Apple Earnings,  iWatch & large screens, Amazon Wallet, Electronic Arts earnings

Daily technology two-minute roundup on RTHK Three’s prime morning business and finance show Money For Nothing. 
audioicon1Apple reported its second straight quarter of double-digit percentage growth for iPhone sales. Chief Executive Tim Cook credited the strong sales to high demand from BRIC countries where he said “sales were unbelievable.”

Although revenue was up single digits – or nearly flat – in the Americas, Europe, Japan and the rest of Asia-Pacific, collectively iPhone sales in Brazil, Russia, India and China rose 55%.

Samsung has dominated the large screen mobile phone market but is about to get competition from Chinese smartphone maker, Xiaomi and Apple.

Xiaomi will release a new model featuring a 5-inch screen next week. Apple has reportedly asked suppliers to manufacture as many as 80 million units of two large-screen iPhones with 4.7-inch and 5.5-inch screen.

Xiaomi is also pushing international sales by entering markets including India, Brazil and Russia.

Amazon rolled out a digital wallet for smartphones called Amazon Wallet. The app allows people to store loyalty cards or gift cards to use at checkout and comes just days before the release of its Fire smartphone.

Reports say the move is an indication of the company’s ambition to turn its devices into mobile cash registers. The app will be preinstalled on Fire smartphones and can be dowloaded in Google’s Play store. No news yet on whether it will be available for iOS devices

Rumours that Apple will unveil its iWatch this fall took off as the company was granted a patent for a smartwatch.

The device has features available on other smartwathches,such as a touchscreen, a GPS receiver and vibration-based alerts. However it can works separately from the smartphone.

Reports show that users will be able to store music and videos on the actual smartwatch and listen through headphones directly plugged into the watch.

Electronic Arts reported solid profit growth in its first fiscal quarter.EA’s net income rose 51% year on year, while revenue jumped 28%. The Video Game maker has benefited from consumers buying new videogames for the latest generation of consoles.

The rise of mobile gaming, was seen as a concern as some analysts expected a drop in home console gaming. But that doesn’t seem to have been the case for Electronic Arts. Since the start of this year shares in Electronic Arts have increased in value by more than 65%.