Apple, Again, Shatters Views On Hot iPhones

Shoppers line up in Beijing to buy the iPad 2 on May 6, 2011. Apple said it sold more than 9 million iPads in the last quarter, a 183% increase. AP View Enlarged Image

2. Shares climbed 5% late afterwards the consumer electronics giant said Q3 profit jumped 122% vs. last year to $7.79 a share, trouncing analyst views by $1.94. Revenue rose 82% to $28.57 bil as iPhone and iPad sales ramp up. Apple generated $11.1 bil cash in Q3. Apple gave conservative guidance. ...

Most sector leaders rose Tuesday, however a couple that reported earnings afterwards the close were vastly mixed. Apple reached a record high, climbing 3.05 to 376.85 in active trading. Afterwards the close, the company's revenues and sales growth for the most recent quarter blew past expectations. ...

The FDA is taking the first steps toward regulating the more than 17,000 medical apps for Apple and Google Android-based smartphones, and other hand-helds. In a draft proposal, the agency said it will regulate apps that combine with regulated medical devices like heart monitors. ...

Nokia said its smartphone profit margin fell to 6.2% in its most recent period vs. 10.4% a year previously. The margin on basic phones, which more often than not are less profitable for the industry, fell to 16.5% from 19.4%. The declines show how the No. 1 cellphone maker is struggling vs. Apple, ...

Shot across the bow of Silicon Valley

NEW YORK — Mayor Michael Bloomberg is firing a shot across the bow of Silicon Valley, saying New York City's efforts to attract a new science and engineering campus will help the city surpass the California region as the world capital of innovation startups. "We understand that we will not ...

Social networking has become an easy way for clients to share feelings about sellers — and it's not always good news. Technology firm Nielsen found that 34% of Americans have used social media sites just as Facebook or Twitter to complain about a product, company or brand. "In 2010, the ...

The mobile Web could be research's version of having the cart earlier the horse. The great majority of people are unsatisfied with the speed of the mobile Web, putting billions of dollars in expected mobile ad, e-commerce and other revenue at risk, says a report slated for release Tuesday. The ...