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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Disney-Apple Sale: Returning CEO Bob Iger Shuts It Down as ‘Pure Speculation’
After returning to his position as Disney CEO last week, Bob Iger held his first company-wide meeting with employees, addressing dealmaking questions, the company’s stance on LGBTQ+ inclusion, and the hiring freeze implemented by ex-CEO Bob Chapek. Iger shot down the idea of Apple acquiring Disney as “pure speculation,” adding that he won’t...
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Apple Profit Rises Even As Inflation, Spending Cuts Hit Tech
Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation.
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Netflix Says It Laid Off 2 Percent Staff Due to Slowing Revenue Growth, Loss of Subscribers
Netflix says it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. About 150 employees have been laid off, most of them in the United States, and Netflix will also cut spending on contractors.
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Google Play to Cut App Store Fee by Half on Developers' First $1 Million in Sales
Google will cut the service fee it charges developers on its app store by half on the first $1 million (roughly Rs. 7 crore) they earn in revenue in a year, after a similar move by rival Apple last year.
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Apple's Smaller Rivals Unite to Fight iPhone App Store Rules
Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giants run their app stores.
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Apple Subsidised Amazon App Store Fee to Get Prime Video on Board, Documents Reveal
Amazon CEO Jeff Bezos and Apple Senior VP Eddy Cue directly negotiated this deal. Based on Cue’s emails, Apple agreed on taking a 15 percent cut from revenue earned through subscriptions the Prime Video app on the App Store, and it won’t share any revenue from customers who sign-up elsewhere or have already subscribed before installing the app ...
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WWDC 2020: Apple Expected to Sell Developers on Building New Apps Amid Pushback
Apple will walk into its annual development conference facing one of the biggest backlashes from its giant community of creators since the App Store started almost 12 years ago.
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Apple Must Face Shareholder Lawsuit Over CEO's iPhone, China Comments: Judge
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.
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Coronavirus Outbreak: Apple Supplier Skyworks Cuts Forecasts on Supply Chain Hit
Skyworks Solutions, which supplies radio chips to Apple’s iPhones, cut its quarterly results forecasts on Wednesday, saying the coronavirus had disrupted distribution while stressing its largely Asia-based production facilities had been little affected.
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iPhone 11 Launch Timing, Price Cuts Drive Apple's Uncertain China Rebound: Analysts
Apple managed to largely stem a fall in China revenue in the September quarter thanks to the release-timing of the iPhone 11, a cheaper variant, and a bit of good luck, but analysts said the company's good fortunes might be short-lived.
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Apple Optimistic as Accessories, iPhone Price Cuts Help China Sales
Sales of iPhones, which account for more than half of all revenue, fell 17 percent in the fiscal second quarter from a year earlier.
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Foxconn Says Trying to Hire 50,000 People in First Quarter After Job Cut Reports
Foxconn, assembler of Apple's iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs.
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Apple Suppliers Lower 2019 Forecast After ‘Extraordinary’ Drop in Chinese iPhone Demand
The drop in the Chinese demand for iPhone models is forcing many Asian Apple suppliers to cut their 2019 forecasts.
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Apple Said to Plan Hiring Reduction Due to iPhone Sales Struggles
Apple will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, Bloomberg reported.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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Disney-Apple Sale: Returning CEO Bob Iger Shuts It Down as ‘Pure Speculation’
After returning to his position as Disney CEO last week, Bob Iger held his first company-wide meeting with employees, addressing dealmaking questions, the company’s stance on LGBTQ+ inclusion, and the hiring freeze implemented by ex-CEO Bob Chapek. Iger shot down the idea of Apple acquiring Disney as “pure speculation,” adding that he won’t...
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Apple Profit Rises Even As Inflation, Spending Cuts Hit Tech
Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation.
-
Netflix Says It Laid Off 2 Percent Staff Due to Slowing Revenue Growth, Loss of Subscribers
Netflix says it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. About 150 employees have been laid off, most of them in the United States, and Netflix will also cut spending on contractors.
-
Google Play to Cut App Store Fee by Half on Developers' First $1 Million in Sales
Google will cut the service fee it charges developers on its app store by half on the first $1 million (roughly Rs. 7 crore) they earn in revenue in a year, after a similar move by rival Apple last year.
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Apple's Smaller Rivals Unite to Fight iPhone App Store Rules
Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giants run their app stores.
-
Apple Subsidised Amazon App Store Fee to Get Prime Video on Board, Documents Reveal
Amazon CEO Jeff Bezos and Apple Senior VP Eddy Cue directly negotiated this deal. Based on Cue’s emails, Apple agreed on taking a 15 percent cut from revenue earned through subscriptions the Prime Video app on the App Store, and it won’t share any revenue from customers who sign-up elsewhere or have already subscribed before installing the app ...
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WWDC 2020: Apple Expected to Sell Developers on Building New Apps Amid Pushback
Apple will walk into its annual development conference facing one of the biggest backlashes from its giant community of creators since the App Store started almost 12 years ago.
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Apple Must Face Shareholder Lawsuit Over CEO's iPhone, China Comments: Judge
A federal judge said Apple Inc must face part of a lawsuit claiming it fraudulently concealed falling demand for iPhones, especially in China, leading to tens of billions of dollars in shareholder losses.
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Coronavirus Outbreak: Apple Supplier Skyworks Cuts Forecasts on Supply Chain Hit
Skyworks Solutions, which supplies radio chips to Apple’s iPhones, cut its quarterly results forecasts on Wednesday, saying the coronavirus had disrupted distribution while stressing its largely Asia-based production facilities had been little affected.
-
iPhone 11 Launch Timing, Price Cuts Drive Apple's Uncertain China Rebound: Analysts
Apple managed to largely stem a fall in China revenue in the September quarter thanks to the release-timing of the iPhone 11, a cheaper variant, and a bit of good luck, but analysts said the company's good fortunes might be short-lived.
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Apple Optimistic as Accessories, iPhone Price Cuts Help China Sales
Sales of iPhones, which account for more than half of all revenue, fell 17 percent in the fiscal second quarter from a year earlier.
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Foxconn Says Trying to Hire 50,000 People in First Quarter After Job Cut Reports
Foxconn, assembler of Apple's iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs.
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Apple Suppliers Lower 2019 Forecast After ‘Extraordinary’ Drop in Chinese iPhone Demand
The drop in the Chinese demand for iPhone models is forcing many Asian Apple suppliers to cut their 2019 forecasts.
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Apple Said to Plan Hiring Reduction Due to iPhone Sales Struggles
Apple will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, Bloomberg reported.
