Apple and Microsoft

flagship product: Investors are also concerned about Apple new smartwatch, which the company hopes can become a flagship product in the future, according to Deutsche Welle. The California tech giant did not release precise sales figures for the watch, leaving a sour taste in investors' mouths. As a result, net income soared nearly 38 percent in the second quarter, to $10.7 billion . But overall sales stayed below analysts' expectations. The company forecast revenue of between $49 billion and $51 billion, which also missed analysts' estimates. Microsoft biggest quarterly loss Meanwhile, Microsoft reported a $3.2 billion quarterly loss, its biggest ever, on falling demand for its Windows operating system and a huge writedown on its Nokia phone business. Apple shares fell 7 percent in after hours trading. (news.financializer.com). As reported in the news.