Apple’s quarterly profit jumped 38 percent to a record high, thanks in large part to demand for its bigger-screen iPhones. Apple recorded net income of $18 billion for the quarter ending December 27, an increase of nearly $5 billion over the same period the previous year, while earnings per share rose 48 percent. The company launched its iPhone 6 and iPhone 6 Plus in September and sold 74.5 million units during the quarter, earning back market share it had slowly been losing to Samsung over three years. Continue reading Apple Sells Nearly 75 Million iPhones, Posts Record Quarter

Many of today’s top-tier smartphones can cost upwards of $650 (a price often hidden in a carrier plan), which hasn’t changed since Apple launched its first iPhone in 2007. Chinese startup OnePlus is aiming to change that. This month, the company will begin taking pre-orders for the One, a low-cost, high-end smartphone that runs a flexible version of Google’s Android called CyanogenMod. The $299 price tag is not part of a carrier plan, but the total cost, making the One about half the price of competing phones. Continue reading Chinese Startup OnePlus Unveils $299 High-End Smartphone

According to market researcher Canalys, Apple is maintaining a comfortable lead in the global PC market, despite a disappointing quarter for the iPad. In the worldwide market sector that includes tablets, laptops and desktops, Apple is the number one supplier, with Lenovo gaining ground. Apple sold about 20 million Macs and iPads in the first quarter. While the decline in iPads was the sharpest to date, Canalys believes Apple will continue to dominate the tablet market, due in large part to its robust ecosystem. Continue reading Apple Leads Global PC Market, Lenovo Holds the No. 2 Spot