Tech 2.0 for Tuesday, October 29, 2013
Apple is reporting a mixed bag of financial news. The tech giant's sales and profits beat Wall Street estimates for the fiscal fourth quarter, but shares fell as the company reported a dip in its profit margin. It fell to 37 percent in the fourth quarter, down three percent from the same quarter last year. Apple CEO Tim Cook has said the company cares only about selling products customers love. But experts say consumers are increasingly interested in a mix of older and less-expensive apple products, which weigh on the company's profit.
A pair of tweets sent by President Barack Obama's Twitter account re-directed users to pro-Bashar al-Assad YouTube videos Monday afternoon. One tweet about immigration reform was supposed to send followers to an article from The Washington Post. Instead, it linked to a video montage of terror attacks, starting with the attacks on 9/11. In a statement, the hacktivist group known as the Syrian Electronic Army took responsibility for the hack, claiming to have broken into the president's ShortSwitch account – which is a link-shortening service.
There will only be 26 shopping days between Thanksgiving and Christmas this year, which means that the rush to buy gifts will be more hectic than usual. This year, it's expected that Cyber Monday, which falls on December 2 may break new records. According to a new survey from Fatwallet.com, 48 percent of consumers plan to shop on Cyber Monday and spend more money. Last year, Cyber Monday was the biggest online shopping day in history. Consumers spent almost $1.5 billion in that day alone, which was up 17 percent from 2011.