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iPhone 13 Leak Teases AirPods 3; But New Apple Device Facing Massive Shortage

iPhone 13 Leak Teases AirPods 3; But New Apple Device Facing Massive Shortage
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Tech giants' record quarter gives way to growth skepticism

Jul 29, 2021
Three of the world’s largest companies Apple Inc., Microsoft Corp. and Alphabet Inc. reported about $57 billion in combined profit in a record-busting quarter, riding a resurgence in consumer and business spending.
Yet markets responded coolly. In part, investors were skeptical that these companies can continue to post double-digit growth for quarters to come.
The world’s largest tech companies have gotten larger at a torrid rate. Their market valuations have skyrocketed this year as world economies rebounded from pandemic lows with both Apple and Microsoft topping $2 trillion in market value adding pressure to keep up the pace. All the companies were bullish about their prospects, but investor optimism was tempered by signs that the momentum of the past year may be ebbing. ....

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Apple crushes earnings expectations as iPhone sales soar 50%

Apple crushes earnings expectations as iPhone sales soar 50%
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Apple Inc. delivered third-quarter financial results that crushed Wall Street’s expectations today, with iPhone sales up almost 50% compared to the year prior, but its stock fell in extended trading as it warned growth would likely slow in the next quarter.
The company reported a profit before certain costs such as stock compensation of $1.30 per share on revenue of $81.4 billion, up by an impressive 36% from a year ago. That surpassed expectations by some distance, with analysts forecasting a profit of just $1.01 per share on sales of $73.33 billion.
Apple Chief Financial Officer Luca Maestri hailed a “record operating performance” for the company, setting new revenue records in each of its geographic segments and double-digit growth in every product category. ....

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LONDON MARKET MIDDAY: Travel and banking stocks lead gains before Fed

LONDON MARKET MIDDAY: Travel and banking stocks lead gains before Fed
lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.

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Tech giants' record quarter gives way to growth scepticism

Tech giants' record quarter gives way to growth scepticism
luxtimes.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from luxtimes.lu Daily Mail and Mail on Sunday newspapers.

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