One of the more audacious malware attacks of recent months was the security breach on the network of Saudi Aramco, the largest oil company in the world. As many as 55,000 of the firm’s workstations were affected by a virus that took two weeks to completely dispel, prompting an investigation into the source of the attack. Some US officials had voiced suspicions that diplomatic foe Iran may have been behind the incident, but new evidence points to a less sophisticated operation involving just one individual, who may even have been an employee of the company. Follow the link for more.
In consumer news, Nintendo announced its plans to sell the Wii U at a loss, as it hopes the competitive price tag will motivate consumers to purchase its next-gen offering. The games company is hoping to reap its profits from games sales, adopting an Amazon/Kindle mentality. Of course, the success of this policy will depend on the level of third party support the system will garner, as it will surely need a healthy supply of content to meet its sales targets. Guess we’ll have to wait and see.
On the heels of Apple’s massive product launch earlier this week, a new report suggests the company may be preparing to enter a completely new market - online radio. Apple executives are reportedly in late stages of talks with major music labels over licensing deals for a Pandora-like ad-supported music streaming service that could be due for a launch as early as the first quarter of 2013. The service is reportedly being conceptualised as an app for iOS products, rather than a primarily web browser-based option. Though it has yet to be confirmed, the rumours about a possible Apple online radio service are so rampant that they have already sent Pandora’s shares dropping by 12 per cent. Click on for more details about the report.
An action-packed week ended with the technology world enthralled not by the latest mini-tablet or smitten with a radical new operating system, but rather gripped by quarterly results fever. Apple kicked off the financial festivities, posting a £4 billion Q3 2012 profit that can only be considered disappointing by its despotic standards. Queue a victory jig from bitter rival Samsung, which recorded a fourth consecutive record profit of over £4.5 billion, with is latest spectacular results driven by smartphone shipments in excess of 55 million units. Amazon had a decidedly less gleeful quarter, announcing a net loss of £170 million on the back of its stake in struggling deals portal Living Social. Finally, Acer entered the fray from a more philosophical perspective, with the Taiwanese firm’s outspoken CEO, JT Wang, opining that Windows 8 was a make-or-break platform for PC manufacturers looking forward to 2013 – no surprise given the Iconia maker posted a meagre Q3 profit of barely over £1 million.