Apple beats on Q4 earnings after strong quarter for wearables, services

Apple’s iPhone sales still make up over half of its quarterly revenues, but they are slowly shrinking in importance as other divisions in the company pick up speed. Apple’s stock remained largely unchanged after-hours following the release of its Q4 earnings. The company delivered earnings per share of $3.03 versus the street’s estimate of $2.84 […]

Facebook shares rise on strong Q3, users up 2% to 2.45B

Despite ongoing public relations crises, Facebook kept growing in Q3 2019, demonstrating that media backlash does not necessarily equate to poor business performance. Facebook reached 2.45 billion monthly users, up 1.65%, from 2.41 billion in Q2 2019 when it grew 1.6%, and it now has 1.62 billion daily active users, up 2% from 1.587 billion […]

Elon Musk predicts Tesla energy could be ‘bigger’ than its EV business

Tesla CEO Elon Musk forecast that the company’s energy business will eventually be the same size as — or even bigger than — its automotive sector, the latest sign that the company plans to put more time and resources to scaling up its solar and storage products. “It could be bigger, but it will certainly be of […]

iPhones have weak quarter, but wearables are doing great

As anticipated, Apple’s hardware numbers were a mixed bag during today’s fiscal Q3 earnings report. Apple continues to shift much of its resources to services and content, including a billion-dollar push into Apple TV+. But while iPhone number were down, things weren’t all bad on the device front. Notably, wearables are up in a big […]

Apple’s services revenue grows 13% year-over-year

One of the constant refrains about Apple in 2019 is its shift toward services — a trend that’s reflected, once again, in its third-quarter earnings release. In fact, the release trumpets the “all-time high” for services revenue in its headline, while a statement from CEO Tim Cook describes this as “our biggest June quarter ever […]

Apple’s revenue growth slows as iPhone sales dip 12% year-over-year

Apple just released its Q3 earnings and it had a solid June quarter, outperforming analyst expectations. The company reported $53.8 billion in revenue and $2.19 earnings per share. The company’s stock popped 4% on the news. Apple’s June quarter revenue showcases just how much revenue growth has been slowing for the company. The Q3 2019 […]

Following record FTC fine, Facebook stock pops on Q2 earnings beat

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion. Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of […]

Tencent’s mixed bag for Q1: record profit despite weakest revenue growth yet

Tencent, Asia’s largest tech firm, had a horrific 2018 on account of a country-wide freeze on new game monetization in China, but there’s evidence it has turned the corner. The company’s new mobile gaming hit, Game for Peace, has yet to kickstart the company’s recovery from a few weakening quarters, but its booming financial technology […]

Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money

LG was once a stalwart of the smartphone industry — remember its collaboration with Facebook back in the day? — but today the company is swiftly descending into irrelevance. The latest proof is LG’s Q1 financials, released this week, which show that its mobile division grossed just KRW 1.51 trillion ($1.34 billion) in sales for […]

Apple’s stock jumps 5% after beating expectations

Apple released earnings for its fiscal second quarter today, reporting revenue of $58 billion, a decline of 5% from the year-ago quarter, and quarterly earnings per diluted share of $2.46, down 10%. International sales accounted for 61% of the quarter’s revenue. The market apparently approves. Apple’s shares have jumped $10 apiece since the earnings were […]