On Tuesday, reports revealed that Apple Inc. recently cut back its iPad production to supply more components to iPhone 13 due to the global chip crunch. The implication of the worldwide supply bottleneck hit harder
On Monday, stocks of Xpeng Inc. soared after the Chinese electric-vehicle maker reported solid sales for October. Its Hong-kong listed shares boosted 2.70% to $23.99, supporting its Friday gain of 1.28% to $23.40 per share.
Amazon shares declined by more than 4% in extended trading on Thursday. The slump came the firm reported weaker-than-anticipated results for the third quarter and delivered disappointing guidance for the critical holiday period. The firm is reckoning
The ride-hailing giant, Uber, reported that Hertz just ordered 100,000 Tesla. According to Hertz, it will supply half of that fleet by 2023 to Uber drivers who want to rent the vehicles. The car rental
Microsoft shares rose 2% in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that beat analysts’ estimates. According to the statement, total company revenue boosted around 22% year over year.
The latest data showed that Tesla’s sales in China are now nearly half the size of what the company sells in the U.S. Elon Musk’s electric vehicle company reported sales of $3.11 billion in China
U.S. payments giant PayPal announced Sunday that it is not currently interested in buying social media platform Pinterest. Responding to “market rumors,” the financial technology firm said in an update on its website that it
The search giant Google announced that it’s lowering service fees in its app store after a similar move by Apple. As we know, both firms face pressure from lawmakers and regulators to make their mobile
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