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Apple’s shares fell more than 10 per cent in extended trading in New York after the Silicon Valley company reported first-quarter revenues and iPhone sales below Wall Street expectations.
Apple reported $54.5bn in sales compared to an analyst consensus of $54.7bn. along with iPhone sales of 47.8m units, below expectations of around 50m.
Our live blog of the earnings announcement and subsequent conference call is after the jump. Read more
In an age when it is often a good idea to sit down before opening your monthly wireless invoice, FreedomPop is promising ‘bill shock’ of a different kind.
The US-based startup backed by by Skype co-founder Niklas Zennstom and his venture capital firm Atomico, launched a potentially disruptive free wireless broadband service as a beta or trial service today. Read more
Motorola’s new Droid Razr M is the first smartphone launched by the company since it was acquired by Google in a deal that closed last month.
The Razr M was one of three new Droids launched on Wednesday at a splashy event in New York’s Gotham Hall by Dennis Woodside, a Google veteran and Motorola’s new chief executive. It is however the only one of the three which is available for pre- order immediately. (It will ship by September 13.) Read more
Apple’s victory over Samsung in the patents dispute shone an interesting light on the murky world of patents. For one thing it demonstrated clearly that there are two different types of patents around mobile devices that operate very differently.
On the one hand you have patents that are to do with how the phone actually operates, how it connects calls and handles data. These are the standards essential patents and they are the things that companies like Samsung, Nokia and Motorola have a lot of, as they have been in the business of making phones for a very long time. Read more
A US district court judge struck down a $147.5m jury award against RIM, ruling that the BlackBerry maker did not infringe patents owned by Mformation Technologies. Read more
The next move in the race for dominance of the lucrative smartphone market has been made by Samsung, after the Korean electronics group unveiled the latest incarnation of its best-selling Galaxy range in London.
The Galaxy SIII comes with a host of innovations and gimmicks – such as multitasking functions and a high definition screen – that Samsung will hope will be enough to take further customers away from the dominant iPhone range made by Apple. Read more
The complexity – one is tempted to say complete muddle – of the European patent system was highlighted on Wednesday when Nokia and HTC won a key victory in their intellectual property battle with IPCom.
IPCom, which is based in Germany, has waged a battle for several years to get mobile handset companies to pay it royalties for some technology it owns related to how mobile phones connect to 3G networks. Some handset makers have bought licences from IPCom, but Nokia and HTC strongly denied the validity of the patents and refused to pay up. Read more
The Lumia 900 runs on AT&T’s expanding LTE network and boasts a distinctive unibody design with curved side edges, a big 4.3 inch screen and an 8 megapixel digital camera sensor but despite these high-end specs, costs only $99. Read more
Broadcom is set to make indoor navigation easier and our online lives faster with two developments – the networking chipmaker is launching a new location-finding platform and acquiring the Israeli fibre-optics company BroadLink for $195m.
On a visit to San Francisco, Scott McGregor, chief executive (pictured), discussed the new moves and the prospects for a company that claims 99.9 per cent of all internet traffic and 100 per cent of smartphone data goes across at least one Broadcom chip. Highlights after the jump: Read more