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Pathik has written and can be contacted at pathik@techie-buzz.com.
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Netflix reported its earnings for the second quarter of 2012, with revenue of $889 million and a net profit of around $6 million.

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Google has outlined how exactly it valued Motorola when deciding to acquire it, by breaking down the $12.4 billion price tag into various components.

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Foursquare has launched Promoted Updates, a new type of ad unit to monetize its hyperlocal user base and generate revenue from local businesses by guaranteeing footfalls. .

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Here are some juicy tidbits that were revealed in Apple’s Q3 FY12 earnings call by its CEO and CFO.

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Apple has posted its earnings for the third fiscal quarter of 2012, with quarterly revenue of $35 billion. It sold 26 million iPhones and 17 million iPads this quarter.

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AT&T has reported its earnings for the second quarter of 2012, with its total operating revenue growing marginally to $31.5 billion, and its net profit increasing 8.4% to almost $4 billion.

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Facebook has rolled out additional marketing tools for Pages on its platform. They include scheduled page posts, unpublished page posts and page admin permissions.

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VMware has acquired Nicira, a software defined networking startup which specializes in open source software for virtualized networking, for $1.26 billion.

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Apple will report Q3 FY12 earnings on July 24. While iPhone sales growth may have slowed down, iPad sales are supposed to drive revenue growth.

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Scott Thompson, the ex-CEO of Yahoo!, has been appointed the CEO of ShopRunner, a service which offers free shipping and returns across a network of retailers.

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Facebook will report its earnings for the second quarter of 2012 on July 26. This will be its first post-IPO earnings release.

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amazon

Amazon may be planning to launch more than five different variants of the Kindle Fire 2, all with different display sizes, including a 10 inch model.

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Nokia is apparently planning to enter partnerships with multiple European carriers for its upcoming Windows Phone 8 handsets.

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Beats Electronics has bought back nearly 25% of its total shares from HTC for around $150 million. It now owns 75% of the total shares, while HTC owns around 25%.

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Kodak lost a patent case against Apple and Research in Motion, as the presiding judge ruled that the patent in question, related to previewing images with a digital camera, was invalid.

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