Apple Inc.’s (AAPL) sales grew very little, and its profit fell by 13% in its latest quarter. The company however projected revenue for the current quarter that topped analysts’ estimates. Apple’s stock jumped 4%.
Apple (AAPL) is releasing earnings today and it’s one of the most anticipated reports of the season. Can the company curb its iPhone sales decline, and how will they approach the smartphone maturing industry moving forward?
Just Eat and Takeway.com have agreed on terms of a merger to create a $10 billion food delivery giant. The two former rivals will now collaborate to dominate at least 20 European markets.
While we’re still waiting for Apple’s Earning Report, a new report says that all three new iPhones will support 5G. Analyst Ming-Chi Kuo noted that Apple has more resources for developing the 5G iPhone after the acquisition of Intel baseband business.
Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT.
The Apple Card, a high-profile credit card partnership between Goldman Sachs and Apple, is scheduled to launch in the first two weeks of August.
Amazon broadcasted mixed second-quarter results, scaling the purported sales predictions but missed the mark on income valuations as the AMZN stock drops $15 in after-hours trading.
Google (GOOGL) records almost 10 percent increase in stock for the year’s second quarter. The official report also shows 13 percent increase in Traffic Acquisition Cost, hitting $7.24 billion.
Apple Inc purchased the majority of Intel Corp’s modem business in a deal valued at $1 billion. The acquisition means that Apple is now well on the way to producing its own 5G modems for its smartphones.
Samsung has announced that it will be launching the previously suspended Galaxy Fold smartphone in September 2019. Postponed from its earlier April launch, major adjustments have now been made, increasing its durability.
The largest penalty of a whopping $5 billion levied against Facebook by FTC. A move will see Zuckerberg surrenders sole dominance over privacy decisions.
Tesla endured another round of financial losses despite pressure to become steadily profitable. Tesla (TSLA) lost $1.12 per share versus the expected loss of $0.31 per share. That means a loss of $408 million in the quarter on revenue of $6.3 billion.
TD Ameritrade CEO confirms REAL demand for Bitcoin, while the company braves up to integrate in-vehicle software platforms such as Amazon’s Echo Auto, Android Auto, and Apple CarPlay to customers trade stocks on their cars.
Microsoft has invested $1 billion in Elon Musk-founded artificial intelligence company OpenAI in an effort build supercomputer AI technologies for its Azure cloud services. The two companies will join forces to build large-scale AI systems for Azure.
The DOJ says that the antitrust probe aims to monitor any unlawful activities carried out by the tech giants who especially happen to have a huge dominance on internet-based services.