Apple’s fiscal first-quarter results blew past Wall Street expectations, fueled by robust holiday sales of its iPhones and iPads. Apple sold 37.04 million iPhones and 15.43 million iPad tablets, outpacing already heightened expectations for a strong holiday season. Sales of iPhones and iPads more than doubled from a year ago. Revenue leapt 73 percent to $46.33 billion, handily beating the average Wall Street analyst estimate of $38.91 billion, according to Thomson Reuters I/B/E/S. Apple reported a net profit of $13.06 billion, or $13.87 a share. Analysts had expected Apple to earn $10.16 per share.
Yahoo is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said.
First it was a bronze statue in Hungary. Now it’s a Grammy.
The accolades for the technology icon who died Oct 5 are still pouring in.
While Jobs is not a musician, his influence on the music industry — good or bad — cannot be denied. And for this, the National Academy of Recording Arts and Sciences is giving the co-founder of Apple Inc a Grammy at an invitation-only ceremony on Feb 11.
Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.
By Aaron Pressman
The opinions expressed are his own.
Last week’s tiff over the Google Wallet app at Verizon Wireless may seem like just another minor dust-up among hardcore phone geeks. But the debate is an opening skirmish in a potentially huge battle, particularly if, as expected, a new iPhone model arrives that runs on Verizon’s high-speed “LTE” Internet service.
Phone makers RIM and Nokia denied installing on their mobile devices an app which can monitor what users are doing without their knowledge or consent while carriers AT&T and Sprint admitted to using it. The companies responded after a security researcher demonstrated in online videos how the “Carrier IQ” software worked on Google’s Android operating system and said that phones running RIM’s BlackBerry platform and Nokia’s Symbian OS also had the software installed. AT&T and Sprint said they use “Carrier IQ” to monitor network quality.
We do everything with our smartphones now: reading, writing, photography, music. And, to paraphrase that old American Express commercial, we never leave home without it. But the one smartphone function that hasn’t exactly exploded yet — and really should have already — is paying for things.
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.
The opinions expressed are her own. Possessing an ancient affliction known as “shame” I generally try to avoid brandishing opinions in the arena of “investment advice”, as hilarious as that would be. But a few weeks ago I nearly broke this rule when the PE ratio of a company whose products I actually use dipped below my height in feet (5.5.) “There’s gotta be a price for everything,” I figure; and I like to think that even I, were I a publicly traded security, would have levels at which I’d be a “Buy.” Well, four weeks after my editors wisely ignored that column, the PE ratio of the stock in question now looks like it could hit 3.14159.
Razr is back. After being criticized for depending on the four letter brand for too long, Motorola is hoping to draw some more blood from the stone with the new Droid Razr in the U.S. market. It will be called plain old Razr in the rest of the world.