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| Apple will be planting a stake in Twitter Posted: 28 Jul 2012 01:59 AM PDT Citing an anonymous sourcewho called the plan must know, the U.S.newspaper says that Apple is considering investinghundreds of millions of dollars inTwitter that Twittercould improve stock valuation of 8.4 billion dollars to morethan 10 billion U.S. dollars. Manufacturers of computers and smart phones Apple has been negotiating with the company's social mediaTwitter about the possibility of making a big investment step in it, reports the New YorkTimes said. Contract between the executives of both companies made in the negotiations which are not official, so there's no guarantee the two sideswill reach an agreement, reports the New York Times. Apple has included a number of features of Twitterto its software onsome phones, andtablet computers, reports the Times. Meanwhile, Twitter has set up its resources to bring its relationship with Apple. According to eMarketer, this year the U.S.smart phone market niche dominated Appelis expected to rise 1 percent to 31 percent, while the mobile phone market shareAndorid software made by Google is estimated to reach41 percent. Last Tuesday, the company reportedsecond-quarter profit increase to 8.8 billion U.S.dollars of sales a boost thanks to the iPad, but this figure is belowWall Street predictions, thus driving down stock prices. Second-quarter profit to rise 20.5 percentthis June compared to same period last year and reachedU.S. $ 9.32 pershare, well below previous estimates at10.36 dollars pershare. Revenue rose 22.5percent to 35 billion U.S. dollars, also belowprevious expectations at 37 billion U.S.dollars. One recent survey found the fact that oneof every sevenAmericans online by using Twitter and eight activeon Twitter every day. Twitter claims to have more than 140million active usersare the largestin the United States. |
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