In Brief
SAN FRANCISCO — Defying skeptics on Wall Street, Apple says it plans to keep setting records for selling new iPhones around the world.
The giant tech company reported quarterly earnings Tuesday that beat analysts' estimates, while forecasting healthy iPhone sales during the upcoming holidays. Apple also said sales nearly doubled in China, Hong Kong and Taiwan during the last quarter, despite concerns that China's economy is slowing.
And in a closely watched indicator, Apple issued a forecast for the upcoming December quarter that suggests it will slightly surpass last year's record of 74.5 million iPhones sold during the crucial holiday season.
NEW YORK — Most home Internet service providers offer unlimited data, but cable giant Comcast is moving in the opposite direction.It's started charging heavy Internet users extra in more parts of the country.The reason? A small but growing number of consumers are skipping cable subscriptions and doing their TV-watching over the Internet instead. So finding a way to charge for heavier Internet use could bolster Comcast's revenue as the ranks of its cable customers shrink.
KENT, Wash. — Outdoor retailer Recreational Equipment Inc., known as REI, has announced it will buck Black Friday and close its 143 stores on the Friday after Thanksgiving.The Kent-based co-op told members the plan in an e-mail Monday, saying instead of working it'll pay employees on Nov. 27 to be outside.REI also created the social media hashtag (hash)optoutside and a website where people can share their outdoorsy plans for that day.
DEARBORN, Mich. — Pickups powered Ford to record North American results in the third quarter.Ford earned $2.7 billion in North America, up 89 percent from a year ago, largely on higher sales of its new F-150 pickup truck. Ford introduced the aluminum-sided truck last fall but didn't reach full production at its two U.S. factories until June.
