Microsoft’s Quarterly Profit Falls Below Apple’s for First Time in 20 Years

Microsoft reported a smaller quarterly profit than Apple for the first time in 20 years as the iPad ate into sales of laptop computers. Microsoft’s net income for the quarter was $ 5.2 billion compared to Apple’s $ 5.99 billion. According to Financial Times. More About: apple, ipad, microsoft, Windows 8 For more Business & [...]

Netflix Profit Up 88 Percent, But Shares Fall 5 Percent

Netflix, the streaming-video and DVD-rental-by-mail giant, said that its profit soared 88 percent in the first quarter as it added 3.6 million subscribers globally. But the company’s shares were battered in after-hours trading, falling 5 percent after the company projected that its profits next quarter wouldn’t likely be as high as Wall Street traders hoped [...]