Apple (AAPL) on Tuesday reported financial results for the third fiscal quarter of 2012. As always, analysts were expecting another monster quarter from the Cupertino, California-based consumer electronics giant, though questionable demand for Apple’s flagship product, the iPhone, led to some jitters on Wall Street ahead of Apple’s report for the June quarter. The numbers are now in, and Apple posted a profit of $9.32 per share on revenue of $35 billion, missing the Street’s expectations of $10.36 per share on $37.1 billion in sales. Apple posted a profit of $7.79 per share in the third fiscal quarter of 2011 and $12.30 per share in the second fiscal quarter this year.
Netflix’s (NFLX) stock has taken a beating over the past year — Netflix shares were trading around $80 on Tuesday, down from a 52-week high of $285.50 — but things have been looking marginally brighter in recent months. The company posted a narrower than expected $5 million loss in the first quarter this year, and Wall Street was expecting a profit of $0.05 per share on $888.9 million in sales for the June quarter. Netflix posted its second-quarter results shortly after the close of the market on Tuesday, and it beat analysts’ consensus with a profit of $0.11 per share on revenue of $889 million.
Microsoft’s CEO Steve Ballmer on Monday unveiled the company’s next generation Office Suite software during a press conference in San Fransisco, California. Office 2013, which includes Microsoft Word, Excel, PowerPoint and Outlook, is available for testing today in a public Consumer Preview for users of Windows 7 and Windows 8. The software giant’s latest Office Suite works with both tablet PCs and traditional computers, and supports touch, stylus, mouse or keyboard input. Microsoft is pushing the social aspect of Office 2013, which will allow for documents to be delivered to users through an up-to-date cloud service. “We are taking bold steps at Microsoft,” Ballmer said at the press conference. “The new, modern Office will deliver unparalleled productivity and flexibility for both consumers and business customers. It is a cloud service and will fully light-up when paired with Windows 8.” Microsoft’s press release follows below. More →
Apple on Monday made the near-final Gold Master version of its upcoming OS X 10.8 Mountain Lion operating system available to developers. OS X 10.8 Mountain Lion includes hundreds of new features, most notably the additions of a revamped Messages app with iMessage support, enhanced iCloud support, new notifications and new productivity apps. Apple will release OS X 10.8 to end users later this month for just $19.99. More →
Call it “Windows 8 on a stick.” During Microsoft’s Digital Worldwide Partner Conference on Monday, Microsoft showed off a USB stick that doesn’t just help users bring their personal data to different PCs but actually runs Windows 8 on that PC even if it runs on Windows 7. The portable version of Windows 8, dubbed Windows To Go, saves users’ apps and settings on a 32GB USB drive so users can make any computer seem like their home computer. Microsoft pitched the USB stick as a simple way for corporate users to easily access their work data on multiple PCs while still enjoying access to Windows 8.
Microsoft CEO Steve Ballmer announced on Monday during the company’s Worldwide Partner Conference keynote that Microsoft has acquired touchscreen technology company Perceptive Pixel. The company’s advanced touchscreen technology will open the door for a wide range of new functionality on Windows 8-powered devices. “I founded Perceptive Pixel with a mission to see how advanced technology can benefit the worker and help the worker get real work done,” Perceptive Pixel founder and CTO Jeff Han said on stage during Microsoft’s keynote. Perceptive Pixel’s website describes the company as “a recognized leader in interaction design, having pioneered the research, development and production of high-performance multi-touch platforms.” The terms of the deal were not disclosed. Microsoft announced earlier on Monday that its Windows 8 operating system will launch in October.
Microsoft announced on Monday during its annual Worldwide Partner Conference that its next-generation Windows 8 operating system will launch this October. The company confirmed that the Release to Manufacturing (RTM) version of its operating system is on track to be released to partners in August, and the final consumer version will be released in late October along with the first run of next-generation devices powered by the new operating system. Microsoft also said that users who purchase Windows 7 PCs today will be able to upgrade to Windows 8 Pro following its release for just $14.99.
Analysts anticipated another miss ahead of Research In Motion’s first-quarter earnings report on Thursday as sales continue to stall ahead of the struggling smartphone vendor’s first BlackBerry 10 smartphone launch, which is expected this October. RIM warned in late May that it would likely see an operating loss in the first fiscal quarter — its first net quarterly loss since fiscal 2004 — but the Street’s consensus ranged from a profit of $0.01 per share on $3.1 billion in sales to a net loss of $0.03 per share. The numbers are now in and RIM reported on Thursday that it lost $0.37 per share on revenue of $2.8 billion. More →
Just one day after releasing the final version of Google Chrome for Android, Google announced that it is releasing Google Chrome for iOS on Thursday during the second day of Google I/O. The new version of Chrome will work on both the iPhone and the iPad and will be able to sync bookmarks, open pages and passwords across all iOS devices that have Chrome installed. The browser is designed to work on versions of iOS 4.3 and higher. Google says that the iOS version of Chrome will be rolling out sometime on Thursday on the App Store.
Google Glass, Google’s tantalizing glasses headset that projects images and data directly onto users’ eyes, got its own segment at Google I/O Wednesday even though the product is nowhere near being released for public consumption yet. The Glass headset includes a camera that captures pictures, has a processor and memory to store data, a microphone to send and receive voice messages and multiple radios for mobile data communication. Google said today that Glass’s display is actually positioned just above a user’s eye so that it doesn’t cause a distraction. Google didn’t show off many of the high-end features that it teased in its initial video of the device but instead showed how the device could be used to transmit simple first-person videos across Google+. The company is offering Glass “Explorer Edition” for pre-order at $1,500 for Google I/O developers only, as the product is not yet ready for mass consumption and is still “rough around the edges” in Google’s words.
Google today announced a tablet-specific version of its Google+ social network. Among other things the new tablet applications will feature Hangouts that automatically switch cameras based on which person in the Hangout is talking. The new app will be available on both the Apple iPad and Android-based tablets. Google+ also now features an Events feature that integrates with Google Calendar and acts as the social networking site’s version of Evite that lets users set up and invite people to parties and other events. Google+ Events also features a “party mode” that automatically adds all photos taken to the party by any Google+ users who have “party mode” flipped on. “Party mode” also makes a live photo slideshow of pictures taken at the party as they’re taken. More →
During its annual I/O Developer Conference on Wednesday, Google announced the Nexus Q. The device is labeled as a “social streaming media player” that can stream entertainment from Google Play and YouTube to different speakers and television sets. The Nexus Q can be controlled by an Android smartphone or tablet running Android 2.3 Gingerbread or higher and will be available for $299.99 in the next 2 to 3 weeks. A video of the Nexus Q follows below. More →
Google on Wednesday unveiled the Nexus 7 tablet during its keynote presentation at the annual Google I/O developer conference in San Francisco, California. The company’s first own-brand tablet is intended to help Android take a bigger bite out of the consumer tablet market Apple’s iPad revived in 2010, but it may also end up pushing some of Google’s Android partners out of the picture by undercutting them. More →