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Facebook trumps estimates on blistering ad sales growth

Photo illustration of 3D-printed models of people in front of a Facebook logo(Reuters) - Facebook Inc's quarterly profit and revenue blew past Wall Street estimates as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more. Facebook shares rose 6.7 percent in after hours trading on Wednesday. Total advertising revenue surged 63 percent to $6.24 billion, beating the average analyst estimate of $5.80 billion, according to market research firm FactSet StreetAccount.

07/27/2016 04:35 PM

As iPhone sales stagnate, services promise growth for Apple

Workers prepare for the opening of an Apple store in HangzhouThough Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone - which includes the App Store, Apple Pay and iCloud - will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook said on a post-earnings call on Tuesday. Revenue from the business rose 19 percent to about $6 billion for the third quarter, eclipsing sales of iPads and Mac computers for the second consecutive quarter to rank as Apple's second-largest unit after iPhones.

07/27/2016 04:02 PM

Twitter's video push seen taking time to fast-forward growth

A 3D-printed logo for Twitter is seen in this picture illustration made in ZenicaTwitter on Tuesday reported its slowest quarterly revenue growth since going public in 2013 as its user base grew by just 1 percent in the three months ended June. Since he took over the interim role in July last year, Twitter has lost about half its market value. Twitter has made it clear it sees video as a way ahead.

07/27/2016 02:02 PM

GoPro revenue plunges 47 percent, but beats estimates

GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New York(Reuters) - GoPro Inc's quarterly revenue plunged 47.4 percent, but beat analysts' estimates, which have been sharply lowered on shrinking demand for the company's body-mounted point-of-view cameras. GoPro's revenue fell to $220.8 million in the second quarter ended June 30 from $419.9 million a year earlier. Analysts on average were expecting revenue of $194.3 million, according to Thomson Reuters I/B/E/S. That is about 20 percent lower than the estimate on May 5, when GoPro reported first-quarter results and delayed the launch of its Karma drone until the holiday season.

07/27/2016 04:38 PM

Apple CEO touts future technology amid iPhone worries

Apple Inc. CEO Cook speaks on stage at the company's World Wide Developers Conference in San FranciscoAs iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology. Raving about hit smartphone game Pokemon GO, Cook stressed that Apple is “high on [augmented reality] for the long-run” and investing heavily. Augmented reality, in which computer-generated content is overlaid on the real world, is one of the latest fixations in the technology business, with Pokemon GO among the first applications to catch on.

07/27/2016 01:17 AM

Exclusive: Alibaba, eBay, CVC bid for Polish auction site Allegro - sources

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang provinceBy Agnieszka Barteczko and Adrian Krajewski WARSAW (Reuters) - Chinese e-commerce group Alibaba , U.S. online retailer eBay Inc , and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers , sources said. Polish online groups, owned by Innova Capital, and, controlled by Ringier Axel Springer could also be interested, some of the sources said.

07/27/2016 10:31 AM

Apple sold its billionth iPhone last week
When Steve Jobs first introduced the iPhone back in 2007, the Apple co-founder laid out a rather modest goal for the company's revolutionary smartphone -- to sell 1 million units, a figure which at the time represented approximately 1% of the global smartphone market. Not only did Apple reach that goal with ease, it quickly became apparent that the iPhone itself was a juggernaut, a once-in-a-lifetime product that would forever change the way we interact with technology. With each passing quarter, iPhone sales continued to skyrocket. Indeed, it wasn't until the company's March 2016 quarter that iPhone sales would experience their first year-over-year sales decline. That said, Apple last week reached an impressive new milestone -- 1 billion iPhones sold. DON'T MISS:  Ultimate Pokemon Go cheat lets you walk anywhere in the game without moving an inch Word of Apple's incredible milestone came via a press release issued earlier today. During an employee meeting at Apple last week, CEO Tim Cook made the following statement: iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day. Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference. Thank you to everyone at Apple for helping change the world every day. As for how we got here, the following chart maps out all of Apple's quarterly iPhone sales from 2007 all the way to the present. And for a little trip down memory lane, here's Steve Jobs masterfully introducing the iPhone back in 2007. What's particularly crazy about the original iPhone introduction is that the actual product vastly exceeded even the most wildly optimistic expectations about what the device was going to be like. Developing...
07/27/2016 04:33 PM

This magic chat app puts Facebook Messenger, WhatsApp and Skype all in one place
I spend a significant portion of my day swapping between messaging apps: Slack for work, Facebook Messenger for friends in the US and WhatsApp for friends abroad. It can be frustrating at times, but at this point, it's simply part of my routine. But what if it didn't have to be? What if I could have them all in one place? Introducing: All-in-One Messenger . DON'T MISS:  Two new videos get up close and personal with the iPhone 7 like never before All-in-One Messenger is a web-based chat app for Chrome that lets you log into over twenty messenger platforms at once, all in a single window. Additionally, you can log into as many accounts on the same platform as you like, so you won't have to log in and out if you need to access a secondary account. If you want to stay in the loop all day long, you can even allow the app to send you notifications when you receive a message, allowing you to reply with a single click. On the other hand, if you can't miss your Slack messages but want to remain undisturbed by Facebook, you can turn off notifications for specific apps. Rather than listing all the platforms that the app supports, we took a screenshot: It's not the first app of its kind, but it's definitely one of the sleekest and most functional. You can download it free today from the Chrome Web Store .
07/27/2016 04:25 PM

Facebook continues to thrive, closing in on 2 billion monthly users

Facebook continues to thrive, closing in on 2 billion monthly usersFacebook posted its second quarter earnings for investors today. If Facebook continues growing at this pace, it will have over 2 billion monthly active users by the end of next year. Since its IPO four years ago, Facebook’s stock price has more than tripled.

07/27/2016 04:23 PM

Apple has sold over 1 billion iPhones

Apple has sold over 1 billion iPhonesApple recently sold its billionth iPhone, the company announced today. During a meeting at Apple's Cupertino headquarters this morning, CEO Tim Cook made an appearance to celebrate the major milestone. "iPhone has become one of the most important, world-changing and successful products in history," Cook said.

07/27/2016 04:22 PM

Amazon announces category just for Kickstarter projects
07/27/2016 04:17 PM

Amazing fake trailer shows us what Quentin Tarantino’s ‘Suicide Squad’ would look like
Suicide Squad is hopefully going to be one of the best movies from the DC Comics cinematic universe, a story about a team of anti-heroes assembled by the US government to take part in a crucial suicide mission. We’ve already seen a variety of trailers featuring some of the most dangerous members of this squad, so we know what kind of characters to expect. But what if Quentin Tarantino made Suicide Squad ? Would we have the same villains in this deadly team? Would they even stick to a DC Comics script? Would it somehow be even bloodier? MUST WATCH:  Two new videos get up close and personal with the iPhone 7 like never before The video below is a parody trailer that imagines what Quentin Tarantino’s Suicide Squad would be like. Rather than seeing the Joker, Harley Quinn, Deadshot, and all the other bad guys from the comics, YouTube channel Loot Crate Production came up with a Suicide Squad based entirely on characters from Tarantino movies. We’ve got The Bride, Django, Jules, Gogo and Aldo ready to wreak havoc in this special version of  Suicide Squad , and you really have to see it. The plot has changed as well. These anti-heroes will not face whatever’s coming to them in the DC Comics universe. Instead, they’re going to war against Nazi Germany. In other words, it looks like Tarantino’s Suicide Squad would be another version of Inglorious Basterds . That said, the real Suicide Squad comes out August 5th. In the meantime, you definitely should check out the video embedded below.
07/27/2016 04:15 PM

The RedMi Pro is Xiaomi's first dual-camera smartphone

The RedMi Pro is Xiaomi's first dual-camera smartphoneXiaomi has announced the RedMi Pro, its first smartphone with a dual-camera setup. The RedMi Pro features a 13MP Sony IMX258 sensor along with a 5MP Samsung sensor on the rear of the device, which Xiaomi says will produce DSLR-quality photos. The RedMi Pro is also the first Xiaomi smartphone display to use an OLED display.

07/27/2016 04:09 PM

Amazon is giving period drama The Last Tycoon a series order

Amazon is giving period drama The Last Tycoon a series orderAmazon Studios

07/27/2016 04:02 PM

Flagship 'Dota 2' tournament sets cash prize record
07/27/2016 03:56 PM

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