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Apple profits fall

Computer and smartphone maker Apple has reported its first quarterly drop in profits in a decade, but said it will raise dividends for shareholders. It made a net profit of $9.5bn (£6.2bn) in the January to March quarter, down from $11.6bn last year. But the results were better than many had expected, as strong iPhone and iPad sales boosted revenues Continue Reading...
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Goldman says ‘sell’ Microsoft, others downgrade stock

Goldman Sachs recommended selling Microsoft today in the wake of brutal first quarter PC shipment numbers. Heather Bellini, an analyst at Goldman Sachs, recommended that investors sell the stock — downgrading it from a neutral rating, according to Bloomberg. “Quarterly results will “gradually deteriorate unless Microsoft successfully repositions itself as a more meaningful participant in the new era of consumer compute,” Bellini Continue Reading...
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Twitter hinting at new music service

Micro-blogging site Twitter is rumoured to be launching a new music service after buying the music discovery site We Are Hunted. We Are Hunted confirmed the deal, adding “there’s no question that Twitter and music go well together” – and said it was shutting down. The hashtag #music is also featured on the newly-launched music.twitter.com. Reports suggest the new service Continue Reading...
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