Related topics: net profit · net income · iphone

Apple quietly working on virtual reality: report

Apple has a team secretly working on virtual and augmented reality gear in a budding challenge to Facebook-owned Oculus Rift and Microsoft HoloLens, the Financial Times reported on Friday.

IBM raises guidance, beats Street estimates

IBM Corp. raised its income guidance for the year on Monday as earnings in the latest quarter increased 8 percent because of growth in all three of its major product categories.

Microsoft plans Sept. 23 tablet computer event

Microsoft on Monday sent out invitations to a September 23 event at which it is expected to unveil new Surface tablets to challenge iPads and Android devices dominating the market.

Thai flooding disrupting hard drive supplies

The massive flooding in Thailand is disrupting supplies of hard disk drives (HDDs) for the world's personal computer makers, according to companies and market intelligence firms.

Apple prepares for first debt issue

Apple moved Monday toward its first-ever debt issue, filing documents describing plans for bond sales which would be used to pay dividends in an effort to stem its stock slide.

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