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 than previously indicated by the tech giant. Moreover, the business lost 0.11% or 0.16 points to $148.78 in the after-hours …
Apple Trims iPad Production to Allocate Chips to iPhone 13 Read More »
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 with a decelerating sales surge as customers return to physical stores and Amazon faces supply chain challenges. Revenue in the …
Amazon Misses on Earnings and Revenue, Declining 4% Read More »
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 companu signed a deal to provide the used car retailer Carvana with cars coming out of its rental fleet. As …
Tesla will supply Uber drivers who want to rent cars Read More »
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. That’s the fastest growth since 2018. Meanwhile, revenue surged 21% in the previous quarter. Microsoft reported $20.5 billion in net …
Microsoft Reported 22% Growth, Beating Expectations Read More »
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 in Q3 of the year. Remarkably, it is 48.5% of the $6.41 billion U.S. sales during that time. It is …
Tesla’s Sales in China Are Half the Size of Its U.S. Sales Read More »
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 is not pursuing an acquisition of Pinterest at this time. PayPal shares increased 6.2% to $255.20 in premarket trading on …
PayPal Is Not Currently Interested in Buying Pinterest Read More »
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 stores more accessible to developers. According to Google, the service fee for subscriptions in the Google Play store will decrease …
Google Is Lowering Service Fees in Its App Store Read More »
Facebook digital wallet NOVI, after a 2-year wait, has finally arrived in the US and Guatemala. This is a pilot test before the operation is extended. NOVI will allow users to send and receive money safely and quickly without paying any additional fees. So far, the only cryptocurrency it supports is Paxos Stablecoin. At the …
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