Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid ‘Challenging Environment’

Apple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]

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Apple Reports 1Q 2023 Results: $30.0B Profit on $117.2B Revenue Amid ‘Challenging Environment’

Apple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]

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Samsung certified for business continuity management amid crises

The semiconductor market has been in turmoil for the past couple of years due to supply chain disruptions caused by COVID and, more recently, fears of an economic recession. But despite these hurdles and the fact that Samsung expects profits from its semiconductor business to be halved in 2023, the company recently announced that it […]

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4A Games offers update on the next Metro amid Ukraine war, releases SDK

What you need to know Metro Exodus developer 4A Games has shared a studio update with fans, discussing what it’s like to develop games in the midst of Russia’s war of aggression in Ukraine while also mentioning its plans for the next Metro game. The Ukrainian studio is doing as much as it can to […]

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Metro Exodus dev offers update on the next game amid Ukraine war, releases modding SDK

What you need to know Metro Exodus developer 4A Games has shared a studio update with fans, discussing what it’s like to develop games in the midst of Russia’s war of aggression in Ukraine while also mentioning its plans for the next Metro game. The Ukrainian studio is doing as much as it can to […]

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Apple’s Stock Hit 18-Month Low This Week Amid iPhone 14 Pro Supply Issues

Apple’s shares fell to an 18-month low this week amid iPhone supply issues and a broader downturn in the stock market. Apple’s stock closed at $126.04 on Wednesday to reach its lowest mark since June 2021, and still remains within that territory. Apple’s manufacturing partner Foxconn has faced iPhone production constraints due to COVID-19-related issues […]

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Elon Musk Meets With Apple CEO Tim Cook Amid Claims of Twitter App Store Dispute

Wednesday November 30, 2022 12:43 pm PST by Juli Clover Twitter CEO Elon Musk today met with Apple CEO Tim Cook at the Apple Park campus in Cupertino, California, according to a tweet shared by Musk this afternoon. Musk thanked Cook for taking him around Apple’s headquarters, with no mention of what the two might […]

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Tim Cook Says Apple Hiring Very Deliberately Amid Economic Uncertainty

In an interview with CBS Mornings co-host Nate Burleson, Apple CEO Tim Cook confirmed that his company is taking a careful approach to hiring amid a period of increased economic uncertainty. The full interview will air on Tuesday, but a preview is available now. “So what we’re doing as a consequence of being in this […]

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Apple Losing Talent to Google Amid Push to Improve Spotlight and Launch Search Engine

Apple is seeking to improve Spotlight search, but is still years away from launching a search engine to rival Google, according to The Information. The paywalled report explains that Apple’s search technology faces a setback amid loss of talent to Google. In 2018, Apple sought to bolster development of a web search engine by buying […]

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Intel Reportedly Plans Thousands of Layoffs Amid PC Market Slowdown

Intel plans to slash its employee numbers by the thousands in a bid to cut costs in the face of the slowing global PC market, a new Bloomberg report has claimed. The company’s sales and marketing teams could see cuts affecting around 20% of staff, said the report, citing people with knowledge of the matter […]

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‘We Are the Asteroid’: The Case for Hope Amid Climate Fears

Earth’s atmosphere, as it exists, is both a profound statistical anomaly and the very thing that makes human life possible. Human activity is upsetting that natural balance, but there’s hope—and everyone needs to pitch in. That’s what leading voices in the world of climate science, art, and activism told us during the first session of […]

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iPhone 14 Plus Facing No Delay Nearly a Week After Pre-Orders Opened Amid Reports of Low Demand

Thursday September 15, 2022 5:17 am PDT by Sami Fathi The iPhone 14 Plus, Apple’s 6.7-inch non-Pro iPhone, is facing no delays for delivery nearly a week after pre-orders opened, indicating demand for the new model may be low. Pre-orders for all models of the ‌iPhone 14‌ lineup opened last Friday, with delivery for all […]

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Apple’s Mac Shipments Grew in Q2 2022 Amid Continued Worldwide PC Shipment Decline

Apple’s worldwide Mac shipments were up in the second quarter of 2022, according to new PC shipping estimates shared today by Gartner. Apple shipped an estimated 6.4 million Macs during the quarter, up from 5.8 million in the year-ago quarter, marking 9.3 percent year-over-year growth. Gartner’s Preliminary Worldwide PC Vendor Unit Shipment Estimates for 2Q22 […]

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Samsung halts component orders amid fears of oversupply and global inflation

Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. The company has temporarily suspended orders for several components that are required to manufacture various consumer electronics. Samsung appears to have sent a notice to multiple suppliers asking them to delay shipments or reduce part orders due to bloated inventories. (via […]

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Apple’s Stock Down 20% Since Early April Amid Broader Market Losses

Apple’s stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today’s session. Apple’s stock price has declined approximately 20% since closing at $178.44 on April 4. The stock market has experienced broader losses since the start of April, with the S&P 500 down around 13% […]

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Apple Delays Plans for Return to Office Three Days a Week, Masks Required in Common Areas Amid Rising COVID Cases

Amid rising COVID cases across the United States, Apple will not increase the number of days that its corporate employees are required to be in the office, reports Bloomberg. Apple planned to have employees return to the office three days a week on May 23, but that target date is now being delayed. Right now, […]

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EU Plans to Regulate Apple Delayed to Spring 2023 Amid Preparations to Enforce New Rules

The European Union’s wide-reaching new regulations to target Apple and other big tech companies will come into effect in early 2023, according to EU antitrust chief Margrethe Vestager (via TechCrunch). The EU’s Digital Markets Act (DMA) could force Apple to make major changes to the App Store, Messages, FaceTime, third-party browsers, and Siri in Europe. […]

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Foxconn Abruptly Halts Hiring at iPhone Factory Amid New Lockdown and iPhone 14 Delay Concerns

Roughly 24 hours after saying it would ramp up hiring and incentives for new employees, Foxconn, Apple’s main iPhone supplier, said today it would abruptly stop hiring new workers for its plant in Zhengzhou, China, after new COVID-19 lockdowns and restrictions were imposed on the city of nearly 11 million residents. Just yesterday, Foxconn was […]

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Apple Supplier Ramps Up Hiring for iPhone 14 Production Amid Delay Fears

Apple has asked Foxconn to start recruiting workers to assemble iPhone 14 models earlier than usual amid fears that China’s lockdowns could lead to short supply or delays later in the year, United Daily News reports. Foxconn, Apple’s main assembly partner, has reportedly launched a large recruitment drive for its factory in Zhengzhou this week, […]

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iPhone and MacBook Production Suspended in Key Locations Amid New Lockdowns

Critical Apple suppliers who produce iPhones and MacBooks have suspended production in key locations amid new restrictions and lockdowns that threaten an already constrained supply chain, Nikkei Asia reports. Citing a stock exchange filing, Nikkei Asia reports that Pegatron, one of Apple’s leading iPhone suppliers after Foxconn, has suspended ‌iPhone‌ production at its facilities in […]

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