Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and staff layoffs
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News Revenues
TikTok US Sales ‘Hit $16bn’, ByteDance Nears Meta In World Revenues
TikTok reportedly brought in $16bn in US last year, while parent ByteDance made $120bn worldwide, nearly dethroning Facebook parent Meta
Alphabet’s Ad Revenue Miss Punished By Investors
Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss
Elon Musk Admits “Massive Decline” In Ad Revenue
Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting
Twitter Revenues From Top Advertisers Plummets – Report
More than half of Twitter's top 1,000 advertisers were no longer spending on the platform in early January, new data reveals
Twitter Reports Loss As ‘Uncertainty’ Weighs On Business
Twitter reports $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon Musk to complete takeover
Huawei Reports Biggest-Ever Revenue Drop
Huawei reports largest-ever decline in revenues in first half of 2021, after selling off Honor smartphone brand and grappling with US sanctions
ByteDance Sees Revenues Double As TikTok Expands
ByteDance sees revenues more than double in 2020 as TikTok continues rapid expansion worldwide, as Chinese apps face new pressure in US
Finance Ministers Reach Corporate Tax Deal At G7 Summit
US says it expects UK, France and others to scrap digital taxes in favour of broader agreement on 15 percent minimum global corporate tax rate
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
Twitter Develops Subscription Fee To Lessen Ad Reliance
Micro-blogging platform Twitter is developing a subscription product, in an effort to lessen dependence on advertising revenues
Facebook Advertising Growth Slows Amid Pandemic
The global slowdown in the digital advertising market due to the Coronavirus pandemic, slows advertising revenue growth at Facebook
Cisco/NetApp Lone Vendor Showing Growth In Converged Systems Market
Dell EMC is far and away No. 1 in the category, but its sales are down year over year
Samsung Predicts Record Profits Despite Galaxy Note 7 Disaster
One of the biggest product safety scandals in history doesn't seem to have had an immediate impact on Samsung's fortunes
Nvidia Prospers As Games, Data Centre Drives Growth
Strong demand for GPUs in gaming PCs and the data centre has driven hugely impressive growth
Intel Posts Reduced Profit Amid Data Centre Slowdown
Intel reports a better than expected profit, but hefty cost cutting impacts chipmaker's bottom line
Facebook Sales Hit £4bn As Mobile Advertising Pays Off
Facebook reports £700m in quarterly profit as mobile user base reaches almost one billion a day
IBM Blames Shift To Cloud For Quarterly Revenue Decline
The shift away from packaged software and on-site, disk-based storage contributed to a 13.9 percent revenue drop
Microsoft Grows Thanks To Azure, Office 365
Satya Nadella's move towards subscription business model pays off, but profits still slide
Intel Lusts After The Data Centre As PC Revenue Dips
Revenue is flat and its PC business down but Intel CEO says losses offset by gains in the data centre and Internet of Things
AMD Reveals Major Restructuring
Seven percent of global workforce to go as part of new CEO Lisa Su's reign
Google Reports Significant Fall In Profits
Profits only hit $2.8bn (£1.7bn) in last quarter, search giant reveals
Samsung Profits Fall, Despite Android Domination
Samsung profit falls, as research suggests Android is on the verge of turning smartphone platforms into a one-horse race
Apple Grows Profit Ahead Of iPhone 6 Launch
Apple posts stunning financials thanks to Chinese iPhone growth, but the iPad may have reached its peak
Google Grows Profits And Sales As Ad Values Decline
Google reveals strong financials as revenues rise 22 percent, but analysts still expected better
Yahoo Clutches Alibaba Stake As Profits Slide
Yahoo will retain its hugely valuable stake in Alibaba, after 'disapointing' results elsewhere
Intel Benefits From XP Migration But Mobile Dips
The move from Windows XP helped the performance of Intel's PC group, but mobile chip sales decline
HP Stabilises Financials As Turnaround Takes Hold
HP's financials beat Wall Street expectations, helped in part by a good showing from its PC business
Cisco Profit Plummets As Weak Demand Bites
Cisco predicts more pain ahead but is optimistic about its direction, despite slides in both profit and revenue
IBM Sales Slide As £607m Charge Looms
IBM sales miss expectations amid hardware struggles and a looming $1 billion restructuring charge