The Register writes that, according to FBR Capital Markets, “Apple will cut iPhone production by roughly 40 per cent during the current Q4.  Craig Berger, an analyst at FBR

[…], said in a report that, compared to the previous calendar quarter, a series of ‘new checks’ have enabled him to arrive at the 40 per cent reduction figure for Q4, which kicked off last month.” 

CNetNews.com has an interesting article on ways Facebook could make money.  The article’s author, Dave Rosenberg, suggests that Facebook should move to a tiered subscription model which limits users without subscriptions to 200 friends and one status update per day whereas users who pay a few dollars per month for a subscription will face no restrictions on status updates or the number of friends they can have.

Internetnews.com reports that “[f]ollowing a sobering end to the third quarter, a prominent Internet analyst is cutting his spending forecast for the online advertising segment for the second time in two months.  J.P. Morgan's Imran Khan released his revised analysis this morning, noting that advertisers have been cutting their budgets across the board, particularly during the last two weeks of the quarter. So while advertisers continue to shift spending from offline channels to the Web, the overall depressive effect is undermining growth rates.  Under the updated figures, Khan expects 25 percent annual spending growth for 2008, backing off his previous prediction of 28 percent. Looking ahead to 2009, Khan is forecasting 13 percent year-over-year growth, down from his earlier estimate of 19 percent growth.”

ZDNet.com discusses the impact of the Internet on today’s elections.

According to the International Herald Tribune, “Google and Yahoo have offered to significantly narrow the scope of a planned advertising partnership in a last-minute effort to win the approval of the Justice Department, which is scrutinizing the deal for its effect on competition, a person briefed on the revised plan said Monday.  The advertising deal calls for Google to place ads next to some Web search results on Yahoo, lifting Yahoo's revenue. Under the revised terms, the deal would be shortened to 2 years, from as many as 10, said the person, who agreed to speak only on the condition of anonymity because the discussions remained confidential.  In addition, the amount that Yahoo could earn from ads placed by Google would be capped at 25 percent of Yahoo's search advertising revenue, the person said. Previously, Yahoo had the discretion to decide how much of its search ads to turn over to Google.”