EXCLUSIVE: Apple Australia appears to be struggling when it comes to making a profit, with financial documents obtained by SmartHouse revealing that profits fell in 2009 to just $2.5 Million despite revenue growth of 42% to $1.64 Billion dollars.
COMMENT: Telstra is set to become a major media Company after cutting an $11 Billion dollar deal with the Federal Government and the National Broadband Network Company. Key to their growth will be the Australian Competition and Consumer Commission who have the right of veto on several aspects of the deal.
Australian book chains Angus & Robertson and Borders have been placed into administration only hours after Borders in the USA was placed into Chapter 11. Neither company has a relationship other than a common name.
BREAKING STORY: Google is set to launch a brand new search engine days after being taken to task by the Australian Federal Government. They claim that the new engine will deliver searches faster and up to 70% fresher than previous searches due to the introduction of a new indexing system called "Caffeine".