Record iTunes billings and iPhone sales helped Apple post fiscal third-quarter revenues of $35.3 billion, up slightly from $35 billion in the year-ago quarter. Net profits fell to $6.9 billion from $8.8 billion in the year-earlier period.
Analysts continue to express concerns about Google's efforts to migrate its desktop advertising business to the mobile platform after the digital services giant posted discouraging cost-per-click results during the second quarter of 2013.
Almost 30 percent of new eBay users added in the second quarter of 2013 signed up via mobile device, the digital marketplace said Wednesday.
Yahoo now welcomes 340 million mobile users each month, increasing from 300 million in April and 200 million at the close of 2012, CEO Marissa Mayer revealed during the company's second quarter earnings call Tuesday.
Electronic Arts' mobile games and services, including handhelds, generated approximately $100 million in revenue during its third fiscal quarter ending Dec. 31, an 18 percent year-over-year increase that helped the firm offset ongoing declines in its console business.
A new GigaOM Pro study reveals that over half of app developers make under $500 a month from their paid apps. And for those that develop free ad-funded apps, the picture is even grimmer. According to the study, those developers make less than $100 a month in ad revenue.
Barnes & Noble reported fiscal first quarter 2013 revenues of $1.45 billion, up 2.5 percent year-over-year, thanks in part to increased sales of e-books, applications and related digital content optimized for its Nook tablet and e-reader platform.
Gameloft posted record second quarter revenues of $62 million, crediting the surge to the continued growth of its mobile gaming efforts.
Facebook reported net losses of $157 million in the quarter ending June 30, its first quarter as a public company, but vowed to right the ship with the introduction of new and improved mobile social networking experiences.
Zynga blamed its second quarter net losses of $22.8 million on recent changes made by social network Facebook as well as diminishing mobile traffic for high-profile acquisition Draw Something.