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(Business Insider)- AOL’s latest quarterly earnings are in, and depending on how you view things, the company either pleasantly surprised or disappointed: factoring in the Huffington Post acquisition and restructuring costs, profits amounted to $4.7 million on sales of $551.4 million, a 17% decline from the same time a year ago. But if you exclude all those costs, earnings actually beat analyst estimates. (ZDNET)
- DVD sales dropped 20% last quarter. While movie studios blame the plunge on the Easter holiday and a lack of blockbuster releases, it’s also worth noting that sales for streaming and subscription-based services like Netflix jumped 33% to $695 million. (The Guardian)
- Speaking of, Netflix CEO Reed Hastings compared offering current season TV or newer movie releases to Armageddon. (CNNMoney)
- Apple’s rumor mill keeps churning … An AT&T employee told MacRumors that the next iPhone will not hit in June or July, as has traditionally been the case. (MacRumors)
- Total sales from the four major mobile app stores by Apple, Google, Nokia and Research In Motion are expected to climb nearly 78% this year to $3.8 billion, with Apple expected to account for three-fourths of that. (ISuppli)
- As part of CEO Larry Page’s reorganization plans, Google’s search group has been renamed the “knowledge group.” (TechCrunch)
- Mercury News reports that Zynga is blocking former company exec Andy Trader from selling $12.8 billion worth of private shares. (Mercury News)
- Nintendo plans to cut the price of its Wii console to $149 and the prices of select games down to $19.99 to potentially boost sales. (VentureBeat)
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