suggested Apple and Psystar were looking to bypass the normal lawsuit process and enter a phase of private arbitration and mediation. The filing notes that Apple and Psystar will participate in the Alternative Dispute Resolution (ADR) process, a way to keep legal costs down -- and the outcome private. For famously secretive Apple, this agreement seems right up their alley. The agreement means the two companies will enter non-binding arbitration, present their case to a neutral party, and work out a deal through mediation. This all probably comes down to one thing: cash money. Psystar has nowhere near the cash reserves that Apple has, so this less-expensive option is attractive to them. It's attractive to Apple because if they lose, the decision is kept under wraps. As CNET's Tom Krazit notes, if Apple is guilty of Psystar's antitrust accusations, it could hurt their other cases where they're accused of the same thing. Of course, we'll know for certain the outcome simply by seeing if Psystar continues to sell their computers (or not) after January 31, when the ADR sessions wrap up. [Via AppleInsider.] Update: According to Psystar's attorneys, Apple and Psystar were ordered into the mediation by the court. According to several of our commenters, ADR is a common practice. Soulbarn says: "It is practically mandatory. It would be a surprise if it didn't happen, no matter who the case involved, big or small, famous or not famous, precedent-setting or non-precedent setting. It is part of the normal legal process." Thanks, everyone!
WoW TCG hosts World Champs in Paris this weekend
The World of Warcraft Trading Card Game World Championships have started up this weekend in Paris, France -- there's some excellent coverage on the official site about all of the CCG gaming going on over there. They've got everything from a roundup of the swag bag to play-by-play on the featured matches and some good commentary on what kinds of decks players are bringing to the tables. All told, the players are fighting for a prize pool of $250,000 -- some serious cash for playing cards.They're in the middle of Day 2 right now, so there's lots more tournament coverage to come from Paris. If you're a fan of the TCG, this weekend's your chance to check out what some of the top players are up to as they battle for the big prize.
Forum post of the day: For fun and profit
What does a spiffy rare mount cost? You can get a Spectral Tiger for about $900 (once sold for $2,000) on eBay. You could pay 20,000 gold for an Amani Warbear. BlizzCon 2008 World of Warcraft in-game polar bear mount with mounted, flag-waving murloc? $40 bucks. All you have to do is sign up for the DirecTV package and that fabulous bear is all yours. If I were a mount collector, I might persuade my friends to sign up for the package in my name. Kothor of Skywall is ordering the video package even though he's planning on attending Blizzcon. He suggested that Blizzard should make all of the rare mounts available for purchase. This suggestion was welcomed by several who have spent countless hours grinding for their prized ponies.
Oh, to have Apple's cash problems
Not unlike this guy, Apple is going to need avalanche insurance for the mountain of cash that it's sitting on. According to BusinessWeek, Apple has amassed $20.8 billion in cash and short-term investments, adding nearly $1 billion each and every quarter. It's not necessarily odd for a company to have a lot of cash (Microsoft, for example, has $23 billion socked away), but it's beginning to irk the investors. If Apple's stock price continues to rise, everyone's happy. But if it starts to dip, experts say Apple should consider investments like acquisitions (possibly in the music business) or raw materials and components. Matt Asay of Cnet is suggesting something probably unpopular with the Cupertino crowd: tax it. Since Apple's profit margins (as a percentage of sales) are higher than Exxon's, Apple might fall prey to Congress' plan to tax windfall profits, if it becomes law. Apple CFO Peter Oppenheimer said earlier this year that "Our preference is to maintain a strong balance sheet in order to preserve our flexibility." Charles Wolf of Needham & Co. says the company doesn't need more than $5 billion on hand, but he'd be more worried "if this was a sleepy company with no growth." "That's not Apple," Wolf said.
CGS opens registration to the public
The Championship Gaming Series, which is having its second-annual WoW competition this year, has just announced that they are opening registration to the public! Previously, the tournament was invitation-only from the top-rated 1000 Arena teams.The tournament will be 3v3, played on special tournament realms, just like Blizzard's own tourney. The qualifier rounds start on this coming Monday, June 9th, and run through the 22nd, and the top two teams in the qualifiers from each region, North America and Europe, will be flown out to Los Angeles for the final competition, live on July 19th. The cash money totals to $50,000, with the winning team taking home $25,000, the second-place team $12,500, and the third- and fourth-place teams $6,250 each.If you are interested in registering, which is free, do it by June 8th, since that's when registration closes. You have to be 18 or over and a resident of the United States, Canada, France, Germany, Spain, Sweden, Belgium or United Kingdom to compete. Here are the registration links for the different regions: Europe, North America. For more on the CGS tournament see their rules and FAQ.
