The S&P 500 and the Nasdaq indexes looked set to drop from record highs on Friday, as results from mega-cap firms Apple and Amazon.com reignited concerns of labor and supply shortages that have been at the forefront of this quarterly earnings season. Market participants have been closely watching how corporate America navigates through these challenges…
Futures Slip After Apple, Amazon Results Reignite Supply, Labor Woes
October 29, 2021
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Amazon, Apple Weigh on Stocks, Rate Hike Hopes Underpin Euro
October 29, 2021
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LONDON—Amazon and Apple earnings took the froth out of U.S. stock futures and world equities on Friday, though the euro held near one-month highs on euro zone rate rise hopes. Amazon.com reported a slump in profit after the bell on Thursday that it expects will continue through the holiday quarter, as higher pay to attract…
Apple Q4 Revenues Miss Estimates as Supply Chain Issues Eat Into iPhone Sales
Apple Inc. reported fourth-quarter earnings that came in line with estimates amid an improvement in gross margin. Revenues, however, trailed estimates, dragged by weaker-than-expected iPhone sales. Component shortages apparently have taken a bite out of Apple, leading to weakness in its flagship product. China, which of late has been fueling Apple’s strong performance, also sagged…
Regulator Seeks Powers to Uproot Google Monopoly in Australia
Australia’s competition watchdog is requesting powers to develop and implement a cyber system that will require internet users to be presented with a choice of a search engine after they warned Google’s “harmful” market dominance was severely stifling competition. The Australian Competition and Consumer Competition (ACCC) said in its third interim report for an inquiry…
Twitter Avoids Revenue Hit From Apple Privacy Changes
October 27, 2021
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Twitter Inc. on Tuesday reported its quarterly revenue grew 37 percent and avoided the brunt of Apple Inc. privacy changes on advertising that hobbled its rivals, sending its shares up 3 percent. The social networking site has been working to add new features such as audio chat rooms to attract users, and also rolled out…
Epic Games Opposes Apple’s Effort to Pause Antitrust Trial Orders
October 23, 2021
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“Fortnite” creator Epic Games on Friday opposed Apple Inc.’s efforts to put on hold orders handed down in an antitrust trial as a potentially lengthy appeals process plays out. U.S. district Judge Yvonne Gonzalez Rogers in September struck down some of the iPhone maker’s App Store rules, including a prohibition on developers directing their users…
Why Component Shortages Could Mar an Otherwise ‘Record-Setting Holiday Season’ for Apple
Apple Inc. hosted two fall hardware launch events this year and expectations are running high that the company will capitalize on the new product momentum. With the holiday season approaching, it appears now that global chip and component shortages will play a spoilsport. What Happened The lead times for most of Apple’s newer products are lengthening,…
Snap Tumbles, Drags Social Media Giants on Apple Privacy Tweak Worries
October 22, 2021
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Shares of Snap Inc. plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc.’s privacy changes on iOS devices. Snap shares were down nearly 20 percent at $60.8 before the bell, on track to open at a near three-month low. Shares of…
Google Goes Aggressive to Win Smartphone Market From Apple, Samsung, Xiaomi
Google has asked suppliers to produce over 7 million of its upcoming Pixel 6 smartphones, double its entire phone shipments year-on-year, Nikkei Asia reports. The move marks Google’s attempts to grab market share from Huawei Technologies and ride a post-pandemic recovery in demand. Google aims explicitly to win market share from the top three smartphone…
M1 Pro/Max Processor To Be A ‘Game Changer,’ Apple Beating ‘Intel At Its Own Game,’ Say Analysts After ‘Unleashed’ Event
Analysts tracking Apple Inc.’s “Unleashed” event are terming the arrival of M1 Pro and M1 Max chips as a “game changer” and a signal that the tech giant is giving Intel Corporation a run for its money. Apple’s Game-Changing Move Wedbush’s Dan Ives who has an “Outperform” rating on the Tim Cook-led company with a…
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