Apple misses Q1 earnings expectations as iPhone sales fall short

Apple misses Q1 earnings expectations as iPhone sales fall short

Apple (AAPL) reported its Q1 earnings after the closing bell on Feb. 2, missing analysts’ expectations on the top and bottom line as iPhone sales came up short, declining more than 8% year-over-year. Here are the most important numbers from the report compared to what Wall Street was expecting, as compiled by Bloomberg. Revenue: $117.1 billion versus $121.1 billion expected Adj. earnings per share: $1.88 versus $1.94 expected iPhone revenue: $65.7 billion versus $68.3 billion expected Mac… Source link

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Apple, Amazon and Google report earnings

Apple, Amazon and Google report earnings

A view of the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, on September 7, 2022. (Carlos Barria/Reuters) Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. After several years of raking in profits thanks to strong demand for tech gadgets and services during the pandemic, the industry’s fortunes began to turn last year. Tech giants have been grappling with high inflation and interest rates, as… Source link

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AI related stocks soar on artificial intelligence craze

AI related stocks soar on artificial intelligence craze

AI-related stocks are rallying as investors look for ways to make money off the hottest topic in Wall Street: artificial intelligence. The AI craze is fueled by Microsoft (MSFT)-backed OpenAI’s ChatGPT. The chatbot, launched in November, has become wildly popular in the Internet and spurred discussion over efficiencies in the workplace. Shares of AI maker C3.ai (AI), whose clients include Bank of America, Shell, and 3M, have skyrocketed more than 100% year-to-date. Smaller-cap, lesser-known… Source link

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Time, date, TV channel, halftime show for Eagles-Chiefs in Super Bowl 57

Time, date, TV channel, halftime show for Eagles-Chiefs in Super Bowl 57

The Super Bowl LVII matchup is set. After a drama-laden conference postseason in the AFC and NFC, here’s all the info you need for Super Sunday. How to watch the Super Bowl Super Bowl LVII can be watched and streamed on Fox, which is available through most cable and streaming television packages When is the Super Bowl? Sunday, Feb. 12 What time is Super Bowl kickoff? Super Bowl LVII is scheduled to kick off at 6:30 p.m. ET/4:30 p.m. local time Where is the Super Bowl? The Super Bowl is in Glendale,… Source link

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Google tees up venue clash over U.S. advertising antitrust lawsuit

Google tees up venue clash over U.S. advertising antitrust lawsuit

By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit to Manhattan federal court, where the company is already fighting claims that it has abused its market power for online advertising technology. In a filing in the Manhattan litigation, Google’s attorneys said transferring the lawsuit was necessary for “judicial efficiency and to mitigate the obvious risk of… Source link

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Google tees up venue clash over U.S. advertising antitrust lawsuit

Google tees up venue clash over U.S. advertising antitrust lawsuit

Company cites “judicial efficiency” in plan to seek transfer of new DOJ lawsuit DOJ could oppose such an effort, legal experts say Feb 2 (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit to Manhattan federal court, where the company is already fighting claims that it has abused its market power for online advertising technology. In a filing in the Manhattan litigation, Google’s… Source link

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