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Sunday, October 24, 2021
New earnings report shows Microsoft’s shift to cloud and subscriptions is working

New earnings report shows Microsoft’s shift to cloud and subscriptions is...

Enlarge / Xbox Series X, due in late 2020. It's tall. And it has a modified controller compared to the Xbox One pad. The gauntlet of tech earnings reports has mostly come to a close, and there's a wide range of performance. Almost every part of the tech industry has been rattled by COVID-19, but…
In an unusual investor call, Apple reports flat quarterly earnings amid COVID-19

In an unusual investor call, Apple reports flat quarterly earnings amid...

Enlarge / Apple CEO Tim Cook. Despite disruptions to both supply and demand caused by the global COVID-19 pandemic, Apple posted $58.3 billion in revenue in its second quarter, eking out 1 percent growth over last year's second quarter. This beat some recent expectations by investors, but it falls well behind the $63-67 billion guidance…
Tesla stock leaps after unexpected profit

Tesla stock leaps after unexpected profit

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Enlarge / Tesla's Shanghai battery factory. There were plenty of reasons to expect Tesla to show a loss in the first quarter of 2020. The quarter began with the expiration of the federal electric vehicle tax credit—at least for Tesla customers. It ended with the fast-spreading coronavirus pandemic forcing lockdowns around the world. That dampened consumer…
Amazon reports big earnings, crosses $1 trillion in value

Amazon reports big earnings, crosses $1 trillion in value

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Enlarge / Jeff Bezos, founder and chief executive officer of Amazon.com Inc. Amazon delivered its final quarterly earnings report for the 2019 fiscal year today, and investor response to a largely positive report describing big holiday sales and AWS performance drove the company's market cap above $1 trillion. Amazon told investors that it achieved $87.4…
Microsoft’s Azure is still growing fast to take on AWS, but Xbox is still struggling

Microsoft’s Azure is still growing fast to take on AWS, but...

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Enlarge / Xbox Series X, due in late 2020. It's tall. And it has a modified controller compared to the Xbox One pad. Today, Microsoft CEO Satya Nadella spoke with investors on the company's quarterly earnings call to share some numbers about Microsoft's performance in the second quarter of the 2020 fiscal year, which ended…
Apple reports a blowout Q1 2020, but names coronavirus as a worry for the next quarter

Apple reports a blowout Q1 2020, but names coronavirus as a...

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The introduction of Apple AirPods Pro played a key part in driving a strong quarter for Apple. Seen in the wild in this marketing shot, the new Airpods are only marginally different from their predecessors. They come with a charging case similar to the one that comes with the original AirPods. Users are able to…
Microsoft beat expectations with strong Windows profits, however Xbox had a rough quarter

Microsoft beat expectations with strong Windows profits, however Xbox had a...

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Enlarge / The 13.5-inch Microsoft Surface Laptop 3. Microsoft beat analyst expectations in its quarterly earnings report, achieving $33.06 billion in revenue in the start of its first 2020 fiscal quarter (which ended September 30) compared to a projected $32.23 billion. That's a 14% increase over the same quarter the prior year. Much of the…
200 GameStop closures prepared ahead of “a much bigger tranche” coming

200 GameStop closures prepared ahead of “a much bigger tranche” coming

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Major gaming retailer GameStop says it will be closing "between 180 and 200 underperforming stores" in the next six months. That statement comes following 195 store closures in the last 12 months and what the company says it expects will be "a much larger tranche of closures over the coming 12 months to 24 months."…
Teladoc’s Q2 incomes light up telemental health’s strengths and possible dangers (TDOC)

Teladoc’s Q2 incomes light up telemental health’s strengths and possible dangers...

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New York-based telehealth provider Teladoc saw revenue jump almost 38% year-over-year (YoY) to $130 million in Q2 2019, beating industry forecasts, per Healthcare Dive. Business Insider Intelligence The company's quarterly visits also spiked 70% YoY to 900,000 this quarter, thanks in large part to the strength of its behavioral health business; the company projects its…
Practically every Apple organisation grew in every area this quarter– other than the iPhone

Practically every Apple organisation grew in every area this quarter– other...

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Enlarge / Apple CEO Tim Cook. Today, Apple reported its Q3 2019 earnings to investors. Overall revenue is up 1% over the same quarter last year, reaching $53.8 billion. Apple CEO Tim Cook framed the report to investors as "a blowout quarter" for wearables, citing strong demand for the Apple Watch and AirPods as well…

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