Apple TV Sales: Morning Tech Bytes
NEW YORK (
) --
Apple
(AAPL) - Get Report
rose 0.23% in pre-market trading Tuesday, as the company announced it expects sales of its Apple TV to top one million units later this week. Apple TV, which costs $99, lets users watch movies and TV shows and stream content from
Netflix
(NFLX) - Get Report
and
YouTube
.
Adobe
(ADBE) - Get Report
jumped 5.5% in pre-market trading to $30.79, as the company posted better than expected fourth quarter earnings.
The Flash maker generated adjusted earnings of 56 cents per share, while analysts had expected 52 cents per share.
Revenue rose 33% to $1.01 billion.
Nokia
(NOK) - Get Report
was up 1.3% in pre-market trading to $10.03, while rumors swirled that the company could consider using
Microsoft's
(MSFT) - Get Report
Windows Phone 7 operating system as an additional platform for its smartphones. Nokia primarily uses Symbian software to run its devices.
Online video site
Hulu
has shelved the idea of an initial public offering and is considering other financing options, according to the
Wall Street Journal
. Hulu, owned by
Disney
(DIS) - Get Report
, NBC Universal and
News Corp
(NWSA) - Get Report
, expects to generate revenue of $260 million in 2010.
AOL
(AOL)
announced Monday that it had acquired start-up
About.me
just four days after its launch. About.me lets users unify their personal profile pages from
,
and
.
--Written by Olivia Oran in New York.
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