Amazon smashes profit predictions on soaring cloud services demand April 26, 2019 E-commerce giant Amazon reported a significant jump in profit tonight to soar past average analyst expectations, in addition to matching estimates on revenue. The company’s net income for the first three months of 2019 more than doubled year-on-year to reach a record $3.6bn (£2.8bn), or $7.09 per share, compared to the average estimate of $4.72. [...]
Microsoft’s valuation passes $1 trillion as competition with Apple and Amazon heats up April 25, 2019 Microsoft’s valuation briefly exceeded $1 trillion (£776bn) for the first time yesterday after the firm posted strong revenue and profit growth in its quarterly results. Shares in the US tech behemoth rose as high as $130.87 in late trading, taking its market capitalisation past rivals Apple and Amazon and beyond the coveted $1 trillion mark. [...]
The Huawei 5G partnership is a threat to the UK’s national security April 25, 2019 Imagine if you were told that your new home internet network was going to be part built and maintained by a company alleged to have links to some of the most prolific identity thieves in your area. In all likelihood, you would change your provider. Yet that is precisely the course of action the British [...]
Netflix to sell $2bn worth of bonds amid competition with streaming rivals April 23, 2019 Netflix will issue $2bn (£1.5bn) worth of bonds, denominated in both dollars and euros, to raise money as the battle over TV and film streaming intensifies. Read more: Netflix predicts slowed subscriber growth as price hikes begin to hurt The online media giant said the interest rate, maturity date, and other terms of the bonds [...]
For a brand like Nike, nothing beats an athlete with a crazy dream April 23, 2019 As Tiger Woods rolled in his final putt, securing victory at Augusta and claiming his long-awaited fifteenth major title, Nike was ready and primed for the magical moment. Some 14 years after his last victory at the Masters and 11 years after his last major title, Woods now stands just three behind the greatest golfer in [...]
Investors launch class action against Apple over ‘concealed’ iPhone demand slump April 18, 2019 Apple has been accused of securities fraud for allegedly concealing a slump in iPhone demand, which sparked a $74bn (£57bn) slide in the tech giant’s market value. Investors that bought Apple stock in the two months before chief executive Tim Cook reduced the company’s quarterly revenue forecast by as much as $9bn in January have [...]
Apple settles landmark $27bn legal battle with Qualcomm April 17, 2019 Tech giant Apple has ended a bitter two-year battle with former supplier Qualcomm, settling a patent dispute in California late last night. Qualcomm won a six-year patent licence deal and supply agreement with Apple as part of the settlement, as well as an undisclosed sum from the iPhone creator. Apple had previously been seeking $27bn [...]
Netflix predicts slowed subscriber growth as price hikes begin to hurt April 17, 2019 Netflix expects its subscriber growth rate to weaken in the coming months, as upcoming US price rises for its TV streaming site dampen the attraction of new users. The firm said it had gained a record number of 9.6m paid subscribers in the three months to March, taking its total up to 148.9m and ahead of [...]
Best noise-cancelling headphones 2019: Transform your cacophonous commute into soundless sailing with our pick of the top noise-busting headphones April 16, 2019 Sick of your podcast getting drowned out in Tube tunnels? So are we. If you're tired of turning the volume up to 11 just to hear your music over your surroundings, or just want a decent pair of cans to drown out the outside world, we've picked our favourite noise-cancelling headphones for you to choose between. [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]