Friday, November 22

Tag: iab-industries

Apple’s sales fall for the third consecutive quarter
5Aug By adminNo Comments
Technology

Apple’s sales fall for the third consecutive quarter

CNN  —  Apple said Thursday that its revenue slipped 1% to $81.8 billion for its quarter ending July 1, marking the third consecutive year-over-year drop in quarterly revenue for the world’s most valuable company. There were some bright spots, however. The company said its services revenue reached a new all-time high of $21.2 billion. The services business — which includes Apple Music and Apple TV+ — is an increasingly important revenue driver for Apple. Moreover, Apple’s results narrowly beat Wall Street’s estimates for revenue and profit. iPhone revenue came in at $39.7 billion for the quarter, marking an approximately 2% year-over-year decline. Mac revenue was $6.8 billion for the q...
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India restricts laptop imports to boost local manufacturing
4Aug By adminNo Comments
Technology

India restricts laptop imports to boost local manufacturing

CNN  —  India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector. Importers will now need to apply for licenses in order to bring laptops, tablets, personal computers and other electronic devices into the country, according to a notice issued by the Ministry of Commerce and Industry on Thursday. Previously, the import of such items was unrestricted. The ministry didn’t provide a reason for the change in rules, however Modi has aggressively pushed his “Make in India” campaign, which promotes local manufacturing in a bid to create more jobs. It ...
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Amazon’s stock surges as profit jumps and sales jump
3Aug By adminNo Comments
Technology

Amazon’s stock surges as profit jumps and sales jump

New York CNN  —  Amazon (AMZN)’s sales boomed on strong demand in the second quarter for its wide range of products, from fast delivery for Prime deals to ads, fueling a massive jump in profit from a year ago. Sales grew 11% to $134.4 billion. That’s an increase from $121.2 billion in the second quarter of 2022. The number exceeded analyst predictions of $131.4 billion revenue. The stock surged nearly 10% in after-hours trading. Amazon’s stock has risen 52% year to date, one of a handful of tech stocks that has helped power the market higher this year. The company’s profit jumped sharply compared to this quarter last year. Its net income was $6.7 billion in t...
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‘Zelda’ sales breakout juices Nintendo’s aging Switch
3Aug By adminNo Comments
Technology

‘Zelda’ sales breakout juices Nintendo’s aging Switch

Tokyo CNN  —  Japan’s Nintendo on Thursday said it sold 3.91 million units of its Switch console in the April-June quarter, exceeding sales in the same period a year earlier, boosted by the runaway success of its latest “Zelda” title. Investor sentiment has been buoyed by the breakout success of the “The Super Mario Bros. Movie,” which leads this year’s global box office ranking, and praise for video game “The Legend of Zelda: Tears of the Kingdom” which went on sale in May. Nintendo (NTDOF) said it sold 18.51 million units of “Tears of the Kingdom” in the first quarter. The game has a score of 96 out of 100 on reviews aggregator Metacritic, indicating universal acclaim. ...
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