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Smartphone News Byte: Apple Beats Wall Street View, Shares up 4%

Wochit 1:04 mins

Apple reported slightly better-than-expected fiscal third quarter revenue of $35.3 billion on solid sales of its flagship iPhone, sending its shares up 4% in after-hours trading, but fourth-quarter sales guidance fell short. Once the preeminent brand in Android, the Droid brand has taken a backseat to flagship phones. As the market has gravitated toward universally available franchises such as the iPhone and Galaxy S line-up, carrier-exclusive families such as Droid have seemingly lost their cachet. Verizon hopes to get its mojo back with Droid Ultra Motorola released a trio of devices at a special press event for its line of Verizon phones in New York City. The company showed off phones that in many ways resembled their Droid devices of the past, and these keep the Droid branding, too.

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