July 6, 2012, 1:50 PM

Top News

Amazon Said To Plan Smartphone To Vie With Apple  — Inc. (AMZN) is developing a smartphone that would vie with Apple Inc. (AAPL)'s iPhone and handheld devices that run Google Inc. (GOOG)'s Android operating system, two people with knowledge of the matter said.
Ina Fried / AllThingsD:
What Amazon Brings to the Smartphone Market  —  The notion that Amazon might do a smartphone is not new, though a new Bloomberg report suggests that one might hit the market sooner rather than later.  —  And, while clearly a novice at making phones, Amazon brings a lot of know-how and relevant skills …
Ina Fried / AllThingsD:
Apple Says It Has Fixed Server Bug That Led to Crashing Apps  —  Apple said late Thursday that it has resolved a glitch that was causing some apps downloaded from its online store to crash upon launch.  —  “We had a temporary issue that began yesterday with a server that generated DRM code …
Federico Viticci / MacStories:
Apple Removes Negative Reviews From Apps Affected By DRM Bug [Updated]  —  Earlier this week, an error in Apple's DRM code generation for App Store apps caused a number of app updates to crash on launch.  The issue, initially reported by Instapaper developer Marco Arment …
Kara Swisher / AllThingsD:
Exclusive: Yahoo and Facebook Strike Patent Peace Deal, Significantly Expanding Ad and Content Partnership  —  Executives at Yahoo and Facebook have completed an extensive strategic deal, as part of a final settlement of their contentious patent infringement lawsuit and countersuit.
Bill Rigby / Reuters:
Microsoft stumbles into crucial financial year  —  (Reuters) - An ugly first week for Microsoft Corp's new financial year, probably its most important to date, has done little to inspire confidence that the software giant can jumpstart a stubbornly stagnant share price.
More: TechEyeTweets: @ldignan
Brian X. Chen / New York Times:
At ‘Hacker Hostels,’ Living on the Cheap and Dreaming of Digital Glory  —  SAN FRANCISCO — From the outside it's just a beige three-story building in a quiet residential neighborhood.  But inside, in a third-floor apartment, there are enough Ikea bunk beds to sleep 10 people, crammed into two bedrooms.
Slash Lane / AppleInsider:
Apple's next iPhone rumored to feature quad-core processor  —  Apple's next-generation iPhone will be powered by a quad-core ARM processor based on Samsung's Exynos 4 architecture, according to a new report.  —  The claim comes from the sometimes-reliable DigiTimes, which cited …
Nilay Patel / The Verge:
Five years after the iPhone, carriers are the biggest threat to innovation  —  Five years ago, the iPhone revolutionized the mobile business and kicked off a seismic shift in the technology industry that continues today.  But the massive success of Apple's phone has overshadowed the grim reality …
Kirsty Johnston /
Kim Dotcom Can See One File Of 22 Million Says FBI  —  A 40-page document “cherry-picked” from nearly 22 million emails is the only information the FBI believes should be made available to Kim Dotcom before his extradition hearing.  —  Lawyers spent yesterday arguing over what the internet mogul …
Lucy Tobin / Evening Standard:
British Airways flies into privacy storm over Google identity checks on passengers  —  British Airways today faced a backlash from privacy campaigners after it revealed plans to use the internet to create “dossiers” on passengers.  —  The airline said it wanted to be able to deliver a more personal touch by researching passengers.
Miyoung Kim / Reuters:
Samsung's Galaxy powers record $5.9 billion profit  —  (Reuters) - Soaraway sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances.
Julie Bort / Business Insider:
Just By Itself, HP Increased Tech Industry Layoffs Tenfold This Year  —  Layoffs in the tech industry are 10 times higher so far this year than they were for the same period in 2011—and it's all thanks to the hard cuts CEO Meg Whitman has put in place at Hewlett-Packard.
Jamillah Knowles / The Next Web:
Facebook App Center officially rolling out across the UK  —  This morning if you logged into your Facebook account in the UK, it's likely that you will have noticed a persistent little pop-up notification alerting you to the arrival of the App Center.  —  We certainly knew that this was coming …
Mat Smith / Engadget:
HTC reveals Q2 2012 financial results: 57.8 percent net profit drop blamed on customs issues and weak sales  —  HTC has reported a substantial drop in its quarterly profits, with unaudited results for Q2 2012 totaling T$7.4 billion ($250 million), down from T$17.52 billion this time last year.
Supply of Apple's 27" iMac drying up as Ivy Bridge upgrade awaits  —  With the last iMac update having arrived more than a year ago, third-party resellers are now starting to see limited availability of Apple's big-screen 27-inch desktop Mac.  —  As of Wednesday, AppleInsider noticed stock-outs …

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