Thursday, October 25, 2012

Apple iPad sales disappoint, Street eyes the holidays

Apple iPad sales disappoint, Street eyes the holidays


Apple iPad sales disappoint, Street eyes the holidays

Posted: 25 Oct 2012 07:08 PM PDT

The Apple Inc. logo hangs inside the newest Apple Store in New York City's Grand Central StationSAN FRANCISCO (Reuters) - Apple Inc delivered a second straight quarter of disappointing results and iPad sales fell well short of Wall Street's targets, marring its record of consistently blowing past investors' expectations. Shares in the world's most valuable technology company briefly dipped to levels not seen since the start of August, after it delivered a 27 percent rise in revenue for its fourth quarter while earnings rose 24 percent. ...


Samsung says to book patent provisions after U.S. ruling

Posted: 25 Oct 2012 07:49 PM PDT

People walk at a Samsung Electronics store in SeoulSEOUL (Reuters) - Samsung Electronics Co Ltd will book patent-related provisions once a U.S. court makes a ruling on its over $1 billion litigation with Apple Inc, it said on Friday. "The amount of provisioning will be fixed according to U.S. court ruling, and the costs will be set aside this quarter only if there's a ruling within the current quarter," Robert Yi, head of Samsung investor relations, told analysts. A U.S. federal jury said in late August that Samsung had copied key features of Apple's iPhone, and awarded Apple $1.05 billion in damages. ...


Tech CEOs trade barbs, warm up for holiday tablet wars

Posted: 25 Oct 2012 06:18 PM PDT

Microsoft CEO Steve Ballmer speaks at the launch of Windows 8 operating system in New YorkSAN FRANCISCO (Reuters) - The biggest names in consumer technology, stung by a string of disappointing quarterly results this month, are suiting up for what's shaping to be the fiercest holiday battle in years. Investors and consumers have already largely written off flaccid quarterly numbers from tech behemoths like Microsoft, Apple, Google and Amazon. What counts is the next 60 days, when the biggest names in technology do battle at a near-unprecedented scale and pace. ...


Facebook, Twitter Help Teens Develop, Says Study [VIDEO]

Posted: 25 Oct 2012 03:04 PM PDT

Facebook, Twitter Help Teens Develop, Says Study [VIDEO]Timeline posts, direct messages and retweets on Facebook and Twitter are directly shaping the social development of today's teens -- giving them a sense of belonging and identity.


Clinton: Facebook Post About Libya Attack Is Not Evidence

Posted: 25 Oct 2012 01:20 PM PDT

Clinton: Facebook Post About Libya Attack Is Not EvidenceU.S. Secretary of State Hillary Clinton is denying that an alleged Facebook post is "hard evidence" for who was responsible for last month's attack in Benghazi, Libya, that killed four Americans.


Samsung posts $7.4 billion profit, handsets mask weak chips

Posted: 25 Oct 2012 08:19 PM PDT

Students walk out of a showroom at the headquarters of Samsung Electronics in SeoulSEOUL (Reuters) - South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit - of $7.4 billion - with strong sales of its Galaxy range of phones masking sharply lower sales of memory chips. The record run, though, is likely to end in December, with profit growth slowing even more next year as TV markets stagnate and growth in high-end smartphones eases from the recent breakneck speed. Profit is expected to grow 16 percent next year, down from a forecast 73 percent this year, according to Thomson Reuters I/B/E/S. ...


Amazon reports first quarterly net loss in years

Posted: 25 Oct 2012 06:26 PM PDT

A box from Amazon.com is pictured on the porch of a house in GoldenSAN FRANCISCO (Reuters) - Amazon.com Inc reported its first quarterly net loss in more than five years on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe. Amazon shares slipped slightly to $220.75 in after-hours trading after the results. The company said its third-quarter net loss was $274 million, or 60 cents a share, versus net income of $63 million, or 14 cents a share, in the third quarter of 2011. Part of the loss related to an impairment charge from Amazon's investment in daily deal company LivingSocial. ...


Pandora falls on report that Apple in talks for Internet radio

Posted: 25 Oct 2012 01:41 PM PDT

(Reuters) - Shares of online streaming music service Pandora Media closed down 12 percent on a report that Apple Inc was in serious talks with major music labels to start an advertising-supported internet radio service by early next year. A deal could be reached by mid-November with Apple starting a service within the first three months of 2013, Bloomberg said, quoting people with knowledge of the negotiations. News last month that Apple could be considering a potential launch of an online streaming music service cast a shadow over Pandora's business prospects. ...

Tracks tops Android Apps of the Week

Posted: 25 Oct 2012 03:54 PM PDT

This week brings us lots of variety, from great social photo sharing apps like Tracks, to the continued impending enslavement of the world by Google with Google Calendar. We've also got a new RSS Feed reader in NewsBlur, the latest iteration of the Dolphin mobile web browser, and a really unique way to find music for your next rave! Here are this week's top Android apps.

Samsung logs record high profit in 3Q

Posted: 25 Oct 2012 08:37 PM PDT

Attendees try out the new Samsung Galaxy Note II during a launch event, Wednesday, Oct. 24, 2012, in New York. Aside from the 5.5 inch screen, the Note comes with a stylus and runs the latest version of Google's Android operating system, Jelly Bean. (AP Photo/Jason DeCrow)Strong sales of Galaxy phones propelled Samsung's quarterly profit to a record high, but its shares dropped Friday on the prospect its growth will slow in an increasingly crowded smartphone market.


Samsung posts $7.4 billion profit, handsets mask weak chips

Posted: 25 Oct 2012 08:19 PM PDT

Students walk out of a showroom at the headquarters of Samsung Electronics in SeoulSEOUL (Reuters) - South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit - of $7.4 billion - with strong sales of its Galaxy range of phones masking sharply lower sales of memory chips. The record run, though, is likely to end in December, with profit growth slowing even more next year as TV markets stagnate and growth in high-end smartphones eases from the recent breakneck speed. Profit is expected to grow 16 percent next year, down from a forecast 73 percent this year, according to Thomson Reuters I/B/E/S. ...


Samsung sold 56.3 million smartphones in third quarter: report

Posted: 25 Oct 2012 08:03 PM PDT

SEOUL (Reuters) - Samsung Electronics Co Ltd, the world's top phone handset maker, sold 56.3 million smartphones in the third quarter, widening its lead over rival Apple Inc, a report by research firm IDC showed. Samsung took 31.3 percent of the global smartphone market, while Apple, which sold 26.9 million iPhones, had 15.0 percent of the market in the September quarter. (Reporting by Miyoung Kim; Editing by Daniel Magnowski)

Tech CEOs trade barbs, warm up for holiday tablet wars

Posted: 25 Oct 2012 06:18 PM PDT

Microsoft CEO Steve Ballmer speaks at the launch of Windows 8 operating system in New YorkSAN FRANCISCO (Reuters) - The biggest names in consumer technology, stung by a string of disappointing quarterly results this month, are suiting up for what's shaping to be the fiercest holiday battle in years. Investors and consumers have already largely written off flaccid quarterly numbers from tech behemoths like Microsoft, Apple, Google and Amazon. What counts is the next 60 days, when the biggest names in technology do battle at a near-unprecedented scale and pace. ...


Samsung sees global DRAM shipment rising about 10 pct in fourth-quarter

Posted: 25 Oct 2012 06:02 PM PDT

SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, forecast on Friday global computer memory chip shipments would increase by 10 percent or slightly more in the current quarter and said it plans to grow faster than the broader market. The world's top memory chipmaker sees global shipments of NAND chips growing in the mid-20 percents in the current quarter sequentially, led by new mobile product launches, and Samsung again plans to grow faster than the market. (Reporting by Miyoung Kim; Editing by John Mair)

Samsung Electronics logs record-high profit in 3Q

Posted: 25 Oct 2012 05:54 PM PDT

Attendees try out the new Samsung Galaxy Note II during a launch event, Wednesday, Oct. 24, 2012, in New York. Aside from the 5.5 inch screen, the Note comes with a stylus and runs the latest version of Google's Android operating system, Jelly Bean. (AP Photo/Jason DeCrow)Samsung Electronics Co.'s third-quarter net profit nearly doubled over a year earlier to a record high propelled by strong sales of Galaxy phones that helped widen its lead over rivals.


Pandora shares fall on reported Apple music talks

Posted: 25 Oct 2012 05:52 PM PDT

Shares of Pandora Media Inc. snapped downward Thursday after a report said Apple Inc. and major music companies had intensified talks about starting a new music service early next year.

News Summary: Apple warns of holiday earnings drop

Posted: 25 Oct 2012 05:29 PM PDT

EXPENSIVE CHRISTMAS: Apple expects its profit to decline this holiday season, compared to last year. It's usually conservative in its forecasts, but it's sending a strong signal to Wall Street to bring down its estimates.

CA Technologies posts lower profit in fiscal 2Q

Posted: 25 Oct 2012 05:21 PM PDT

CA Technologies said Thursday that its fiscal second-quarter net income declined from a year earlier, as the software company recorded weaker subscription and maintenance revenue.

Amazon reports first quarterly net loss in years

Posted: 25 Oct 2012 04:58 PM PDT

A box from Amazon.com is pictured on the porch of a house in GoldenSAN FRANCISCO (Reuters) - Amazon.com Inc reported its first quarterly net loss in more than five years on Thursday as the world's largest Internet retailer spent heavily and suffered from an economic slowdown in Europe. Amazon shares slipped slightly to $220.75 in after-hours trading after the results. The company said its third-quarter net loss was $274 million, or 60 cents a share, versus net income of $63 million, or 14 cents a share, in the third quarter of 2011. Part of the loss related to an impairment charge from Amazon's investment in daily deal company LivingSocial. ...


Samsung posts $7.4 billion profit as handsets mask weak chip sales

Posted: 25 Oct 2012 04:56 PM PDT

Students walk out of a showroom at the headquarters of Samsung Electronics in SeoulSEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported record quarterly profit of $7.4 billion on Friday, with strong sales of its Galaxy range of phones masking sharply lower memory chip sales. The South Korean firm said July-September operating profit almost doubled from a year ago to 8.12 trillion won, in line with its earlier estimate. Samsung, reporting its results just hours after main rival Apple Inc, did not detail its third-quarter smartphone shipments, though these are estimated to have soared to 58 million. Apple said it shipped 26. ...


Is This the Slimmest iPhone Case Ever?

Posted: 25 Oct 2012 04:54 PM PDT

Is This the Slimmest iPhone Case Ever?Though iPhones may be beautiful just the way they are, you'll still need a case to protect them. But how minimalist can an iPhone case get?


Apple warns of holiday earnings drop

Posted: 25 Oct 2012 04:47 PM PDT

FILE -In this Saturday, Oct. 20, 2012, file photo, employees cheer customers as they enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.The slowdown in the growth of iPad sales was not unexpected, as the rumour mill correctly predicted that Apple would launch a smaller, cheaper iPad. It announced that device, the iPad Mini, on Tuesday, Oct. 23. (AP Photo/Andy Wong, File)Apple has a new iPhone, two new iPads and three new PCs as it heads into the holiday quarter, the biggest selling season of the year. But, paradoxically, it expects these new gadgets to bring down its profits compared to last year.


On the Call: Apple CFO Peter Oppenheimer

Posted: 25 Oct 2012 04:31 PM PDT

When reporting results for its latest quarter on Thursday, Apple Inc. said it expects its profit for the holiday quarter to below last year's results for the same period. Chief Financial Officer Peter Oppenheimer was asked to explain the background on a conference call with analysts.

Windows 8 to bridge gap between PC, mobile devices

Posted: 25 Oct 2012 04:28 PM PDT

Microsoft CEO Steve Ballmer arrives to give his presentation at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)Microsoft launched a radical redesign of its world-dominating Windows operating system Thursday, introducing a touch-enabled interface that attempts to bridge the gap between personal computers and fast-growing mobile devices powered by the company's fiercest competitors.


The Blue Screen of Death: 6 Fatal Errors That Crushed Your Soul

Posted: 25 Oct 2012 04:11 PM PDT

The Blue Screen of Death: 6 Fatal Errors That Crushed Your Soul1. Windows 3.x


Tracks tops Android Apps of the Week

Posted: 25 Oct 2012 03:54 PM PDT

This week brings us lots of variety, from great social photo sharing apps like Tracks, to the continued impending enslavement of the world by Google with Google Calendar. We've also got a new RSS Feed reader in NewsBlur, the latest iteration of the Dolphin mobile web browser, and a really unique way to find music for your next rave! Here are this week's top Android apps.

Microsoft highlights Surface at Windows 8 launch

Posted: 25 Oct 2012 03:51 PM PDT

Microsoft CEO Steve Ballmer holds a tablet before the launch of Windows 8 operating system in New YorkNEW YORK/SEATTLE (Reuters) - Microsoft Corp put its Surface tablet center stage at its Windows 8 launch event, hoping the sleek new device will spark a fightback against Apple Inc and Google Inc in the exploding mobile computing market. With interest in traditional computers waning, the world's largest software company is attempting to reinvent the Windows PC in a new format and directly challenge Apple's all-conquering iPad. ...


Buying guide: How to get, or avoid, Windows 8

Posted: 25 Oct 2012 03:41 PM PDT

Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)On Friday, Microsoft Corp. will release a new version of its Windows operating system, one designed to make desktop and laptop computers work more like tablets. There will be several ways to get it — or avoid it.


Microsoft enters hardware business with Surface

Posted: 25 Oct 2012 03:40 PM PDT

Mike Angiulo, corporate vice president of the Planning and PC Ecosystem team at Microsoft, shows the company's Surface tablet computer, and detachable keyboard, at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. He is accompanied by Microsoft Vice President Julie Larson-Green. (AP Photo/Richard Drew)Microsoft will be releasing its own tablet computer for the first time when the new version of Windows comes out Friday, as the software company tries to challenge Apple Inc. and its dominant iPad.


Microsoft makes risky bet with Windows 8 release

Posted: 25 Oct 2012 03:17 PM PDT

Microsoft CEO Steve Ballmer arrives to give his presentation at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)Microsoft unveiled a radical redesign of its world-dominating Windows operating system Thursday, introducing a touch-enabled interface that attempts to bridge the gap between personal computers and fast-growing mobile devices powered by the company's fiercest competitors.


Facebook, Twitter Help Teens Develop, Says Study [VIDEO]

Posted: 25 Oct 2012 03:04 PM PDT

Facebook, Twitter Help Teens Develop, Says Study [VIDEO]Timeline posts, direct messages and retweets on Facebook and Twitter are directly shaping the social development of today's teens -- giving them a sense of belonging and identity.


Apple misses Wall Street 4Q expectations

Posted: 25 Oct 2012 02:59 PM PDT

FILE -In this Saturday, Oct. 20, 2012, file photo, employees cheer customers as they enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.The slowdown in the growth of iPad sales was not unexpected, as the rumour mill correctly predicted that Apple would launch a smaller, cheaper iPad. It announced that device, the iPad Mini, on Tuesday, Oct. 23. (AP Photo/Andy Wong, File)Apple has a new iPhone, two new iPads and three new PCs as it heads into the holiday quarter, the biggest selling season of the year. But, paradoxically, it expects these new gadgets to bring down its profits compared to last year.


Apple iPad sales disappoint, Street eyes holiday quarter

Posted: 25 Oct 2012 02:52 PM PDT

The Apple Inc. logo hangs inside the newest Apple Store in New York City's Grand Central StationSAN FRANCISCO (Reuters) - Apple Inc delivered another quarter of lackluster results and iPad sales fell well short of Wall Street targets, pushing its stock down more than 1 percent. The world's most valuable technology company, whose share price flirted after hours with sub-$600 levels for the first time since August, delivered results largely in line with expectations. It had missed revenue forecasts a quarter ago. Apple sold fewer iPads than anticipated as the economy remained weak and consumers waited for the new iPad mini, which will hit store shelves next month. ...


Amazon posts 3Q results below expectations

Posted: 25 Oct 2012 02:48 PM PDT

FILE-In this Thursday, Sept. 6, 2012, file photo, Jeff Bezos, CEO and founder of Amazon, speaks at the introduction of the new Amazon Kindle Fire HD and Kindle Paperwhite personal devices, in Santa Monica, Calif. Amazon reported third-quarter results below Wall Street's expectations on Thursday, Oct. 25, 2012, including a large loss that was weighed by its stake in its online deals service LivingSocial and continued investments in technology and distribution centers to grow its business. (AP Photo/Reed Saxon)Amazon reported third-quarter results below Wall Street's expectations on Thursday — including a large loss that was weighed by its stake in online deals service LivingSocial and spending on its Kindle business and distribution centers to grow its business.


Holiday gadgets: Windows, Surface latest launches

Posted: 25 Oct 2012 02:45 PM PDT

A person tries a Samsung tablet computer running Windows 8 at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)It's been a big week for technology releases. Microsoft Corp. kicked off its campaign for the Windows 8 operating system and Surface tablet computer, just days after Apple and Samsung refreshed their lineups.


News summary: Microsoft launches Surface tablet

Posted: 25 Oct 2012 02:34 PM PDT

SURFACING: Microsoft's first self-made tablet computer goes on sale at its Times Square store in New York at 10 p.m. Eastern time Thursday and on Friday in 60 Microsoft stores in North America.

News Summary: Windows 8 event a subdued affair

Posted: 25 Oct 2012 02:16 PM PDT

Steven Sinofsky, president of the Microsoft Windows group, delivers his presentation at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)EIGHT AT THE GATE: Microsoft launched Windows 8 in New York without some of the fanfare of the past at a subdued event on a pier jutting into the Hudson River.


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