The 5G iPhone 12 and new iPad models powered Apple Inc. to a record-setting sales gain of 36 percent in its third quarter and revenue of $81.4 billion, with iPhone sales specifically jumping around 50 percent to $39.6 billion. But Apple cautioned that supply-chain issues will impact iPhone and iPad production in the current quarter, in addition to an anticipated slowdown caused by lessening demand for services. (Bloomberg)
Alphabet Inc. reported a record-high quarter for sales and profit, with revenue jumping 62 percent to $61.88 billion and profit more than doubling from the year-ago period to $18.53 billion. Google’s online advertising market fueled the record results, with Chief Executive Sundar Pichai pointing to “a rising tide of online consumer and business activity.” (The Wall Street Journal)
Microsoft Corp. had its all-time most profitable quarter, reporting sales of $46.2 billion, a 21 percent increase year over year, and profits of $16.5 billion, up 47 percent. Revenue from Office 365, the cloud-computing product Azure and other commercial cloud business offerings rose 36 percent to $19.5 billion. (The New York Times)
President Joe Biden said during a visit with the Office of the Director of National Intelligence that a cyberattack of “great consequence” perpetrated against the United States could result in a “real shooting war with a major power.” Biden’s comments follow weeks of high-profile ransomware attacks on U.S. companies and what officials see as escalating threats from China and Russia. (Reuters)
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.
In many ways, the pandemic has been a boon to large technology companies, as consumers stuck at home have accelerated demand for digital services and consumer electronics to help them stay connected, employed and entertained amid lockdowns. But the pandemic also battered the advertising industry, strained supply chains, spurred a global semiconductor shortage and created shipping disruptions.
Amazon halted a plan to roll out Workday’s human-resources software across the e-commerce company last year, roughly three years after announcing the partnership, according to people familiar with the matter. Workday shares slumped more than 7% on Tuesday, after Insider’s report.
Facebook’s “next chapter,” Mark Zuckerberg says, is to be prime builder of “the metaverse” — an open, broadly distributed, 3D dimension online where, he says, we will all conduct much of our work and personal lives.
Zipping around central London, among the bikes and scooters of Uber Eats, Just Eat and Deliveroo, is a new entrant promising almost instantaneous satisfaction for your craving for a bar of chocolate or pint of ice cream: Getir, a Turkish company that says it will deliver your groceries in 10 minutes.
Amazon.com Inc on Wednesday filed an appeal with India’s top court against a state court’s order that allowed an antitrust probe against the U.S. firm and Walmart’s Flipkart to continue, according to source and court listings.
Spotify Technology SA beat Wall Street estimates for second-quarter revenue on Wednesday, as the music streaming company reported a 20% jump in paid subscribers for its premium service driven by demand in Europe and North America.
At a Senate Judiciary Committee hearing on Tuesday, representatives of the Justice Department, FBI, Secret Service and the Cybersecurity and Infrastructure Security Agency all said Congress should consider passing a bill forcing companies that have been hit by a cyberattack to tell the government.
The second of two recent directives the Transportation Security Administration has issued to pipeline operators will allow some flexibility but mandate certain cybersecurity best practices, according to the head of the agency.
The first of five former eBay Inc. employees who were convicted of running an elaborate cyberstalking conspiracy against a couple who put out an e-commerce newsletter was sentenced to 1 1/2 years in prison for his role in the plot.
The web has long been a playground for hackers, offering up hundreds of millions of public-facing servers to comb through for basic vulnerabilities to exploit. Now one hacker tool is about to take that practice to its logical, extreme conclusion: Scanning every website in the world to find and then publicly release their exploitable flaws, all at the same time—and all in the name of making the web more secure.
Among those suspended was the official Twitter account for the ongoing, Republican-led audit in Arizona, which is being overseen by a contractor who has spread false conspiracy theories, including in a recent pro-Trump movie.
Instagram has introduced protections for its teenage users to default young people into private accounts and make it harder for “suspicious” adults to make unwanted contact, the company announced Tuesday.
Facebook on Tuesday reaffirmed its intention to build an Instagram for kids under 13, despite pressure from lawmakers to back down on the plan, while simultaneously announcing new updates to address concerns about the safety of younger users on its platforms.
Facebook is partnering with a global tech non-profit called Meedan to give its 80+ fact-checking partner organizations access to training from experts in how to handle health and vaccine misinformation, a spokesperson tells Axios.
If you’re ever unlucky enough to spill a latte between the keys of your $1,300 MacBook Pro or shatter its screen, your first stop would probably be Apple’s website, where you could schedule an appointment to take it to a nearby Apple Store.
Two years after Chinese tech workers started a decentralized online protest against grueling overtime work culture, and one year after the plight of delivery workers came under the national spotlight, a chorus of Chinese tech giants have finally made high-profile moves to end the grueling work schedules that many believe have fueled the country’s spectacular tech boom — and that many others have criticized as exploitative and cruel.
Amazon.com Inc. and a staffing partner will pay $13.5 million to end a multidistrict suit involving 42,000-plus workers who sought wages for time spent undergoing mandatory security screenings, after a federal judge in Kentucky approved the class settlement.
Former Sen. Heidi Heitkamp (D-N.D.) and former Rep. Greg Walden (R-Ore.) (Advisory Board Co-Chairs, the American Edge Project), Morning Consult
Though a mere 90 miles of sea separate our country from Cuba, the gulf between our approaches to freedom of expression and the digital tools that facilitate it couldn’t be wider – or more consequential.