Thursday, September 1, 2011

Apple proves Wall Street wrong as iPad2 boost profits

Shares in the Californian company briefly touched $400 (£248) for the first time after Apple reported that profits for the last quarter more than doubled to $7.31bn. Revenues soared more than 80pc to $28.6bn.

Apple’s highest quarterly profits follow a first half in which its shares endured their worst performance in three years. Some analysts were concerned that the decision to delay the release of the new version of the iPhone until September would encourage an emboldened Google to grab more share of the lucrative smartphone market. iPhone sales reached 20.3m in the three months to the end of June, more than double what Apple sold in the same quarter last year and comfortably ahead of Wall Street’s expectations. iPad sales more than doubled to 9.25m, though the 3.95m Mac computers sold trailed some forecasts.

“Apple continues to execute on all fronts, futher distancing itself from industry peers,” said Bill Kreher, an analyst at Edward Jones. “First and foremost, the runaway success of the iPad shows it can create demand from scratch.”

After sinking to a low for the year on June 20, Apple’s shares have increased more than 20pc as the anxieties some held earlier in the year ease.

However, some analysts warned that Tuesday’s report showed that surging iPad sales may be eroding those of the Mac. Tim Cook, who is standing in as Apple chief executive while Steve Jobs is on medical leave, admitted that “we do believe some customers chose to purchase an iPad instead of a Mac during the quarter. But we believe even more customers chose to purchase an iPad over a Windows PC.”

Apple’s board declined to comment on a report last night that some of its board members have discussed a possible successor to Mr Jobs with recruiters and the chief of one technology company. Mr Jobs, Apple’s co-founder, has been on medical leave since January, though he has said he hopes to return to the company. Mr Jobs said the report was “hogwash.”

The company’s run of success over the last five years has left it with $76bn in cash, and analysts said that Apple should consider either paying a dividend or buying back shares.

“It’s an unoptimised use of the balance sheet,” said Brian Marshall, an analyst at Gleacher & Co.

View the original article here

Wednesday, August 31, 2011

Jerry King’s Mac411: Easy steps to learn a first iPad

Two months ago I switched from a ‘droid to an iPhone. I’m about to buy an iPad2 for my business. Do you have guidance on how to best prepare to use the iPad?

— SW


Getting started

Congratulations on your decision. The iPad2, with iOS 4.3 software, is a significant improvement over the original iPad. A new operating system, iOS 5 with more improvements, is due to be released this fall; you can update to the newer iOS then. Prior iPhone experience means you know some of the operational elements of the iPad.

I will cover a few items that may be new to you. Two references are:

iPad 2 User Guide (for iOS 4.3). Download a free PDF file from

“Tutor for iPad” Download a $4 video application — the common term now is app — from the iTunes app store. The app may be most useful.

Buttons and connector

The only connector is on the bottom of the iPad. The iPad comes with a cable and power-charging device. Connect the cable to the iPad and the other end to a USB port on your computer. Start iTunes. Your iPad will appear in the sidebar so you can synchronize to the music, videos, books, and Apps stored in your computer. Most USB ports are not powerful enough to charge the iPad; use the charging device. Apple stopped selling MobileMe accounts in June; you can only sync the iPad and iPhone to iTunes with the cable until iCloud is released this fall.

On the top, at the right side is the Sleep, Wake, and Power-on/ off button. Tap this button to control the sleep or wake status. Hold the button down to start the power-off sequence. Don’t power off unless you don’t expect to use the iPad for several days; you want instant gratification from your iPad.

The button at the bottom front is the Home button. This is the primary button to manage use of the iPad.


iPad’s Apps are displayed on screens that you move between by flicking. A screen can display up to 20 apps (or folders of apps). In addition, there is a dock just above the home button that can display up to six apps. Which screen is displaying is indicated by a lighted dot just above the dock. The leftmost screen is for searching, the next is the Home screen, and the others display apps or folders you have placed there.

I prefer managing app assignments to screens from within iTunes but pressing on an app until all the apps begin jiggling can move apps. Use your finger to slide the app across a screen edge to move to the adjacent screen. Press the Home button to stop the jiggling. It can be more efficient to have only five apps in the Dock. Drag the app you want to move into the sixth position, swipe to the destination screen and drag it onto the screen.


Many apps (e.g. newspapers) have similar functions. Drag one on top of another and the icon becomes a folder you can name; add more apps by dragging. Tap a folder and it expands to show the included apps; start the desired app by tapping.

Home button use

A single push on the Home button while an app is running brings up the screen that the app was launched from. A follow-up push moves to the Home screen.

A quick double push on the Home button from within an app changes the Dock to display all running apps (except the one that was active). Tap one of these to switch to that being the active app. This is multi-tasking in iOS 4.3.

A quick double push on the Home button when viewing a screen changes the Dock to display all running apps. Tap an app to make it active. You have two additional options at this point:

n Swipe the dock to the right to bring up five control features. The left one is Orientation Lock to disable the rotation sensors. Next is Display Brightness Control followed by controls for audio or video. The fourth control is Sound Volume and the far right control icon transfers to the iPod app.

n Press on an app showing in the dock and it will eventually start the jiggling with a minus symbol at top left. Tap a minus to stop the app from running. Some apps use more battery power; quit them regularly to extend use of the iPad between charging actions.

Battery life

Apple recommends that the battery for mobile devices (iDevices and laptops) be fully discharged monthly. This periodic depletion / recharging extends the life of the lithium battery.

Do you have a question about using your Mac? Send your question to Jerry: AskJWK@Gmail.COM. An index of prior Mac 411 articles is available (

Jerry King is President of the Naples MacFriends User Group (NMUG), founded to help Macintosh users get the most out of their computers. NMUG is open to area residents and seasonal visitors. For membership information visit:

View the original article here

Tuesday, August 30, 2011 Celebrates Rapid Growth as Leading Payments Industry News Portal with iPad2 Giveaway

Mercator Advisory Group holds iPad Touch2 give away to celebrate success of rapidly growing payments and banking industry portal

Boston, MA (PRWEB) July 18, 2011

Since the March launch of, thousands of high-level, decision making executives have made the web portal their leading source for industry news, research, opinions, corporate information, and thought leadership. is the only free, analyst-driven source for payment and bank channel professionals, delivering timely and valuable information.

What differentiates from other banking/payments sites is that our content is selected by Mercator Advisory Group's team of top analysts who regularly consult with and for industry thought and technology leaders. Based in Boston, Massachusetts, Mercator Advisory Group is the premier independent research and advisory services firm exclusively focused on the payments and banking industries. We're sure you'll agree that Mercator's independence, depth, and focus is reflected in

"We are extremely pleased with the positive feedback from executive level contacts reading It confirms that our content resonates with the in-demand audience that controls decision making in the payments and banking spaces," Mercator Advisory Group CEO Robert Misasi states. "This is real validation that the synergy of exclusive readership, critical content, and a free content-hub approach is what drives the right kind of traffic." offers a wealth of premium content including:

Because is read by highly qualified professionals, the site is ideal for optimized B2B marketing. clients are taking advantage of early advertising and sponsorship opportunities to meet their goals of building brand awareness, increasing engagement, landing new leads and driving strategic sales.

Learn more about sponsorship opportunities by contacting Alison Aller at

Apple iPad Giveaway" Sweepstakes Rules

1. Eligibility:

The PaymentsJournal Apple iPad Giveaway Sweepstakes (the "Sweepstakes") is open only to legal residents of the fifty (50) United States and the District of Columbia over the age of 18 with access to the Internet at all times during the Sweepstakes and subsequent prize-award period. The Sweepstakes is open to all PaymentsJournal website users, except for Mercator Advisory Group employees and their relatives, and anyone professionally connected with the prize offered in this competition. Mercator Advisory Group reserves the right to verify the eligibility of all entrants. All applicable federal, state and local laws and regulations apply. Void where prohibited or restricted by law. Entry in the Sweepstakes constitutes your full and unconditional acceptance of these Official Rules. NO PURCHASE NECESSARY.

2. Sweepstakes Period:

The Sweepstakes entry period begins at 6:01 p.m. ET on June 22, 2011 and ends at 5:00 p.m. ET on August 10, 2011 (the "Sweepstakes Period"). Winners will be selected from entries properly submitted and timely received during the Sweepstakes Period.

"Apple is not a participant in or sponsor of this promotion."

*** Read Complete Rules????


Launched in March 2011, is a comprehensive online information portal designed to keep payments and banking industry professionals updated through daily delivery of the latest news, views, and developments that matter most. is published by the Mercator Advisory Group, an independent research and advisory services firm exclusively focused on payments and banking, and is an excellent resource for anyone with a stake or interest in those industries.

About Mercator Advisory Group

Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal


Brent Watters
Email Information

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Carphone Warehouse keeps taking the tablets as iPad2 sales keep it healthy

{"s" : "AAPL,BUY.DU,^REURTRUSD","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Harry Wallop, 17:49, Wednesday 27 July 2011

The phenomenal success of tablet computers, such as Apple (NasdaqGS: AAPL - news) 's iPad, has helped Carphone Warehouse shake off a sluggish consumer market in Europe (Chicago Options: ^REURTRUSD - news) and America.

The retailer reported a mixed set of first-quarter trading figures, but said it had tripled sales of tablet devices in the last few months thanks to the launch of the second-generation Apple device and rival gadgets such as the BlackBerry Playbook and the HTC Flyer.

Roger Taylor, the retailer's chief executive said the gadgets had attracted consumers but so too had the "imaginative price points" of the "tethered" versions of the tablets, which contain a SIM card, allowing consumers to surf the internet on the go even if they are outside of a Wi-Fi area. These "tethered" versions generate higher profit margins for Carphone.

But Mr Taylor warned that however exciting the sales of tablets were the company was still only selling thousands a month, rather than tens of thousands or hundreds of thousands.

Tablet sales helped offset weak sales of mobile phones in Europe. The company reported a fall in like-for-like sales of 3.3pc, though it said that a large part of this fall was down to consumers in the UK moving from 18-month to 24-month contracts.

Some consumer campaigners have argued that this switch is unfair on customers, trapping them into overly long expensive contracts. Though the trend is beneficial to mobile phone operators, it has meant that fewer customers have visited Carphone stores to upgrade their phones and buy additional services. Mr Taylor estimated that between 70,000 and 100,000 fewer customers renewed their contracts in the first quarter of the year because of the switch.

Stripping out this factor and the fact that a year ago Apple launched its iPhone 4, like-for-likes sales would have increased by about 2pc, Mr Taylor said.

He added that the best performance had come from Spain and The Netherlands, while Germany and Britain were lacklustre.

Carphone Warehouse said its European operation suffered a 5.5pc drop in connections.

The company did not give an update on Best Buy UK, its joint-venture with the American retailer Best Buy (Dusseldorf: BUY.DU - news) which has attempted to take on the likes of Dixons and Comet in the UK, but which has proved consistently disappointing. The company, faced with a dire market for white goods, has been unable to reach its revised target of 20 stores, let alone 100. There are just 10 stores.

Mr Taylor said the company would provide a full update in September or October.

The shares increased 30 to 435p.

View the original article here

Monday, August 29, 2011

iPad2 Gift Stuns Affiliate in BrightShare CBG Affiliate Weekend Draw

SOURCE: BrightShare

Co-Host of the Recent CBG Affiliate Weekend at Niagara Falls, BrightShare Made the Important Event Even More Exhilarating for a Lucky Affiliate Named Wanda -- Proud Owner of a Brand New iPad2 Courtesy of the BrightShare CBG Affiliate Weekend Prize Draw

KAHNAWAKE, QC--(Marketwire - Aug 8, 2011) - Active webmasters and affiliate programs from all over the world gathered to focus on gaming-friendly Canada at CBG Affiliate Weekend. The annual conference is aimed at helping affiliates and gaming operators follow the latest trends and changes in web gaming technology and player preference, while establishing or deepening relationships in a non-formal setting in and around Niagara falls.

An industry leader in all aspects of gaming operations and internet marketing with a well-earned reputation for trust and service in Canada, BrightShare co-sponsored the important event. BrightShare representatives, Shelley Shalmoni and Marcia Ashkanazy, discussed how recent developments in the online gambling industry combined with the current economic climate require affiliates and gaming operators set their sights on clear achievable goals. They stressed especially the key role of retention in forecasting profits, an area where BrightShare has excelled for many years.

To top off their co-sponsorship, BrightShare ran a prize draw, culminating in an iPad2 giveaway to one lucky affiliate on the final night of the event. That lucky affiliate was Wanda, who had this to say:

"I can't believe I won! This is unbelievable. I stayed up all night, praying to win the iPad2 from BrightShare, lol. BrightShare has definitely made my weekend, in more ways than one. [BrightShare representatives] Marcia and Shelley are simply amazing and I look forward to doing great things together! Now, let's make some money!!! Whoohooo!"

About BrightShare

BrightShare are an established online gaming affiliate program with a reputation for trust, reliability, stellar support, and excellent commissions. BrightShare work with some of Microgaming's most respected online and mobile brands, as well as the AllYouBet sportsbook.

View the original article here

Samsung ties up with Vodafone for Galaxy Tab

NEW DELHI, INDIA: Korean electronics giant Samsung on Wednesday announced the release of Samsung Tab 750, a new version of Samsung Galaxy Tab 10.1, in India market. The announcement comes at a time when Samsung has suffered a major setback in Europe where a court has banned the sale of Galaxy Tab 10.1?over copyright infringement allegation by Apple.

Samsung has?tied up with Vodafone to offer 3G data usage.


Samung said the Galaxy Tab 750?will be available by the end of August. In addition, Samsung also announced that it would be launching the Galaxy Tab 730 in September.

Touted to be a serious competitor to Apple's iPad2, the current best selling tablet, Samsung Galaxy Tab 750 (Galaxy 10.1), which runs on Honeycomb, was launched in February in Barcelona.

Also read: RCOM intros 3G Tablet

The new Android tablet is powered by a 1 GHz dual-core Tegra 2 processor from NVIDIA and features a 10.1-inch 1280 x 800 (WXGA) TFT capacitive display, 8 megapixel rear camera with LED flash which is capable of full 1080p video recording, 2 megapixel shooter on the front for video calling, and either 16 or 32GB of internal storage.

The Tab 10.1 features HSPA+ 21Mbps connectivity over 850/900/1900/2100 and EDGE/GPRS 850/900/1800/1900, in addition to Bluetooth technology v 2.1 + EDR, USB 2.0, and WiFi 802.11 (a/b/g/n). The Samsung Galaxy Tab 10.1 measures in at 246.2 x 170.4 x 10.9mm and weighs 599 grams which is pretty surprising since it comes equipped with a 6860mAh battery.

The tablets will come with a My Reader application that will provide the users access to 17 newspapers, 17 magazines, and 30,000 Indian language books. With the preloaded Mobile TV, users can enjoy up to 55 Indian channels as well.

Samsung Galaxy 730 (Galaxy 8.9), another Android tablet, has an 8.9-inch screen with the same operating system as the 10.1. The company has priced Galaxy Tab 730 at Rs. 33,990.

Samsung has tied up with Vodafone to offer 3G data usage up to 2GB/month for six months at Rs. 3,000 for Galaxy Tab 750/730 owners.

The Regional Court of Dusseldorf (Germany), which has banned the sale of Samsung Glaxy Tab 10.1in EU, has ruled in favour of Apple’s plea for a pan-European injunction on the tablet, based on Apple’s accusations of copyright infringement relating to the iPad 2.

View the original article here

Sunday, August 28, 2011

Fly Jalur Gemilang, win an iPad2

Thursday, August 4th, 2011 03:39:00

KUALA LUMPUR: Residents in the Subang Jaya municipality stand to win prizes such as an iPad 2 and a Nikon D3100 DLSR camera by flying the national flag.

Subang Jaya Municipal Council (MPSJ) senior assistant director Azfarizal Abdul Rashid said they had to fly a flag of size 2 ft by 4 ft or a national flag bunting of size 2 ft by 6 ft at their house or business premises from last
Monday to Sept 16.

"After hoisting the flag, they have to register by sending an SMS," he told Bernama.

They have to type JOMKIBARNAME<*>ADDRESS and send the SMS to 39111 or they can surf the MPSJ website at MSPJ for details.

Registration is open until Aug 31.

View the original article here

Saturday, August 27, 2011

FieldPower Field Service Management Suite Now Available for the Apple iPad2

Integration with the Apple iPad2 is part of FieldPower's ongoing commitment to make its field service management software available across all mobile channels and devices, including Smartphones and Tablet PCs.

Edison, New Jersey (PRWEB) August 03, 2011

FieldPower, a leading provider of field service management software to the service industry around the world today announced integration with the Apple iPad2 for its industry leading field service automation software.

FieldPower is a powerful workforce automation tool for service companies to help them better manage their field force. FieldPower is available on premise and hosted basis. FieldPower Platform is device agnostic and compatible with all phones and tablets. Popular ones include iPad, Galaxy Tab, Android, Windows Mobile, Blackberry etc.

iPad is fast becoming the most popular tablet device in the market. Apple has made the iPad2 faster, thinner, lighter, more powerful and more versatile than the original iPad. iPad2 also sports upgraded WiFi compatibility for much faster surfing and downloads when connected via hotspot.

Service Companies have a workforce on the go and need a solution that is portable and user friendly. Now companies can equip their technicians at a fraction of the cost of expensive field tablets and yet get complete control of their field service operations including dispatching, scheduling and GPS integration for greater cost savings.

FieldPower on iPad will enable Field service technicians with mobile access to all they need including maps, routes, customer history, checklists, credit cards, etc. – conveniently on the go. According to Aberdeen Research, "Companies that are successful in extending the back-office to the field with convenient, well-integrated workflows have experienced significant 17% gains in service profitability from the deployment of mobile solutions."

About FieldPower

Fieldpower is a leading provider of Field Service Management Software for businesses of all sizes. Our field force automation solution maximizes the strength of your existing workforce improving the overall corporate efficiency and profitability. FieldPower also offers Mobile Field Force Management through iPad, iPhone, Blackberry, Droid, rugged devices like Intermec, Psion as well as slates, tablets, notebooks and laptops.

Fieldpower is brought to you by ZSL, Inc, a global provider of software and technology services. The company is headquartered in Edison, NJ, and currently employs more than 3500 IT and Business professionals worldwide. Additional offices include: U.K. Canada, France, Singapore, Malaysia, Dubai, and India.


Nimisha G
ZSL Inc.
Email Information

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Doremisoft Flip Converter Fully Supports iPad and iPad2

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Doremisoft Flip Converter Fully Supports iPad and iPad2- Record your family's landmark moments with flip camcorder and want to import these flip videos to iPad for playback anytime you want or easy sharing? Some Flip camcorder produces MP4 file that do not work with iPad (iPad 3G), so you need to convert these Flip videos to iPad friendly format. For a hassle-free experience and high quality HD video output, I recommend this powerful Doremisoft Flip video to iPad converter(

Doremisoft Flip video to iPad converter, Flip video to iPad2 converter

Doremisoft Software, a top-notch Multimedia company in the IT industry, announced that powerful Doremisoft Flip to iPad/iPad2 converter is listed on the e-market, which highly supports Flip Ultra, Flip Ultra HD, Flip Mino, Flip Mino HD and newly released Flip Slide HD, to convert Flip video to iPad, iPad2 H.264, MPEG-4 video format on Windows 7, XP or Vista, besides, Doremisoft Flip converter also convert Flip video to AVI, WMV, FLV, SWF, MPEG-2, DV, 3GP, MOV, RMVB, H.264. Designed for quick and easy ?slicing? of video files without losing any of their original quality, Doremisoft Flip converter does not require any specific knowledge or previous experience in video converting. In addition, the software allows you to remove audio tracks from video files.

Powerful Editing FunctionsThe powerful editing functions of?Flip video to iPad/iPad2 converter?will make your dream come true. You can clip, crop, apply effect for your video, adjust Resolution, Bitrate, etc. to get ideal output effect, merge multiple files into a whole one, etc. It?s just amazing.

More Output Devices SupportedApart from iPad, iPad2, if you own an iPod, iPhone, Apple TV, no matter which model it is, or other players and devices that support the format that iPad compatible with, this Flip video to iPad/iPad2 converter can also help you convert and import video for your enjoyment or your work, nearly no quality loss of the output video.

Help and Support:
There are also lots of tutorials available to familiarize yourself with the program? support page .Doremisoft Flip converter also provides email support, an in-program guide, FAQs, and Blog, and the emails will responded within a day.

About Company:
Doremisoft Studio is a leading developer of multimedia conversion and DVD backup tools for Mac users. Doremisoft products generally fall into four multimedia product lines, including Video Conversion Tools, DVD Ripping Tools, Stream Media Recorder & iPod transfer and DVD Copy & Burner Tools.

Pricing and Availability:
The program comes with an installer and uninstaller for easy usage. Users who purchased this program before can enjoy free upgrades.

For single personal license, Doremisoft Flip video converter is available at $35.00. Licensed users are entitled to the fully-functional copy of the product. Further information on the product, as well as its free evaluation copy is available.

Posted on:
Thursday, August 04, 2011 08:08 AM?

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Friday, August 26, 2011

NEWS: Mazda promo: Free iPad2 every brand-new CX-7


Mazda Philippines is making it easy for Filipinos to own their first car with Starter Plan, a program that offers easy financing options for the Mazda 2, Mazda 3 and Mazda CX-7.

"Owning your first car should be a fun and exciting experience--this is why our Mazda Starter Plan makes it easy and worry-free," said Japheth Castillo, Mazda Philippines' assistant vice president for sales. "We invite our customers, old and new, to drop by our dealerships to check out our UNO Mazda campaign and see just how simple owning a Mazda can be."

Under Mazda's Starter Plan, the Mazda 2 1.3-liter S hatchback and sedan variants are available for a down payment of P88,000. The Mazda 3 1.6-liter with automatic transmission comes all-in with a down payment of P99,000.

The low down-payment deals for the Mazda 2 and 3 come with a three-year registration at the Land Transportation Office (LTO), a one-year comprehensive insurance, free chattel mortgage fees and?free one-year scheduled service program.

Meanwhile, down payment for the Mazda CX-7 2.5L with automatic transmission is at P199,000. The deal comes with a free three-year LTO registration, comprehensive insurance for one year, free chattel mortgage fees and an Apple iPad2.

Mazda's Starter Plan is available in the brand’s nine authorized dealerships nationwide: Mazda Alabang, Mazda Greenhills, Mazda Makati, Mazda Quezon Avenue (Metro Manila), Mazda Batangas, Mazda Pampanga, Mazda Cebu, Mazda Dagupan and Mazda Cagayan de Oro.

Click here to check out the entire Mazda lineup in the Philippines

View the original article here

Thursday, August 25, 2011

Budget Travelers Reduce Costs Using Royal Aloha Vacation Club

34th Anniversary Rates Include Free iPad2 to New Members

Honolulu, Hawaii (PRWEB) July 28, 2011

Royal Aloha Vacation Club (RAVC) has responded to the high cost of timeshare vacations with a special offer to new members traveling to Hawaii, North America, Mexico and Spain. Perpetual membership initiation fees have been reduced 60% through September 30, 2011 and now include a free iPad2.

As part of its 34th anniversary special, one-time initiation fees are $1,295 for one-bedroom and $2,495 for two-bedroom memberships. Tax and escrow closing fees are included. Memberships allow the use of any RAVC location for one week each year.

Annual maintenance fees currently run $611 for one-bedroom units and $746 for two-bedrooms. Units accommodate up to 6 guests each depending on size. The maintenance fees are equivalent to a nightly charge of between $87 and $107.

RAVC has accommodations on Oahu, Maui, Big Island and in Acapulco, Marbella (Spain), Oregon Coast, Lake Tahoe, Phoenix and Branson. Vacation weeks are valid for a full 3 years before they expire. Exchange opportunities are available through both Resort Condominium International (RCI) and Interval International (II).

Free iPad2 is offered in the form of a $499 Apple Store gift card.

About Royal Aloha Vacation Club

Royal Aloha Vacation Club, established in 1977, is a non-profit member owned and member managed company. One of the first vacation clubs in North America it now has over 8,500 members. Headquartered in Honolulu, membership information can be found on its website,

If you would like more information about this topic, or to schedule an interview, please contact Royal Aloha Vacation Club Vice-President Channing Bridges at 808-847-8050, extension 101 or email Channing at channingbridges(at)ravc(dot)com.


Channing M. Bridges
Royal Aloha Vacation Club
(808) 847-8050 101
Email Information

View the original article here

Apple's iPad2 proves big hit as profits smash Wall Street forecasts

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Apple (NasdaqGS: AAPL - news) has smashed Wall Street expectations yet again, announcing record third quarter sales and profits as the company said it 'sold every iPad it could make'.

Sales of iPhones and iPads more than doubled compared with last year, as Apple (Xetra: 865985 - news) said it made a net profit of $7.31bn (£4.54bn) on revenues of $28.57bn in the quarter ending June 25, smashing expectations of $24.99bn.

Shares rose 6pc to $399.53 in after-hours trading as the company said it sold 9.25million iPads during the quarter, a 183pc increase compared with this time last year.

Apple's 20.34million iPhone unit sales represented a 142pc year-on-year increase.

The only blemish on Apple's shining results came from its iPod sales, which fell 20pc year-on-year to 7.54m units.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 percent and profits up 125 percent,” said Apple boss Steve Jobs.

“Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”

Shares of the world's most valuable technology company have emerged from the limbo they had fallen into since Mr Jobs took leave last January for unspecified medical reasons.

Shares have gained nearly 19pc since hitting a year low on June 20. The rally has added $54.8bn to Apple's market cap since then.

View the original article here