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Apple's holiday surprise: big sales, not so big profits

Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.

Recent Technology News

Vodafone UK fined a record 4.6 million pounds for failing customers

LONDON Britain has fined Vodafone a record 4.6 million pounds ($5.60 million) for "serious and sustained" customer failures, including not updating accounts when mobile phone users topped up their credit to make calls.

6:03am EDT

China issues roadmap for rapid development of self-driving cars

SHANGHAI China has issued a long-term roadmap with the aim of having highly or fully autonomous vehicles on sale in the world's biggest auto market by as early as 2021, an official body said on Wednesday.

3:54am EDT

Nintendo cuts profit forecast as strong yen overwhelms Pokemon

OSAKA, Japan Japanese videogames maker Nintendo Co cut its annual profit outlook by a third on Wednesday as a strong yen erodes income earned overseas and overwhelms an earnings bounce from its surprise hit smartphone game Pokemon GO.

7:15am EDT

Dubai billionaire Alabbar plans messaging app for Middle East

DUBAI Billionaire Mohamed Alabbar, one of Dubai's most prominent businessmen, plans a phone messaging service for the Middle East that aims to compete with services such as WhatsApp.

6:46am EDT

Ericsson picks board veteran Ekholm to engineer turnaround

STOCKHOLM Ericsson picked Borje Ekholm, a Swedish business insider and veteran board member, to steer the telecoms gear maker through its worst crisis in a decade.

6:17am EDT