Here are the most relevant news this week in tech and retail.
In Tech:
- 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
- The Supreme Court heard oral arguments that will decide the fate of Aereo, the startup that lets subscribers watch live TV for $8/month
- Microsoft finalizes acquisition of Nokia’s phone unit
- Google+ lead Vic Gondotra is leaving Google; media speculates on the death of Google+
- Zynga founder, Mark Pincus to leave chief product officer role, remains chairman on the board
In retail:
- Nike fired the majority of FuelBand team, insists that FuelBand is still alive and well
- Amazon Q1 earnings meet expectations with 23% rise in sales despite a report saying that online sales tax has reduced consumer spending
- 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
- Kering, owner of Gucci, reports higher than estimated quarterly sales
- UK fast fashion retailer Primark to enter US market via Boston; will occupy the former Filene’s Basement space
Quiddity 