Apple sold enough iPhones and services last quarter to reverse a downward revenue trend
After four consecutive quarters of revenue decline, Apple broke the trend and reported its first period of revenue growth today. In its earnings report for the first quarter of the financial year of 2024, the company announced a quarterly revenue of $119.6 billion, which is an increase of 2 percent…
Samsung’s annual profits continued to decline in 2023
Samsung has failed to recover from the sharp decline in profit it experienced in 2022. In its latest earnings report, the Korean company has reported KRW 258.94 trillion ($194 billion) in annual revenue and KRW 6.57 trillion ($4.9 billion) in operating profit for the fiscal year of 2023. Those are…
Microsoft’s gaming revenue was up 49 percent in Q2, mostly thanks to the Activision deal
Microsoft posted another blowout earnings report for Q2 of the 2024 fiscal year, with revenues of $62 billion (up 18 percent from last year) and profits of $21.9 billion (a 33 percent increase). But really, the most interesting thing about this quarter is that we finally get to see how…
The SEC’s X account was apparently ‘compromised’ to falsely claim bitcoin ETFs were approved
The official X account belonging to the Securities and Exchange Commission was briefly “compromised,” the regulator said, after an apparently rogue post on X temporarily juiced bitcoin prices. On Tuesday, the SEC’s official X account tweeted that bitcoin ETFs had been approved “for listing on all registered national securities exchanges.”…
Unity is cutting a quarter of its workforce
Gaming software developer Unity plans to lay off 1,800 employees or about a quarter of its global workforce, according to a securities filing first spotted by The Wall Street Journal. The company said it made the move “as it restructures and refocuses on its core business” in an aim to…
CBS and Paramount’s parent company reports hack affecting over 80,000 people
National Amusements, CBS and Paramount’s parent company, reported a year-old hack this month affecting 82,128 people. TechCrunch first covered the breach, revealed in a company legal filing with Maine’s Attorney General under a 2005 state digital privacy law. National Amusements hasn’t commented publicly on the intrusion outside of the legal…
Bird files for bankruptcy after going public in 2021
After laying off nearly a quarter of its staff last year, e-scooter rental company Bird has filed for Chapter 11 bankruptcy, the company announced. Existing lenders have agreed to purchase the assets and the company is being kept afloat via a $25 million loan from Apollo Global Management (Yahoo and…
The FTC is reportedly looking into Microsoft’s $13 billion OpenAI investment
OpenAI’s recent drama hasn’t only caught UK regulators’ attention. Bloomberg reported Friday that the Federal Trade Commission (FTC) is looking into Microsoft’s investment in the Sam Altman-led company and whether it violates US antitrust laws. FTC Chair Lina Khan wrote in a New York Times op-ed earlier this year that…
Intuit is shutting down Mint, its popular free budget-tracking app
Intuit is shutting down its free budgeting app Mint, which had 3.6 million active users in 2021, Bloomberg reports. The company will absorb users into its other service called Credit Karma when Mint disappears. An Intuit spokeperson told Engadget that Mint will be available until March 24, 2024. “Credit Karma…
PSA: The cheapest Tesla car won’t qualify for full federal tax credit starting January 1
With the Biden administration’s continued attempt to limit Chinese battery components in US electric vehicles, Tesla has now announced that two of its models won’t qualify for the full $7,500 federal tax credit as of January 1, 2024. As pointed out by our sister site TechCrunch, Tesla’s website currently has…