Microsoft has disclosed its first-quarter financial results, posting $4.5 billion with net income on $23.20 billion.

The figures exceeded Wall Street estimates of $22.02 billion in revenue, but net income was down 14% year-on-year from $5.24 billion.

There was positive news for the computing giant on the products front as Devices and Consumer revenue grew 47% to $10.96 billion, bolstered by a surge in Office 365 Home subscriptions and Surface sales.

The Surface tablet line grew 127% compared to this time last year, making gains of $908 million due to undisclosed Surface 3 sales.

Xbox console sales also contributed to the upturn, with 2.4 million units sold during the quarter ending on September 30.

Microsoft is a company introducing sweeping changes, phasing out the Nokia branding this week and discontinuing the free version of Xbox Music.

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Microsoft has opened up about its decision to phase out the Nokia branding one year after its acquisition of the Nordic phone maker.

The Windows firm's marketing chief Tuula Rytila described the branding shift towards Microsoft Lumia as a "natural progression" but promised existing Nokia phones will still be supported and sold.

"Microsoft continues to sell and support the Nokia Lumia phones that are out in the market, such as the recently announced Lumia 830 and Lumia 730," she said in a blog post.

"The Lumia promise that you've come to experience and love will remain. We will continue to honour customer warranties and provide world-class care services as before."

Last month, Nokia's UK website began redirecting customers to Microsoft's own Mobile Devices site amid reports that the branding will cease appearing on new hardware entirely by Christmas.

Microsoft acquired Nokia's device and services division last September in a deal worth £4.6 billion - this includes control of the domain and all official social media channels for a minimum of one year.

Nokia's software arm, which Microsoft does not own, will continue to use the branding indefinitely.

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Amazon has reported heavy losses during its third-quarter earnings calls, and there could be darker times ahead.

The internet retailer posted spiralling net losses of $437 million - or 95 cents a share - for the period in question, compared to a net loss of $41 million this time last year.

There was somewhat better news where revenue is concerned, with the firm raking in $20.58 billion, narrowly missing expectations of $20.84 billion.

Although Amazon is anticipating further deficits over the festive period, its free cash flow increased to $1.08 billion during the third quarter.

The deficit was attributed to pricy acquisitions and below-par hardware sales, with the company's Fire Phone believed to have fallen short of expectations and its takeover of games streaming site Twitch costing $1 billion.

Amazon's stock fell by 11% to $278.88 after the results were announced.

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LG has donated 2,000 smartphones to the United Nations to aid their fight against the Ebola virus.

The handsets will go to aid workers and healthcare professionals plying their trade in areas affected by the disease.

LG hopes that the devices will be used by workers on the ground to compile and monitor critical medical data that could help get the Ebola crisis under control.

"We hope that our contribution will make a difference as the UN and NGOs fight on the front lines to improve healthcare, food security and sanitation in areas affected by the Ebola epidemic," said Choong-hak Lee, senior vice president and head of LG's corporate social responsibility efforts.

LG's donation follows a similar gesture from Samsung, which provided 3,000 Galaxy S3 Neo smartphones to health workers tackling Ebola.

The Ebola virus is said to have infected more than 9,200 people and killed 4,500 in countries including Guinea, Liberia and Sierra Leone, with isolated cases reported in Europe and the US.

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Nike chief executive Mark Parker has hinted that his company is developing new wearable devices with Apple.

The two firms initially joined forces in 2006 to bring Nike+ support to the iPod, but have since increased their involvement with one another.

Nike shuttered its FuelBand fitness-tracking bracelet in April, and a member of its hardware team moved across to Apple to work on the Apple Watch.

"Technologically we can do things together that we couldn't do independently," Parker told Bloomberg. "So yeah, that's part of our plan, to expand the whole digital frontier in terms of wearables, and go from what we say is tens of millions of users - right now there's 25 million Nike+ users - to hundreds of millions."

The executive went on to say that future wearables from the companies will be "more stylish and more functional".

He added: "I think the form it takes is critical. You can go from the very geeky kind of wearables today - we've all seen some of those - to what I think you'll see in the future, things that are more stealth, more integrated, more stylish and more functional, yes."

The Apple Watch will be released in early 2015.

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Ello, a social network dubbed the "anti-Facebook", has secured $5.5 million (£3.4m) in funding from investors.

The web service has also become a Public Benefit Corporation, a move that will prevent it from breaking its promise to never sell user data or introduce advertising.

"There are 'freemium' successes like Linked In and in gaming. Ello is taking a unique spin on this," Lee Bouyea of Ello backer Fresh Track Capital told BBC News.

"We are long-term investors. We have a company on our portfolio we invested in for nine years before they were successful. We look long term for a company to grow something of scale and value."

Following the conversion to a Public Benefit Corporation, Ello stated: "The Ello PBC charter states in the strongest legal terms possible that: 1. Ello shall never make money from selling ads; 2. Ello shall never make money from selling user data; and 3. In the event that Ello is ever sold, the new owners will have to comply by these terms.

"In other words, Ello exists for your benefit, and will never show ads or sell user data."

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Apple Pay appears to be suffering teething problems in the US following reports that some customers have been charged twice for single transactions.

The issue was brought to light on Twitter and Reddit and was later covered by CNN reporter Samuel Burke, who was himself affected by the glitch.

The problem appears to be specific to Bank of America customers, and the banking group eventually took responsibility for the blunder and pledged to arrange refunds.

"We apologise for this inconvenience," Bank of America representative Tara Burke told Cult of Mac. "We're correcting this issue immediately."

Apple Pay is a digital wallet service that makes use of the iPhone 6 and iPhone 6 Plus's NFC chips to carry out transactions on the high street. It will also be compatible with the forthcoming Apple Watch.

The service launched in the US earlier this week with the release of iOS 8.1, but is not expected to arrive in the UK until early next year.

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Slender: The Arrival is seemingly in development for Xbox One, PS4 and Wii U.

European ratings board PEGI has given the game an age rating for new-gen consoles, according to CVG.

Similar to the recently released Xbox 360 and PS3 versions, the game has been given a PEGI 12 rating by the classification board.

The console versions contain additional levels not found in the PC release.

Available once the core game is completed, the two levels are a flashback set from the perspective of two of the Slender Man's earlier victims.

Slender: The Arrival is a follow-up to free indie title Slender: The Eight Pages, and was released on Steam last year.

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Sony has said it is looking to its users on how often it should update PS4 firmware.

Vice president of product planning Murray Hume explained the publisher has learnt from its mistakes of updating the PS3 too often, but is open to the idea of more frequent updates if users prefer it.

"What we want to see is what people think about this approach and what we've done by going the opposite of what we did with PS3, where we had a lot of updates and it wasn't always the most positive thing," Hume told Digital Spy.

"We've taken this approach, and we'll see what users say. If they want us to change it, then that's something we will consider, but it depends on what the users ask for, at the end of the day."

He added: "One of the main things is, we've learned a lot from our mistakes on PS3, to be honest, in trying to improve on PS4, and we hope we're doing that. But if users tell us they want it different, then that's fine."

The PS4's next landmark update, version 2.00, will add a number of new features, including Share Play, YouTube sharing, themes, USB music playback and improvements to voice commands and library organisation.

The last major update to the system, which introduced 3D Blu-ray support, was released in July.

Sony is still continuing to work on the suspend and resume feature announced at the system's launch.

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Xbox One will be receiving a temporary price cut in the US, Microsoft has announced.

From November 2 through to January 3, selected retailers will discount $50 (£31) off the price of a number of bundles, including the Assassin's Creed Unity, Sunset Overdrive and Call of Duty: Advanced Warfare bundles.

Participating US stores include Amazon, Best Buy, GameStop, Microsoft Stores, Target, Toys 'R Us and Walmart.

While the UK has seen several retailer-led Xbox One discounts this year, Microsoft said it has nothing to announce at present for Europe.

"Decisions about promotional and pricing strategies are made at a local level and based on market context," a Microsoft spokesperson told Digital Spy. "We have nothing more to announce at this time."

"Fans don't have to wait for Black Friday this year to enjoy great savings on Xbox One," said corporate vice president Yusef Mehdi.

"We're offering our best price yet, with unprecedented choices and value, so more people can play on Xbox One this holiday. We're gearing up for one of our biggest holidays ever and we are thrilled to offer fans up to $150 in savings on Xbox One and some of the biggest blockbuster games of the season."

Exclusive games releasing on Xbox One this autumn include Sunset Overdrive, Forza Horizon 2 and Halo: The Master Chief Collection.

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