Apple Q2 Results
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Apple Predicts Higher Memory Costs Will Impact Its Q2 Gross Margin Despite Record Earnings
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record re...
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iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics
iPhone assembler Foxconn on Monday reported that its Q2 net profits have dropped by one percent, amid a decline in consumer demand. The net profit for the April-June quarter slipped to T$33 billion (roughly Rs. XXX crore), according to the Apple supplier. Foxconn said it expects revenue for smart consumer electronics to see a year-on-year decline i...
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Big Tech Firms See Robust Results in Pandemic-Hit Quarter
Big Tech firms delivered robust Q2 results, underscoring growing consumer reliance on giants like Amazon during the pandemic as well as their extraordinary economic power — the subject of a heated US congressional hearing a day earlier.
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Apple Delivers Blowout Q2 Results, Market Shrugs Off iPhone Delays
Apple delivered blowout quarterly results, reporting revenue gains across every category and in every geography. Apple CFO Luca Maestri confirmed a delay in this year’s iPhone launch. However, executives predicted continued strong performance from the company's products.
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Pandora Posts Strong Q2 Results on Ad Sales, Increased Subscribers
Pandora said active users rose about 4 percent to 79.4 million in the second quarter, from a year earlier.
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Galaxy phones drive Samsung to record profit during Apple lull
Samsung benefited from runaway demand for its Android-powered smartphones as rivals including Apple were yet to release new models.
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Apple Predicts Higher Memory Costs Will Impact Its Q2 Gross Margin Despite Record Earnings
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record re...
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iPhone Assembler Foxconn Reports One-Percent Drop in Q2 Net Profit Amid Weak Global Demand for Electronics
iPhone assembler Foxconn on Monday reported that its Q2 net profits have dropped by one percent, amid a decline in consumer demand. The net profit for the April-June quarter slipped to T$33 billion (roughly Rs. XXX crore), according to the Apple supplier. Foxconn said it expects revenue for smart consumer electronics to see a year-on-year decline i...
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Big Tech Firms See Robust Results in Pandemic-Hit Quarter
Big Tech firms delivered robust Q2 results, underscoring growing consumer reliance on giants like Amazon during the pandemic as well as their extraordinary economic power — the subject of a heated US congressional hearing a day earlier.
-
Apple Delivers Blowout Q2 Results, Market Shrugs Off iPhone Delays
Apple delivered blowout quarterly results, reporting revenue gains across every category and in every geography. Apple CFO Luca Maestri confirmed a delay in this year’s iPhone launch. However, executives predicted continued strong performance from the company's products.
-
Pandora Posts Strong Q2 Results on Ad Sales, Increased Subscribers
Pandora said active users rose about 4 percent to 79.4 million in the second quarter, from a year earlier.
-
Galaxy phones drive Samsung to record profit during Apple lull
Samsung benefited from runaway demand for its Android-powered smartphones as rivals including Apple were yet to release new models.
