chinedu_echeruo Chinedu Echeruo

TBT: Founder of HopStop.com, Nigerian native Chinedu Echeruo has been helping New Yorkers navigate the city’s overwhelming mass transit system since 2005. Eager to improve its mapping tools, Apple Inc. acquired the popular online city transit guide, Bloomberg reports.

Apple spokeswoman Kristin Huguet confirmed the deal in a statement to ABC News: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”

His own difficulties traversing through New York City while working on Wall Street inspired Echeruo to create a technological solution. Nearly 10 years later, the free mobile application and website HopStop.com assists travelers by guiding them to subway stations and bus stops in more than 300 cities worldwide, including London, San Francisco, Paris and Toronto.

“Every entrepreneur starts off thinking ‘What’s a problem I can fix?’ he told The New York Times. “The problem for me was how to get from Point A to Point B in New York.”

Hailed as Black Enterprise’s 2007 Small Business Innovator of the Year and listed in the magazine’s Top 40 Under 40 list, the serial entrepreneur also founded Tripology.com, a U.S.-based Internet company, in 2010. Prior to his launching a successful technology career, the 39-year-old attended Syracuse University and Harvard Business School. He then continued on to work for several years at J.P. Morgan Chase in the Mergers & Acquisitions and Leveraged groups.

Now a partner in a private equity firm in Accra, Ghana, Echeruo has set his sights on Africa, where he intends to put his solution-based innovation to good use.

“My idea is to essentially have one place where a budding entrepreneur can access a template for starting a business, and then customize it to suit their own situation; essentially, a business-in-a-box,” he said in a 2012 TED Talk.

“There is no reason why every entrepreneur should have to reinvent the wheel every single time in all the countries in Africa.”

Amazing,  Great job! 

 Credit:  Chinedu/TEDx/Black Enterprise/Bloomberg

Who’s ready for an Apple Watch?

Apple Watch release date

Apple originally revealed that the Apple Watch will be released in spring 2015 and that is spot on as its dedicated event is taking place tonight, 9 March. It’s unsure exactly how quickly it will take to get in the shops, but current betting places it anywhere from this Friday, 13 March (ooo… Friday the 13th), all the way to the beginning of April.

Apple Watch price

The price of the Apple Watch is going to vary greatly, especially since there are several variations. The Apple Watch will start at $349, officially, which should translate to £300 in the UK. There will be two different sizes, with the larger likely to be more expensive.

The Apple Watch Sport and Watch Edition models are also likely to be more expensive, though that’s just speculation… Read more here

Credit :pocket-lint

Alpesh Patel, the CEO of African-based emoji company Oju Africa, thinks Apple missed the mark with its new set of iPhone emoji options, which offers more skin-tone options than before.

“Look at their new emoticons — it’s all about skin colour,” he told Vice’s Motherboard. “Diversity is not about skin colour — it’s about embracing the multiple cultures out there that have no digital representation.”

Patel, who grew up in Uganda and now lives on the island nation of Mauritius, released a set of Afro emoticons for Android devices in April 2014, after Miley Cyrus, MTV and hordes of people on Twitter complained that Apple’s existing emoji set was woefully lacking in racial diversity. He spoke with CNN not long after about the response:

“We’ve had 16,000 downloads and most of them are from the U.S. — we’ve had downloads from very seasoned markets and they’ve looked at it and said ‘hang on a minute, wow, this is a really cool innovation but it’s coming from Africa.’ You know innovation is not something that belongs to the West, so we’re very happy with what’s happened but obviously we’ve got a long way to go.”

Here's a set of Afro-centric emoticons that Oju Africa's CEO thinks trumps Apple's new diverse emojis.
Here’s a set of Afro-centric emoticons that Oju Africa’s CEO thinks trumps Apple’s new diverse emojis.

Credit: NPR

US technology giant Apple has reported the biggest quarterly profit ever made by a public company.  Apple reported a net profit of $18bn in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, according to Standard and Poor’s

The company posted record quarterly revenue of $74.6 billion, up 30% year-on-year, and record quarterly net profit of $18 billion, a 37% increase on the same quarter last year.

Apple reports biggest quarterly profit in history

Earnings per share were up even more, at 48% to $3.06, reflecting the reduced number of shares outstanding as a result of the company’s on-going share buyback programme. This was also an all-time quarterly record and the results would have been even stronger in the absence of significant foreign exchange headwinds, reflecting the recent strength of the US dollar….

 

DbanjDbanjDapo Oyebanjo, A.K.A D’Banj  has confirmed his  deal with multi-millionaire company, Apple, the deal  involves making a musical movie about his 10-year journey as a musician… ‘Most people have the wrong impression that Dr Dre was the one that signed me, but the contract I have says ‘APPLE’ and to take it further, my management, DKM Media in conjunction with Apple is working on a musical movie. I’m going to act in the movie and play the role of D’banj.’

FacebookFacebook and Apple  have both announced an uncommon program to help their women employees lean all the way in. The tech giants will now cover the cost of egg-freezing treatments for women (and their male partners) who want to delay their family plans in favor of advancing their careers.

Facebook began their program in January of this year, and Apple will begin offering the perk in early 2015. The oocyte cryopreservation procedure currently costs an estimated $10,000, with an average additional cost of $500 per year to maintain frozen egg storage. The companies, NBC News reports, will each offer up to $20,000 for the procedure under their health benefit programs for fertility and surrogacy.

The earlier a woman undergoes egg freezing treatments, the greater chance she has at harvesting fertile eggs, which is why women under the age of 30 tend to have greater success in becoming pregnant. As more women choose to pursue careers over families in their late twenties and early thirties, however, they face the obstacle of their diminishing  potential to become pregnant later in life. In highly-competitive and thriving Silicon Valley in particular, young women are steadily becoming a larger part of the workforce and are choosing to dedicate their young adulthood to getting ahead in their careers. One cited reason for America’s gender pay gap is that women fall behind men in their careers when they take time off to raise children. This often happens during a point in their lives when their earning potential is about to climb much higher, which puts women at a disadvantage when they re-enter the workforce. Facebook and Apple, then, are providing an opportunity for women have more choices for family planning and therefore rise up more easily within company ranks.

Bloomberg Businessweek cover story earlier this year pondered the benefits of freezing one’s eggs in order to free one’s career. Author Emma Rosenblum posited, “Imagine a world in which life isn’t dictated by a biological clock. If a 25-year-old banks her eggs and, at 35, is up for a huge promotion, she can go for it wholeheartedly without worrying about missing out on having a baby. She can also hold out for the man or woman of her dreams.”

There is undoubtedly a huge corporate benefit to this program as well, as Apple and Facebook are less likely to temporarily lose young, hungry female employees to child-rearing. In the fierce competition for talent in Silicon Valley, Facebook and Apple were already winners, but this new move to support the family and career goals of its employees may put them even farther in the lead for attracting career-driven women.

Source: Forbes Women

 

iPHONE-6-LAUNCH-DATEThe new iPhone 6 and iPhone 6 Plus went on sale in Australia, Hong Kong, Singapore and Japan on Friday, a prelude to the retail opening in Europe and the United States.

Huge lines formed in Australia, some for days. In cities including New York, many lined up to buy the larger phones in order to resell them in locations the latest iPhones aren’t yet available, such as China.

The store sales meant tech analysts could get their hands on the devices, and some promptly tore them apart to take a look inside.

People love their iPhones. Fans all over the world camped out to be first on the block with the new status symbols – the iPhone 6 and 6 Plus.

At least 400 people were waiting outside the New York City 5th Avenue store to get iPhones Thursday afternoon, and more than 100 were at second store on the Upper West Side. At the latter, the crowd was dominated by people planning to buy the phones to sell to others.

lyndsey-scott-U.S.-born 29-year-old  Lyndsey Scott is a New York City model working for Prada, Gucci and Victoria’s Secret. She’s also an iOS programmer with two apps she created available in the Apple store. Ms Scott is also a mentor at Girls Who Code, an organisation that helps teenage girls learn programming.

What an inspiration!              

apple-beatsAs expected, Beats co-founders Iovine and rapper Dr. Dre will join Apple as part of the acquisition of the music-streaming and audio-equipment company.

By most accounts, Apple’s $3bn (£1.8bn) acquisition of the Beats headphone and music streaming service will increase Dre’s net worth making him, if not hip-hop’s first billionaire, certainly hip-hop’s wealthiest man