Tech

Apple has made nearly $100 billion so far this year

Enlarge / Adding the M1 chip to the iPad Air didn’t move the needle much for the iPad lineup’s revenue this quarter. (credit: Samuel Axon) Apple reported its earnings for Q2 2022 to investors on Thursday. Once again, the company beat analyst expectations and posted massive revenues and profits across most of its product lines. […]

Tech

Apple becomes first $3 trillion company} after boost from pandemic demand

Enlarge (credit: Anadolu Agency | Financial Times) Apple has become the first company to hit a market capitalization of $3 trillion, after its value rose by $1 trillion in less than 16 months as the coronavirus pandemic turbocharged Big Tech. The iPhone maker became the $1 trillion company in August 2018 and two years later […]

Tech

Despite huge iPhone sales, Apple misses the mark in Q4 earnings report

Enlarge / Apple CEO Tim Cook. (credit: Patrick T. Fallon/Bloomberg via Getty Images) In its quarterly call with investors today, Apple revealed that its revenue grew in all of its businesses and product categories, but the numbers weren’t enough to impress investors who were expecting even bigger gains. The company’s overall revenue grew by 29 […]

Tech

Forget “App Tracking Transparency”: Facebook is making more ad revenue than ever

Faebook CEO Mark Zuckerberg. (credit: Facebook) For months, Apple and Facebook waged a PR war (with threats of a legal one) over App Tracking Transparency, a change in recent versions of the iPhone’s iOS software that will often limit how advertising-focused apps and companies can monetize iPhone users. Facebook’s original public predictions about App Tracking […]

Tech

Apple reports a 50% year-over-year jump in iPhone sales

Enlarge / The Apple Park campus stands in this aerial photograph taken above Cupertino in October 2019. (credit: Sam Hall/Bloomberg via Getty Images) In what is usually one of its slowest growth quarters in a given year, Apple today reported a nearly 50 percent year-over-year increase in iPhone sales, among other positive numbers that beat […]