Tag Archives: Apple

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

[unable to retrieve full-text content]Apple misses Q1 earnings expectations as iPhone sales fall short  Yahoo Finance Source link

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

WASHINGTON, Feb 2 (Reuters) – TikTok, owned by China’s ByteDance, should be removed from app stores run by Apple Inc (AAPL.O) and Alphabet’s (GOOGL.O) Google because the short video social media app poses a risk to national security, Senator Michael Bennet, a Democrat on the intelligence committee, said in a letter dated Thursday. The app, which Congress has already banned from federal government devices, has come under increasing criticism because of concern that China’s government could use… Source link

Sen. Michael Bennet, D-Colo (Photo By Bill Clark/CQ Roll Call) CQ-Roll Call, Inc via Getty Images The move signals growing bipartisan concern about the world’s most popular app. Colorado Senator Michael Bennet (D) has called on Apple and Google to remove TikTok from their app stores, citing concerns that the app could share private American user data with China or be manipulated by the Chinese government to subtly influence U.S. public discourse. In a letter sent to the companies on… Source link

Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results. Video Transcript SEANA SMITH: Well, it is a big tech trifecta. Amazon, Apple, Alphabet all reporting after the bell tomorrow. Here with what we can expect, we have Yahoo Finance’s seniors tech reporter Allie Garfinkle and tech editor Dan Howley here. We got all of your bases covered because tomorrow is certainly going to be a busy day after the bell. Allie, let’s kick it off… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Feb. 1, 2023 Apple’s upcoming earnings could be a bellwether for the rest of the industry Apple (AAPL) will report its first quarter earnings after the bell on Thursday. The announcement follows a string of stinging reports from tech companies including Intel (INTC), Snap (SNAP), and… Source link

The announcement came through a long-awaited Commerce Department report published Wednesday accusing Apple and Google of running online app markets that harm developers and consumers. Officials specifically called out how the companies restrict app downloads to their proprietary stores and provide developers little transparency into their review processes. “From finding directions to chatting with loved ones, apps are a critical tool for consumers and an essential part of doing business… Source link

The mega cap stocks known as FAANG are offering rare, deep discounts since like Amazon is trading 47% off their all-time high and Meta off 62%. Similarly, Alphabet and Meta are trading significantly lower to its historical average valuation. Despite these price cuts, FAAMG comprise 17.4% of the S&P 500. We believe it’s prudent to watch these names closely, as generally speaking, they have strong balance sheets, healthy margins and defensible competitive positioning. This week, the… Source link

Opening up another front in the increasing tensions between Big Tech and Washington, the Biden administration released a new report Wednesday that outlined what they say are a host of anticompetitive practices inside the nation’s biggest mobile app stores. The report from the Department of Commerce’s National Telecommunications and Information Administration (NTIA) concluded that “the current mobile app ecosystem, and especially the current app store model, is harmful to consumers and to… Source link