Posts Tagged ‘tech Gadgets’

Apple blames quarterly miss on new model anticipation, economy

SAN FRANCISCO (Reuters) – Apple Inc’s results fell short of Wall Street‘s expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its stock price. Shares of the world’s most valuable technology company shed more than 5 percent of their […]

On the Call: Apple CFO Peter Oppenheimer

Apple Inc. reported a drop in the average selling prices of its products in the latest quarter. On a conference call, an analyst asked Chief Financial Officer Peter Oppenheimer to explain the reasons. QUESTION: The average selling prices for the iPad and the iPhone seem to have declined. Is that a function of the availability […]

NY judge sentences online poker worker to prison

NEW YORK (AP) — A former Internet poker company employee who returned to the United States from Costa Rica to face charges he helped process illegal gambling proceeds has been sentenced to a year and two months in prison by a judge who says too many people in business are willing to break the law […]

Apple sags in 3Q as iPhones go for less

NEW YORK (AP) — More consumers are buying the least expensive versions of Apple‘s iPhones and iPads, a new phenomenon that is causing the company’s breakneck growth rate to slow. On Tuesday, Apple Inc. revealed that both revenue and net income posted increases of just over 20 percent — cause for celebration at most companies, […]

Profile on dating website appeared to be Holmes’

DENVER (AP) — A profile for a man whose name and appearance matched Colorado shooting suspect James Holmes has been removed from a dating website. Match.com spokesman Matthew Traub on Tuesday confirmed reports on TMZ.com and elsewhere that the profile was posted before the movie theater massacre. Traub would not comment on whether Match.com believes […]

Verizon, Redbox get ready to go toe-to-toe with Netflix

Apple has finally given its next version of Mac OS X — Mountain Lion — a release date and it’s real close: tomorrow, July 25, in fact. Company CEO Tim Cook made the announcement during Apple’s third quarter earnings report, … Continue …

Skype’s own privacy policy says it can spy on users’ IMs

Apple has finally given its next version of Mac OS X — Mountain Lion — a release date and it’s real close: tomorrow, July 25, in fact. Company CEO Tim Cook made the announcement during Apple’s third quarter earnings report, … Continue …

Apple profit jumps to $8.8 bn, but below forecasts

Apple on Tuesday reported a rise in its quarterly profit to $8.8 billion on hot iPad sales but missed lofty Wall Street expectations due, in part, to iPhone lovers waiting for a rumored new model. The profit in the fiscal quarter to June was up 20.5 percent from a year earlier, but short of analyst […]

Hackers publish 11 million gamer passwords online

Apple has finally given its next version of Mac OS X — Mountain Lion — a release date and it’s real close: tomorrow, July 25, in fact. Company CEO Tim Cook made the announcement during Apple’s third quarter earnings report, … Continue …

Apple blames rare miss on new iPhone anticipation, economy

SAN FRANCISCO (Reuters) – Apple Inc results fell short of Wall Street’s lofty expectations as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter. Shares fell more than 5 percent to $570.81 in late trade after the world’s most valuable technology company […]

Comcast charges a wallet-incinerating $300 a month for new 305Mbps ‘platinum’ broadband

Apple has finally given its next version of Mac OS X — Mountain Lion — a release date and it’s real close: tomorrow, July 25, in fact. Company CEO Tim Cook made the announcement during Apple’s third quarter earnings report, … Continue …

Apple earnings miss takes bite out of Asia supplier shares

TAIPEI (Reuters) – Shares in top Asian suppliers to Apple Inc took a hit on Wednesday after the company’s latest quarterly results missed expectations, although several recovered ground as investors looked ahead to the company’s new products later this year. Hon Hai, LG Display and Toshiba all sank more than 5 percent after Apple posted […]

LG Electronics posts profit despite mobile loss

SEOUL, South Korea (AP) — LG Electronics Inc. says its quarterly profit rose by nearly half even as its mobile phone business sank to a loss due to lower handset sales. The South Korean company said Wednesday that its April-June net income rose 47 percent from a year earlier to 159 billion won ($138 million). […]

ARM outperforms industry to beat forecasts

LONDON (Reuters) – Britain’s ARM Holdings beat market expectations for the second quarter after demand for its low-power chips in smartphones outstripped the industry, providing a firm foundation against growing signs of weakening consumer demand. Apple, which uses ARM’s technology in the iPhone and iPad, missed expectations on Tuesday, hit by Europe’s economic woes and […]

Nintendo Q1 loss lower than expected, keeps annual forecast

TOKYO (Reuters) – Nintendo Co Ltd , the world’s No.1 games console maker, reported a first-quarter loss that was half of what analysts had expected due to cost-cutting and new software titles. The creator of the Super Mario franchise stuck with a forecast for full-year operating profit to rebound to 35 billion yen ($447 million) […]

Canon cuts profit outlook, signals euro pain for Japan Inc

TOKYO (Reuters) – Canon Inc trimmed its full-year operating profit outlook, buffeted by a euro zone crisis that has sent the yen surging and sapped demand from a key overseas market, boding ill for earnings prospects in Japan‘s export sector. Canon, long one of Japan’s most profitable technology companies with its aggressive cost-cutting, is also […]

Apple’s rivals swoop as iPhone China sales flag

HONG KONG/SHANGHAI (Reuters) – Apple Inc’s disappointing China sales suggest that its customers will not always wait for the next iPhone when rivals such as Samsung have plenty of flashy new models available now, analysts and resellers said on Wednesday. China is Apple‘s second-largest market, and its rabid fans have been known to seek out […]

Boid for Twitter is a mixed bag so far

I am an avid Twitter user, and so I’m always on the lookout for a great new Twitter app. Boid for Twitter, which is in beta for Ice Cream Sandwich and Jelly Bean devices, looks like that next great Twitter app at first glance, but when we dig down deep, we discover we aren’t so happy […]

European regulators eye Google antitrust truce

SAN FRANCISCO (AP) — European regulators say they are encouraged by recent negotiations with Google aimed at settling an antitrust investigation into the company’s business practices. Tuesday’s statement from the European Commission comes three weeks after Google Inc. submitted a list of changes that it’s willing to make to address complaints that it unfairly favors […]

AT&T smartphone sales fall in 2Q, boosting net

NEW YORK (AP) — ATT Inc. on Tuesday posted the best profitability ever in its wireless arm, paradoxically because it sold fewer smartphones. The largest telecommunications company in the U.S. said its subscribers are now holding on to their phones longer: The rate of upgrades to new phones was at a record low in the […]

New Mac operating system goes on sale Wednesday

NEW YORK (AP) — Apple Inc. will release its new operating system for Mac computers on Wednesday, with features borrowed from mobile devices and a tighter integration with online file storage. Dubbed Mountain Lion, the new software narrows the gap between the PC and phone software packages, making Mac personal computers work more like iPhones […]

Amazon limits 3G use on Kindles to 50 megabytes a month

Shouldn’t be a problem for casual readers Amazon has placed a cap on 3G broadband use for its Kindle e-readers, ending its previously unlimited free browsing. Browser use is now restricted to 50 megabytes per month for the devices. The cap will not include use of the e-readers on wifi networks and you can still […]

Mac OS X Mountain Lion is coming tomorrow, July 25

Apple’s latest operating system will hit the Mac App Store for $19.99 Apple has finally given its next version of Mac OS X — Mountain Lion — a release date and it’s real close: tomorrow, July 25, in fact. Company CEO Tim Cook made the announcement during Apple’s third quarter earnings report, which also contained […]

LG Electronics’ profit falls as mobile loses money

SEOUL, South Korea (AP) — LG Electronics reported a lower quarterly profit as its mobile phone division sank to a loss, underlining the challenges for its smartphone business as it struggles with competition from Apple and Samsung. The South Korean company said Wednesday its April-June net income totaled 159 billion won ($138 million) on revenue […]

Netflix’s 2Q numbers disappoints, stock tumbles

SAN FRANCISCO (AP) — Netflix is making money again, but its recovery wasn’t impressive enough to soothe investors worried about rising licensing fees and stiffer competition confronting the video subscription service. Second-quarter results announced Tuesday included a 91 percent drop in net income and came after a rare loss to start the year. The drop […]

Apple sags as consumers buy cheaper iPhones

NEW YORK (AP) — More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple‘s breakneck growth rate to slow. On Tuesday, Apple Inc. revealed that both revenue and net income posted increases of just over 20 percent — cause for celebration at most companies, but meager by Apple […]

Baidu 2Q beats estimates; shares rise

NEW YORK (AP) — Chinese Internet search leader Baidu Inc. on Monday reported second-quarter profits that topped analysts’ expectations, saying its ability to bring in new customers helped it overcome economic headwinds. Net income in the three months to June 30 rose 70 percent to $436 million, or $1.24 per American Depositary Share. Adjusted to […]

‘Slumdog’ champion Rice promoted at News Corp

NEW YORK (AP) — News Corp. on Monday gave another promotion to the executive behind the underdog hit “Slumdog Millionaire.” Peter Rice, who had been chairman of entertainment for Fox Networks Group since 2010, was named chairman and chief executive for the entire group. Rice was already in charge of the Fox broadcast network and […]

Patent company NTP settles with Apple, Google etc.

NEW YORK (AP) — NTP said Monday that it has settled patent suits over email delivery with 13 major technology companies, including Apple, Microsoft, Google and all four national wireless carriers. NTP Inc. did not disclose the value of the settlements. NTP holds patents on the wireless delivery of email. Those patents expired this year, […]

HTC lowers the volume on Beats, sells back half its stake

Prem Watsa, one of Canada’s best-known value investors, has nearly doubled his stake in BlackBerry maker Research In Motion Ltd. to 9.9 percent, according to a regulatory filing Monday.

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