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The Latest Breaking News on Big tech

Apple Sees Improved Outlook; Here's How It's Helping The Stock

After missing its December-quarter targets due to iPhone supply shortages, Apple said production has returned to normal.

Investors Business Daily

Apple Stock Turns Higher As iPhone Outlook Offsets Rare Earnings Miss From China Disruptions

Apple Stock Turns Higher As iPhone Outlook Offsets Rare Earnings Miss From China Disruptions

China's Covid disruptions "significantly impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max and lasted through most of December," said Apple CEO Tim Cook.

Google Goes 'Meta' With Cost Cut Focus As Ad Sales Slump Hits Q4 Earnings; Stock Slides

Google Goes 'Meta' With Cost Cut Focus As Ad Sales Slump Hits Q4 Earnings; Stock Slides

"We are committed to investing responsibly with great discipline and defining areas where we can operate more cost effectively," said CEO Sundar Pichai.

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Google, Apple Disappoint as Tech Earnings Hit by Gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech. The tech titans posted earnings as shares in Meta skyrocketed a day after it reported better…

Asharq Al-Awsat

FTSE 100 Live: Tech giants under pressure after earnings updates

The improved stock market mood is under strain today after earnings updates by tech giants Apple, Google owner Alphabet and Amazon.

Evening Standard

Google, Apple disappoint as tech earnings hit by gloom

San Francisco (AFP) -

Tech giants Apple, Amazon and Alphabet post disappointing results

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

The Guardian - US

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Apple Earnings Miss Forecast For First Time Since 2016 As iPhone Sales Hit By China Supply Chain Snarls

Apple Earnings Miss Forecast For First Time Since 2016 As iPhone Sales Hit By China Supply Chain Snarls

Apple posted its first quarterly revenue decline in four years Thursday, alongside a rare earnings miss for the world's most-valuable tech company.

Apple Misses December-Quarter Targets As iPhone, Mac Sales Fall

Apple Misses December-Quarter Targets As iPhone, Mac Sales Fall

Consumer electronics giant Apple missed Wall Street's sales and earnings targets for its fiscal first quarter, and shares fell.

Investors Business Daily

Google Earnings Miss As Growth Slows In Search Advertising, YouTube, Cloud Computing

Google Earnings Miss As Growth Slows In Search Advertising, YouTube, Cloud Computing

Google reported earnings and revenue that missed estimates amid slowing growth in internet search advertising, YouTube ads and cloud computing.

Investors Business Daily

Amazon Earnings Miss Street Forecast, But AWS Drives Revenue Beat

Amazon Earnings Miss Street Forecast, But AWS Drives Revenue Beat

"In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon," said CEO Andy Jassy.

Amazon.com Fourth-Quarter Earnings Live Blog

Amazon.com Fourth-Quarter Earnings Live Blog

Real Money's Eric Jhonsa live-blogs Amazon's earnings report and conference call with management.

No Silver Lining In Amazon's Cloud Business As Results Fail To Excite

No Silver Lining In Amazon's Cloud Business As Results Fail To Excite

Amazon stock fell after the e-commerce giant reported fourth-quarter results late Thursday that beat on revenue but missed on earnings.

Investors Business Daily

Big Tech Layoffs Continue -- But Apple Looks the Strongest

Big Tech Layoffs Continue -- But Apple Looks the Strongest

All of Big Tech is rallying at the moment, and all have laid off employees. This article takes a look at why Apple might be the strongest player of the bunch.

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Apple Earnings Preview: Stock Hits Key Level Ahead of Report

Apple stock is hitting a key level on the charts ahead of its earnings report. Here's what traders need to know now.

Apple Earnings Preview: China Supply Chain Woes To Hit iPhone Sales, Demand Outlook In Focus

Lost or delayed? Apple's supply chain woes raise questions over holiday iPhone sales as investors await its December quarter earnings after the closing bell.

U.S. layoffs surged in January as tech slashed thousands of jobs - report

Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.

Tribune News Service

Tech giants broke their spending records on lobbying last year

Amazon.com Inc., Apple Inc. and Microsoft Corp. broke their lobbying spending records last year as they fended off heightened scrutiny of their business models and power over the U.S. economy.

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Los Angeles Times

Brian Merchant: How Big Tech is using mass layoffs to bring workers to heel

In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs. Just a few days into 2023, Amazon Chief Executive Andrew Jassy announced that there would be 18,000 layoffs across the company. Within weeks, Microsoft revealed it was…

Evening Standard

Xbox Series S and X prices rise in Japan — is the UK next?

We approach Xbox’s representatives for an update after the brand’s main man Phil Spencer hinted at price increases last year

Tribune News Service

Amazon illegally resisted NYC union drive, Labor Board judge says

Amazon.com Inc. violated federal labor law as part of its efforts to resist unionization at two facilities in New York City, a National Labor Relations Board judge ruled in a case that tees up major potential changes to board precedent.

Why Apple May Post Its First Revenue Miss Since 2019

Earnings from Meta, Apple, Amazon and Alphabet are in focus this week. Here's what to expect from their earnings reports and more on TheStreet Today.

Tribune News Service

Amazon to trim 100 tech jobs in San Diego as part of corporate headcount reduction

Amazon is cutting 100 technology jobs and other positions in San Diego as part of a company-wide downsizing announced earlier this month.

Tech Stocks, on Best Run Since 2001, Face Stern Test With Megacap Earnings on Deck

"Tech stocks have fallen pretty far down on the list of concerns (and the price action) is telling us something,” said Bank of America strategists ahead of a key week for mega cap earnings.

Investors Business Daily

Google Stock: YouTube Expected To Be Drag On Earnings Amid Apple, TikTok Woes

When Google reports fourth-quarter earnings on Feb. 2, YouTube's slowing ad revenue growth is expected to be a weak spot.

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