Apple soothes investor fears by topping estimates in festive quarter results January 29, 2019 Californian tech giant Apple assuaged investor concerns tonight, having narrowly beaten analyst predictions for its first fiscal quarter of 2019. Reporting for the three months to 31 December, Apple said it took in revenue of $84.3bn (£64.1bn), slightly above consensus estimates of $84bn as collated by S&P Global Market Intelligence. Sales were down five per cent [...]
Apple sales come to the fore as big tech firms brace for crunch results January 29, 2019 Silicon Valley will be preparing for market instability this week as several members of the so-called Faang grouping gear up to report quarterly results for the recent festive period. Three members of the big tech club – which includes Facebook, Apple, Amazon, Netflix and Google – will publish figures amid rising speculation that their time [...]
This major iPhone bug turns Facetime into a privacy invasion tool January 29, 2019 Apple has come under fire for a Facetime bug that enables people to spy on call recipients without their knowledge. The security flaw, discovered by 9to5Mac yesterday, gives Facetime callers access to both the microphone and front-facing camera of the recipient while the call is still ringing, according to reports. Read more: Facebook to integrate Messenger into [...]
Bad news baked into Apple’s revenue pie? January 28, 2019 | City Talk Apple is set to report earnings after the close on Tuesday. The big question facing investors is whether all the downside has already been priced in and whether Apple still has some skeletons from the last quarter. And as ever what will really matter to the market is the guidance for the March quarter as [...]
Netflix leads the way as UK on-demand video subscriptions soar January 24, 2019 The number of UK homes that subscribe to an on-demand TV service has soared in the last year, with Netflix the most popular choice, new figures have revealed. A total of 11.6m UK households had a subscription to at least one of Netflix, Amazon Prime Video or Now TV in the third quarter of 2018, [...]
Apple dismisses more than 200 staff from self-driving car unit Project Titan January 24, 2019 Apple has cut more than 200 staff from its secretive self-driving car unit Project Titan, as the business undergoes some restructuring under new management. The dismissals, first reported by CNBC, come after Apple hired a former veteran of the firm Doug Field and Tesla's ex-vice president of engineering to lead the project alongside Bob Mansfield last [...]
Big tech firms like Google, Amazon and Facebook spent a record amount on political lobbying last year January 24, 2019 Google, Amazon and Facebook's bill for lobbying the US government hit record highs last year, as life under the Trump administration put big tech firms in the spotlight. Google parent firm Alphabet said it spent $21.2m (£16.3m) on political lobbying costs in the US last year, topping its previous all-time high of $18.2m achieved in 2012. It [...]
Heed the celebrity gurus and teach Britain how to manage January 23, 2019 Most businesses will fail, eventually. If current trends continue, 374,880 of the 660,000 new businesses registered in 2018 will have ceased trading by 2023. If your idea isn’t good enough, it’s better for your business to fold quickly to limit losses. Yet sometimes entrepreneurs stumble upon a great idea, but lack the managerial know-how to [...]
Tech giants accused of data protection breaches by Austrian activist January 19, 2019 Tech giants Apple and Amazon have been named in a complaint filed by Noyb, claiming they are still failing to comply with the EU’s General Data Protection Regulation (GDPR). The company, chaired by data privacy activist and lawyer Max Schrems, filed a complaint in Austria also naming Netflix, Spotify and Youtube after it tested the [...]
South Korean broadcasters team up to create streaming service rival to Netflix January 15, 2019 South Korea’s largest broadcasters are teaming up to create a streaming service to rival Netflix as the race to create on-demand platforms shows no signs of slowing. Broadcasting firms Seoul Broadcasting System (SBS), Munhwa Broadcasting Corporation (MBC) and Korean Broadcasting System (KBS) have joined with SK Telecom to set up the new venture this year. [...]