Weekly roundup in tech and retail

News and commentaries

Here are the most relevant news this week in tech and retail.

In Tech:

  1. Apple’s Q1 results show strong iPhone sales, record revenues; company authorizes a stock split, shares surge at 8% and activist investor Carl Icahn is pleased
  2. The Supreme Court heard oral arguments that will decide the fate of Aereo, the startup that lets subscribers watch live TV for $8/month
  3. Microsoft finalizes acquisition of Nokia’s phone unit
  4. Google+ lead Vic Gondotra is leaving Google; media speculates on the death of Google+
  5. Zynga founder, Mark Pincus to leave chief product officer role, remains chairman on the board

In retail:

  1. Nike fired the majority of FuelBand teaminsists that FuelBand is still alive and well
  2. Amazon Q1 earnings meet expectations with 23% rise in sales despite a report saying that online sales tax has reduced consumer spending
  3. More Amazon news: Prime members now have access to HBO programs and Pantry, a service that delivers bulk grocery items for $5.99/four-cubic-foot box
  4. Kering, owner of Gucci, reports higher than estimated quarterly sales
  5. UK fast fashion retailer Primark to enter US market via Boston; will occupy the former Filene’s Basement space 
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