Apple beats Q3 earnings expectations, posts revenue of $59.7 billion, unveils 4-1 stock split

Apple delivers blowout earnings, strong iPhone revenue despite COVID-19 Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The report topped Wall Street expectations, with even some long-overshadowed […]

Zuckerberg goes off-script, blasts Apple and Google in congressional testimony

During the Wednesday (July 29, 2020) testimony before a Congressional antitrust panel, Mark Zuckerberg went off-script a little bit – at least the script we expected – pointing out how Facebook Inc. lags behind a number of competitors, including Alphabet Inc., Amazon.com Inc. and Apple Inc. Zuckerberg isn’t hesitating to use some sharp elbows, pointing […]

Samsung profit up 23% on strong chip sales

Seoul: Samsung Electronics Co Ltd said on Thursday it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, but risks remained due to coronavirus pandemic and growing competition. Samsung posted a 23 per cent jump in operating profit in the April-June quarter on the back […]

Renault gets run over by an $8.58b first-half 2020 loss

Paris: Renault SA swung to a record first-half loss as the French carmaker grappled with a sharp market downturn and increasingly dismal results from partner Nissan Motor Co. The 7.29 billion euro ($8.58 billion) net loss underlines the challenges facing the manufacturer, which is slashing costs and trying to repair relations with its Japanese alliance […]