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 »
China’s digital yuan wallet app became one of the country’s most downloaded applications last week, flagging disruption in the consumer payment market. The pilot mobile app, which launched last January 4, has already achieved 16.00 million downloads. Accordingly, reports showed that 2.00 million people downloaded the app through the Apple store. Then, there are an …
Tesla CEO Elon Musk mentioned that the firm would lift the price of its Full Self-Driving software from $10,000.00 to $12.000.00. Musk posted the announcement on Twitter last Friday. He indicated that the price adjustment would only be applicable for customers in the United States starting January 17. The 20.00% hike came less than two …
Tesla Increases Full Self Driving Software Price to $12K Read More »
On Friday, Samsung Electronics Co., Ltd. stated that it forecasted its fourth-quarter operating profit to hike. Accordingly, the strong demand for server memory chips bolstered the gain. In its earnings guidance, the South Korean tech giant expected an increase of 52.00% to $11.50 billion. Remarkably, the latest estimate was the highest quarterly figure in four …
Samsung Electronics Expects Rise in Q4 Profit on Chip Demand Read More »
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