Earnings
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Google’s Diane Greene says billion dollar cloud revenue already puts them in elite company
It has long been believed that the big three in the cloud consisted of AWS, Microsoft and Google with IBM not doing too badly either, but in its earnings call with analysts today, the company revealed it’s pulling in a billion dollars a quarter in combined cloud revenue. That’s a figure that Google’s Diane Greene says already puts her company on elite footing, but which is… Read More
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iPhone sales numbers dipped slightly, but revenue is up courtesy of the iPhone X
As far as sales figures go, this last quarter wasn’t entirely rosy for Apple. During today’s earnings report, the company posted sales of 77.3 million iPhones, down just under a million from this time last year. Of course, that 78.2 million figure from 2017 represented a new record for the company. But Wall Street still expected another increase, up to 80.2 million phones for… Read More
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Apple’s $1T dreams are on hold as it misses on iPhone sales in the holiday quarter
Apple’s dream of becoming a $1 trillion company will have to wait — at least for a little while. But while iPhone sales this year were about flat (down about 1% to be exact), revenue from the iPhone rose 13% year-over-year. That means Apple is finding ways to get more revenue out of the same number of units, so it may indeed be finding demand for higher-priced phones amid the… Read More
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Alphabet is tumbling after a fourth quarter whiff and names John Hennessy as new board chair
Google parent company Alphabet’s big run over the past few months came to a screeching halt today after it came out with its fourth-quarter results, which fell beneath expectations set by Wall Street for the advertising giant — sending the stock down around 5 percent and shaving off billions in market cap. Read More
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Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter
Microsoft posted a relatively good second quarter this year that continued the ongoing process of its growth into a major cloud entity, in addition to saying it would be taking a significant charge as part of changes to U.S. tax law. Nintendo’s Switch took just 10 months to outsell the Wii U
Nintendo’s Switch has only been on sale for 10 months but already it has outsold its predecessor, the Wii U, the flop that heralded Nintendo’s first step into hybrid gaming. The Japanese tech giant shifted a little over 13.5 million Wii U consoles across its entire lifecycle, and today Nintendo revealed that the Switch has reached 14.86 million sales to date. Business was so… Read More
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Samsung topples Intel to become the world’s largest chipmaker
Samsung has ended Intel’s 25-year run as the world’s biggest seller of chipsets after it posted its 2017 end of year financials. The Korean tech giant’s chipset division — which has long been its biggest hitter — grossed total revenue of $69 billion in 2017, eclipsing the $62.8 billion Intel reported for last year. That was a record year for Intel — and… Read More
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Netflix is now worth more than $100B
Netflix crossed a fun milestone today, crossing the $100 billion mark for its market cap as it once again surprised industry observers with better-than-expected growth in its subscribers. We’ll get to the financial numbers in a minute but, as usual, the big story here is that it continues to wow Wall Street with impressive growth in its subscriber numbers. The company said it added… Read More
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IBM’s year-over-year revenue didn’t decline in the last quarter
Here’s a surprise: After 22 quarters of consecutive year-over-year revenue declines, IBM today reported that its revenue increased from Q4 2016 to Q4 2017. The company reported revenue of $22.5 billion for the last quarter, up from $21.77 billion a year ago. Stitch Fix is crashing after its first-ever earnings report
Stitch Fix’s first earnings report is not going well for the company, as its shares went into a tailspin after a significant run up over the past month following its IPO when it delivered its results its most recent fiscal quarter.
Stitch Fix, a personalized apparel company that ships a box of recommended items that users can buy or send back, closed up just 1% on its first day of… Read More
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