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Apple's Downfall: Tech Weekly Recap

There were other major earnings reports this week, including the big telecom companies, AT&T (T) and Verizon (VZ). AT&T posted a net loss on pension writedowns, though it activated 10.2 million smartphones during the quarter.

Verizon also had a big writedown during its quarter, and added 2.2 million net retail connections, including 2.1 million postpaid net retail connections.

Shares of AT&T fell 0.7% for the week to close at $34.02, while Verizon lost 1.4% to finish at $42.67.

Next week the tech earnings just keep on coming. We get results from Qualcomm (QCOM), Amazon (AMZN), Facebook (FB) and EMC (EMC). Research In Motion (RIMM) will also show off its BlackBerry 10 in New York City, which TheStreet will be covering live.

Enjoy your weekend everyone.

-- Written by Chris Ciaccia in New York

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