Cisco has revealed its third quarter earnings, bagging a revenue of $11.6 billion, and a net income of $2.2 billion. Q3 revenue was up 7 per cent year-on-year, and net income up 20 per cent on the same period in 2011. Non-GAAP net income was $2.6 billion, or $0.48 per share, and Cisco chairman and CEO John Chambers called the results solid.
At the beginning of the year, concerning reports about the appalling working conditions in China's Foxconn factories surfaced to be met with worldwide outrage. Now both companies, Apple and the Foxconn Technology Group, need to take steps to mend their bruised public image. Foxconn had to reduce working hours in the factories, raise wages and hire thousands of new workers to meet the supply demands.
Microsoft has announced that starting with July 1st the company will reduce its carbon emissions and will make investments in renewable energy. The software maker plans to reduce pollution throughout the production process, whilst setting an internal tax for those operations which cannot be made environmentaly friendly.
A couple of days ago, Apple decided to do a little in-house cleaning with its browser - by releasing a new version of its Safari, with the intended purpose to patch four security vulnerabilities. Also, Apple blocked out of date versions of Flash Player "that do not include the latest security updates" from running on Safari. This decision is similar to last month's move to stop a Java plug-in to run automatically.
While Sony was launching its HX8 televisions in the UK, the company also revealed that it would be bringing the BBC's live Olympic coverage to Bravia TVs and PS3s, and also to some Blu-ray players. The coverage, consisting of 24 HD channels of live streamed events from the Games, will be available as a TiVo app this summer. It will also benefit from on-demand viewing options, too.