profit

Apple Warns Trump’s Tariffs Will Raise Costs By $900m

Apple says iPhones sold in US will no longer come from China, as Q2 results show it has so far…

3 months ago

Meta Benefits From Strong Ad Sales, Despite Tariff Concerns

Meta pleases Wall Street as financial results reveal advertising resilience, despite disruption concerns from Trump's tariffs

3 months ago

Microsoft Profit, Sales Rise Amid Trump Economic Woes

Microsoft's financials provide some welcome news for tech sector, as the Q1 GDP of the United States under Trump drops

3 months ago

Alphabet Rises As AI Initiatives Begin To Pay Off In Q1

Boom time. Amid ongoing cost cutting and potential break-up threat, Alphabet profits surge as AI bets start to pay off

3 months ago

Tesla Profits Crash, As Elon Musk Admits Doge “Blowback”

Brand damaged. Elon Musk says he will cut back role at Trump's Doge, amid widespread consumer backlash and poor Q1…

3 months ago

HPE To Axe 2,500 Employees, As Outlook Disappoints

Shares in HPE plummet after FY25 outlook disappoints Wall Street, as it confirmed 5 percent of workforce will lose their…

4 months ago

Nvidia FY25 Profit Rises 130 Percent, Amid AI Boom

Despite stunning financial results Nvidia shares were muted, as concern over new chip costs offset optimism over AI demand

5 months ago

Apple iPhone Sales Dip Over Christmas Period, Despite AI

Despite heavily touting its AI credentials, iPhone sales slipped over Christmas period, as Apple continues to lose ground in China

6 months ago

Elon Musk Seeks To Block OpenAI’s For-Profit Bid

OpenAI's bid to convert to a 'for-profit' organisation is opposed by Elon Musk and co in a federal courtroom

8 months ago

Apple Sales Rise 6 Percent After Early iPhone 16 Demand

Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits

9 months ago

Shares In Nvidia Fall, Despite Record Profits, Sales

Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips

11 months ago

Cisco Confirms Second Round Of Major Job Cuts In 2024

Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or…

11 months ago

Intel To Cut 15 Percent Of Workforce, Suspends Dividend

Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments

12 months ago

Alphabet Q2 Beats Expectations, But Shares Dip

Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines

12 months ago

Apple Announces Record Share Buyback, Amid iPhone Sales Decline

Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets

1 year ago

Microsoft Beats Expectations Thanks To AI Investments

Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher

1 year ago

Meta Declines On Heavy AI Spending Plans, Despite Strong Q1

Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results

1 year ago

Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

1 year ago

Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales

Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark

1 year ago

Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results

Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors

1 year ago

Alphabet’s Ad Revenue Miss Punished By Investors

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

1 year ago

Microsoft Profit Rises 33 Percent Thanks To AI, Cloud

Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation

1 year ago

Apple Disappoints As FY23 Results Decline

Declines for Mac, iPads and wearables, home and accessories, plus gloomy holiday season outlook, dents Apple's Q4 and full year…

2 years ago

Meta Profit Soars From Ongoing Strong Ad Spending

Meta Platforms beats expectations in its Q3 financials, helped by an ongoing uptick in digital ad spend and cost cutting…

2 years ago

Microsoft Q1 Benefits From Cloud Strength

Microsoft beats Wall Street expectations in all categories for its first quarter financial results, helped by strong cloud performance

2 years ago

Microsoft Owes $29 Billion In Back Taxes, IRS Claims

US government alleges Microsoft owes $29 billion in back taxes, but Redmond disagrees and say it will go to court…

2 years ago

Nvidia Reaps AI Chip Demand As Profit Surges

Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips

2 years ago