Cupertino, Calif. - Apple said on Monday that its fiscal fourth quarter revenues climbed 28% from a year ago, to $6.22 billion, bolstered by sales of 1.1 million iPhones during the period. [more..]

London - Revenue from social networking sites is expected to reach $965 million this year, when worldwide members will total 230 million, with revenue growing to $2.4 billion in 2012, when membership will plateau, according to a new report from market research firm Datamonitor. [more..]

Toyko - Microsoft has announced plans to cut the price of its Xbox 360 video game console in Japan by 13%, giving the device a new price tag of $305 as of Nov. 1. [more..]

Los Angeles - News Corp.'s MySpace online social network on Monday announced the launch of its first original scripted Web series, "Roommates," which will debut one of 45 new episodes each weekday through Dec. 21. [more..]

Los Angeles - IDG Worldwide announced on Monday that an estimated 18,000 turned out over four days for the E for All Expo, the company's inaugural consumer-focused video game event held last week at the Los Angeles Convention Center, the former home of the mammoth E3 game expo. [more..]

New York - Publisher Penguin's audiobooks unit has removed its titles from the website of digital audio retailer eMusic, over fears of digital piracy on a new eMusic service that sells audiobooks in the unprotected MP3 format, The New York Times reported. [more..]

San Antonio, Texas - Wireless network operator AT&T on Monday announced an extension of its relationship with Napster, and beginning next month will offer subscribers access to over-the-air downloads of songs from the company's catalog of over five million tracks. [more..]

Milpitas, Calif. - SanDisk, a maker of flash storage media and portable media players, on Monday introduced the TakeTV Video Player, a device that moves video content from the PC to a TV, and also launched a public beta of Fanfare, an online service that lets users download TV shows, movies and other video content to portable devices. [more..]

London - U.K. consumer magazine publisher IPC Media, a unit of Time Warner, announced on Monday that it has acquired product review website TrustedReviews.com, for an undisclosed sum. [more..]

San Diego - RoyaltyShare, a provider of digital royalty and content management services to the entertainment industry, announced on Monday that it has added $4 million to its second round of venture capital financing, from Bertelsmann Digital Media Investments and Trident Capital. [more..]

Seattle - Tioti, a social media aggregation site that indexes TV content on the Web, has raised an undisclosed sum in its first round of venture capital financing, led by Pond Venture Partners. [more..]

New York - Collective Media, an online advertising network, announced on Monday that it has raised an undisclosed sum of first round funding, led by Greycroft Partners in conjunction with iNovia Capital. [more..]

New York - Tumblr, the developer of an online scrapbooking service, has raised $750,000 in first round finding from Spark Capital and Union Square Ventures, PEHub.com reported, citing a regulatory filing. [more..]

San Francisco - GameLayers, a San Francisco-based game developer focused on "passively-multiplayer" online games, has raised $500,000 in new funding led by O'Reilly AlphaTech Ventures, PEHub.com reported, citing a regulatory filing. [more..]

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New York - TechPresident.com, a group blog on the use of the Web by presidential candidates, announced on Monday that it has partnered with the editorial board of The New York Times and MSNBC.com on 10Question.com, a video forum that will solicit video questions from users and responses in video form from candidates. [more..]

London - Universal Music Group will begin offering singles on USB memory sticks later this month in the U.K., which will be priced at about $10.14 each and initially include offerings from artists such as Keane and Nicole, lead singer of the Pussycat Dolls, the Times Online reported. [more..]

San Francisco - MobiTV, a provider of mobile audio and video services for cell phones, said on Monday that it has surpassed three million subscriptions for its services worldwide, having added a million new subscribers over the past six months. [more..]

New York - SpiralFrog, the operator of a free, ad-supported music download service, said on Monday that it has signed a new licensing agreement with Sony/ATV Music Publishing, which controls over 625,000 copyrights. [more..]

London - Disney-ABC International has signed a deal with U.K. broadcaster Channel 4, to offer free, ad-supported downloads of shows like "Ugly Betty" and "Desperate Housewives" on 4oD, Channel 4's online video-on-demand service, Variety reported. [more..]

Sunnyvale, Calif. - Mobile video distributor Mywaves said on Monday that it has partnered with Sony BMG's Columbia Records, to make music video content from nine artists available through Mywaves mobile channels. [more..]