Apple beats estimates a second time at $39.2 billion in revenue

Apple announced its second quarter earnings Tuesday at $39.2 billion in revenue, beating analyst estimates of $36.8 billion in revenue.

The company raked in $11.6 billion in net income. Year over year, Apple’s net profit increased 94 percent. Last quarter, …

Terascala raises $14M for “fast data” storage

Boston-based cloud data storage company Terascala has raised $14 million in second-round funding for its parallel storage appliances.

Terascala’s main product, called Terascala Integrated Storage Information System (TISIS), helps businesses process and store huge amounts of data more effectively using …

Real online gambling and social network casino games are on a collision course

One of the biggest stories in tech and gaming this year is the coming collision of real online gambling and social-networking casino games.

The enthusiasm for the intersection of social games and online gambling was obvious at the Global iGaming …

Facebook IPO may be delayed due to Instagram buy, other distractions

Facebook’s hotly anticipated initial public offerings might be delayed due some of the company’s recent high dollar purchases, unnamed sources familiar with the matter tell CNBC.

Rumors have been circulating that Facebook management had targeted the IPO for May, with …

60% of American parents secretly access their teens’ Facebook profiles

Teens, get ready to slam your bedroom doors and start pouting, because new research suggests that it’s common practice for your parents to spy on you by secretly accessing your Facebook account.

In the U.S., 60 percent of parents access …

Update your software! New Mac Flashback Trojan uses same vulnerability

Stop being lazy and run Software Update already, Mac users. Antivirus company Intego has identified a new form of the Flashback Trojan that is infecting Apple computers through the same Java vulnerability because you’re too “busy” to update your software.…

Former Google CEO: We knew Sun wanted money for Android

Emails from Android’s earliest days showed Google and Sun at a breaking point in their negotiations over Google’s use of the Java programming languag.

Eric Schmidt, formerly Google’s CEO, gave testimony today in his company’s ongoing lawsuit with Oracle over …

The rise of the unconference

Which tech conference would you rather go to – one where the vendor maintains rigid control over the agenda and speakers (with no input from you) and you shut up and listen while they do all the talking, or one …

Google Drive launches: It won’t spark a cloud storage revolution, but it’s a start

After a staggering amount of leaks, Google has finally announced its Drive cloud storage solution that will take on a crowded field of startups and major firms dedicated to solving the same problem.

Google Drive will compete against Dropbox, Box, …

Eric Schmidt denies Google needed anyone’s permission to use Java in Android

Former Google CEO Eric Schmidt (pictured) gave testimony today to try to save Android from Oracle’s clutches — and from extinction via stiff per-device licensing fees.

In Oracle’s ongoing lawsuit with Google over Android, Oracle’s attorneys today displayed a slew …

Onavo Extend’s data compression comes to 4G LTE iPad, CDMA iPhone 4S

Onavo is opening up its data compression app, Onavo Extend, to even more iOS users today. The company announced this morning that the app is now available for the new LTE iPad and the iPhone 4S on CDMA networks like …

Oh baby, Citrus Lane bags $5.1M to send care packages to new moms

Betting that new mommies will want to supply baby with the best toys, outfits, snacks, and goodies vetted by other mommies, investors have handed startup Citrus Lane a bundle of a joy in the form of $5.1 million in fresh …

Google now selling unlocked Galaxy Nexus HSPA+ phone for $399

After Google’s failed attempt to sell the Nexus One smartphone a few years back, the search giant is attempting to sell hardware once more with an unlocked Galaxy Nexus compatible with HSPA+ networks, which is now available in the Google …

Google Drive details leak: 5GB free storage, 99.99% uptime promised (updated)

Update: Google has officially announced Google Drive. Original story below.

Google has leaked more details on its Google Drive cloud storage product, with a post describing the service accidentally posting early on its French blog.

The French blog post, …

Rubin’s last stand: Android founder testifies again to save Android from Oracle

Android is on trial today in San Francisco, and its founder, Googler Andy Rubin, is stepping into the witness stand to save it from a slow death by patent litigation.

The crux of Rubin’s testimony today revolved around the greatest …

How a 5-year-old blog post might turn the tide in Oracle v. Google Android case

A blog post written by former Sun CEO Jonathan Schwartz (pictured) has come into play in a tense courtroom this morning.

In Oracle’s ongoing lawsuit against Google, Judge William Alsup has allowed Google to use as evidence a particularly telling …

Near-complete Windows 8 build coming in June, no word on release date

Microsoft will offer a “release preview” version of its highly anticipated new operating system Windows 8 in early June, according to Windows unit President Steven Sinofsky, who spoke at a company event in Japan today.

Windows 8 is part of …

Google Docs storage bumped from 1GB to 5GB before Drive launch

Just as we found out yesterday that much-anticipated Google Drive might replace Google Docs, the search giant has increased Google Docs storage to 5GB from 1GB, indicating an imminent Drive launch with answers to all our questions.

Drive has been …