Tim Cook throws a jab at market naysayers who are painting a gloomy picture of Apple’s long-term profitability following the company’s declining sales in China which the CEO attributed to the country’s own macroeconomic woes. Despite the plummeting sales, Apple still posted the highest ever revenue among its tech rivals.
A U.S. Senate investigation found that Gilead Sciences puts its profits ahead of patients who need life-saving hepatitis C drugs.
Nintendo shared the financial results of the fiscal year ending March 31 in which the company made a small operating profit of ¥24.8 billion ($207 million, £136 million). The company was having a hard time after posting its first annual loss in 30 years in 2011.
Kendall and Kylie Jenner reportedly want to trademark their names.
Apple Watch has the lowest ratio of hardware costs to retail price across any Apple product, according to a new report. Components of the basic model (Sport 38 mm) Apple Watch cost a total of $81.20.
Samsung's first quarter net profit plunged 39 percent as consumers switched to bigger iPhones, squeezing earnings from its mobile business to less than half what they were a year earlier, NYT reported.
Everything is not well for Twitter. The micro-blogging service posted weaker-than-expected financial results for the first quarter on Tuesday, asking investors to reduce their expectations for the rest of the year.
Supercell announced that its apps, Clash of Clans, Hay Day and Boom Beach for iOS and Android helped triple sales and double core profits last year.
Apple has recently posted profits for the last quarter of 2014 which is largest any corporation has ever seen. The company announced sales of $74.6 billion and profit of $18 billion, ending the quarter with $178 billion on hand.
Apple's decision to offer 16GB storage, instead 32GB, in its base model iPhones has been demystified. Reportedly, the company will make an extra $3 billion by simply offering 16GB storage in base model of iPhones.
BlackBerry Ltd has posted a surprising third-quarter operating profit but a disappointing revenue performance. The company reported a profit excluding one-time items of $6 million, or 1 cent a share. The revenue plunged to $793 million, down about 34% from a year earlier.
