Apple on Tuesday reported earnings for the third quarter of fiscal 2011. Shares of Apple Tuesday were trading at near-record levels as investors expected Apple to post its biggest June quarterly earnings ever, and the company didn’t disappoint. Wall Street was predicting revenue of $24.92b, a whopping 58% YoY increase, and Apple’s revenue for the June quarter came in at a mind-blowing $28.57b. Analysts predicted 16.5 million iPhones, 4.2 million Macs, and 7.8 million iPads with actual sales coming...

Facebook continues to be an overwhelmingly dominant force in the social space and according to Facebook stat tracker Socialbreaker, the massive social network is rapidly approaching 700,000,000 users worldwide. Emerging markets are showing the most growth by far, lead by Brazil, which grew by 11.4% in May of this year alone as it added nearly 2 million users. Indonesia added 1.5 million users, the Philippines added 1.3 million and Mexico and Argentina closed out the top-5, adding 1.1 million users each. The ...

According to new data from IHS iSuppli, Apple’s smartphone market share increased 14.9% during the first quarter of this year — more than any other phone maker. The Cupertino-based company had a 19.2% grip on the smartphone market and shipped 18.6 million units during the first quarter. Nokia, the global smartphone leader, shipped 24.2 million units during the quarter and maintained a 24.9% share of the smartphone market, down 14.5% sequentially. RIM outperformed the market and shipped 14.8 million sm...

In a press release on Friday, research firm Ovum stated that the smartphone market will double by 2016, led by devices running Google’s Android operating system. Ovum predicts that Android will drive smartphone growth moving forward, and that it will amass 38% of the global market by 2016. At that time, Apple will own 17.5% of the smartphone market and BlackBerry maker RIM will hold a 16.5% market share. Despite Nokia’s current seat at the top of the cell phone market, Ovum sees the Finnish giant ...