Apple's all-time record revenue, iPhone Sales Grow 142 %; iPad Sales Grow 183 %

Apple announced financial results for its fiscal 2011 third quarter ended June 25, 2011. The iPhone maker posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. These results compare to revenue of $15.70 billion and net quarterly profit of $3.25 billion, or $3.51 per diluted share, in the year-ago quarter. Gross margin was 41.7 per cent compared to 39.1 percent in the year-ago quarter. International sales accounted for 62 per cent of the quarter’s revenue.

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Kobo clarifies stake in Borders as bookseller shuts down

Kobo issued a release relating to the ongoing liquidation of bookseller Borders to clarify misconceptions about Kobo that have been inaccurately reported by the media and misunderstood by consumers.

Borders who is ceasing operations after letting go of 10,700 workers and shutting down 400 stores was an early investor in Toronto-based Kobo, Borders is expected to liquidate all remaining assets by September to pay off debt. Hit jump to see the full release.

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The Apple Beat: The Cloud saves the day

By Gadjo Cardenas Sevilla

I decided to set-up my ThinkPad X41 (last one IBM made) to take on a trip and decided to download the Thunderbird mail application to be able to access my .Me mail. I didn't read the instructions and the next thing I knew, my entire Inbox had disappeared.

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Symantec study uncovers new threats to Android

According to Symantec's new study, In just the first half of 2011, the growth of mobile malware and the increasing boldness and strategy behind the threats are alarming. 

Symantec recently conducted an in depth analysis of the security features of Apple’s iOS and Google’s Android platforms, noting areas of strength and weakness in both. Symantec published a blog post detailing a staged download method used by two newly discovered Android threats, Android.Lightdd and Android.Jsmshider.

By borrowing the staged downloader strategy from their traditional PC cousins, these threats attempt to complicate infection to the point where simple uninstalls of the malicious apps are insufficient.

The blog post can be read here:http://www.symantec.com/connect/blogs/android-threat-trend-shows-criminals-are-thinking-outside-box