Sat, Jul 20, 2013 6:16 PM EDT 1:18
Apple's developer site has been down for two days. amid umblings across social networks and developer forums point to concern that Apple may have suffered a security breach, similar to an attack on Dropbox last year, which led to a spam attack on many of its users. Microsoft announced a $900 million write-down to reflect unsold inventory of Surface RT, the tablet the company says consumers really want, but just never seem to buy. It?s now touting the laggard device as best-of-breed in a new advertisement slagging Apple?s iPad ? a device that dominates the tablet market in which Microsoft is now hopelessly floundering. Microsoft's stock is taking a hit after the software giant behind Windows, the Xbox and Surface tablets reported disappointing results for the latest quarter. The results, which fell below Wall Street's expectations, included a large write-off for Microsoft Corp.'s surface RT business. A poor reception for Windows 8 contributed to a revenue drop in the company's operating system software unit. The stock is still up about 18 percent year-to-date.