profit

Mark Zuckerberg: Frances Haugen’s Allegations Don’t Make Sense

Mark Zuckerberg rejects Frances Haugen’s testimony that Facebook puts profits before people's safety, and says many of her allegations don't…

3 months ago

Amazon Online Sales Growth Slows Amid Lockdown Easing

Growth for online shopping at Amazon settles down to more normal levels after the pandemic boost, but AWS continues to…

6 months ago

Facebook Warns Of ‘Significant’ Slowdown In Growth

Social networking giant Facebook records fastest growth since 2016, but warns annual revenue growth will slow “significantly”

6 months ago

Microsoft Thrives Thanks To Azure Growth

Software giant posts record results, as certain business segments (Azure) thrive during Coronavirus pandemic, but others struggle

6 months ago

Apple Posts Record Breaking Profit, But Warns Of Chip Shortage

Apple's earnings juggernaut continues, as strong sales of iPhones continues to drive up profits, but chip shortage looms

6 months ago

Intel Warns Chip Shortage Could Last Until 2023

CEO Pat Gelsinger said chip ecosystem recovering, but supply chain is stilled stressed, with chip shortages to last until 2023

6 months ago

Amazon Posts Record Results, As Prime Video Catches Netflix

E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong…

9 months ago

Apple Profits Double As Users Upgrade To 5G iPhones

Apple reaps reward from strong spending on Macs, apps and iPads during lockdown, coupled with people upgrading to 5G iPhones

9 months ago

Alphabet Posts Record Growth During Pandemic

What pandemic? Strong performance in advertising sales and cloud business drives profits and revenues at Google parent Alphabet

12 months ago

Jeff Bezos To Step Down As Amazon CEO

Bombshell. Amazon founder and one of the richest men in the world, Jeff Bezos, will step down as CEO in…

12 months ago

Facebook To Reduce Political Content After Posting Healthy Profit

Mark Zuckerberg admits platform is looking at ways to reduce political content in news feeds, after it posts billion dollar…

12 months ago

Apple Reaps Benefit From Soaring Pandemic Sales

Firm finishes 2020 with its most profitable ever quarter, thanks to soaring pandemic sales of iPhones, iPads and Macbooks

12 months ago

Apple Posts Biggest iPhone Sales Fall In Two Years, After Handset Delay

Mixed results. Delayed launch of the iPhone 12 by several weeks sees Apple post its largest decline in iPhone sales…

1 year ago

Apple Delays iPhone 12, As Sales Shrug Off Virus Gloom

What pandemic? Apple defies store closures, stalling economies and the global Coronavirus pandemic to deliver strong financials

1 year ago

Twitter Mulls Subscription Options, As Ad Revenue Plummets

Coronavirus hits Twitter's advertising revenue, causing senior management to mull alternative ways to make money from users

1 year ago

Amazon Tells Investors To ‘Take A Seat’ As Spending Rises

Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus…

2 years ago

Apple Profits Dip But Sales Rise, Amid Global Pandemic

Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global…

2 years ago

Facebook Advertising Growth Slows Amid Pandemic

The global slowdown in the digital advertising market due to the Coronavirus pandemic, slows advertising revenue growth at Facebook

2 years ago

Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’

Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns 'fascist' and 'not democratic'

2 years ago

Coronavirus: Google Profits Rise, But Warns Of Pain Ahead

Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite

2 years ago

Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change

Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast

2 years ago

Google Disappoints After Revealing YouTube’s $15 Billion Revenue

Strong financials from Google's parent, as it reveals for the first time the turnover of YouTube and Google Cloud business

2 years ago

Microsoft Cloud Growth Pleases Wall Street

Microsoft is now worth $1.25 trillion after stock price rise thanks to continued growth of Redmond's Azure cloud business

2 years ago

Facebook Shares Fall Amid Sharp Rise In Costs

Social networking giant delivers strong financial results, but investors took fright at big increase in expenses and costs

2 years ago

Apple Pleases With Strong Sales Of iPhone 11

Strong growth at Apple propels its market valuation close to $1.4 trillion amid buoyant iPhone sales, even in China

2 years ago

Facebook Shrugs Off Scandals With Strong Financials

What crisis? Profit and revenue surge over 20 percent at Zuckerberg's house, despite a torrid year

2 years ago

Apple Profits Slide, As Cook Points To Wearable Growth

Profits and year revenues at Apple slide amid slow iPhone sales, but sales from wearables and services rose

2 years ago

Microsoft Reaps Cloud Growth Benefits, But Surface, Xbox Struggle

Cloud focus continues Microsoft's momentum, amid warning signs over Xbox and Surface performance

2 years ago

IBM Profit Slumps As Tech Services Struggles

Big fall in profits at Big Blue as tech services division declines, as does IBM's systems division

2 years ago

Oracle co-CEO Mark Hurd Takes Medical Leave Of Absence

Former CEO of HP is to take leave of absence for unexplained medical treatment, as Oracle financials miss expectations

2 years ago