Mac App Store to debut in January

In other tech news: Twitter raises $200 million, while Facebook is likely to generate revenue of $2 billion this year.

By TheStreet Staff Dec 16, 2010 12:49PM

more technology and business news from thestreethigh tech © CorbisBy Olivia Oran, TheStreet

 

Apple (AAPL) shares were gaining 0.3% Thursday to $321.37 after the company announced that its Mac App Store will open on Jan. 6. The store, which will be similar to the App Store available for the iPhone, iPad Touch and iPad, will be available in 90 countries at launch.

 

In other tech news, Google (GOOG) had the largest share of the U.S. core search market in November, with a 66.2% slice, according to industry tracker ComScore. Yahoo! (YHOO) and Microsoft's (MSFT) Bing followed, holding 16.4% and 11.8%, respectively.

 

Shares of Google were rising 0.4% to $592.59, while shares of Microsoft were slipping 0.3% to $27.76.


Microsoft announced Wednesday it has kept its quarterly dividend flat at 16 cents a share. The dividend will be payable March 10, 2011 for shareholders as of Feb. 17, 2011. (Microsoft owns and publishes MSN Money.)

Micro-blogging site Twitter has raised $200 million in funding at a $3.7 billion valuation, according to AllThingsDigital. Venture capital firm Kleiner Perkins Caufield & Byers led the funding round.

Facebook is likely to generate revenue of $2 billion this year, beating projected sales targets, according to Bloomberg. The company had sales of between $700 million and $800 million last year.

 

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