Social networking giant Facebook records fastest growth since 2016, but warns annual revenue growth will slow “significantly”
TECHNOLOGY POWERING BUSINESS
News Financial Results
Microsoft Thrives Thanks To Azure Growth
Software giant posts record results, as certain business segments (Azure) thrive during Coronavirus pandemic, but others struggle
Apple Posts Record Breaking Profit, But Warns Of Chip Shortage
Apple's earnings juggernaut continues, as strong sales of iPhones continues to drive up profits, but chip shortage looms
Intel Warns Chip Shortage Could Last Until 2023
CEO Pat Gelsinger said chip ecosystem recovering, but supply chain is stilled stressed, with chip shortages to last until 2023
BT Raises FTTP Target To 25 Million Premises
Despite a tough financial year, an extra five million premises has been added to BT's deployment of FTTP broadband, creating thousands more jobs
Amazon Posts Record Results, As Prime Video Catches Netflix
E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong growth
Apple Profits Double As Users Upgrade To 5G iPhones
Apple reaps reward from strong spending on Macs, apps and iPads during lockdown, coupled with people upgrading to 5G iPhones
Alphabet Posts Record Growth During Pandemic
What pandemic? Strong performance in advertising sales and cloud business drives profits and revenues at Google parent Alphabet
Jeff Bezos To Step Down As Amazon CEO
Bombshell. Amazon founder and one of the richest men in the world, Jeff Bezos, will step down as CEO in second half of this year
Facebook To Reduce Political Content After Posting Healthy Profit
Mark Zuckerberg admits platform is looking at ways to reduce political content in news feeds, after it posts billion dollar profits
Apple Posts Biggest iPhone Sales Fall In Two Years, After Handset Delay
Mixed results. Delayed launch of the iPhone 12 by several weeks sees Apple post its largest decline in iPhone sales in two years
Uber Delivery Business Doubles As Ride-Hailing Slump Continues
Uber Eats revenues up 103 percent year-on-year, while Uber ride-hailing trips remain down 75 percent with gradual recovery driven by East Asia
Twitter Mulls Subscription Options, As Ad Revenue Plummets
Coronavirus hits Twitter's advertising revenue, causing senior management to mull alternative ways to make money from users
Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’
Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns 'fascist' and 'not democratic'
Google Disappoints After Revealing YouTube’s $15 Billion Revenue
Strong financials from Google's parent, as it reveals for the first time the turnover of YouTube and Google Cloud business
Facebook Shrugs Off Scandals With Strong Financials
What crisis? Profit and revenue surge over 20 percent at Zuckerberg's house, despite a torrid year
Apple Profits Slide, As Cook Points To Wearable Growth
Profits and year revenues at Apple slide amid slow iPhone sales, but sales from wearables and services rose
Samsung Profit Halves Amid Flagship S10, Memory Chip Slowdown
Galaxy S10’s sales momentum is ‘weak’, but slow sales of memory chips is also not helping matters
Apple Profits Slide Again, As Wearables, Services Grow
iPhone slowdown. Revenues from wearables and services helped offset another slump in iPhone sales during last quarter
Apple Profit Falls As iPhone Sales Slow
Smartphone worries as Tim Cook said China demand and price cuts helped stablise iPhone sales
Microsoft Value Hits $1 Trillion After Cloud Growth
Strong results for the software giant see its market valuation briefly reach $1 trillion for the first time
Huawei Slams US ‘Loser Attitude’ Amid Strong Results
Chairman of Chinese firm has harsh words for US administration and its campaign against it
Dell Impresses After Return To Public Scrutiny
Revenue rises 9 percent, as the PC and services giant returns to public market after six year absence
Facebook Growth Slows Amid Saturation In Developed Countries
User growth continues to slow as Zuckerberg admits saturation in developed countries
Intel Pleases With Profit, Revenue Growth
Positive third quarter results for chip giant thanks to data centre growth and PC demand
Samsung Profits Slip As Galaxy S9 Misses Sales Targets
Smartphone slowdown. South Korean giant feels the pressure from cheaper Chinese handsets
Intel Delays 10nm ‘Cannon Lake’ Processors To Late 2019
Four years late. Fresh delay for next generation Cannon Lake processors, with mainstream release now only expected in late 2019
Amazon Profits From Cloud, Advertising Growth
Profits ahoy. Amazon's positive outlook cheers investors after Facebook disappointment
Facebook’s Strong Results Offset By Profit Warning
Investors take fright after Facebook warns that profit margins will be squeezed by ad slowdown and privacy demands
Alphabet Shrugs Off European Fine Thanks To Strong Ad Sales
Google's parent surprises Wall Street with strong growth, despite stiff penalty from the EU over Android