Apple TV Sales: Morning Tech Bytes

Apple said Tuesday it expects to sell 1 million Apple TV units by the end of the week.
By Olivia Oran ,

NEW YORK (

TheStreet

) --

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

LinkedIn

,

Twitter

and

Facebook

.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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