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Google is set to launch a digital book store to rival Amazon and Barnes and Noble. Google’s online store will open up next year with approximately 500,000 for sale. Google will split revenue with publishers, giving the publishers 63% when selling content to consumers, with 45% going to publishers when sold via a retail affiliate.
Apple will now allow iPhone application developers the ability to sell items through the app. Apple will take 30% of the sales from purchases made through the In App Purchase service. Apple hopes its service will become the premier mobile payment software, developing a potentially fruitful market.
Acer has surpassed Dell as the second provider of computers in the world. Acer, a Taiwanese company, is beating out American companies like Apple and Dell in the global market, accounting for 14% of global PC sales during the quarter, while Hewlett-Packar remains number one. Acer benefited from a positive quarter during which sales were up 48.3%. While Acer is doing well internationally, Dell, still owns 25% of the US market.
IBM’s profit increased 14% during the third quarter. International Business Machines earned $3.2 billion during the quarter, despite revenue falling 7% year over year. Overall, the technology giant was pleased, with President and CIO Keither Wirtz noting ““We expected them to exceed expectations on both numbers.”
Google’s revenue was up 7% during the quarter, with the search giant earning $5.94 billion. Google also showed growth in quarter over quarter revenue, with CEO Eric Schmidt reiterating that “the worst of the recession is behind us.” Wall Street responded well to Google’s report and announcements that the company would continue to acquire businesses, with shares shooting up 3.3% to $547.30.