profit

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

2 months 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

2 months 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

2 months 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…

2 months 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

4 months 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

5 months 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

5 months 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

5 months 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…

8 months 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…

8 months 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

8 months 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…

8 months 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

10 months ago

Apple Shares Fall, Amid Weak iPhone Sales

Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes

11 months ago

Samsung Extends Chip Production Cuts After $7 Billion Loss

Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the…

11 months ago

Facebook Parent Meta Profits From Advertising Increase

Year of efficiency paying off for Mark Zuckerberg, as Meta enjoys a strong second quarter thanks in part to advertising…

11 months ago

Samsung Warns Of 96 Percent Q2 Profit Plunge

Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent

12 months ago

Apple Depressed Results Beat Expectations, Thanks To iPhone Sales

Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales

1 year ago

Intel Posts Largest Ever Quarterly Loss, But Shares Rise

Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price…

1 year ago

Meta Pleases Investors After Sales Rise, As Profits Dive

Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters…

1 year ago

Netflix Ends DVD By Post, Amid Password-Sharing Crackdown

Mostly positive results from Netflix, as streaming giant winds down legacy DVD via post program and expands password crackdown

1 year ago

Samsung To Cut Chip Production Amid Profit Decline

Electronics giant Samsung will make “meaningful” cut to chip production, amid global downturn in semiconductor demand

1 year ago

Alphabet Earnings Miss Expectations, As YouTube Declines

Google parent Alphabet has felt the impact of reduced advertising spending, after its latest financials mostly missed Wall Street expectations

1 year ago

Apple Disappoints By Missing Wall Street Expectations

Financial results from Apple highlight weakening consumer demand, as it insists iPhone production problems are over

1 year ago

Meta Pleases Investors With ‘Year Of Efficiency’ Pledge

After heavy Metaverse spending in 2022, Mark Zuckerberg points to cost savings in 2023 after big drop in profits in…

1 year ago