Android-powered smartphones continued to reign with its growing market share while iPhone and BlackBerry's sales plunged in the second quarter.
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Microsoft's Windows Phone boosts its smartphone market share
Microsoft's Windows Phone boosted its smartphone market share from 3% to 4% allowing it to take the third highest position in the market.
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Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.
Facebook, Groupon gain more venture capitalists, spur rally
Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.
Facebook's US$38 per share is overpriced - investors
Investors examined Facebook's price to earnings ratio and found that US$38 each share was overvalued.
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Analysts said there's nothing wrong with Apple grabbing the silver medal since it also took a third of the global market share.
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.
PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.
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.
BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.
Fusion-io posted a large quarterly loss due to advertising costs and expenditures associated with the absorption of NexGen Storage's workers.
BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.
The five publishers that conspired with Apple objected to the US restrictions sought by the government against Apple in the e-book court case.
BlackBerry lost its third place position in a race for major smartphone platforms. Even with the launch of the latest mobile operating system and some new smartphones, BlackBerry still keeps on failing to establish a major smartphone platform that could be behind the lead of Android from Google and iOS from Apple Inc.
