Today in Tech: Can Netflix save itself?

April 25, 2012: 3:30 AM ET

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

* Apple (AAPL) bested many analyst predictions with quarterly profits of $11.6 billion on sales of $39.2 billion. That represents a 95% spike in profits compared with the same time a year before. Much of the increase had to do with stronger-than-expected iPhone sales of 35.1 million units.(CNNMoney)

Google finally launched the oft-talked about file-syncing service, Google Drive.

* Google (GOOG) finally launched its own file-sharing service, Google Drive, which operates similarly to Dropbox. Google Drive users will get up to five gigabytes of free storage for videos, photos, etc., and an additional 100 GB for $4.99 a month. (In comparison, Dropbox charges $19.99 a month for the same amount of storage.) (Fortune)

* Facebook's IPO could be delayed due to what CNBC calls "a string of acquisitions and other business distractions." Mark Zuckerberg's focus on other areas could mean the start of trading may be pushed off until as late as end of May. (CNBC)

* Our review of Barnes and Noble's (BKS) new Nook with GlowLight. (Fortune)

* Once seemingly unbeatable, Netflix (NFLX) has fallen on hard times, with weak subscriber growth predicted for the coming months and poor reviews of its first original series, Lilyhammer. Is the company doomed? (The New Yorker)

* The asteroid-mining venture Planetary Resources Inc., backed by director James Cameron, Google (GOOG) CEO Larry Page and Chairman Eric Schmidt, outlined its plan to send robotic spacecraft into space and mine asteroids for natural resources. (The Wall Street Journal)

* Why tablets will become most people's primary computing device. (Forrester/Frank Gillett)

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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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