Tag Archives: Apple

The Guardian Alphabet: revenue soared for Google owner as Covid brought more people online Company exceeded Wall Street’s expectations with $55bn in revenue, even as it continued to face landmark antitrust lawsuits Alphabet, the Google parent company, saw revenue jump 34% from a year ago. Photograph: Marcio José Sánchez/AP Google’s parent company, Alphabet, reported record profits for the second consecutive quarter and a 34% jump in revenues but warned bumper traffic and ad sales during… Source link

Bloomberg Microsoft Sales Jump on Cloud; Shares Slip on Lofty Forecast (Bloomberg) — Microsoft Corp. reported quarterly sales and profit that topped analysts’ estimates for a ninth straight quarter, lifted by booming cloud-computing demand. This time, investors weren’t satisfied.Sales in the period ended March 31 rose to $41.7 billion, the Redmond, Washington-based software maker said Tuesday in a statement. That compared with the $41.1 billion average estimate of analysts polled by… Source link

Bloomberg Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm (Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the… Source link

Farewell, advertising cookie. After years of debate, Apple Inc. and Google are making separate moves to effectively kill the software marketers use to track your online activity and tailor ads specifically for you. The moves are upending the way companies have reached audiences and made money from ads since the earliest days of the internet. Apple’s plan has pleased privacy advocates but left mobile app developers, ad-tech firms and rivals (chiefly Facebook Inc.) worried and fuming. And

Next week, your iPhone will get a massive update. Called iOS 14.5, it brings improvements for Apple’s (AAPL) smartphone including its controversial App Tracking Transparency, which will let you choose whether apps track your activity across the web. It will also feature support for Apple’s AirTags, new tracking devices that keep you from losing your stuff. The update even includes crowd-sourced traffic warnings for Apple Maps, making it even more of a Google (GOOG, GOOGL) Maps competitor,… Source link

[unable to retrieve full-text content]Google and Apple attacked on app store ‘monopoly’  BBC News Source link

In a lengthy Senate hearing, the app makers said Apple and Google’s rules surrounding in-app payments and app updates allow the tech giants to choke off rival services, and that they engage in retaliation when app developers refuse to comply. The occasionally tense showdown highlighted how antitrust scrutiny of Apple is ramping up after more than a year of similar focus on its peers such as Amazon, Facebook and Google. And lawmakers were clear that the hearing would serve as a springboard… Source link

Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Some app makers who rely on mobile distribution from Apple and Google are scared of how much power the tech giants have over their businesses, according to congressional testimony delivered Wednesday. “We’re all afraid,” Match Group Chief Legal Officer Jared Sine told Sen. Amy Klobuchar, D-Minn., the chair of the Senate… Source link

WASHINGTON—Lawmakers and mobile app companies took aim at Apple Inc. and Alphabet Inc.’s Google in a hearing Wednesday focused on competition concerns about the companies’ power over their smartphone ecosystems. The hearing marked an escalation of lawmakers’ antitrust scrutiny on smartphone makers, and particularly Apple. Google already has been sued by federal and state authorities… Source link

A panel of U.S. Senators questioned officials from Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their power at the expense of smaller competitors. Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and Google can use their power to “exclude or suppress apps that compete with their own products” and “charge excessive fees that affect competition.” App makers like music… Source link