Other than its iPhones and computers, Apple sells a bunch of other products, like the AirPods, Apple Watch, Apple TV, Beats products, iPod Touch and, most recently, the HomePod. In Q1 2018, Apple saw $5.5 billion in revenue for these other products, an increase of 36 percent year over year. Read More
Apple’s dream of becoming a $1 trillion company will have to wait — at least for a little while. But while iPhone sales this year were about flat (down about 1% to be exact), revenue from the iPhone rose 13% year-over-year. That means Apple is finding ways to get more revenue out of the same number of units, so it may indeed be finding demand for higher-priced phones amid the… Read More
Google parent company Alphabet’s big run over the past few months came to a screeching halt today after it came out with its fourth-quarter results, which fell beneath expectations set by Wall Street for the advertising giant — sending the stock down around 5% and shaving off billions in market cap.
While Google owns a massive chunk of the advertising system — and it still… Read More
Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double take, after earnings per share came in at $3.75, more than double the $1.85 that analysts surveyed by Yahoo Finance were estimating. Net income was $1.9 billion for the quarter. For the full 2017 year,… Read More
Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its fintech affiliate that operates Alipay and other financial services. The deal, which both parties said stems from an agreement made in 2014, will see Alibaba pick up newly issued shares in Ant, seemingly paving the way for a… Read More
PayPal impressed Wall Street when it reported fourth-quarter earnings after the bell on Wednesday. The global payments giant beat analyst expectations for both sales and profit. PayPal reported $3.71 billion in revenue on a foreign-exchange neutral basis, or 24% growth from the same period last year. Analysts were expecting $3.63 billion in revenue for the quarter. Adjusted earnings per… Read More
Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of changes to U.S. tax law. Read More
Nintendo’s Switch has only been on sale for 10 months but already it has outsold its predecessor, the Wii U, the flop that heralded Nintendo’s first step into hybrid gaming. The Japanese tech giant shifted a little over 13.5 million Wii U consoles across its entire lifecycle, and today Nintendo revealed that the Switch has reached 14.86 million sales to date. Business was so… Read More
Samsung has ended Intel’s 25-year run as the world’s biggest seller of chipsets after it posted its 2017 end of year financials. The Korean tech giant’s chipset division — which has long been its biggest hitter — grossed total revenue of $69 billion in 2017, eclipsing the $62.8 billion Intel reported for last year. That was a record year for Intel — and… Read More
Intel CEO Brian Krzanich was delighted to report that Intel had a record year in the company’s quarterly earnings call with analysts yesterday. Of course, he also had to acknowledge the Spectre and Meltdown chip vulnerabilities revealed earlier this month in perhaps the ultimate good news-bad news moment. Like any good salesman, Krzanich led with the good news. “2017 was a record… Read More