market

As it usually does, Apple got the tech world excited this week when it introduced its new iPhone 5.

The magically, magnificent device will be an experience like no other and will provide consumers a 4-inch display and 4G LTE connectivity. In other words, stuff that Android phones have enjoyed for the better part of two years. That is, of course, unless you get a Sprint or Verizon iPhone 5 and want to use simultaneous voice and data.

In all seriousness, though, the new iPhone will be a good step forward for Apple as it does improve upon the existing … Read more

Apple's stock keeps soaring higher and higher following this week's unveiling of the iPhone 5.

Earlier today, the shares hovered at around $696, up almost 14 points since yesterday's close and within a hair's breadth of the $700 threshold. They closed at $691.28.

The climb began Wednesday during the iPhone event.

Shares started to rise as the event unfolded, reaching $668. Many investors decided to cash in at that point, since the stock fell back down to $657 after the event. But further trading drove the stock up to $669. It jumped still further in … Read more

Add another entry to the lengthening list of reduced revenue estimates for Facebook.

eMarketer said in a report issued earlier today that it has cut its 2012 revenue estimates on Facebook from more than $6 billion to around $5 billion.

In February, eMarketer estimated that Facebook's total revenues would go beyond the $6 billion mark this year, but the company's underwhelming performance in the first and second quarters of 2012 has changed the opinion of analysts.

The new estimate has Facebook's revenue at a 35.9 percent increase from 2011, according to eMarketer's forecast, but analyst … Read more

A number of child protection and privacy groups have asked the Federal Trade Commission (FTC) to launch an inquiry into viral campaigns that are centered on children through online networks.

The main cause for complaint involves what is known as "tell a friend" or "refer a friend" campaigns. The Center for Digital Democracy (CDD) and 16 other advocacy groups named McDonald's, Viacom, Turner Broadcasting -- known for its Cartoon Network channel -- General Mills and Subway in five separate complaints with the FTC.

At the center is the contention that these major corporations have violated … Read more

The traditional PC market is in dire need of some hot new products to drive growth. Too bad that's probably not going to happen soon, according to market researcher IDC.

The worldwide PC market has basically slowed to a crawl this year, IDC says in a report released today. It expects just 0.9 percent growth this year, the second consecutive year of growth below two percent.

While citing the usual macroeconomic culprits -- slowness in Asia and mature markets -- the report said consumers are "considering spending on other products like media tablets and smartphones" while … Read more

Google's ingenious marketing and creative departments -- the folks who tirelessly reinvent the company's logo in the form of "doodles" (and by so doing seem to have taken branding to a whole new realm) -- have produced a new and equally irresistible gimmick.

This time around, as noticed by AllThingsD's Mike Isaac, it's a change to the Google home page's iconic "I'm Feeling Lucky" button.

When you mouse-over the button, it "spins" like the display on a slot machine and stops on any one of several "I'… Read more

Move over, Microsoft. Your record as the most valuable public company ever has been topped.

Apple today set a new mark as the most valuable publicly traded company of all time, reaching more than $622 billion in market capitalization, a measure of a company's stock price times the number of shares it has outstanding.

Microsoft had long held the record for the most valuable public company, having hit $618.9 billion at the end of 1999. Since then, the software giant has watched its market cap fall to its current $258.2 billion.

Apple reached the $600 billion market … Read more

A report suggests that Microsoft offloaded around 20 percent of its shares in Facebook just after the social network went public. In doing so, the software giant received $249 million back -- close to $10 million more than it first invested.

The Redmond, Wash.-based company invested $240 million in Facebook in 2007 for a 1.6 percent stake in the social network. Back then it wasn't a huge amount, but was a major boost for Facebook to have a dominant player on its roster. Soon after, Bing Search and Bing Maps were brought to the social network … Read more

Lenovo is on fire.

The PC maker today reported sales of $8 billion during its fiscal quarter that ended June 30, up 35 percent from the $5.9 billion it generated during the same period last year. Lenovo's profit hit $141 million, up from the $108 million it posted in the fiscal first quarter of 2011.

Lenovo's strong performance comes on the back of its soaring PC shipments. The company's notebook shipments rose 27 percent in the fiscal first quarter, helping it to hit a record 15.4 percent market share in that market. On the desktop … Read more