Technology Report: Verizon evaluating whether to distribute PlayBook

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	04/20/2011
Good afternoon Bit Apple reported quarterly revenue of $24.67 billion on strong iPhone and Mac sales, racing past Wall Street estimates. In the quarter, the company sold 18.65 million iPhones and 3.76 million Macintosh computers. Analysts expected 16.3 million and 3.64 million, respectively. Sales of iPads and iPods fell short. The number of iPads sold was 4.69 million, shy of the 6.3 million expected. Sales of iPods were 9 million, versus expectations of 9.85 million. Analysts said that the weaker-than-expected iPad sales will not detract from strong long-term demand. "We can attribute some of the weakness to stocking issues at some of the retail outlets and obviously the supply chain issue in Japan," said Capital Advisors Growth Fund's Channing Smith. The next-generation iPhone will have a faster processor, look largely like the iPhone 4 and will begin shipping in September, three people with direct knowledge of the company's supply chain said. AT&T survived the loss of its exclusive U.S. rights to sell the iPhone, eking out a slight increase in subscribers in the first quarter and surprising Wall Street, though some analysts said the growth came at too high a cost. The No. 2 U.S. mobile service provider, which is planning to buy T-Mobile USA, had its wireless service profit margin drop to 39 percent from 44.5 percent a year earlier. EBay said it will buy Where, a company that delivers local advertising to mobile phones, in its latest push to allow more retailers to do business with customers through its services. LATEST NEWS Verizon evaluating whether to distribute PlayBook April 20, 2011 04:23 PM ET NEW YORK (Reuters) - Verizon Wireless is still evaluating whether or not it will distribute the PlayBook tablet computer from Research In Motion, the biggest U.S. mobile operator said on Wednesday. | Full Article AT&T weathers loss of iPhone exclusivity April 20, 2011 12:46 PM ET NEW YORK (Reuters) - AT&T Inc survived the loss of its exclusive U.S. rights to sell the Apple Inc iPhone. | Full Article Amazon to allow library lending of Kindle books April 20, 2011 10:01 AM ET NEW YORK (Reuters) - Amazon.com Inc will start allowing users of the Kindle to borrow e-books from many U.S. public libraries later this year in its latest move to speed the adoption of its electronic reading device. | Full Article Qualcomm beats Street and raises 2011 targets April 20, 2011 05:11 PM ET NEW YORK (Reuters) - Wireless chip maker Qualcomm Inc posted better than expected quarterly results and raised its full-year financial targets on improving demand for advanced phones, sending its shares up almost 5 percent. | Full Article Dow ends near 3-year high and Apple jumps after earnings April 20, 2011 05:06 PM ET NEW YORK (Reuters) - Big earnings surprises gave a positive turn to investor sentiment on Wednesday, propelling U.S. stocks to their best day in a month and lifting the Dow industrials to their highest in almost three years. | Full Article BUSINESS NEWS AmEx profit rises but costs soar and shares dip April 20, 2011 05:09 PM ET NEW YORK (Reuters) - American Express Co's first-quarter profit rose 33 percent from a year ago, beating expectations, but its expenses soared 19 percent, and the company's shares fell about 1 percent. | Full Article Existing home sales gain raises cautious hope April 20, 2011 01:49 PM ET WASHINGTON (Reuters) - Home resales volumes bounced back in March, a hopeful sign for recovery in the housing market, but prices continued to decline. | Full Article Fiat sees "happiness" in Chrysler ownership April 20, 2011 02:07 PM ET MILAN (Reuters) - Fiat SpA is pushing ahead with plans to get 51 percent of U.S. No.3 carmaker Chrysler, a goal that boss Sergio Marchionne defined on Wednesday as "happiness" for the Italian car maker. | Full Article Gold powers above $1,500 as inflation worries mount April 20, 2011 05:05 PM ET NEW YORK (Reuters) - Gold rallied above $1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped. | Full Article Politics, ideology overshadow debt limit talks April 20, 2011 01:25 PM ET WASHINGTON (Reuters) - In the looming fight over raising the debt limit, Washington will have its eye on two deadlines: July 2011 and November 2012. | Full Article U.S. TOP NEWS Lobbying push targets lawmakers on debt vote U.S. wants death penalty in USS Cole attack Special Report: From Hannibal Lecter to Bernie Madoff For $20 billion BP claims fund, legal challenges loom Some NY cab drivers to wear bulletproof vests RELATED VIDEO Emerging markets boost Intel: CFO Instagram CEO Kevin Systrom Entrepreneur's Edge: Word Lens A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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