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| Amazon's success formula: move bits instead of boxes Friday, Apr 26, 2013 12:17 AM PDT  By Alistair Barr and Ben Berkowitz SAN FRANCISCO/NEW YORK (Reuters) - Amazon.com Inc appears to have figured out the secret to being more profitable: sell less physical stuff. The company reported slowing revenue growth and offered a disappointing outlook for this quarter on Thursday, exacerbating uncertainty about the health of its business beyond the United States. But that may be masking a fundamental shift in its business on home turf. ... Full Story | Top |
| Samsung takes more smartphone market share from Apple Thursday, Apr 25, 2013 11:10 PM PDT  (Reuters) - Samsung Electronics Co Ltd grabbed more smartphone market share from archrival Apple Inc in the latest quarter, with sales of its phones jumping to account for one third of the global market. Sales of the iPhone 5 helped Apple's volumes grow 6.6 percent to 37.4 million phones in the quarter from a year earlier, but that was not enough to stop its share of the market dropping to 17.3 percent from 23 percent, research firm IDC said. A flood of cheaper Android-powered devices from the South Korean maker lifted its shipments about 60 percent to 70.7 million, giving it a 32. ... Full Story | Top |
| Baidu foresees rising costs as competition heats up Thursday, Apr 25, 2013 10:53 PM PDT  By Melanie Lee (Reuters) - Baidu Inc, China's largest search engine, will increase marketing expenditures for the rest of the year to counter competition from rival Qihoo 360 Technology, which may further put the brakes on profit growth. Baidu posted on Friday its slowest quarterly profit growth since end-September 2008, citing a rise in traffic acquisition costs, or what a search engine pays to partner websites and software applications to show its search box or results. Traffic acquisition costs for the quarter were equivalent to about 10.2 percent of total revenue, up from 7. ... Full Story | Top |
| AT&T launches home security, monitoring service in U.S. Thursday, Apr 25, 2013 09:03 PM PDT  NEW YORK (Reuters) - AT&T Inc will kick off its home security and monitoring service in 15 U.S. markets on Friday, seeking to develop revenue streams beyond cellphone services. The No. 2 U.S. mobile service provider expects its Digital Life service to eventually bring in $1 billion in annual revenue. While AT&T, which reported first quarter revenue of $31.4 billion, still sells a lot of smartphones, growth in this sector is slowing for operators and AT&T posted a net loss of phone subscribers in the first quarter. ... Full Story | Top |
| Hon Hai targets Indonesia to diversify Apple-heavy revenue Thursday, Apr 25, 2013 08:40 PM PDT  TAIPEI (Reuters) - Hon Hai Precision Industry, the world's largest electronics contract maker, said it hopes to sign an agreement with Indonesia next month to make and sell handsets in the Southeast Asian country's huge domestic market. The Taiwanese company, which makes about 60 to 70 percent of its revenue assembling iPhones and iPads and other work for Apple Inc, has been trying to diversify its business and client base as the U.S. tech giant's growth momentum slows. ... Full Story | Top |
| Samsung sells 69.4 million smartphones in first quarter for 33 percent share: report Thursday, Apr 25, 2013 06:31 PM PDT SEOUL (Reuters) - Samsung Electronics Co sold a record 69.4 million smartphones in the first quarter, boosting its market share to an all-time high of 33.1 percent, data from research firm Strategy Analytics showed on Friday. Apple Inc, which sold 37.4 million iPhones in the March quarter, took 17.9 percent of the market, it said. LG Electronics Inc grew to the third biggest on 10.3 million unit shipments, followed by China's Huawei. (Reporting by Miyoung Kim; Editing by Jacqueline Wong and Richard Pullin) Full Story | Top |
| Samsung says no component shortages with Galaxy S4 Thursday, Apr 25, 2013 06:26 PM PDT SEOUL (Reuters) - Samsung Electronics Co said on Friday it is not having any component shortage issues related to flagship smartphone Galaxy S4, which goes on sale this weekend, as supply issues have snarled the U.S. rollout with some major carriers. "We have secured key components well in advance but temporarily experiencing supply problems due to stronger than expected initial supply request. We expect the bottleneck to be resolved soon," Kim Hyun-joon, vice president of Samsung's mobile business, told analysts. (Reporting by Miyoung Kim; Editing by Jacqueline Wong) Full Story | Top |
| Instant View: Amazon profit beats Street view; sales forecast weak Thursday, Apr 25, 2013 06:22 PM PDT SAN FRANCISCO (Reuters) - Amazon.com Inc's first-quarter revenue jumped 22 percent to $16.1 billion, propelled by growing sales of digital content, cloud-computing services and gains in retail. But it forecast weak sales this quarter, raising concerns about a slowing international business. Commentary: TOM FORTE, ANALYST, TELSEY ADVISORY GROUP "This quarter is a bit of a 'tweener' so to speak: the company gave you a favorable margin, which is evident in both gross-margin performance and the upside in earnings, and then sales while not spectacular were good. ... Full Story | Top |
| Samsung Electronics profit jumps ahead of Galaxy S4 debut Thursday, Apr 25, 2013 04:54 PM PDT  SEOUL (Reuters) - Samsung Electronics Co Ltd reported on Friday its sixth straight quarter of profit growth ahead of the debut of its latest Galaxy smartphone, the South Korean IT giant's biggest assault on rival Apple Inc yet. By launching the Galaxy S4 in the United States on Saturday, Samsung is taking aim at Apple's home market at a time when the iPhone maker appears to have hit a snag. Earlier this week, Apple reported its first profit decline in more than a decade and indicated no major product releases until the fall. ... Full Story | Top |
| Twitter settles dispute with analytics firm over data access Thursday, Apr 25, 2013 04:32 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - Twitter Inc and Peoplebrowsr Inc, a social media analytics firm, reached a settlement that would allow Peoplebrowsr to continue to buy Twitter's data until the end of 2013, the two companies announced Thursday. Beginning next year, Peoplebrowsr will have to purchase access to the full "firehose" of 400 million daily tweets through one of Twitter's authorized data resellers, according to the settlement's terms. ... Full Story | Top |
| Amazon growth slows, while profit margins expand Thursday, Apr 25, 2013 04:19 PM PDT  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 following the results. "The message there is North America was better than expected but international was softer. The question is ... ... Full Story | Top |
| Synaptics forecasts upbeat quarter on Samsung Galaxy S4 win Thursday, Apr 25, 2013 04:13 PM PDT By Neha Alawadhi (Reuters) - Touchscreen chipmaker Synaptics Inc forecast current-quarter results far above analysts' estimates and confirmed that it had won contracts from Samsung Electronics Co Ltd for its Galaxy S4 smartphone and Note 8 tablet. The company, whose shares rose 19 percent in after-hours trading on Thursday, said it expects fourth-quarter adjusted earnings of 88 cents to $1.00 per share on revenue of $190.0 million to $205.0 million. The forecast far outstripped the average analyst earnings estimate of 62 cents per share, on revenue of $158. ... Full Story | Top |
| KLA-Tencor sees revenue below expectations, economy weighs Thursday, Apr 25, 2013 04:13 PM PDT By Noel Randewich (Reuters) - Chip equipment maker KLA-Tencor Corp reported lower quarterly results and said its outlook for the rest of the year has weakened due to manufacturers' concerns about the global economy. KLA-Tencor's stock fell nearly 5 percent in extended trade after Chief Executive Rick Wallace said on a conference call he was seeing a pause in demand from contract manufacturers and gave a current quarter revenue estimate that was below expectations. Wallace said he expects chip companies to spend close to 10 percent less on capital expenditures this year compared to 2012. ... Full Story | Top |
| Qlik, Informatica raise revenue outlooks, shares jump Thursday, Apr 25, 2013 03:36 PM PDT By Sayantani Ghosh (Reuters) - Informatica Corp and Qlik Technologies Inc reported better-than-expected quarterly revenue and the business software makers raised their full-year revenue forecasts as enterprises spent more on integrating and analyzing data. The companies' shares rose in extended trading. While tech spending has been weak and traditional software companies have suffered, companies that make software to manage, process and analyze data have found favor as customers look to mine data for real time answers to their problems, boosting efficiency and cutting costs. ... Full Story | Top |
| Time Warner Cable shifts away from "triple play" Thursday, Apr 25, 2013 03:24 PM PDT  By Liana B. Baker (Reuters) - Time Warner Cable Inc, the second-largest U.S. cable provider, will no longer aggressively push "triple play" packages of Internet, video and voice on its customers, moving away from the long-held industry practice of bundling the services together. Time Warner Cable is the first cable company in the U.S. to acknowledge that customers would prefer to only pay for television and Internet, as demand for landline service has been declining steadily with many people only using cellphones, even at home. ... Full Story | Top |
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