Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.
Software & IT services
Apple earns US$4 billion from iTunes software and services
Apple generated US$4 billion from iTunes software and services during the second quarter. Apple's iTunes Store has been a relevant source of income and a core to the tech giant's ecosystem.
Nikon cuts full-year forecast as demand for mirrorless cameras plunge
Nikon cut its full-year shipment target to 6.5 million from 7.1 million units as mirrorless cameras began to lose their shine.
First time buyers prefer Android, Apple gains repeat-buyers' choice
According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.
Nuance Communications gains as Carl Icahn expands stake
Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.
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Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.
Investors examined Facebook's price to earnings ratio and found that US$38 each share was overvalued.
Groupon pinned its turnaround on billionaire venture capitalist Lefkofsky who was recently appointed as the chief executive officer.
The Smartphone-like network of switches would be offered by Huawei in October to boost its market share and challenge its rival, Cisco.
Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
Apple turned things around and sought for Samsung phone sales ban in its home market. Apple Inc is currently trying to force the mobile devices of Samsung Electronics Co.
Demand Media's total revenue growth slowed to 9% to US$101.1 million due to changes at Google. On Wednesday, Demand Media said its aggregate year on year revenue growth slowed to 9% during the second quarter to US$101.
