Daily: Apple’s First Quarter of Negative Income Growth Since 2003 & 14 top Stories


Daily: Apple’s First Quarter of Negative Income Growth Since 2003 & 14 top Stories

Daily: Your everyday technology news brief of all that’s fit to cover is here. In today’s edition: Yahoo acquires mobile news co Summly, Apple’s first quarter of negative income growth since 2003 and 13 top stories.


Microsoft Updates Core Windows 8 Productivity Apps: Mail, Calendar and People. Microsoft is finally releasing an update for its built-in Mail, Calendar and People apps. The Mail app will support organizational functions like flagging emails and creating folders. The Calendar app will get a new look and meeting scheduling support. And the People app will sport a new command bar to make it quicker for you to navigate through your contacts. More here.

FirefoxMozilla Announces Firefox OS App Workshops, Along With Free Preview Phones For Attendees. Mozilla has announced a new workshop series designed to help spark interest in app development for the forthcoming Firefox OS, with the first three to take place in Madrid, Spain on April 20; Bogotá, Colombia on May 18; and Warsaw, Poland on June 1. Potential applicants have to submit an application to attend, in which they’re asked to demo their web development expertise and experience. In exchange, they’ll get hands-on access to Firefox OS devs, as well as Firefox OS Developer Preview hardware. More here.

Looks Like Those 1M Mystery BlackBerry 10 Devices Went To A Verizon Distributor. BlackBerry delivered one of the world’s most mysterious press releases a short time ago when it revealed that it had sold a cool 1 million BB10 devices to an unnamed partner, but now it looks like some sleuthing has turned up the real client. AllThingsD and Detwiler Fenton both report that the likely source of the order was Brightstar, an international distribution company that counts Verizon, along with carriers around the world as its partners. More here.


Yahoo acquires mobile news start-up Summly. Yahoo Inc has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to bolster the Web portal’s mobile services. Summly, founded by 17-year-old Nick D’Aloisio two years ago from his home in London, sorts news by topics in quick bites for smartphones. The start-up works closely with News Corp and is backed by Chinese investor Li Ka-Shing and angel investors including actor Ashton Kutcher and artist Yoko Ono. Full story here.

Hon Hai Posts Record Profit as Apple Expands Product Line. Hon Hai Precision Industry Co., the world’s largest contract manufacturer of electronics, posted record quarterly profit after it boosted production efficiency and output of Apple Inc. iPhones and iPads. Fourth-quarter net income climbed 5.6 percent to NT$37 billion ($1.2 billion), according to data compiled by Bloomberg based on full-year results published yfacebook_logoesterday. That’s ahead of the NT$35.9 billion average of 14 analyst estimates compiled by Bloomberg. Full report here.

NASDAQ’s Glitch Cost Facebook Investors ~$500M. It Will Pay Out Just $62M. When Twitter or Dropbox go public, they should remember May 18, 2012. The SEC has approved NASDAQ’s payout of $62 million to investors burned when the stock exchange’s trading systems broke down during Facebook’s IPO. Total losses for investors were pegged at $500 million by the Wall Street Journal, though. The debacle should push companies eying big IPOs to look at other exchanges. More here.

Apple’s first quarter of negative income growth since 2003. The bad news is that every analyst Fortune surveyed — even the most bullish — believes that for the first time in a decade Apple will report that its income this quarter was lower than the same quarter the year before. According to Thomson Financial, the consensus EPS for fiscal Q2 2013 on Friday was $10.18, down from $12.30 in Q2 2012. The analysts we’ve heard from so far are even more pessimistic. Their estimates range from a low of $9.23 to a high of $10.39 for a mean EPS of $9.85.  More here.

Oracle Acquires Network Manager Tekelec. Software giant Oracle today said it had acquired Tekelec, a company that makes software to manage traffic on mobile networks. Financial terms aren’t being disclosed. Oracle said in a statement that the growth of smart mobile devices — iPhones, iPads, as well as Android phones and tablets and the like — have exponentially boosted data traffic on networks. More here.


Facebook Finally Adds ‘Reply’ Option to Comments.Facebook announced on Monday it is rolling out a new feature so users can reply directly to comments left on their page. Followings months of testing, the social network aims to make navigating through conversation threads easier with the new Replies feature. This means that, instead of having to leave a response to a friend’s comment way after new ones have been added, you will be able to address each individual comment. Responses will be posted under the original comment too. Full report here.

Google+ updates mobile apps with photo filters, location sharing. Google released a big update for its Google+ apps for iOS and Android today, bringing a wealth of new features around photos, location sharing, and the product’s overall readability. More here.

linkedinLinkedIn unifies search functionality as it looks to promote news and content. LinkedIn has updated its website with a major revamp of its search function that unifies the service’s multiple search functions — people, companies, jobs, and groups — into one. In addition to simplifying the experience, the new search bar includes improvements that are said to be a year in the making. Full report here.

Big Moment For Vine As First Wolverine Movie Footage Comes Via 6-Second “Tweaser” Instead Of Trailer. Vine’s ready for its close-up. The first footage of new Marvel comics superhero film The Wolverine was released today through a Vine “tweaser” tweeted by director James Mangold. That’s a big departure from the modern tradition of first releasing a trailer on a film’s website, Apple’s trailer page and YouTube. Seems Hollywood has realized nothing leaves people wanting more like a great Vine. More here,

Myspace Hires Two VPs to Prep for Relaunch. Myspace, the struggling website that fueled the first major wave of the social Internet, announced Monday that it had hired two new vice presidents to prepare the company for its major relaunch this year. More here.


Top China college in focus with ties to army’s cyber-spying unit. Faculty members at a top Chinese university have collaborated for years on technical research papers with a People’s Liberation Army (PLA) unit accused of being at the heart of China’s alleged cyber-war against Western commercial targets. Full story here.

Beijing Takes Another Bite at Apple. The Chinese Communist Party’s main propaganda outlet assailed Apple Inc.’s AAPL +0.36% customer-service practices, the latest indication that China might move to check foreign companies’ domination of the country’s smartphone market. The People’s Daily newspaper, the party’s traditional mouthpiece, in a front-page article on Monday accused the electronics maker of declining journalists’ requests for interviews and issuing an “empty and self-praising” response to a recent critical report by China’s national television broadcaster. Full story here.

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