Apple has announced another stunning quarter, with revenues of $39.2bn earning net profits of $11.6bn or $12.30 per share. That compares with analyst expectations of $36.5bn in sales and $9.94 a share in profits.
The company sold 35.1m iPhones -up 88 per cent on the year-earlier quarter – but is expected to sell fewer in the current quarter, with revenues declining 13 per cent sequentially. Tim Cook, chief executive, and Peter Oppenheimer, chief financial officer, spoke to analysts after the announcement – our live blog is after the jump. Read more
For Google, missing the online storage and syncing market would be as damaging as missing social networking: much of the personal information that is most important to its users would sit on some other company’s servers, beyond the reach of its search crawlers.
That makes Google Drive its most important new service since Google+. Read more
Intel told its “Ivy Bridge” launch event in San Francisco on Monday it had more than 670 PC systems lined up to use this third-generation Core processor family.
That’s an unprecedented number of design wins for the world’s biggest chipmaker. It signifies that either this is one hot processor, or lengthy delays to it have created pent-up demand, or maybe the PC industry is gearing up for a big year, with Windows 8 launching. It could be all three, or something else, but Intel stuck to the silicon’s merits in its presentation. Read more
Amidst the rising anticipation ahead of its IPO, Facebook’s latest quarterly numbers are like a splash of cold water in the face. The growth in user numbers continues unabated, but revenues and profit margins are not what some investors were expecting. Here are a few things to note: Read more