Today in Tech: Apple's blowout quarter

January 25, 2012: 11:37 AM ET

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"We should support everyone who's willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs." -- Barack Obama during his State of the Union address (TechCrunch)

* Apple (AAPL) surprised everyone by reporting huge numbers for its latest quarter. iPhone sales spiked 128%, iPad sales jumped 111%, and Mac sales climbed almost 26%, helping boost overall revenues to nearly $46 billion, a 73% jump over the previous quarter. (Fortune)

* Meanwhile, Yahoo (YHOO) announced earnings that lined up with analyst expectations. The Internet company reported a decline in revenues of 3%, to nearly $1.2 billion and a drop in net income of 5%, to $296 million. "The work is ongoing," CEO Scott Thompson explained during the earnings conference call. "I believe there is big potential at Yahoo, much bigger than the outside world envisions today." (The New York Times)

* Google (GOOG) announced that it plans to follow the behavior of users across many of its sites, like YouTube, Gmail and Google search. While the company had previously been collecting some user data, this marks the first time the company will use the data from various services to assemble a more, cohesive and complete profile of the user. Users themselves won't be able to opt out of this data collection process, which begins March 1. (The Washington Post)

* How the recent shut down of popular file-storage company Megaupload could have a chilling effect on the growing online storage industry as a whole. (The Wall Street Journal)

* IGN reports that the Xbox 360's successor, what people are calling the Xbox 720, will hit shelves in late October or early November of 2013 with six times the horsepower. (IGN)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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