iPhone Cruncher

San Francisco (dpa) – Apple Inc may have wowed investors and analysts with its latest earnings report, which sent the company’s stock surging by more than 10 per cent on Wednesday.

But the sale of more than 35 million iPhones and 12 million iPads did not impress Forrester Research chief executive George Colony. The boss of the highly regarded research company shrugged off Apple’s impressive performance with a contrarian prediction that the world’s most valuable enterprise is primed for a long decline within four years unless it finds a magical chief executive to step in to the shoes of Steve Jobs, the quixotic Apple co-founder who died last year.
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SAN FRANCISCO – Apple on Tuesday released quarterly sales and earnings results that both surpassed analysts’ expectations.

In its fiscal 2012 second quarter ending March 31, the company raked 39.2 billion U.S. dollars in revenue, an increase of nearly 59 percent from 24.7 billion dollars in the same period a year earlier.
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Hong Kong (dpa) – Border officials in southern China busted a ring believed to have smuggled electronic goods worth 79 million US dollars from Hong Kong, a news report said Friday.

The goods – mostly iPads, iPhones and iPods – were allegedly sold via the internet after being smuggled from Hong Kong, evading taxes of 20 per cent, the South China Morning Post reported.
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NANJING — Students in Nanjing city, in east China’s Jiangsu province, will soon experience a fashionable way of study. They can leave heavy school bags at home, and take iPads into the classroom instead, as necessities such as books and papers will be replaced by the high-tech gadget.
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SAN FRANCISCO — Complaints about Apple’s third generation iPad that are running too hot started to pile up online on Tuesday as some independent tests showed the latest tablet runs 10 degrees Fahrenheit (around 5 degrees Celsius) hotter than its previous versions. Read More

SAN FRANCISCO — Apple announced on Monday that 3 million new iPads have been sold since its launch last Friday.

“The new iPad is a blockbuster with 3 million sold — the strongest iPad launch yet,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. Read More

NEW YORK (AP) — The customary storefront crowds are expected to gather as Apple’s latest iPad goes on sale Friday. Long lines are likely even though customers could have ordered the new tablet computer ahead of time for first-day home delivery.
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NEW YORK (AP) — Apple certainly has lots of buzz and corporate cache behind its products, but there’s a hidden — almost mundane — reason its newest iPad is likely to dominate the competition: the advantageous deals the company cuts with components manufacturers.
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NEW YORK (AP) — A startup backed by media billionaire Barry Diller has launched a service that sends live local TV feeds to iPhones and iPads. But the service may be short-lived, since TV stations are likely to challenge its right to use their broadcasts.
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JUNDIAI, Brazil (Reuters) – The nondescript stretch of asphalt is an unlikely symbol of Brazil‘s attempt to lift its economy into a new high-tech era.

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