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Tech`s news

By Soham Chatterjee (Reuters) - Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have sold even more iPhone 6 and iPhone 6 Plus models if supplies had been available. Analysts had estimated first-weekend sales of up to 10 million iPhones, after Apple booked record pre-orders of 4 million on Sept. 12, the day pre-orders opened. Apple's shares were little changed at $100.98 in afternoon trading on the Nasdaq on Monday. ... more...


(Reuters) - Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft Corp last year. It is expected to help marketers target Facebook users more effectively by measuring which users have seen, interacted or acted upon ads that appear on Facebook's services and on third-party websites and apps. ... more...


By Noel Randewich SAN JOSE Calif. (Reuters) - ARM Holdings Chief Executive Officer Simon Segars on Monday defended the British chip designer's smartphone graphics technology connected to a patent suit by Nvidia Corp against Samsung Electronics and Qualcomm. This month, Nvidia said it was suing rival Qualcomm and Samsung Electronics, accusing both companies of infringing its property patents on graphics chip technology. Nvidia said Samsung devices made with graphics technology from ARM, Qualcomm and Imagination Technologies illegally use its intellectual property, or IP. "We stand behind our ... more...


By Elzio Barreto HONG KONG (Reuters) - Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares. The fees are equivalent to 1.2 percent of the total deal, with Alibaba paying $121.8 million in commissions. Selling shareholders are set to pay another $178.6 million, according to a filing with the U.S. Securities and Exchange Commission on Monday. Overwhelming demand saw the IPO initially raise $21. ... more...


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