Archive for April, 2012

Today in Tech: Kindle Fire owns 54% of Android tablet market

Saturday, April 28th, 2012

Fortune’s curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

* According to a new report from comScore, Amazon’s (AMZN) Kindle Fire now accounts for nearly 54% of all Android tablets in the U.S. Also: Amazon blew away estimates with its latest quarterly earnings: $13.2 billion in revenues and $130 million in net income. (Electronista and CNNMoney)

* Zynga (ZNGA) topped estimates with its latest earnings, too. The popular social gaming company announced sales of $329 million and a net loss of $85 million. Stock compensation costs aside however, Zynga also reported a profit of 6 cents per share. (CNNMoney)  (more…)

Top analyst: ‘Apple will decline’

Saturday, April 28th, 2012

The CEO of a top research firm didn’t mince words about Apple in a new blog post.

“Apple will decline in the post Steve Jobs era,” wrote George Colony, CEO of Forrester Research. “Here’s why.”

The iPhone and iPad maker will coast for two to four years on its current momentum, Colony said; but Jobs, who died in October, left a void because his successor, Apple CEO Tim Cook, doesn’t possess his star power.

“[W]ithout the arrival of a new charismatic leader it will move from being a great company to being a good company, with a commensurate step down in revenue growth and product innovation,” Colony wrote.   (more…)