Online sales rise in US

New data from Forrester Research and Shop.org has found that online retail in the US rose an average of 11% in the first three months of 2009, writes eMarketer. Of 80 firms surveyed 58% saw a year-on-year rise in quarterly online sales. Further research from Citi...

Profits up 24% at Amazon

First quarter results for Amazon beat expectations as revenues grew 18% to $4.89bn (£3.33bn), writes The BBC. Profits were up 24% to $177m (£121m) as sales for the firm’s new Kindle 2 e-book reader soared. US sales were up 21% during the quarter, with overseas...

Microsoft posts first ever quarterly decline

Revenues at Microsoft have been hit by the global economic slowdown as sales of PCs have fallen, writes Brand Republic. Revenues for the quarter ending March 31 were down 6% year-on-year reaching $13.65bn (£9.31bn). Revenues from the firm’s PC software division...

Apple posts record $1.21bn profit

Growing iPhone sales helped Apple generate revenues of $8.16bn (£5.61bn) in the three months to 28 March – up 9% from $7.96bn (£5.6bn) the previous year, writes Telecoms.com. Profits reached a record $1.21bn (£832m). Apple sold 3.79m iPhones during the period, a...

Facebook Chat goes live

Facebook has started the gradual roll-out in the UK of its previously announced instant messaging service Facebook Chat, writes Brand Republic. The service was first launched in the US at the start of the month. Facebook Chat is an internal IM service which lets users...

Revenues fall 13% at Yahoo!

Yahoo! has announced it is to cut 5% of its workforce following news that its revenues dropped 13% to $1.58bn in the first quarter of this year, writes Brand Republic. Year-on-year profits fell 78% to reach $118m (£81m) during the same period. The firm is continuing...

70% of European advertisers increase online ad budgets

The annual Internet Ad Barometer report from the European Interactive Advertisers Association (EIAA) has found that 70% of European advertisers intend to increase their online adspend during 2009. In addition, only 8% of firms are intending to cut their online budgets...

CNN ‘buys’ popular Twitter account

CNN has taken over the popular @cnnbrk Twitter account, gaining almost a million followers in the process, writes netimperative. The account, owned by London-based web developer James Cox, is one the largest on Twitter with more than 947,000 followers. Financial terms...

Quarterly sales jump 24% for eBay

eBay has raised its outlook for Q2 following a 24% year-on-year increase on Q1 results, writes ENN. The auction firm took $2.19bn (£1.10bn) during the first three months of the year, up $424m (£214) on the same period in 2007. Growth was mostly driven by eBay’s...

US online retail to grow 50% in the next five years

A new study by Forrester Research on behalf of Shop.org predicts that US online retail will grow 50% to reach $300bn (£151bn) by 2013, writes The Financial Times. The study showed that US online retail (excluding travel) was up 17% during 2007 to $175bn (£88bn)...

Facebook signs up 200m users

Facebook has added over 50m new users since January 2009, bringing its total membership to over 200m – nearly half of whom are in Europe, writes Brand Republic. Worldwide over 500,000 new users are joining the site every day. According to the figures more than...

UK newspaper industry’s own newspaper stops printing

When Wilmington, publishers of the iconic ‘Press Gazette’ announced today they were stopping printing it underscored the scale of shift to the web. Like so many business journals, there’s a website that continues more content tools planned, but the...

Bellwether report sees signs of confidence

The IPA’s latest Bellwether survey indicates that the rate of adspend budget cuts slowed in Q1 2009, writes Brand Republic. The IPA also found that the number of firms with positive outlooks grew from 5% to 14%. The IPA believes that the bottom of the market has...

Mobile web use higher in China than US

According to new research from Netpop Research, 56% of subscribers with web-enabled phones in China (102m people) use them to go online, writes ClickZ. In comparison only 31% of people in the US with web-enabled phones use them to connect to the web (18m users)....