This is the headline in today’s Financial Times. The article, written by Andrew Edgecliffe-Johnson, reports that:
“In a rare disclosure by the privately held news and data company, Bloomberg said its total terminal numbers had fallen by 11,470 or 4 per cent, from a peak last November of 268,800.”
However, even with the drop in the sale of terminals, revenues for Bloomberg in the last year have risen from $5.8 billion dollars to $6.2 billion dollars and Bloomberg is ‘planning to add 1000 employees’.
I was speaking at a law school panel discussion a couple of months ago. The session was being recorded, and the technician was using wireless microphones. He was picking up interference during sound checks and asked the six or seven law students who were on the panel if they had iPhones, and if they could turn them off if so. It seemed to me that just about every student, and certainly a majority, reached into his or her pocket and pulled out an iPhone.
What made me think of this incident is a Technology story in tomorrow’s Wall Street Journal, “Publishers Nurture Rivals to Kindle,” by Shira Ovide and Geoffrey A. Fowler. The article talks about a number of efforts by different publishers teaming up with companies such as FirstPaper LLC ., Plastic Logic Ltd., and E Ink Corp.
What especially caught my eye was this paragraph:
Some publishers also are focusing their portable-reading efforts on devices people already use. The new iPhone applications store rolling out this summer will support subscription prices, spurring the Financial Times, Time Inc. and other publishers to tinker with ways to offer subscriptions on the iPhone. Last week, Amazon bought a small startup that makes free e-book reading application Stanza for the iPhone.
I think that they might really be on to something.