Apple Second-Quarter Net Income Leaps 90 Percent

Apple's earnings in the second quarter have surged past analysts' expectations, and strong iPhone sales are the key: Apple says nine million of the smartphones were sold in the three months that ended March 27, more than double sales from a year ago. Strong Macintosh sales also bolstered Apple's numbers, with almost three million sold.

Apple says its net income in the most recent quarter jumped 90 percent, helped by strong iPhone and Macintosh computer sales.

Its results blew past Wall Street's expectations.

Apple Inc. says it sold nearly 9 million of its popular smart phones in the three months that ended March 27, more than double sales from a year ago.

The company sold almost 3 million Macs, a 33 percent increase. IPod unit sales edged down 1 percent, but Apple still sold 10 million of the digital players.

Apple says it earned $3.07 billion, or $3.33 per share. Revenue rose 49 percent to $13.5 billion.

Analysts expected Apple to earn $2.45 per share on $12.04 billion in revenue.

source:
http://www.newsfactor.com/story.xhtml?story_id=72886&full_skip=1

RIM Acquisition May Let BlackBerry Control Car Functions

Research In Motion is acquiring QNX Software Systems, whose open Neutrino operating system is used across many industry verticals, including autos. RIM may plan to let its BlackBerry smartphones control automotive and other functions. The QNX technology has been licensed for more than 17 million in-vehicle systems worldwide.

Research In Motion has put its buying power in motion with the acquisition of QNX Software Systems. The Waterloo, Canada-based phone maker reached an agreement with QNX's parent company, Harman International, to acquire the company, RIM announced Friday.

By acquiring the Ottawa, Canada-based QNX, RIM will gain access to its open operating system , Neutrino. The open platform is used across many industry verticals, including telecommunications, medical, defense and automotive.

While QNX's software is used in life-critical systems such as air traffic control, surgical equipment, and nuclear power plants, it has been used most recently in casino gaming terminals and in-car infotainment systems.

Licenses to Entertain

The phone maker may be planning to integrate its BlackBerry smartphone functions with in-car audio and infotainment systems in the short term, but for the long term it looks as though RIM may be interested in providing dashboard and communications systems using BlackBerry functions.

"RIM is interested in expanding opportunities for QNX in the automotive sector and other markets," said Paul Leroux, a spokesperson for QNX. "No question, this is a positive development for QNX."

By Patricia Resende

http://www.newsfactor.com/story.xhtml?story_id=72678&full_skip=1