Wall Street Beating

• 

  Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations

  Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...

• 

  Microsoft Forecasts Slower Cloud Business Growth in Second Quarter

  Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.

• 

  Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers

  Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...

• 

  iPhone Sales Help Apple Beat Q4 Estimates, Holiday Forecast Disappoints Amid Weak iPad, Wearables Demand

  Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3 percent in after-hours trading.

• 

  Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates

  Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.

• 

  IT Department Said to Be Considering Tax on Netflix's India Operations: All Details

  Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.

• 

  Call of Duty: Modern Warfare Crossed $1 Billion in Sales Within 10 Days of Launch, Says Activision

  Activision Blizzard beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its Call of Duty franchise. The latest Call of Duty crossed the $1 billion (roughly Rs. 8,275 crore) mark within 10 days of its late-October launch, the company said.

• 

  Netflix Beats Estimates to Reverse Subscriber Slump, Says Ad-Supported Plan to Attract 4.5 Million Subscribers

  Netflix on Tuesday announced that the streaming service had reversed losses in subscribers reported in the previous quarter, adding 2.4 million new subscribers worldwide in Q3 2022. The service said that it expects its recently announced ad-supported streaming option to bring 4.5 million new subscribers to the service by the end of 2022.

• 

  Amazon Subscription Services Grow 10 Percent YoY, Reduces Headcount to 1.52 Million as Revenue Tops Estimates

  Amazon beat revenue estimates even as the company reported its second consecutive quarterly loss. Subscription services have grown 10 percent compared to the prior year, according to the firm. The e-commerce giant revealed that it is making progress in its efforts to controlling some of the excess costs from its massive expansion during the COVID-1...

• 

  Apple’s Paying Subscribers Rise to 860 Million as Company Beats Estimates on Strong iPhone, iPad Demand

  Apple on Thursday reported earnings had beat Wall Street expectations as phone sales in the fiscal third quarter rose 3 percent to $40.7 billion (roughly Rs. 3,20,000 crore), according to the company. Like rivals Snap and Meta, it appears that Apple's advertising business, is also vulnerable to marketing cuts. The Cupertino company also said it n...

• 

  Google Search Ads Beat Targets, Despite Global 'Uncertainty', Recession Risks

  Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world's biggest seller of online advertising may withstand aglobalrecession better than smaller rivals.

• 

  Tesla Q2 Profit Beats Expectations, Elon Musk Reiterates 50 Percent Annual Vehicle Sales Growth Forecast

  Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

• 

  Global Markets Stumble On Recession Fears, Rising Inflation

  European and Asian markets took a beating Thursday after Wall Street suffered one of its worst batterings in two years over recession fears after decades-high inflation.

• 

  Jack Dorsey-Led Block Beats Operating Profit Estimates, Shares Zoom 10%

  Block Inc, the fintech firm led by Twitter co-founder Jack Dorsey, said on Thursday it had not seen a decline in overall consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets.

• 

  Twitter Co-Founder Jack Dorsey's Block Beats Operating Profit Estimates for Q1 2022

  Block, the fintech firm led by Twitter co-founder Jack Dorsey, reported that it had not seen a decline in overall consumer spending through April, after reporting a first-quarter operating profit that topped Wall Street targets.