Microsoft made a big deal of the launch of three U.S. phones running its Windows Phone 7.5 software, the latest upgrade to Windows Phone 7, which represents a complete overhaul of the Microsoft mobile phone software. They built a giant model of a phone in Herald Square, New York City and had rappers and dancers performing around it on Monday, while pizza was handed out to bemused onlookers.
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.
Google wowed Wall Street with the revelation that its mobile business is generating revenue at a run rate of over $2.5 billion.
Google’s third-quarter results trounced Wall Street expectations as good cost controls helped boost the Internet search leader’s profit by about 26 percent. The world’s No. 1 Internet search engine said its net income in the three months ended September 30 totaled $2.73 billion, up from $2.17 billion in the year-ago period.
As Research In Motion deals with the fallout from service disruptions that have affected millions of BlackBerry users around the world this week, a survey by Aite Group shows that out of 402 financial advisers polled, 45 percent say they would choose an Apple iPhone or iPad, while 14 percent would pick a BlackBerry.
It’s no secret that Samsung’s flagship Galaxy smartphones are leading the Android-powered pack of handsets. What may be less obvious is just how quickly the company is closing in on Apple’s title of world’s biggest smartphone vendor in unit terms. Samsung announced on Friday it expects its third-quarter profit to top even the most bullish market forecasts, driven in large part by booming smartphone sales. “The Galaxy S II probably played a key role in boosting the company’s earnings and it will continue to do so pretty much unchallenged, until Apple unveils a better new version of iPhone,” said Kyung Woo-hyun, a fund manager at Daishin Asset Management.
Apple dominates the tablet market — its iOS tablet software accounted for more than 60 percent of the tablet market in the second quarter, while Google’s Android made up about 30 percent, according to Strategy Analytics. So it’s no surprise that more than 40 educational institutions in the United States either require or recommend in-coming freshman or first-years come equipped with an iPad.
Google has agreed to pay $500 million to settle a probe into ads it accepted for online Canadian pharmacies selling drugs in the United States, the U.S. Justice Department said on Wednesday. The forfeiture is one of the largest ever in the United States, according to the DOJ. It represents Google’s revenue from Canadian pharmacy advertisements to U.S. customers through Google’s AdWords program and Canadian pharmacies’ revenue from U.S. sales.