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.
Apple App Store generates more revenues than Google App Store, despite registering fewer downloads than the latter, according to a report by analytics firm App Annie.
Microsoft’s recent earnings report has beaten pessimistic Wall Street predictions with intelligent cloud services seen as the key driver of its future growth.
Recent quarterly results yielded hefty profits for Facebook with 80% of its revenue coming from mobile advertising.
Hilary Clinton has announced her $30 billion plan to help coal communities as the country moves toward clean energy.
Facebook has kicked off its Instant Articles feature, which will bring full news articles from at least nine publishers right on the News Feeds of users. The articles are being hosted by Facebook and will load 10 times faster.
Google always had the edge in terms of number of devices running the operating system and it seems like that edge is paying off. According to a recent report, Android is leading iOS in terms of revenue as well.
Apple recently posted $59B in revenue and net profit of $13.6B in Q2. The company globally sold 61.2 million iPhones and 12.6 million iPads and 4.6 million Macs in Q2.
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.
Facebook will bring NFL clips to its users in a new deal, sources reported.
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.
New York state has decided to ban fracking after a health report revealed several risks involved with the process.
