Technology Market

apple ipod and iphone

Apple Trims iPad Production to Allocate Chips to iPhone 13

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 …

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Amazon misses on earnings and revenue, declining 4%

Amazon Misses on Earnings and Revenue, Declining 4%

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 …

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Microsoft reported 22% growth, beating expectations

Microsoft Reported 22% Growth, Beating Expectations

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 …

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PayPal is not currently interested in buying Pinterest

PayPal Is Not Currently Interested in Buying Pinterest

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 …

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google

Google Is Lowering Service Fees in Its App Store

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 …

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