Netflix says it’s expecting its subscriber growth in the United States to slow in the coming quarter. The warning to investors came as the popular video rental company also reported second-quarter revenue that missed Wall Street expectations. The double-shot of bad news sent the company’s shares down about 9 percent in late trading.
By Kevin Webb
The opinions expressed are his own.
Reading about Aaron Swartz’s recent run-in with the law dredged up all kinds of feelings. I’m a long-time admirer of his work and was saddened to hear of his troubles. At the same time, reading the indictment, I was surprised by the seriousness of the charges and evidence against him.
Users of Apple’s iPhone, iPad and iPod Touch mobile devices might want to take a minute to do a software update this weekend. Apple rolled out a security fix for its iOS mobile operating software on Friday that plugs a hole that could allow hackers to gain remote access to those devices. The security flaw was discovered last week after a website released code that Apple customers can use to modify the software through a process known as “jail breaking”.
Google shares soared in after-hours trade as the company’s second-quarter revenue zoomed past Wall Street expectations. The Internet giant’s net revenue, which excludes fees paid to partner websites, jumped 36 percent to $6.92 billion in the second quarter. That’s not all investors had to cheer, though. Growth in a range of businesses from mobile to online video helped the company ring up a strong quarterly profit that also exceeded investor expectations. “Google should be viewed as a growth company again this quarter,” Stifel Nicolaus analyst Jordan Rohan told Reuters. “The combination of mobile search, Android, ad exchange, YouTube, and the core search businesses, they’re all doing well. Google is no longer a one-trick pony.”
Take note, Apple. Amazon.com wants to steal more of your customers. The online retailer plans to release a 9-inch tablet computer this fall that will run on Android software, the Wall Street Journal reported, citing sources familiar with the matter.
Apple has kicked its intellectual property dispute with Taiwanese smartphone maker HTC up a notch. The company filed a new complaint against HTC with a U.S. trade panel over some of its portable electronic devices and software, according to the panel’s website. Apple filed a similar action against the company last year and could be trying to strengthen the case against its rival by adding new patents to its claim this time around, notes AllThingD’s John Paczkowski. “It’s another broad warning to the industry,” he writes.“If you’re bringing a new smartphone to market, you had better make damn sure it doesn’t infringe on Apple’s IP.”
Can slower Internet speeds convince consumers to stop pirating copyrighted material online? That’s the assumption behind a new anti-piracy effort launched this week by a coalition of Internet service providers and groups representing movie studios and record labels.
Verizon Wireless customers, say goodbye to the days of unlimited Web surfing for a set fee on your smartphone. The biggest U.S. mobile provider will stop offering its $30 all-you-can-surf deal later this week, replacing it with a new tiered approach to data pricing. Customers who keep their smartphone use to 2 gigbytes (GB) of data per month or under won’t see a change to their bill, but those who go over that limit will be slapped with an extra $10 charge per GB. Heavy mobile users will have the option of signing up for a 5 GB or 10 GB plan for $50 or $80 respectively. AT&T made a similar move last year, meaning Sprint is now the last major wireless carrier offering unlimited data use. CNET reports that Verizon will also start charging for access to its mobile hot-spot service, which up until this week has been free and without bandwidth restrictions.
Social media junkies pining for an invite to try out Google+ will have to wait a little bit longer. Google decided to temporarily stop inviting users to join its new social network less than two days after it launched the service. What gives? “Insane demand. We want to do this carefully, and in a controlled way,” a Google engineering executive said in a Google+ post on Wednesday night. A company spokeswoman contacted by Reuters declined to say whether the company had resumed invites on Thursday.