The company, which produces smartphones that can rival the iPhone 5, is valued at $4 billion less than three years after it was founded. There's a company operating in China that is called the next Apple by supporters, and is run by a founder that has achieved Steve Jobs-like status among his firm's followers. Xiaomi Technology may be largely unknown to the outside world, but in China it's a household name, Reuters reports in a detailed profile of the company and its founder. As with Apple in the U.S. and other countries, Xiaomi commands instant attention in China when it announces a new product. When it releases new devices, it's not uncommon for Chinese workers to take the day off to get their hands on it as soon as possible. But that's not all. According to Reuters, Xiaomi founder Lei Jun went to Steve Jobs' fashion school, and wears jeans and a black top whenever he's in public. "China's media say I am China's Steve Jobs," Lei told Reuters in an interview published … [Read more...] about Is Xiaomi the Chinese Apple? Its CEO plays the Steve Jobs role well
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Steven Paul Jobs, Apple's co-founder and longtime CEO, and Silicon Valley legend, died at the age of 56 on Wednesday after seven years of fight with cancer. Jobs, who suffered advanced pancreatic cancer since 2004, "died peacefully today surrounded by his family," Job's family said in a statement. In a career spanning four decades, Jobs revolutionized computers and animated the movie and music industry while turning his personality into a business philosophy which is praised and worshiped by fans, entrepreneurs and political figures around the world. In the late 1970s, with other co-founders, Jobs designed, developed and marketed Apple II series, one of the first commercially successful lines of personal computers. After losing a power struggle with the board of directors in 1984, Jobs resigned from Apple and founded computer platform development company NeXT. In 1996, Apple's acquisition of NeXT brought Jobs back to the company which was then close to bankruptcy. He started … [Read more...] about Profile: Tech industry’s visionary Steve Jobs
"Steve Jobs," the only authorized biography of the Apple co-founder, has sold around 379, 000 copies in the United States in its first week of publication, making it one of the best selling titles this year. Although not a record-breaker, the biography still outsold the next bestselling book of the week by three times, already making it the 18th bestselling book of the year in the U.S., according to numbers from Nielsen BookScan via thebookseller.com. The book also scored the biggest week of sales for any book in the U.S. since last November. According to the data, the book also soared to the top of the bestseller charts in Britain. Nielsen BookScan, a data provider for the book publishing industry, uses point-of-sale data from some 12,000 retail locations across the U.S. as well as online and e-book retailers. The biography, written by former managing editor of Time magazine Walter Isaacson, was granted with Jobs' full cooperation even in his final days. On its first day of public … [Read more...] about Steve Jobs biography becomes bestseller in U.S.
Passionate, prickly, and deemed irreplaceable by many Apple fans and investors, Steve Jobs made a life defying conventions and expectations. And despite years of poor health, his death on Wednesday at the age of 56 prompted a global gasp as many people remembered how much he had done to transform the worlds of computing, music and mobile phones, changing the way people communicate and access information and entertainment. "The world rarely sees someone who has had the profound impact Steve has had, the effects of which will be felt for many generations to come," said Microsoft co-founder and long-time rival Bill Gates. "For those of us lucky enough to get to work with him, it's been an insanely great honor." The founder of Apple Inc died on Wednesday in Palo Alto, surrounded by his family. The circumstances of his passing were unclear, but Jobs has had a long battle with cancer and other health issues. Jobs' family thanked many for their prayers during the last year of … [Read more...] about Steve Jobs “may never be equaled”
Apple Inc co-founder and former CEO Steve Jobs, counted among the greatest American CEOs of his generation, died on Wednesday at the age of 56, after a years-long and highly public battle with cancer and other health issues. Jobs' death was announced by Apple in a statement late on Wednesday. The Apple.com homepage featured a black-and-white picture of him with the words "Steve Jobs, 1955-2011." The Silicon Valley icon who gave the world the iPod and the iPhone had resigned as CEO of the world's largest technology corporation in August, handing the reins to current chief executive Tim Cook. A survivor of a rare form of pancreatic cancer, he was deemed the heart and soul of a company that rivals Exxon Mobil as the most valuable in America. "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve," Apple said in a statement announcing Jobs' passing. "His … [Read more...] about Apple co-founder Steve Jobs dead at 56