10 Things You Need To Know This Morning

tim cook smiling

Good morning!

  • Apple reported solid earnings, slightly beating expectations on the top and bottom line thanks to better than expected sales of 31 million iPhones. 
  • Apple’s revenue only grew by 1%, and its EPS was down 20% for the quarter.
  • Facebook has delayed the launch of its video ad units, according to sources.
  • Ashton Kutcher is close to a $10 million deal to start doing ads for Lenovo.
  • Walt Mossberg trashed Acer’s 8-inch tablet, the W3, which is supposed to compete with the iPad Mini. He says, “Compared with the smallest iPad, the Acer features cheaper, bulkier construction; a worse-looking, slower-responding screen; significantly less battery life; and drastically worse cameras.”
  • Twitter is likely to file for an IPO at the end of this year.
  • Here’s a high quality video that shows the casing of the unreleased lower-cost iPhone.
  • You can pre-order Google’s new Nexus 7 tablet for $230 at Best Buy.
  • China may have as many iPhones as the U.S.
  • Former Android leader Andy Rubin is looking for someone to make fancy looking lattes in Los Altos, California.

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