AT&T posts big loss on hefty charges, iPhone costs
(Reuters) – AT&T Inc posted a massive quarterly loss due to a break-up fee for its failed T-Mobile USA merger and other charges on top of costly subsidies for smartphones such as Apple Inc’s popular iPhone, sending its shares down more than 2 percent . While AT&T beat analysts’ expectations for mobile subscriber additions, the growth came at a cost as its wireless service margins plummeted. It also took a big noncash pension-related charge on top of its $4 billion break-up package. As a result, the telephone company posted a fourth-quarter loss of $6.68 billion, or $1. …
Android tablets closing in on iPad: researcher
(Reuters) – Tablet computers using Google’s Android software narrowed the lead of Apple’s iPad on the global market in the fourth quarter, research firm Strategy Analytics said on Thursday. Global tablet shipments reached an all-time high of 26.8 million units in the fourth quarter, growing 2-1/2 fold from 10.7 million a year earlier, the research firm said. “Dozens of Android models distributed across multiple countries by numerous brands such as Amazon, Samsung, Asus and others have been driving volumes,” analyst Neil Mawston said in a statement. …
HOW TO PLAY IT: The anti-contrarian on Apple’s high
NEW YORK (Reuters) – Apple’s first quarter in the post-Steve Jobs era was a success. Apple reported that it sold more than 37 million iPhones and some 15.5 million iPads during its last quarter after the market closed Tuesday. Its shares jumped more than 6 percent and hit an all-time high Wednesday, leapfrogging Apple past Exxon Mobil to once again become the most valuable company in the world. In what seems to be a quarterly routine, analysts scrambled to raise their target prices for the company following its earnings announcement. …
IPhone thieves find Apple support helpful to them, too
(Reuters) – When Apple Inc set up its customer service plan for the iPhone, it seems to have had the best intentions of humanity in mind — any phone under warranty can get serviced because it’s the phone that’s tied to the warranty, not the owner. So you don’t have to show up in person at an Apple store to get your phone fixed, which allows the common scenario of the boss sending his or her assistant to get repairs. Similarly, someone who bought their phone from someone else can get a repair without a hassle. …
Stellar Apple results point to a good year ahead
(Reuters) – Apple Inc shares surged the most in more than three years, after skyrocketing iPhone and iPad sales helped it smash Wall Street expectations, prompting analysts to raise their price targets on the stock by as much as $100. Shares of the company, which reported results for its first full quarter without charismatic founder Steve Jobs, were up as much as 8 percent in early trading to $454.45. …
iPhone, iPad app rewards being a couch potato
Want to earn stuff by watching TV? An app for that is set to debut Wednesday.
iPhone sales drive record quarter for Apple
Apple reported record quarterly net profit and revenue in the first quarter since the death of founder Steve Jobs, driven by strong sales of the new iPhone.
Apple doubles iPhone sales in 1Q
After uncharacteristically tepid sales in the July-to-September quarter, Apple came back with a vengeance in the last three months of 2011, vastly exceeding analyst estimates and setting new records.
Buffett secretary to attend State of the Union
The secretary for one of the world’s wealthiest men and the wife of late Apple cofounder Steve Jobs are among those invited by the White House to attend the State of the Union address.
Verizon Wireless margins hurt by iPhone
NEW YORK (Reuters) – Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone. Its Verizon Wireless venture with Vodafone Group Plc reported 1.2 million net new subscribers compared with the average expectation for over 1 million subscribers from five analysts contacted by Reuters with estimates ranging from 975,000 to 1.2 million. Verizon, whose shares were down 2 percent in premarket trading, posted a fourth-quarter loss of $2. …
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