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. […]
Tag: Earnings
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 […]
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 […]
Investor, beware: King dollar is back, and it could slam Q3 earnings
The continued rise of the dollar is one of the most surprising success stories of the markets this year. And that’s usually a bad sign for stocks. Read More
Evergrande is more a symptom of China’s flawed economy than a ‘Lehman’-like threat
The narrative around the indebted property developer is already shifting. Read More
Google’s quantum group helps find a new state of matter: time crystals
Solid, liquid, gas, plasma, and time crystals? A new paper from the Google quantum team and a group of university scientists details a new phase of matter called time crystals. Read More
A tale of dual IPOs: The divergence of Robinhood, Duolingo’s debuts
Robinhood and Duolingo went on two diverging paths in their public-market debuts. Read More
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 […]
Instagram focuses on kids, as Facebook beats forecasts
Facebook’s Instagram is restricting marketers’ ability to reach younger users. Read More
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 […]