Like a superstar athlete people are used to seeing have stellar performance all the time, a solid second calendar quarter for Apple was not enough and left people wanting more.
Apple has just reported its performance for the fiscal third quarter of 2012 but even though the numbers from the iPhone-maker are solid, the company still declined in the market after it missed estimates on Wall Street.
At the crux of the matter is a cool down of demand for the iPhone. Peter Oppenheimer, chief financial …

A very strong sales performance for smartphones has helped drive Samsung to post a record 5.05 trillion won ($4.46 bilion) net profit for the first quarter of 2012.
The figure is an 81 percent increase compared to the Suwon, South Korea-based Company’s net profit for the January to March quarter of 2011.
According to Samsung, strong sales of its Galaxy line of smartphones helped by steady sales of its Galaxy line of tablets along with better product margins has contributed to this …

Microsoft reported first quarter earnings on Thursday that beat estimates by analysts despite slow sales for its flagship Windows operating systems.

Microsoft posted first quarter results beating analysts’ expectations. Image: PeterWood / Flick (CC)

According to Microsoft, revenue for the company’s fiscal first quarter increased 7 percent to $17.37 billion compared to $16.2 billion during the first quarter last year.
Its net income also increased 6.1 percent to $5.74 billion, or 68 cents …

Nokia on Thursday reported a bleak performance for the just-ended fiscal second quarter at the company and has surrendered its smartphone leader status to Apple.
In its earnings report for the fiscal second quarter, Nokia revealed that it posted a loss of 368 million Euros compared to a profit of 227 million Euros for the same period last year.
The Finnish phone giant reported that net sales decreased by 7 percent to 9.275 billion Euros compared to net sales of 10 billion Euros for the same …

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Research in Motion, on Thursday, announced several things which only serve to strengthen opinion that the company is really in trouble.
The Canada-based company revealed on Thursday that it earned $695 million, or $1.33 per share for the three-month period which ended on May 28. The previous quarter, the company earned 934 million.
The report for the just-ended quarter is a decrease of …

According to people who have recently reviewed Facebook’s financial information, the social networking giant is likely to make over $2 billion in 2011, higher than it had forecast in 2010, prompting talk that it may reach a $100 billion valuation by next June. This would make Facebook one of the largest technology companies on the planet, surpassing Cisco and Amazon.

Facebook’s valuation was calculated to be about $50 billion in January 2011 when Goldman Sachs and Sky Technologies …

Struggling social networking website turned entertainment hub MySpace is now for sale, but its owner, News Corp, has earned slightly higher revenue in the second quarter compared to last year, at US$ 8.76 billion, and doubled its net income to $US 642 million. The growth is attributed primarily to its cable and broadcast TV business, healthy advertizing market, and increased subscription and re-transmission revenue.

Last year News Corp reported an adjusted $US 4.46 billion in full year …