Apple earns $100bn in single quarter January 27, 2021 Silicon valley giant Apple has earned more than $100bn in its first quarter of 2021, making it one of just a handful of firms to ever have done so. Apple’s revenue for the quarter ended December 26 rose 21 per cent to $111.44 billion. Earnings per share rose to $1.68 from $1.25. Analysts had expected [...]
Tesla achieves first-ever $10bn quarter January 27, 2021 Tesla has posted its first-ever $10bn quarter following a successful year that saw its founder, eccentric billionaire Elon Musk, become the world’s richest person. Tesla beat Wall Street estimates for fourth-quarter revenue after beating 2020 deliveries earlier this month on a steady rise in electric vehicle demand. The carmaker, led by billionaire entrepreneur Elon Musk, [...]
Facebook revenue beats analyst expectations and rises to £28bn in fourth quarter January 27, 2021 Revenue at Facebook rose to $26.44bn in the fourth quarter of 2020, up some $7bn on the same time last year. Facebook beat analysts’ estimates for quarterly revenue on today, powered by increased ad spending by businesses to capitalise on a holiday shopping season driven online by the pandemic. Total revenue, which comprised primarily of [...]
Pay phone: Would you spend £1m on a mobile number? January 27, 2021 You may be willing to splash out £1,500 on a new iPhone, but would you add another seven figures to that to secure the ‘phone number of your dreams’? London-based entrepreneur Usain Kubah has just released what he says is the world’s most expensive phone number, which will set you back a million pounds. The [...]
Apple set to break $100bn quarterly sales record as tech boom continues January 27, 2021 Apple’s bullish run shows no signs of slowing down, with the tech giant expected to join an exclusive club of companies to have earned revenue of more than $100bn (£730m) in a single quarter. Analysts have predicted quarterly revenue of $102.6bn for the iPhone maker, which would mark year-on-year growth of 12 per cent — [...]
Scientists warn of 50,000 more Covid deaths as they slam ‘poor decisions’ January 27, 2021 “A legacy of poor decisions” led the the UK to have one of the highest coronavirus death tolls in the world, scientists have said, as they warned of 50,000 further deaths. Britain yesterday passed the “grim milestone” of 100,000 Covid-related fatalities, marking the fifth-highest death toll in the world. It makes the UK the fifth [...]
Cancer drug may reduce Covid load in lungs by 99 per cent January 27, 2021 Spanish pharmaceutical company PharmaMar claims its cancer drug Aplidin has the potential to reduce any Covid-19 load in lungs by 99 per cent. Already authorised to treat tumours in some markets, Aplidin blocks a protein associated with the virus and prevents viral replication, leading to the near-complete eradication of Covid viral loads in the lungs [...]
Grindr hit with £8.5m fine over data privacy breach January 26, 2021 Grindr is set to be slapped with a hefty fine after regulators found it had illegally disclosed user data to advertising firms. The Norwegian Data Protection Authority has announced an intention to fine the gay dating app 100m krona (£8.5m) — equivalent to 10 per cent of its annual turnover — over the breach. The proposed [...]
‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
Birdwatch: New Twitter feature allows users to flag misinformation January 26, 2021 Twitter will allow users to flag posts that are misleading or inaccurate in its latest effort to purge misinformation from its platform. The new feature, dubbed Birdwatch, allows people to write notes providing context and rebuttals on posts they believe are misleading. The pilot programme is being tested in the US, with notes initially only [...]