Sometimes, cyclicality works in Apple’s favor. The tech giant that makes iPhones, iPads and Mac computers is well accustomed to slow summers. The third fiscal quarter ending in June is typically the company’s weakest in sales, thanks mostly to its pattern of launching new iPhones in the fall. And this year’s June quarter may be … Read more
Text size E-commerce sales have slowed as consumers have returned to shopping in stores. David Paul Morris / Bloomberg Heading into the latest earnings season, there was optimism on Wall Street that the tech giants would save the day. No other companies seemed better positioned to deal with the myriad issues plaguing the financial markets. … Read more
Amazon is taking on Shopify by letting some customers sell (and accept payments) directly from their … [+] websites. (Photo by Smith Collection / Gado / Getty Images) Getty Images Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1— Amazon is expanding … Read more
Text size E-commerce sales have slowed as consumers have returned to shopping in stores. David Paul Morris / Bloomberg Heading into the latest earnings season, there was optimism on Wall Street that the tech giants would save the day. No other companies seemed better positioned to deal with the myriad issues plaguing the financial markets. … Read more
Amazon, Apple, Meta and Google-parent Alphabet released figures for the first quarter of this year that showed they are not impervious to turbulence roiling global markets. Tech giants that saw good times during the pandemic are dealing with a “hangover” compounded by inflation and the war in Ukraine, analysts have said after earnings released this … Read more
The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack. As this column told you months ago, profit increases are no longer a given for Big Tech. Collectively, Alphabet Inc. GOOGL, + 3.70% GOOG, + 3.82%, Amazon.com Inc. AMZN, + 4.65%, … Read more
A massive buyback may not be enough for Apple Inc. investors amid the worst month for big tech since the global financial crisis. A massive buyback may not be enough for Apple Inc. investors amid the worst month for big tech since the global financial crisis. The market’s reaction to Alphabet Inc.’s report shows it … Read more
Data has been used to harass and even sexually extort minors. Major technology companies have been duped into providing sensitive personal information about their customers in response to fraudulent legal requests, and the data has been used to harass and even sexually extort minors, according to four federal law enforcement officials and two industry investigators. … Read more
Text size Coming into Wednesday’s trading, Microsoft stock has fallen almost 20% year to date. Gerard Julien / AFP via Getty Images Microsoft shares were rising early Wednesday, with the software maker getting a boost from better-than-expected guidance for its fiscal fourth quarter, and strong demand for its cloud services. Shares of Alphabet (ticker: GOOGL) … Read more
The service faces more challenges than ever – including the return of in-person fun. The streaming wars took a savage turn this past week. Netflix’s earnings report disappointed investors. CNN + dropped out of the game entirely, just a month after launch. The result has been a wave of brutal selloffs, making Netflix the worst-performing … Read more