PC sales in China and high growth in smartphones sales helped boost Lenovo’s net profit for its fiscal fourth quarter by 90% year-over-year. For the quarter ended March 31, Lenovo’s net profit was $127 million, the company said on Thursday. Revenue shattered records and was at $7.8 billion, growing 4% from the same period last year. In Lenovo’s home market of China, the company had an operating margin of 4.9%, an increase of 8% year-over-year. The company also saw continued profitability... 

Twitter, in a very necessary move to keep its users safer from cyberattacks, is rolling out a more secure login process. The system, called Login Verification, gives users the option to have a verification code sent to their mobile phone every time they log in to Twitter. After a person enrolls, he or she will be able to enter a six-digit code sent via SMS each time the user signs in to twitter.com. The system is designed to provide a second check on top of a regular password to help ensure only... 

Samsung Electronics has reported global channel sales of over 10 million units of the Galaxy S4 in less than a month after its global debut. The new smartphone from the Samsung stable has outpaced its predecessors in first-month sales. The GALAXY S III reached the 10 million mark 50 days after its launch in 2012, while the GALAXY S II took five months and the GALAXY S seven months to reach the milestone, Samsung said. The device is now available in over 110 countries and will gradually be rolled... 

Seagate has announced what it claims is the “industry’s first” 4TB video hard disk drive, that is, a 3.5in HDD that is engineered specifically for use in video applications such as digital video recorders (DVRs), set-top boxes (STBs) and surveillance systems. “Purpose-built for video solutions, the Video 3.5 HDD can store up to 480 hours of HD content making it the industry’s highest-capacity drive designed specifically for video,” the firm said. When we asked... 

It’s no secret that the mobile boom is taking a toll on makers of PC components and AMD is one of them. According to data from IC Insights, Qualcomm and Samsung have managed to pass AMD in microprocessor sales last year. Intel still dominates the market, with $36.9 billion sales and a 65.3 percent market share. However, Qualcomm has managed to squeeze into second spot, with $5.3 billion in sales and a 9.4 percent share. Samsung ranked third, with $4.66 in sales and an 8.2 percent market share.... 

Astronomers have caught two big ancient galaxies in the act of colliding, shedding new light on the role such megamergers played in galactic evolution during the universe’s youth. The colossal smashup will eventually produce one giant elliptical galaxy, researchers said, suggesting that most such behemoths formed rapidly in this manner long ago, rather than growing slowly over time by gobbling up a series of relatively small galaxies. “I think at least 90 percent of elliptical galaxies... 

Apple will assemble Macs in Texas using some parts made in the U.S., CEO Tim Cook said, making good on a pledge made last December. In a prepared statement Cook read before a Senate subcommittee yesterday, the chief executive named Texas as the location of a new factory where Apple will assemble Macs. Cook was in Washington, D.C. to defend Apple’s tax practices after senators accused the California company of dodging its obligations by shunting profits to overseas subsidiaries, including several... 

GameStop president Tony Bartel has reassured consumers that next-gen games will be able to be bought and sold on the pre-owned market, and explained why that is important as consoles transition. “Both Sony and Microsoft have said games can be resold and that’s exactly what we anticipated. It’s a recognised way to make these games more affordable. All three new platforms understand that,” Bartel told Forbes. “As people upgraded to PS3 they traded in their old systems... 

Wal-Mart plans to use big data about a customer’s shopping habits to automatically create shopping lists for them on its mobile app. That’s one of the tools the world’s largest retailer plans to use to improve the in-store shopping experience as it looks to mobile-influenced purchases outpacing e-commerce sales, said Gibu Thomas, Wal-Mart’s global head of mobile, in a CTIA Wireless keynote speech on Wednesday. “The future of retailing is the history of retailing, of... 

If you have any old AMD shares lying around you might like to sell them as fast as you can, according to the bean counters at Goldman Sachs. Despite the fact that the company is doing rather well, and its share price is has gone up rapidly over recent months, Goldman Sach analysts claim that the writing is on the wall for AMD. It thinks that AMD shares will be worth just $2.50 soon. The stock’s 50-day moving average is currently $2.98. The company said that while AMD could clean up in the gaming... 

Teenagers are growing tired of the excessive sharing and “drama” on Facebook and more are turning to sites like Twitter and Instagram to express themselves, according to a new study. “Many teens expressed waning enthusiasm for Facebook,” the Pew Research Center said in a study released Tuesday, based on interviews with 800 teens conducted between July and September last year. They complained of too many adults on the site, the inane details shared by friends and the “drama”... 

A Comparative Climatology Symposium held at NASA Headquarters on May 7 focused on new approaches to climate research by highlighting the similarities and contrasts between the environments of the rocky worlds Venus, Earth, Mars and Saturn’s smoggy moon Titan. The symposium also included discussions about exoplanets, the sun and past, present and future space missions. John Grunsfeld, Associate Administrator for NASA’s Science Mission Directorate, said that the upcoming James Webb Space Telescope... 

A day that SEGA fans thought would never come has arrived: SEGA has entered into a deal with Nintendo where Nintendo consoles will get the next three Sonic the Hedgehog titles as platform exclusives. The once bitter rivals are calling this a “worldwide partnership,” which despite being a bit short on details apparently leads us to believe that SEGA will be developing additional new software for the Wii U and 3DS consoles going forward. The next three Sonic titles will include Sonic: Lost World,... 

Apple’s dominance in smartphone customer satisfaction evaporated last year, with rivals like Samsung and Motorola dramatically closing the gap, a national survey said today. Although the iPhone remained the top smartphone by customer satisfaction, with a score of 81 in the American Customer Satisfaction Index (ACSI) published Tuesday, Apple’s lead largely evaporated. Not only did Apple’s score fall two points from the year before, satisfaction in competitors’ devices jumped. Samsung’s... 

Yahoo has once again made the list as one of the world’s 100 most valuable brands. The Internet company nabbed the 92nd spot in the annual list of global companies from multiple industries including technology, retail and service, released Tuesday by BrandZ, a brand equity database. The ranking gave Yahoo a “brand value” of US$9.83 billion, which is based on the opinions of current and potential users as well as actual financial data. Apple occupied the number-one position on the list,...