BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Tech Observer >  

Last Bytes Apple Profit Soars Ebay Profit Falls

Tech Observer

by Mark Stein
Main
Earth Day Special: Gadgets to Green Your Lifestyle   First Bytes: New Blood at MySpace, Steve Jobs Testimony

Recent Blog Posts

Links

Apr 22 2009 5:04pm EDT

Last Bytes: Apple Profit Soars; eBay Profit Falls

Led by booming iPod sales and shrugging off a dip in its Macintosh business, Apple's net income rose 15 percent in the second quarter to $1.21 billion. Revenue increased 8.7 percent, to $8.16 billion. [BizJournals]

EBay's net dropped 22 percent in the most recent quarter as revenue retreated 8 percent. [WSJ]

The iPhone staunched some of AT&T's profit bleeding, as its first-quarter profit dropped 9.7 percent from a year ago, but the results far exceeded Wall Street's expectation of a bigger plunge. [NYT]

In App Store war, BlackBerry and Google are still holding their own. [Reuters]

The old streetlight is getting a "green" makeover. [WSJ]

Hong Kong appeals court blocks telecom firm PCCW's $2 billion buyout by a Hong Kong tycoon. [AFP]

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

Slideshows

500 Startups Hits New York

Dave McClure's brainchild makes its way to New York and introduces East Coast money folks to some intriguing new companies. View Slideshow