Tag: category-/News/Business News

Tim Cook tells Donald Trump that U.S. tariffs on Chinese imports could hurt Apple, help Samsung

(Reuters) — President Donald Trump said on Sunday that he had spoken with Apple’s Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung. Trump said Cook “made a good case” that tariffs could hurt Apple, given that Samsung’s products would not be […]

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Why CES Group is investing in diversity ventures for the first time

The Consumer Technology Association has been criticized in the past for falling short on diversity when it comes to keynote speakers at CES, the big tech trade show that takes place in Las Vegas each January. But CTA, the lobby group that stages CES, has taken some of that criticism to heart, and it recently […]

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E3 organization leaks data for over 2,000 journalists and analysts

If you attended the Electronic Entertainment Expo trade show this year with a media badge, it’s possible that some of your sensitive data is now public. Each year, the Entertainment Software Association hands out hundreds of “press badges” to certain members of the press. To get one of these badges, I have given the organization […]

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Apple reports record Q3 2019 revenue of $53.8 billion, led by services

The first two fiscal quarters of 2019 were disappointing for both Apple and investors, thanks to a historic holiday season shortfall and a subsequent year-over-year second quarter decline. Today, Apple announced its fiscal third quarter 2019 results, including revenues of $53.8 billion — just enough to be a company record, though the number is roughly flat […]

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Alphabet’s revenue rebounds, easing doubts on growth and boosting shares 8%

(Reuters) — Alphabet shares rose about 8% after the company reported quarterly results that eased investors’ concerns about growth challenges facing its Google advertising business. Driven by ad sales, second-quarter revenue and earnings beat analysts’ expectations. In addition, the world’s largest online search and ads firm, unlike No. 2 online ad player Facebook a day […]

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Intel’s Q2 earnings stronger as PC market stabilizes and revenues hit $16.5 billion

Intel slightly beat Wall Street’s expectations for the second quarter as the giant chip company reported non-GAAP earnings of $1.06 a share on revenue of $16.5 billion. For the period ending June, analysts had expected Intel to report non-GAAP earnings of 89 cents a share and GAAP earnings of 83 cents a share on revenues […]

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Amazon reports $63.4 billion in Q2 2019 revenue: AWS up 37%, subscriptions up 37%, and ‘other’ up 37%

Amazon today reported earnings for its second fiscal quarter of 2019, including revenue of $63.4 billion, net income of $2.6 billion, and earnings per share of $5.22 (compared to revenue of $52.9 billion, net income of $2.5 billion, and earnings per share of $5.07 in Q2 2018). North American sales were up 20% to $38.7 […]

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Microsoft reports $33.7 billion in Q4 2019 revenue: Azure up 64%, Surface up 14%, and LinkedIn up 25%

Microsoft today reported earnings for its fourth fiscal quarter of 2019, including revenue of $33.7 billion, net income of $13.2 billion, and earnings per share of $1.71 (compared to revenue of $30.1 billion, net income of $8.9 billion, and earnings per share of $1.14 in Q4 2018). All three of the company’s operating groups saw […]

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Vice Ventures wants to fund ‘bad’ industries like weed, booze, and vaping

Many venture capital (VC) firms set out with an investment strategy targeting specific kinds of companies — it could be mobility and robotics, deep tech, region-specific startups, or any number of niches and verticals. Vice Ventures is no different, but its focus lies squarely on areas where investors have traditionally been less inclined to venture — […]

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Nintendo, Microsoft, and Sony are right — Trump’s tariffs are foolish

Shortly after the Electronic Entertainment Expo (E3) trade show in Los Angeles earlier this month, the big-three console manufacturers sent a joint letter to United States Trade Representative Joseph Barloon. The letter requests the exclusion of video game consoles from upcoming tariffs on China. In asking for that exception, Nintendo, Microsoft, and Sony provide a […]

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Slack IPO starts trading at $38.50 for $23 billion valuation

Slack’s IPO started with a bang as the first trade was priced at $38.50, giving the company a $23 billion valuation, well above the expected $16 billion. The workplace communication collaboration platform had reportedly projected a $26 per share opening price that would have valued it at $15.7 billion. Within the first two hours of […]

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Apple’s $999 Pro Stand is just the latest sign of its identity crisis

If you’ve followed Apple for a while, you probably know that the company has spent decades evolving from a personal computer maker to a luxury retailer that outpaces diamond vendor Tiffany & Co. in revenues per square foot. But what might superficially seem like a linear progression from selling $666 motherboards out of a garage […]

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Uber loses $1 billion in Q1 2019 as costs grow for drivers, food delivery

SAN FRANCISCO/BENGALURU (Reuters) – Uber Technologies reported a $1 billion loss on Thursday as the ride-hailing service spendt heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company. Revenue of $3.1 billion matched the high end of the range Uber forecast for […]

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