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AT&T Rockin' It On iPhone Sales, But Margins And Earnings Will Suffer
Dec 7th, 2011
AT&T noted it had sold more than 6 million smartphones in the first two months of the fourth quarter, putting it on track for record sales as customers upgraded to the iPhone 4S. (Source: Forbes) -
Considering there's a large swath of people who hate iMessage for its frequent downtime and unreliability, you would think BlackBerry would be smart enough to launch its long-popular BlackBerry Messenger app for the iPhone. Oh, they're doing that now? And for Android, too? Good. Finally. Now here's how they're going to make mone... [Full Article]
(Reuters) - Video games retailer GameStop Corp's quarterly profit beat estimates for the fourth consecutive quarter, suggesting that its strategy of expanding its digital and mobile offerings is paying off in a tough video-gaming environment. Sales of video game hardware and software sales have dropped as gamers lean towards lower-priced onlin... [Full Article]
By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue growth slowed in the first quarter as the world's largest Internet retail struggled overseas, but margins jumped on lower shipping expenses and the expansion of more profitable new businesses. Amazon shares fell 1.9 percent to $269.43 in after-hours trading on Thursday fo... [Full Article]
HONG KONG (Reuters) - Shares in Chinese personal computer maker Lenovo Group Ltd jumped more than 4 percent after it reported a forecast-beating 90 percent rise in quarterly profit, its fastest in seven quarters. The stock rose as much as 4.3 percent in afternoon trade to HK$7.49 after it posted net profit of $126.9 million in the quarter ended in ... [Full Article]
BEIJING (AP) - China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. (Source: Associated Press)... [Full Article]
LONDON (AP) - David Cameron's Conservative Party has taken a drubbing in local elections amid a surge of support for an anti-European Union and anti-immigration party, heaping pressure on the prime minister to shore up support ahead of the next general election. (Source: Associated Press)... [Full Article]
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