Webwire: Apple grows profit 125%; Vodafone eyes new Indian partner
Apple posted yet another quarter of record results in its fiscal Q3, growing profit 125% to $7.31 billion (€5.1 billion), on 82% higher revenue of $28.57 billion.
Vodafone is in talks with at least two private equity firms to find a new partner for Indian venture Vodafone Essar, sources say. The company will need to offload at least 1% to comply with foreign ownership laws, and may sell that amount to existing Indian investors and then a larger stake to a new foreign partner.
Dick Costolo, chief of Twitter, is pledging to keep the site simple as it expands rapidly, indicating it will not wade in to a feature battle with Facebook and Google+.
Yahoo lifted its second-quarter profit 11.3% to $237 million (€167 million) despite revenue falling to $1.1 billion.
Chinese search engine Baidu has launched a beta version of its long-anticipated web browser.
The US FBI has arrested 16 people from across the nation in connection with hacking crimes including an attack on the PayPal website by hacker collective Anonymous.
The number of Chinese internet users grew to 485 million by end-June, taking penetration to 36%, government statistics reveal.