UPDATE: AAPL shares up, iTunes sells, iPad tanks

Latest figures for Apple were released recently. According to Apple's (AAPL) most recent report, the company's third quarter fiscal revenue beat analysts' forecasts, but predicts that this quarter's revenue will settle below expectations.


Asian suppliers cash in on Apple's sales

Apple's big sales boosted shares of its Asian suppliers. Despite strong sales from Apple in the general Asian market, the company's suppliers of screens and micro chips from the region are worried for the long term.

Apple CEO confirms drive to auto industry

Apple's chief executive officer Tim Cook said in an earnings call that the company will definitely do something for the automobile.

Insight Venture Partners boosts MediaSpectrum with $35.8 million minority equity investment

Insight Venture Partners has given a $35.8 million minority investment to MediaSpectrum. Insight Venture Partners has given $35. 8 million in minority equity investment to MediaSpectrum, Inc.


Latest News

FMC Corp said that they are set to acquire Epax, a Norwegian supplier for Omega 3 fatty acids. FMC Corp (FMC) announced that they have agreed to buy the Norwegian supplier for Omega 3 fatty acids, Epax.
Several analysts gave product-centered comments of Apple's June quarter results. The results of Apple's June quarter were out. Let's see what analysts have to say regarding the report.
Samsung contracted a different graphics processing unit company for its new Exynos 5 Octa chip. South Korean electronics giant Samsung Electronics announced today that it will be using a new graphics system with its release of the Exynos 5 Octa chip.
Samsung announced the launch of their new tablet product in the highly contested Indian tech consumer market.
CIT has named Dan Henderson as the Investment Director for CIT GAP Funds. Dan Henderson has been appointed as the Investment Director for CIT GAP Funds, according to a recent press release from the Center of Innovative Technology (CIT).
Michigan Pre-Seed Capital Fund has invested a total of $1.5 million to 6 start-ups in Michigan. The Michigan Pre-Seed Capital Fund had given funding to 6 companies in Michigan totaling $1.
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
In Series B funding, iRule has received $100,000 in funds from IncWell. IncWell LP, a private venture capital company, had invested $100,000 in iRule in Series B funding.
The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.
Sanofi India Ltd. and the Carlyle Group are in separate negotiations for the purchase of Elder Pharmaceuticals Ltd domestic drug formulations business.