Daily Archives: July 26, 2012

Facebook stock has tumbled to a new low in after-hours trading, as its first quarterly earnings as a public company underwhelmed investors.

Already nervous after Zynga’s disastrous results on Wednesday, markets were unimpressed at Facebook’s mere meeting of analysts’ consensus forecasts with $1.18bn in revenue and earnings, excluding certain items, of 12c. Read more

Roku and Vizio are the battling underdogs of the US TV industry, surviving and even prospering against bigger players thanks to their aggressive pricing strategies and rapid innovations.

Roku’s set-top box for streaming internet content has held its own against Apple TV, while Vizio has duelled effectively with Samsung over TV sales leadership. Now Roku has earned fresh legitimacy with a $45m investment led by News Corporation and its part-owned broadcaster British Sky Broadcasting. Read more

Get ready for the mother of all product launches.

That was the message earlier this week from the top brass at Apple. Sales of the iPhone 4S are winding down: with the coming of the iPhone 5, Steve Jobs’ heirs are about to face their first real test.

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