Apple’s Revenues Dipped Again in Q4 FY23 in the Worst Streak in 22 Years
Apple’s revenues declined for fourth straight quarter, despite solid iPhone sales, marking the longest slump since 2001
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Apple’s revenues declined for fourth straight quarter, despite solid iPhone sales, marking the longest slump since 2001
The chip designer posted strong top and bottom lines and expects and believes its Artificial intelligence GPUs will start bearing fruit from Q4 onwards
Tesla dropped by 4.79% yesterday to close at $197.36. The catalyst was a disappointing forecast from automotive chip maker ON Semiconductor, which said Q4 sales will be around $2bn, short of Wall Street’s expectations of $2.2bn.
Apple announces its Q4 FY2024 on Thursday November 2, in a challenging period for its business and the stock, which breaches key technical levels after a losing quarter
The ecommerce and tech giant posted another blockbuster quarter, with enhanced profitability, increased advertising sales and signs of stabilization in its cloud business
Microsoft’s financial results for the September quarter came in better than expected. Part of this was due to the company’s cloud computing business. Importantly its Azure cloud business was up 28% on a constant currency basis, better than the 25%-26% company forecast. Of the 28%, three percentage points came from AI services, which bodes well for Microsoft (MSFT.us) as its AI offering are weighted towards the second half of the…
The social media giant continued its comeback with record profit and revenue in Q3, helped by the rebound in advertising, but also warned of softness in the current quarter
The two tech giants at the forefront of artificial intelligence reported strong results on Tuesday, but Microsoft saw an acceleration in cloud revenue due to AI, as Google appears to lag in monetization
The market seems to be cheering Netflix’s (NFLX.us) Q3 results. Released after the market close last week Wednesday, 18 October, the Q3 results showed that nearly 8.8m net new subscribers were added for the quarter. This is the highest number in years.
US oil and gas giant Chevron announced its plans to acquire Hess Corporation, in another sign of the consolidation in the energy industry, just days after ExxonMobil’s deal to buy Pioneer Natural Resources
Tech giants at the forefront of Artificial Intelligence dominate this week’s calendar, with Microsoft, Alphabet, Meta and Amazon reporting
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