Facebook made the biggest splash this week with their first earnings report, increasing profits and their number of users but reporting share falls during afterhours trading.
Despite posting impressive figures the world’s largest social media site continue to worry investors with their seeming inability to convert increased users into more revenue.
Elsewhere, after taking time out from their public slanging match, both Apple and Samsung released reports ahead of their date in court next week to a mixture of financial satisfaction and disappointment.
Apple continued their dominance revealing increased sales but while the figures surpassed company expectations with revenue reaching $35 billion, Wall Street analysts expected earnings of $37.2 billion per quarter.
Sales of iPads hit a whopping 17 million while their signature iPhone sold 26 million as the company prepare for new releases in October.
Samsung had reasons of their own to be cheerful with over 10 million sales of their Galaxy S III smartphone, a key driver in record net profits of over US$5.7 billion and their media mantle of the Mobile King.
The results did not prevent either company refraining from criticising the other however, with Apple questioning Samsung royalty rates who hit back with design infringement claims of their own.
Despite efforts to encourage an out of court settlement, both look set to meet before a judge with the trial scheduled to commence in a federal court on July 30 in San Jose, California.
It seems both Apple and Samsung are not alone in the unhelpful problem zone with social networker Twitter crashing for the third time in over a month on the eve of the London 2012 Olympics.
With a surge in traffic widely expected by emotional athletes, fans and celebrities, the site can ill-afford a repeat of its stalling on Friday morning NZT.
The spotlight will now focus just as much on athletes medals as Twitters ability to cope with a rush of tweets and activity during the two weeks of the Games.
News elsewhere sees the appointment of Patrick Devlin as the new ANZ boss for WatchGuard Technologies.
The business security solution vendor hopes to draw on Devlin’s experience in the industry to help manage the company’s market presence across Australasia.
AT&T made an appointment of their own on Friday, confirming Peter Thomson as general manager for New Zealand, in a move the networking giant hopes will drive sales opportunities across the region.
Keeping within the telecommunications industry and CallPlus revealed unlimited school internet access, dismissing past concerns over data caps and costs.
The move will see schools take full advantage of the learning benefits available through ultra-fast broadband and could set the example for fellow telecommunications agencies within the education sector.
IT distributor Westcon Group has expanded its relationship with one of the leading Application Delivery Networking F5 Networks, hoping to provide deeper security engagement and competency, enabling the F5 channel to better address worldwide market opportunities.
On the topic of market, we finish this week with news that more Kiwis are going using the internet every month with a surge in online shopping.
According to a recent study, New Zealanders are indulging online with almost two million Kiwis expected to spend $3.19 billion over the internet this year – emphasising online as the key source for consumers seeking information on what to buy.
London 2012 gets underway today so when you are not cheering on the Kiwis to gold make sure you keep a firm eye on a very nervous Twitter website.
The networker will no doubt be hoping for increased activity but at the same time not too much, given mud sticks – a phrase Apple and Samsung know all too well after yet another week of public point-scoring.
Thanks for reading, have a great weekend and see you next week.