Tag: category-/News/Business News/Company News

Apple overtakes Saudi Aramco as world’s most valuable public company

(Reuters) — Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock surged to as high as $412.22 a share, putting its market capitalization at $1.762 trillion, according to the share count provided by […]

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Apple hints at several week iPhone 12 delay during Q3 2020 call

Apple’s fiscal third quarter 2020 was another one for the record books, surpassing analysts’ expectations despite pandemic-related fears of a global recession. But the next quarter might not be as rosy as its predecessors, Apple CFO Luca Maestri hinted today on a conference call with analysts, as COVID-19-related delays could keep the company’s hugely important […]

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Amazon reports $88.9 billion in Q2 2020 revenue: AWS up 29%, subscriptions up 29%, and ‘other’ up 41%

Amazon today reported earnings for its second fiscal quarter of 2020, including revenue up 40% to $88.9 billion, net income of $5.2 billion, and earnings per share of $10.30 (compared to revenue of $63.4 billion, net income of $2.6 billion, and earnings per share of $5.22 in Q2 2019). North American sales were up 43% […]

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Amazon CEO Jeff Bezos ‘can’t guarantee’ policy against using seller specific data hasn’t been violated

At the “Online Platforms and Market Power” virtual antitrust hearing today, Amazon CEO Jeff Bezos spoke about a policy that is meant to prevent the company from using seller specific data to help it determine what products it should manufacture and sell itself. “What I can tell you is, we have a policy against using […]

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