Newsreel [Nov 8] Analyst calls BlackBerry10 dead on arrival, shares tumble
DC Comics has announced its next big digital plans. The company will sell monthly comics in Kindle Store, iBookstore and the Nook Book Store. Digital comic sales are up 197 percent year-over-year for DC. Even though digital sales are growing, Hank Kanalz DC’s senior VP of digital (a former comics writer himself) said DC’s writers and artists are still focused on print: “I still think print rules the roost as far as storytelling goes.”Read more here.
Ericsson to Cut 1,550 Jobs in Sweden as Carriers Spend Less: The world’s largest maker of mobile-phone networks, said it will eliminate 1,550 positions in Sweden, two weeks after reporting a slump in profit as wireless carriers curbed spending. The cuts, amounting to 8.7 percent of its Swedish workforce, are across the board, with the majority of the reductions at the networks division, the Stockholm-based company said today. About 1,000 of the positions slated to go are based in the Swedish capital, it said. Read more here.
Apple Drops 20 Percent to a five month low: Apple Inc has tumbled 20 percent since reaching an intraday high on Sept. 21, entering what’s known as a bear market as the company faces accelerating competition and struggles to make enough iPhones to meet demand, reports Bloomberg. Apple fell 3.8 percent to $558 at the close in New York, after accounting for a dividend payout of $2.65 a share. The stock peaked at an intraday high of $705.07 on Sept. 21. Read more here.
BlackBerry 10 Phones Will Be ‘DOA,’ Analyst Says: Canadian Phonemaker Research in Motion’s latest operating system is already being dismissed as dead on arrival. On Thursday, the company’s shares fell moEst after an analyst called the BB10, DOA (dead on arrival.) Read more here. The company promptly dismissed the comment.
Google doodles ‘Dracula’ author’s 165th birthday: November 8, 2012 is the 165th birth anniversary of Bram Stoker (Abraham Stoker) and Google has posted a doodle inspired by the Irish author’s most famous work – ‘Dracula’. The lettering of the word Google on the Bram Stoker books doodle is inspired by the cover of the first edition of ‘Dracula’ published in 1897. More here.
Facebook Didn’t Decrease Page Feed Reach To Sell More Promoted Posts, reports Techcrunch. People have been screaming bloody murder, claiming Facebook purposefully reduced how many users see Page posts in the news feed to get Pages to pay to reach their fans. But that’s just not true, and I have the data to prove it, plus Facebook on the record saying the rumor is false, Josh Constine writes. More here.