Reports revealed that Apple Inc. plans to launch a new low-cost 5G iPhone and iPad on or near March 8. The launch would be the first since October 2021, when the company unveiled new MacBook Pro laptops. Accordingly, markets expected the iPhone maker to hold a virtual live stream launch. Apple Inc. has held online …
Apple Inc. Plans to Launch Low-Cost iPhone and iPad Read More »
Qualcomm Inc. delivered a strong outlook for the fiscal second quarter as smartphone chip sales soared in the holiday period. In the company’s latest guidance, the estimated adjusted earnings were between $2.80 to $3.00 per share. The projection edged up from the average analysts’ estimate of $2.51. Consequently, the world’s largest chipmaker forecasted a revenue …
Qualcomm Gives Solid Outlook as Phone Chip Sales Soar Read More »
PayPal Holdings, Inc. projected slower growth in the first quarter, pointing to several factors contributing to the cautious outlook. Currently, the financial technology company faces inflationary pressures, weaker consumer sentiment, and a supply crunch. The said problems have a more pronounced impact on spending, specifically among the firm’s lower-income customers. At the same time, PayPal …
PayPal Projects Slower Growth in the First Quarter Read More »
Apple Inc.’s latest sales and profit surpassed the market forecasts as the costly global chip shortage eases. The iPhone maker’s total net revenue posted an annual increase of 11.00% to $123.90 billion, above the consensus of $118.66 billion. Accordingly, Apple beat analysts’ average estimates for sales in every product category except for iPads. Its iPhone …
Logitech International S.A. reported a 2.00% decline in third-quarter sales as it lapped tough comparisons from a year earlier. The sales of the Swiss computer peripherals-maker declined to $1.63 billion in the three months ending December 2021. The figure came in lower than the $1.66 billion in the same period of 2020, where the pandemic …
Data compiled by technology company Dealogic showed that US big tech placed more deals in 2021 over the decade. The rapid pace came despite the antitrust push of American lawmakers. Heavyweight Microsoft Corporation announced 56 agreements last year. Its aggregate deal volume posted at $25.70 billion, a ten-year high. In 2022, its $69.00 billion acquisition …
US Big Tech Placed More Deals Despite Antitrust Push Read More »
Ford Motor Company announced that it had signed a five-year agreement with Stripe, Inc. to bolster the automotive giant’s e-commerce strategy. The vehicle maker’s financial arm, Ford Motor Credit, will use the technology of the online payment company for its services. The deal targets to process digital payments in North America and Europe markets. Correspondingly, …
Ford Inks Five-year Deal with Stripe to Push E-Commerce Read More »
On Tuesday, Facebook, now Meta Platforms, lost its second attempt to dismiss the antitrust lawsuit filed by the Federal Trade Commission (FTC). US District Judge James Boasberg rejected the motion to dismiss charges of illegal monopolization against the tech giant. He noted that the government agency had a plausible case that should be allowed to …
Facebook Loses Attempt to Dismiss FTC Antitrust Lawsuit Read More »
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