The wireless carrier, Verizon Communications, reported a healthy profit on Thursday. The revenue is mainly from the wireless business that made millions from the smartphone sales, services, and subscription that keeps growing steadily.
The company’s investors were reportedly very satisfied and happy with the results in spite of the communication company’s increase of smartphone plan prices and cutting down the unlimited data service these past few years. Customers just keep coming and subscribing and seems like they are more willing to spend now in their monthly bills.
According to analyst Tero Kuittinen of Alekstra, . . . → Read More: Verizon Wireless Reports Healthy Profit and Increased Share
Dropbox, the most popular cloud storage company is now moving to make their business get even more bigger. They are not just a company that sticks to the cloud and syncing business, they do have ambition and not just a small ambition, a very big ambition that wants to be in every internet users center of online needs or apps. To make this happen, the cloud storage company acquired the owner of the Mailbox app, Orchestra.
The question now is how much did it cost for the San Francisco-based company to acquire Orchestra? According to various . . . → Read More: Dropbox Acquires Mailbox
Wednesday, Apple Inc. has reported the kind of quarter they had that most large companies would love to have — the company has posted a profit of $13.1 billion and selling over 28 percent of iPhone units and more than 48 percent of iPad units which are considered the two biggest products of the tech giant.
For several months, the stock price of Apple has been sinking with eleven percent as its lowest.
The great success of the company in the past years has become its foundation for a lot of investors to expect nothing but perfection from the tech . . . → Read More: Despite Rumors Apple’s Profits Makes A Comeback
In 2012, Apple Inc.’s sales results were reported to be low. However, iPhone 5 was one of the best selling gadgets of last year and it was the iPad that did not have the same sales level due to supply issues.
An analyst from JPMorgan Chase & Co., Mark Moskowitz and his team has found out that the near-term constraints of Apple’s supplies in November has impacted and affected the sales of iPad.
Originally, Moskowitz has estimated that Apple Inc. would sell iPad units at 20.1 million during the month of December. But now, the current prediction is at 18.4 . . . → Read More: iPhone 5 sales are strong, but iPad sales could frustrate investors
Recent reports have been spreading that Apple Inc. is cutting down its supply chain on iPhone 5 components due to a weaker demand. However, current results are showing that the Apple’s newest gadget remains to be in high demand.
An analyst for Sterne Agee, Shaw Wu, has just recently sent a note to investors telling that his suppliers and checks have proven that the sixth generation smartphone’s demands are not slipping hard, so there’s nothing to worry about. Wu and other colleagues believe that this should not raise any apprehensions to the company itself, the market, . . . → Read More: iPhone 5 cutbacks not a big problem
On Wednesday, it seems that Apple invites are signalling the launching of the newest addition to their line of gadgets, the rumored iPad Mini. Also sparking several investors in pushing the stock of the company higher despite announcement of Microsoft of the cheap price for its Surface tablet.
It was on Tuesday when Apple has sent over media members invitations to an event on October 23, the date rumored to be the launching day of iPad Mini.
The invitation was a mutlicolored graphic showing the topmost portion of the Apple logo along with a tagline saying “We’ve got a little . . . → Read More: iPad Mini invites on the go, Apple
Google had recently recommended purchasing Motorola Mobility at the cost of $12.5 billion, at the price of $40 each share. As stocks of Motorola closed at $24.47 when the agreement was made public, the costs have increased since then and have traded over $38 most of the time. While most of the 63% premium agreed upon by Google a little too steep, John W. Keating, a Motorola Mobility shareholder, does not seem to repeat the same sentiment. He feels that the Mountain View based firm is purchasing Motorola Mobility for “pennies on the dollar.”
John W. . . . → Read More: Motorola Shareholder Files Case against Google