Apple misses estimates but still intrigues
week in review Apple disappoints Wall Street, as it unleashes Mountain Lion and entices eager iPhone 5 customers. Also this week: Netflix and Zynga shares tank and down goes Twitter.
Apple disappointed Wall Street this week but enticed iPhone 5-eager consumers.
During its third fiscal quarter, which ran through June 30, Appleand earnings of $8.8 billion, or $9.32 per share. Wall Street was expecting Apple to pull in earnings of $10.35 a share on revenue of $37.2 billion.
Apple sold 26 million iPhones during the quarter, which was down from the 29 million Wall Street expected, though up 28 percent from the same quarter last year. Apple broke its previous sales record of 15.43 million iPads, selling 17 million units -- an 84 percent increase over the 9.25 million sold during the same quarter last year.
CEO Tim Cook didn't flatly rule out the possibility of a fall product transition, noting that there's "incredible anticipation out there for a future product."
Apple's Cook hints at upcoming iPhone 5... or something
The latest version of Apple's desktop operating system is now available for download in the company's Mac App Store.
Facebook posted a net loss of $157 million on revenue of $1.2 billion. The stock was down in after-hours trading.
The company said that a coincidental failure of two parallel data center system left people without the micro-blogging service.
Former bureau official says hackers working for corporations have a duty to defend all the U.S. networks.
More from Black Hat/Defcon
The social gaming company had revenue of $332 million for the quarter ending June 30, well below the analyst forecast of $344.8 million.
The video rental service returns to profitability but sees a drop-off in profits and cautions that it may not meet its full-year target for 7 million new domestic subscribers.
Battling with Samsung in the U.S. over patent issues, Apple reckons that the amount of damages it's due should come in at a cool $2.5 billion.
Social network will reportedly be helping Iran in its fight against pornography and prostitution.
CEO Dick Costolo tells the Wall Street Journal that the micoblogging site is trying to "more closely tie the shared experience on Twitter to the actual event that is happening."
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