Consumer electronic sales in Australia appear to coming back after Dick Smith today reported a 7.5% lift in sales. Big W also reported stronger sales in the toys; office, consumer electronics and home market however sales were not as good as Dick Smith, who had a poor Q3.
Internet search engine Google reported revenues of $US4.23 billion for the quarter ended September 30, up 57 per cent from the previous quarter and 9 per cent compared to the quarter before that.
Good news were slim picking at Sony today, with recent earthquake, PSN hacking and falling sales in most segments the order of the day. However, despite this Sony's TV sales actually witnessed a rise over the period to March 31 to US $43,045m.
This 16 per cent jump was due to a "significant increase" in unit sales that came mostly from the
Asia-Pacific and other regions, selling 22.4 million over the past year.
Apple has had a disastrous time over the past week, following its profit results and sending the S&P 500 Index plummeting to its worst weekly drop since the start of February.
Amazon.com sold US$1 billion (A$1.3 billion) in goods on its new business-to-business marketplace begun last year, and says customer purchases are growing about 20 percent each month.
After a shattering defeat in its case against IBM Australia, the Queensland Government has been ordered to pay Big Blue's costs which are likely to run into millions of dollars - and perhaps more than $1 billion.
Legendary investor, Warren Buffett has lifted his stake in Apple by a cool $1 billion. Apple stock closed higher on Monday after it was revealed that Buffett's Berkshire Hathaway outfit had taken the $1 billion bet on Apple stock earlier this year, boosting the iPhone maker's market value by more than $18 billion.