Google, White iPhone 4: Weekly Tech Recap

News of Apple's white iPhone and Google moved stocks this week. Here's a roundup of TheStreet's top tech stories.
Publish date:

NEW YORK (TheStreet) --Apple (AAPL) - Get Report started selling the new iPhone 4 in 17 international cities on Friday, and launch reports from around the globe were coming in mixed.

Singapore Telecommunications

, whose all-night iPhone 4 launch party kicked off at midnight, told the

Wall Street Journal

that it sold iPhones to a few thousand customers. But fanboys in New Zealand (a few of them pictured below) stood around in confusion outside of


stores and received mixed messages from store employees -- first the iPhone wasn't available at all; then, later, the iPhone had sold out.

Apple's iPhone 4 debuts at at Vodafone store in Auckland, New Zealand on Friday July, 30.

Apple has certainly faced a bevy of

glitches with its latest iPhone

. Yet even Wednesday's news that the elusive

white iPhone 4

won't be available until later this year due to manufacturing issues wasn't enough to make much of a dent its stock. After dropping to the week's low of $255.58 Friday morning, shares of Apple continued to zig-zag; they closed slightly down at $257.25

Google's (GOOG) - Get Report China troubles

seem to be continuing. After a report showed up late Thursday on Google's site stating that some of the company's mainland China search functions were fully blocked, Google cleared things up: "It's possible that our machines could overestimate the level of blockage," a Google spokeswoman said in an e-mailed response to


. "That seems to be what happened last night when there was a relatively small blockage

in China." As of Friday, Google said, things appeared to working normally in China.

Google sees a major growth market in China, where rival search company


(BIDU) - Get Report

holds nearly 70% of the search sector. Shares of Google, which plunged in afterhours trading on Thursday, closed slightly down to $484.85. Baidu was still up and closed up $2.21 at $81.41.

During its second quarter earnings report on Thursday morning,



said that its mobile phone unit reported an operating loss of $109 million, compared to a loss of $239 million in the year-ago period. Otherwise

Motorola topped estimates,

reporting $5.414 billion in revenue vs. the $5.19 billion that analysts were expecting and earnings per share of 7 cents vs. the expected 8 cents.

The company's

Droid X

phone, which sold out at


(VZ) - Get Report


Best Buy

(BBY) - Get Report

shortly after launch, likely had little impact on Motorola's most recent earnings report. The company said it shipped 2.7 million smartphones last quarter -- compared to the 8.5 million iPhones Apple shipped in the same time period -- and hopes to ship 12 million to 14 million smartphones this year.

Motorola shares closed down 1.58% to $7.49 on Friday.

The new $139 Kindle from


(AMZN) - Get Report

debuted on Thursday, kicking off a

tablet/e-reader device price war.

How low will these devices go?

The new Kindle, slimmer, lighter, and now in gray, is -- so far -- the cheapest e-reader on the market. But a new a cheap-chic tablet computer, which offers web-surfing as well as e-book reading capabilities, quietly surfaced this week in the pages of select


circulars. For $150, Florida tech manufacturer


is selling a 7-inch, Google Android-powered tablet at the discount retailer. While the Augen tablet's specs hardly compare to the iPad's, its low-price debut is more evidence that the tablet market is more than just a fad.

Amazon shares closed slightly up 0.88% to $117.89

Tech's week ahead

Tuesday is huge for

Research in Motion


, which is finally

unveiling its new BlackBerry

-- code-named Talladega, for all you


fans. The new BlackBerry, initially partnered with


(T) - Get Report

, will show itself at a Manhattan event, which


will be live-blogging starting at 10:15 a.m. ET.

RIM shares, down 21% for the year on wariness from increased competition from the likes of Apple and Google Android-powered smartphones, were rallying more than 3% in afterhours trading Friday (the stock closed at $57.53).

--Written by James Rogers in New York

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