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Apple selling unlocked iPhone 3G in Hong Kong

Apple has made an unlocked version of the iPhone 3G available in Hong Kong, letting consumers pick whichever carrier they so choose.

This is in sharp contrast to Apple's policy for the almost everywhere else on the planet. Unlocked iPhones are rampant worldwide, but that isn't something that Apple has sanctioned.

Freedom doesn't come cheap. The 8GB version is available for about $695 (5,400 Hong Kong dollars), while the 16GB iPhone costs about $798 (6,200 HK dollars), according to Apple's site.

The

"iPhone 3G purchased at the Apple Online Store can be activated with any wireless carrier,"

the site states.

"Simply insert the SIM from your current phone into iPhone 3G and connect to iTunes 8 to complete activation."

RIM shares tank on lower profits for new BlackBerrys

For the second straight quarter, soaring earnings weren't enough to satisfy Research In Motion investors worried about the prospects of lower profits to come.

RIM reported its second-quarter results Thursday, posting an 88 percent jump in revenue and a 72 percent jump in net income compared to last year. The numbers, $2.58 billion in revenue and $495.5 million in net income, were roughly in line with the company's own expectations but slightly below those of financial analysts.

But RIM revealed that its gross margins will be lower than usual for the next several quarters as it introduces new products that are slightly more expensive to build than its current models. In addition, the U.S. launches of the BlackBerry Bold and the BlackBerry Pearl Flip will come a little bit later in the company's third quarter than it had expected earlier in the year, meaning they'll contribute a little less to this quarter than RIM had anticipated.

That news sent RIM's stock down around 20 percent in after-hours trading as investors digested the news. RIM's gross margins are pretty solid, at around 50 percent, but they are heading down into the mid-40s as the company starts building the more expensive handsets in large volumes.

Still, RIM co-CEO Jim Balsille wasn't worried about his company's prospects heading into the rest of the year, on a conference call following the release of RIM's numbers. Balsille compared the current market for smartphones as a bit of a "land grab"--the same term he used last quarter--and said RIM would regret missing out on the opportunity to take advantage of demand for smarter mobile phones if it wasn't willing to take a bit of a cost hit through more sophisticated hardware and increased marketing expenses.

During the upcoming quarter the BlackBerry will be the centerpiece of several so-called "hero" campaigns launched by partners, presumably carriers and software developers, Balsille said.

"Everyone has a hero campaign where we are a featured or the featured device for the holiday season,"

he said.

RIM has been trying to expand its footprint beyond the enterprise to consumers, the target for devices like Apple's iPhone. Right now, consumers make up 42 percent of RIM's subscriber base, but more than half of all new subscribers in the second quarter were consumers, Balsille said.

BlackBerry sales were roughly in line with what Wall Street analysts had expected, at 6.1 million units shipped, but below some of the more optimistic estimates.

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Federer wins fifth US Open in a row for 13th Slam crown

Roger Federer won his 13th Grand Slam crown and fifth consecutive US Open title on Monday, defeating British sixth seed Andy Murray 6-2, 7-5, 6-2 to move one Slam title shy of the all-time record.

Federer's 56th career crown moved him into sole possession of second place on the all-time Slam title list, one more than Roy Emerson and one below the career record 14 won by Pete Sampras.

After losing this year's Wimbledon and French Open finals and his number one ranking to Spain's Rafael Nadal, Federer's aura of invincibility had dimmed but his US Open title served notice he still remains a force in tennis.

Federer became the first man to win five Slams in a row at two different events, having also completed the feat last year at Wimbledon. No one had won five US titles in a row since Bill Tilden in 1924.

Swiss second seed Federer stretched his US Open match win streak to 34, his last loss at Flushing Meadows coming to David Nalbandian in the fourth round of 2003, and took home the top prize of 1.5 million dollars.

It was Federer's 17th Slam final, two shy of Ivan Lendl's all-time mark. It took Federer 38 Slam appearances to win his 13th Slam, five fewer than Sampras
needed to reach the same total.

Federer had not won a prior hardcourt title all year. The last player to make the US Open his first hardcourt crown of a season was Sampras in 2002 for his last Slam crown.

Murray, playing in his first Slam final, had won two of three prior matches with Federer but was outclassed to bring a disappointing end to a run that will see him rise to fourth in the rankings, matching the best-ever British mark.

Federer, 27, thrilled a sellout crowd of 23,763 at Arthur Ashe Stadium in the first US Open final since 1987 pushed to Monday by bad weather. It was the first Monday men's Slam final since Goran Ivanisevic won at Wimbledon in 2001.

Murray, who took one million dollars, would have been the first British man to win a Slam since Fred Perry at the 1936 US Open and the first British Slam champion of either sex since Virginia Wade won in 1977 at Wimbledon.

Murray's loss was the fifth for a British man in a Slam final since Perry's triumph, including Greg Rusedski at the 1997 US Open, John Lloyd at the 1977 Australian Open and Bunny Austin at the 1937 French Open and 1938 Wimbledon.

Federer broke Murray in the sixth and eighth games of the match to win the first set in 27 minutes. He broke Murray again in the second game of the second set but Murray broke back at love in the next game and the fight was joined.

Murray went to 0-40 on Federer's serve in the fifth game of the second set but Federer denied the Scotsman and the two traded holds of serve until the last game, which Federer finished with three winners to break for the set.

Federer broke Murray's first two service games at love in the third set and, after surrendering a break when he was serving two points from the title, broke him again in the last game on his third overhead smash of the point.

Murray sent the ball into the net after one hour and 51 minutes and Federer fell to his knees and then rolled onto his back, overcome with the moment as he screamed his joy before rising and raising his hands in a salute to the crowd.

Asif Ali Zardari elected new President of Pakistan

Pakistan People’s Party Co-chairman, Asif Ali Zardari was elected as the next President of Pakistan after securing majority of votes in the presidential elections held here on Saturday.

Asif Ali Zardari is Pakistan's 11th President since 1956, when the country became a republic, excluding acting presidents.

According to the unofficial result out of 702 Asif Ali Zardari secured 479 votes, of which he got 281 from Parliament, 22 from Punjab, 6 from Sindh, 59 from Balochistan and 56 from NWFP.

Justice retired Saeeduzaman Siddique got 153 and Mushahid Hussain got 43 votes.

In the Parliament Zardari secured 281 votes, 111 by Justice (Retd) Saeeduzaman Siddique and 34 by Mushahid Hussain Sayed, out of 436 total votes, of which ten were declared invalid.

Asif Ali Zardari secured 123 in Punjab Assembly, 162 in Sindh Assembly, 107 in NWFP, and 59 in Balochistan Assembly.

His rival Justice (Retd) Saeeduzaman Siddique got 201 votes in Punjab Assembly, none from Sindh, 10 from NWFP and 2 from Balochistan Assembly.

Mushahid Hussain got 36 from Punjab Assembly, none from Sindh, 3 from NWFP and 2 from Balochistan Assembly.

The PML-N candidate Justice (Retd.) Saeeduz Zaman Siddiqui outshone in Punjab assembly with 201 votes, followed by Asif Ali Zardari securing 123 votes while Mushahid Hussain Syed could muster support of only 36 members.

Zardari bagged 100 percent votes from his native Province’s Sindh Assembly; he bagged 162 votes out of 163 cast in the house of 166 with one vote declared invalid. The result was announced by Presiding Officer, Chief Justice Sindh High Court, Justice Anwar Zaheer Jamali immediately after the counting was over. In the house of 166, not a single vote was cast in favor of any of the other two presidential candidates Mushahid Hussain Sayed and Justice (Retd.) Saeed-uz-Zaman Siddiqui.

Asif Zardari emerged victorious in the Balochistan Assembly by securing 59 out of the 63 votes polled for the presidential election. The other candidates for the post, Justice Saeed-uz-Zaman Siddiqui of PML-N and Mushahid Hussain Sayed of PML-Q got 2 votes each.

The result was announced by the Presiding Officer, Chief Justice of Balochistan High Court Justice Amanullah Yasinzai after counting of votes. Sardar Yar Muhammad Rind and Tariq Hussain Masoori abstained.

In the NWFP Assembly, Asif Zardari secured record 107 votes out of a total of 124 votes polled. Justice ® Saeed-uz-Zaman Siddiqui of PML-N grabbed 10 votes while Senator Mushahid Hussain Sayed of PML-Q obtained only three votes. While four votes were declared invalid as it were wrongly marked. Presiding Officer Tariq Pervez, Chief Justice of Peshawar High Court declared the unofficial results after counting of the votes.

Earlier, The voting process was held through a secret ballot by the two chambers of the national parliament, the National Assembly and Senate and the four provincial assemblies.

Chief Election Commissioner, Justice (Retd.) Qazi Muhammad Farooq conducted the proceedings as Returning Officer for election to the Office of the President. At the Parliament House, members from both the Houses, Senate and National Assembly, cast their votes to elect the President, being the Electoral College for Presidential election.

Security has been beefed up across Pakistan and additional contingents of security forces were deployed in major cities.