Apple forecast revenue for the current quarter ending in September well above Wall Street’s estimates on Thursday, sending shares up despite a warning from CEO Tim Cook that US tariffs would add $1.1 billion in costs over the period. As the centerpiece of US President Donald Trump’s trade war, those tariffs cost Apple $800 million … Read more
Xbox Game Pass generated nearly $5 billion (roughly Rs. 43,791 crore) in revenue over the past year, Microsoft confirmed at its fourth-quarter FY 2025 earnings call on Wednesday. The company said its game subscription service had performed better than its expectations in fiscal year 2025 that ended June 30. The Xbox parent did not share … Read more
Bitcoin miner MARA Holdings (MARA) shares jumped nearly 4% in post-market trading after the company posted record revenue for its second quarter, beating Wall Street's expectations. MARA reported revenue of $238.5 million, a 64% rise from $145.1 million in the same quarter a year ago, according to an earnings presentation. The mining firm said the … Read more
Have you heard of disguised unemployment? It refers to a situation where a portion of the workforce appears to be employed, but isn't contributing to the economy's output. Consider the massive capital expenditure loss from ghost cities, which represent unoccupied infrastructure. Something similar can be said for the top smart contract blockchains, which hosts hundreds … Read more
Microsoft is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts casting doubts whether the company can maintain its annual outlook in the face of a PC market slowdown and a strong dollar. A spike in inflation this year has fanned worries of a global economic slowdown … Read more
Microsoft on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit. Revenue growth in the first quarter was Microsoft‘s lowest in five years, and shares of the software giant fell 7 percent in extended trading. Microsoft’s cloud … Read more
US video game giant Activision Blizzard, which Microsoft is in the process of buying, on Monday reported lower sales for the fourth straight quarter, but said the success of its latest Call of Duty installment broke records. The group saw its revenue decline in the third quarter by 14 percent to $1.78 billion(roughly Rs. 14,500 … Read more
Apple Intelligence might become a new revenue channel for the company in the future, as per a report. The Cupertino-based tech giant announced its suite of artificial intelligence (AI) features dubbed Apple Intelligence at the Worldwide Developers Conference (WWDC) 2024. Once it rolls out, users will get features like the AI-powered Siri, Writing Tools across … Read more
HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic … Read more
Better cost controls helped Dell Technologies beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue below Wall Street targets and warned that IT spending would stay … Read more