Microsoft has confirmed that it will no longer release a Surface Mini in the spring. During the company’s quarterly earnings call on Tuesday, CFO Amy Hood said that part of the reason why Microsoft’s line of Surface tablets saw a revenue drop is because it decided to kill an unreleased product.
LinkedIn Corp (NYSE:LNKD) has announced that it has acquired Bizo. Bizo is a company that helps advertisers reach a target audience. The deal is valued at $175 million — 90% cash and 10% stock.
Microsoft Corporation (NASDAQ:MSFT) surpassed Wall Street estimates after jumping 17% in revenues, but its profits saw a 7% drop because of Nokia’s struggling phone business. Microsoft acquired Nokia in April to challenge companies like Samsung and Apple in the smartphone market and it added almost $2 billion to Microsoft’s quarterly revenue.
Apple Inc. (NASDAQ:AAPL) has announced its fiscal Q3 2014 earnings. Apple reported $37.4 billion in revenue and $7.7 billion in net profit ($1.28 per share). This is 5.9% revenue growth from a year ago and 19.6% in EPS (adjusted for the 7-for-1 split). Apple’s guidance from its last earnings released was between $36 billion and $38 billion in revenue with gross margin between 37% and 38%.
Electronic Arts Inc. (NASDAQ:EA) has reported an increase in Q1 profit, which is largely driven by titles purchased for new generation consoles. EA’s earnings and revenues for the quarter were ahead of Wall Street estimates. However, EA lowered its full year 2015 guidance due to a delayed launch of Battlefield Hardline and Dragon Age Inquisition.
Xiaomi, the Chinese smartphone giant, has launched a wearables fitness band that costs only CNY79 ($13). The $13 band is known as the Mi Band. It has sensors for tracking health metrics and it can be used as an alarm clock. The Mi Band can last 30 days on a full charge. It is also waterproof and is on the IP67 standard. The Mi Band can be used to unlock a Xiaomi smartphone.
Ellen DeGeneres has sold her 11,511 square foot home for $55 million to Sean Parker, the co-founder of Napster and the founding president of Facebook. The home was built in 1950 for real estate developer and modernist art collector Sidney Brody. The house was purchased for $15 million by an unnamed investor-owner around 4 years before it was purchased by Ellen. That investor spent around 3 years restoring the “Mid Century Modern” home. Ellen bought the home last winter for $40 million. Some of the home’s features include tennis courts, a swimming pool, and a guest house.
Yahoo! Inc. (NASDAQ:YHOO) is now hitting around 450 million monthly active users per month and its search and display mobile ad revenues grew 100%. According to reports, Yahoo! has closed on an acquisition for Flurry at a price of over $200 million.