The Circuit: Apple valued at $300B, merger update, Chrome numbers climb
LEADING THE DAY: Apple's latest valuation puts it at $300 billion, according to a report from TechCrunch. Exxon Mobil is the only company to have reached a higher value ($375.92 billion). Apple's market cap passed Microsoft's in May, and the company is now $60 billion ahead of its main rival.
To overtake Exxon Mobil, Tech Crunch speculates that Apple will need another year that is as amazing for the company as 2010, which saw the debut of the iPad. Yet while the iPad 2 is likely launching early this year, it will be difficult for Apple to duplicate that success. Not to mention, as The Washington Post highlights this morning, there's a slew of non-Apple tablets debuting at the Consumer Electronics Show later this week, which could significantly cut Apple's market share.
Merger update: Federal regulators reviewing Comcast's proposal to join with NBC Universal won't make their decision this week, according to a source familiar with the thinking of agency officials. All five Federal Communications Commission members will be at CES, where they will surely be pressed on their thoughts of merger conditions such as online video distribution agreements.
Chrome numbers climb: Google Chrome has taken 10 percent of the browser market, according to data collected by the web consulting company Net Applications. As Fortune Tech reports, the browser has likely grown at the expense of Microsoft's Internet Explorer, which has lost 12 percentage points in the last two years.
No warrant needed to search cell phones after arrests, Calif. court rules: In a 5-2 ruling, the California Supreme Court has ruled that If someone is arrested, police have a right to search anything in that person's possession -- including his or her cell phone. As the San Francisco Chronicle reports, the majority of the court said that a precedent established in the 1970s regarding examinations of personal items such as cigarette packages and wallets without a warrant applied in this case. The two dissenting justices argued that cell phones and other personal possessions have too much data and private information to be considered in the same way as other personal items. The ruling upheld a drug conviction where a text message found on a phone taken off of a California man linked him directly to a sale.
College applications 2.0: This is the second year George Mason University has accepted video essays as a part of its college applications. And as video-editing technology becomes more accessible, the videos students submit are getting more sophisticated, reportsThe Washington Post. Yet while admissions offices and applicants enjoy the personal connection a video can provide, others worry that posting the videos to sites such as YouTube compromises the privacy of the application process.
| January 4, 2011; 7:59 AM ET
Categories: Apple, CES, Comcast, FCC, Google, Microsoft, Online Video, Privacy, Social media
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