News Revenues | Silicon UK

Alphabet Rises As AI Initiatives Begin To Pay Off In Q1

Boom time. Amid ongoing cost cutting and potential break-up threat, Alphabet profits surge as AI bets start to pay off

#AI

Despite heavily touting its AI credentials, iPhone sales slipped over Christmas period, as Apple continues to lose ground in China

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and staff layoffs

TikTok reportedly brought in $16bn in US last year, while parent ByteDance made $120bn worldwide, nearly dethroning Facebook parent Meta

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting

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 $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon Musk to complete takeover

#5G

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 more than double in 2020 as TikTok continues rapid expansion worldwide, as Chinese apps face new pressure in US

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

E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong growth

Micro-blogging platform Twitter is developing a subscription product, in an effort to lessen dependence on advertising revenues

The global slowdown in the digital advertising market due to the Coronavirus pandemic, slows advertising revenue growth at Facebook