#FacebookforiPad crashing a lot lately
Samsung and Google unveiled the first smartphone running on Google’s latest version of the Android operating system, dubbed “Ice Cream Sandwich”, which combines software used in tablets and smartphones, as they step up competition against Apple. The high-end model Galaxy Nexus was unveiled at an event in Hong Kong, after being delayed last week as a tribute to the late Steve Jobs. “This will be our strategic product for year-end holiday season, as (Apple’s) iPhone 4S just came into the market,” Samsung’s JK Shin said.
The Galaxy Nexus features a 1.2GHz dual-core processor, super AMOLED HD 4.65-inch display, face recognition to unlock its screen,the ability to share content by tapping another phones equipped with a Near Field Communication chip, a camera boasting no shutter lag, and even a barometer. The global launch kicks off in November.
Apple reported a rare miss in quarterly revenue after sales of its flagship iPhone fell well short of Wall Street expectations. The September quarterly report was Apple’s first under new CEO Tim Cook, who took over in August after co-founder Steve Jobs resigned. The company reported a net profit of $6.62 billion, or $7.05 a share. That fell shy of expectations for earnings of $7.39 per share.
One analyst blamed lofty expectations for the miss. “The reality is their business is not an annuity. They have to sell their quarter’s worth of revenue every 90 days. They had a big upgrade cycle with the iPhone, the numbers came in weak. They need to set records every time they report to keep the momentum”, said Colin Gillis at BGC Partners.
Apple misses quarterly EPS expectations for the first time since 2004, says CNBC $AAPL
As Apple reports quarterly earnings based largely on the number of iPhones it sold, the honeymoon continues for the lucky millions able to get their hands on the newest 4S model, which was initially criticized for not being new enough. Apple went on to sell 4 million of them in 3 days.
So, after the initial sales storm, is Apple’s iPhone 4S living up to the hype?