Apple announces first weekend sales its new phone, but they are below some estimates on Wall Street.
Some on Wall Street were expecting as many as 10 million iPhone 5s to be sold in the first weekend, perhaps an indication that sales are not going as briskly as everyone thought. (My own personal expectation for the weekend was sales of between 6 million and 8 million iPhone 5s).
Some US carriers are overcounting data use – and customers are the ones paying for it.
It's tough enough to make sense of your cell phone bill with all the “extra” fees, and now it turns out your bill could be wrong.
New research from the University of California at Los Angeles, presented at the MobiCom Conference recently in Istanbul, Turkey, looked at the systems of two large U.S. cell phone networks (which the researchers declined to identify) and if they’re accurately charging customers for data use.
New PCs, tablets and smartphones could be in stores by Thanksgiving.
Microsoft has shown different versions of Windows 8 for smartphones, tablets and PCs, which it will begin shipping around Oct. 26. Apple delivered the iPhone 5 along with new software for all of its hardware form factors. (Microsoft owns and publishes TechBiz, an MSN Money site.)
Revenue will be recognized over a longer period, the company says.
Adobe (ADBE) trailed Wall Street's revenue estimates in its third quarter as the company ramps up its subscription business.
The San Jose, Calif.-based firm reported revenue of $1.081 billion, below analysts' expectations of $1.10 billion and at the low end of its own guidance of $1.075 billion to $1.125 billion. Adobe took a $9 million hit from currency losses.
Its plan to get back into the smartphone market seems grossly premature, if not radically misguided.
F. Scott Fitzgerald once wrote that "there are no second acts in American lives." That is also true in the world of business and Wall Street, where companies rarely (if ever) are given second acts or "do-overs."
But this is what tech giant Hewlett-Packard (HPQ) is asking for, or thinks it deserves, as it is now reconsidering its position in the smartphone market.
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[BRIEFING.COM] The drive for five continued today and it was a success. For the fifth straight session, the S&P 500 ended lower. Like the previous four sessions, though, the losses were fairly modest in scope. The S&P 500 declined 0.4%, bringing its total loss for the five sessions to 22 points or 1.2%. All in all, that still qualifies as a pretty tame slide considering the S&P 500 had risen 150 points, or 9.1%, over the previous eight weeks.
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