Analysts expect Apple to report its first year-over-year revenue decline since the March 2019 quarter when it reports earnings Thursday. There are several contributing factors. The company couldn’t produce enough of its high-end iPhones when its main assembly plant in China was shut down for weeks during the Covid lockdown. Customers in many regions noticed...
McDonald’s reported Tuesday that U.S. customers are visiting its restaurants more frequently, helping the fast-food giant beat Wall Street estimates for fourth-quarter revenue and earnings. For the second quarter in a row, the company saw an increase in domestic traffic, contrary to the industry trend. Many consumers have cut back on restaurant spending in response...
Users faced a cloud failure Wednesday that affected several products, including Teams and Outlook. The U.S. technology giant has now canceled a network change that it believes is responsible for the glitch that left users around the world unable to access several Microsoft 365 services earlier Wednesday. The company also said that some of its...
LG’s Transparent TV Screen LG’s transparent TV screen is not so much about the TV, but about the future of technology. For example, LG already offers transparent screens in the form of doors for shopping centers or walls. Commercially, it looks like this. The TV is transparent, but it shows an image with a brightness...
Samsung unveiled its latest trio of flagship phones. The Galaxy S23, S23+ and S23 Ultra come with incremental improvements that we’ve come to expect from high-end models: a new processor, an updated battery and fancy camera tricks. The one thing that gets attention — and it’s a big one — is the Galaxy S23 Ultra’s...
A look at which companies are making the biggest moves in the premarket: JPMorgan – The bank reported fourth-quarter earnings and revenue before it even sounded a signal that beat Wall Street’s expectations. Nevertheless, it said the moderate recession is now a “major case.” JPMorgan lost nearly 3% in initial trading. Lockheed Martin. – Goldman...
By 2030, at least half of BMW Group vehicles worldwide will be fully electric. This follows from the main presentation of the German car manufacturer at the Consumer Electronics Show in Las Vegas, where BMW Chairman of the Board of Directors Oliver Zips on Wednesday presented a vision of the future of BMW, which is...
Chinese government agencies intend to buy so-called “golden shares” in units of Alibaba Group Holding Ltd. and Tencent Holdings Ltd., suggesting that Beijing is seeking to ensure greater control over key players in the world’s largest Internet arena. The debate comes as Beijing prepares to loosen its grip on the sector and overcome the harsh...
Tim Cook, Apple’s CEO, will cut his salary by more than 40 percent this year. According to the latest official announcement , Tim Cook’s total compensation will be $99.4 million in 2022. His total salary was $13.4 million, including a $3 million salary, $83 million in stock and another $3.4 million in bonuses and incentives....
The Irish Data Protection Commission found that Meta illegally required users to consent to personalized and targeted advertising. Meta will pay about $223 million for violating Facebook’s privacy policy and about $191 million for its actions on Instagram. Meta announced plans to appeal the decision, stating that it believed that its approach to data protection...
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