Apple sells 0.7 million iphones

Apple's iPhone had a record-breaking introduction, sell up to 700,000 of the $499 and $599 combination cell phone, music device and video player in three days. AT and T, the exclusive wireless carrier for the iPhone said they'd seen nothing like it.

"We sold more iPhones in the first weekend of sales than in the first month of sales for any device in AT and T history," company spokesman Mark Siegel told the USA Today. Because the iPhone is activated at home instead of in stores, Apple outlets could sell up to 1,000 phone per hour.

Financial analysts estimated $250 million worth of iPhones - almost all the $599 version with 8 gigabytes of storage) was sold over the weekend. Apple will likely sell 4.5 million iPhones this year and over 30 million devices by 2011, according to researcher iSuppli.

ISuppli today said a breakdown of the manufacturing costs for the iPhone revealed Apple is making around 55 percent in profit. The $599 iPhone, for example, costs Apple $265.83 to make, according to iSuppli. Apple reportedly declined to comment.

Sequoia Funds $7M to Minglebox - A Comparision with Competition

Minglebox, the India-based social network for college campuses, raised $7 million in funding, backed by Sequoia Capital India.

Minglebox started with a concept similar to facebook, creating customized networks for people on college campuses. The goal is for each network to be a close knit community, working like a college intranet. As with many other social networking sites, you can share videos, music, blogs, photos and events with friends and the group at large.

Minglebox was created by a former Yahoo employee, Kavita Iyer, and the other two founders, Sanjay Aggarwal and Sushma Abburi.

There has been a widespread speculation of a vested interest in the unusually high amount of funding for such a small startup, as their userbase is far less compared to Youtube and to that of its nearest competitor.

A sample graph to showcase the competition.

Comparision with Competition:
Minglebox.com vs Bharatstudent.com
________________________________

PSP2 in the making??

Over the past few weeks there's been a lot of speculation that Sony is due to announce an updated version of the PlayStation Portable - with some saying it will have internal memory and a better screen - but Sony has played down the claims as just "rumour John Koller, senior market manager for PSP, said he wanted to "clear the air" about the recent rumours. Speaking on the official PlayStation blog he said: "I'm thrilled to hear that there's so much interest in the platform, but sorry folks, these reports floating around fall into the rumours/speculation category."

Koller also tackled claims that mobile maker Ericsson was working on a phone version of the PSP. "We haven't announced anything about a new PSP, much less one that would have phone capabilities," he explained.

PS3 HOME - Incredible!!!

Good news for the PlayStation camp, full details of Sony's Playstation Home have been revealed, and it ain't no slacker. Alongside those avatars and achievements we heard about earlier, the "service" seems to be a new-gen Second Life killer, with public hangouts, personal apartments (to show off those fancy prizes you've been racking up in recent frag fests) and voice chat.

The seeming-MMO even includes casual games such as pool, bowling and arcade machines embedded into the world, but at any time you can invite a fellow resident to join in on any PlayStation Network-capable game. As for user-generated content, PS Home allows you to hang your own pictures on your apartment walls and share videos with friends. You can of course dress up your avatar in assorted virtual clothings -- for a price -- all while enjoying "dynamic advertising" of some sort.

A large scale beta goes live in April, with the full product to be launched this fall. Make sure to hit up the read link for a gallery of the beautiful scenery and idiotic conversations you too can be enjoying in a few months.

Windows Surface

Windows 'Surfaces'

Microsoft Surface represents a fundamental change in the way we interact with digital content.

With Surface, we can actually grab data with our hands, and move information between objects with natural gestures and touch.

Surface features a 30-inch tabletop display whose unique abilities allow for several people to work independently or simultaneously.
All without a mouse or a keyboard.

Apple announces iPhone

The much anticipated iPhone was announced amidst much fanfare at the Keynote Presentation.
A video follows: