IDC’s Popal on Apple’s Earnings, Smartphone Competitors

Nabila Popal, Senior Director of Data & Analytics at IDC, discusses the current state of the global smartphone market, highlighting a 7% decline in shipments in the second quarter due to extended upgrade cycles and a memory crisis impacting supply chains. Despite these headwinds, Apple has demonstrated remarkable resilience, achieving double-digit year-on-year shipment growth of 15% and strong iPhone revenue performance. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source:...

Apple’s Profit Increases 27 Percent, Topping Wall Street Expectations

The company recently raised prices on a number of products because of component supply shortages caused by the artificial intelligence boom.

By Kalley Huang

Apple defies smartphone downturn with strong iPhone sales

Smartphone revenue rose more than a fifth as rivals struggle

Apple and Amazon report rising revenues as investors turn on some tech stocks

Both tech companies beat Wall Street predictions on revenue in their second quarters Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amidgrowing concerns over exorbitant AI spending. Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops. Continue reading...

By Nick Robins-Early

AMD and Micron surge, Lam Research climbs 17% as chip stocks rip higher

Strong earnings from Lam Research, Microsoft and Arm boosted hard-hit semiconductor stocks.

Amazon's Anthropic stake is leading to a huge windfall

Then-Amazon Web Services CEO Adam Selipsky gestures toward Anthropic CEO Dario Amodei during a conference. Noah Berger/Getty Images for Amazon Web Services Amazon's stake in Anthropic is paying off big time. Amazon said most of its other non-operating pre-tax income was due to its Anthropic holdings. Amazon has previously invested $13 billion in Anthropic. Amazon's stake in Anthropic is proving to be a massive boon to the world's largest online retailer. In its latest quarterly earnings rep...

Crocs shares slide as weak outlook draws focus from earnings beat

Apple Sales Rise 16% in June Quarter to Record $109 Billion, Services Revenue Falls Short of Forecasts

Apple turned in another solid earnings report overall for the June 2026 quarter, which marks the last earnings period for outgoing CEO Tim Cook. For the three months ended June 27, Apple’s Q3 of fiscal 2026, the tech giant reported total revenue of $109.4 billion, up 16% — a new quarterly record. Net income came […]

By Todd Spangler

No driver, not even a steering wheel: Amazon’s Zoox wins landmark US approval for robotaxis

Zoox's vehicle has been designed specifically for autonomous travel rather than being adapted from an existing passenger car.

Tim Cook’s Swan Song At Apple Sees Quarterly IPhone Sales Surge, Highflying Stock Dip

Apple saw revenue jump 16% to pass $109 billion for its fiscal third quarter ended in June. EPS of $2.02 included a tariff refund of 11 cents a share. It’s a momentous quarter beyond the numbers as it is CEO Tim Cook’s last presiding as chief executive. His successor John Ternus takes the reins Sept. […]

By Jillg366

Alliant Energy Non-GAAP EPS of $0.65 beats by $0.05, revenue of $971M beats by $99.38M

Amazon's Zoox wins first US approval for paid robotaxis without human controls

Zoox's robotaxi seats passengers inward, reaches 75 mph as Tesla and Waymo expand self-driving ride services

By Reuters

AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains

AI Exhaustion? Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains Samsung Electronics delivered another good quarter last night, underscoring that the AI infrastructure boom appears to continue to funneling enormous profits toward the companies supplying the memory chips powering. Shares were up 10% at one point but finished the session red. The South Korean technology giant reported second-quarter revenue of 171.5 trillion won and operating profit ...

By Tyler Durden

Hubtel leadership visits Amazon global headquarters to advance AI and data strategy

Ghanaian digital commerce company Hubtel is deepening its collaboration with Amazon Web Services (AWS) as it explores new opportunities in artificial intelligence, data management, cybersecurity and resilient digital payments infrastructure. The company’s full Board of Directors and executive leadership team spent two days at the AWS Executive Briefing Center in Seattle, United States, engaging specialists on emerging technologies and strategies shaping the future of financial services.

By Caleb Ahinakwah