UPDATED 08:00 EDT / JULY 26 2013

Kumbaya, Tech Giants : Open Source Makes Friends of Rivals

It’s been an embracing week for the world of open source, as several enterprise entities take the pledge to work more collaboratively with each other.  IBM and EMC Pivotal were among the most notable organizations to unveil their collective goals for Cloud Foundry, an initiative that benefits several companies looking to develop the Industrial Internet, including General Electric.  Also making his plea for more cooperation in the open source community is Cloudscaling CEO Randy Bias, who published something of a manifesto this week encouraging the gap be bridged between OpenStack and Amazon Web Services APIs.

While the world of enterprise open source finds its foothold in this highly transitional era within the tech sector, consumer-facing tech giants exceeded many of Wall Street’s expectations for Q2.  Both Apple and Facebook, currently facing scrutiny for not innovating quickly enough in the age of mobile, held their ground with an increase in iPhone sales and mobile ad revenue, respectively.  Still, Wall Street is anxious for Apple and Facebook to step up their game.  Here we explore the future business opportunities for Apple devices and Facebook services in the booming mobile sector.

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