Wall Street Beating
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Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
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Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint
Despite beating quarterly overall sales estimates, investors want better results from the hundreds of billions of dollars that Wall Street heavyweights have been spending to build AI data centers and infuse their products with the emerging technology.
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Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
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Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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iPhone Sales Help Apple Beat Q4 Estimates, Holiday Forecast Disappoints Amid Weak iPad, Wearables Demand
Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3 percent in after-hours trading.
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Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
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IT Department Said to Be Considering Tax on Netflix's India Operations: All Details
Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.
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Call of Duty: Modern Warfare Crossed $1 Billion in Sales Within 10 Days of Launch, Says Activision
Activision Blizzard beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its Call of Duty franchise. The latest Call of Duty crossed the $1 billion (roughly Rs. 8,275 crore) mark within 10 days of its late-October launch, the company said.
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Netflix Beats Estimates to Reverse Subscriber Slump, Says Ad-Supported Plan to Attract 4.5 Million Subscribers
Netflix on Tuesday announced that the streaming service had reversed losses in subscribers reported in the previous quarter, adding 2.4 million new subscribers worldwide in Q3 2022. The service said that it expects its recently announced ad-supported streaming option to bring 4.5 million new subscribers to the service by the end of 2022.
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Apple CEO Tim Cook Forecasts Holiday Quarter iPhone Sales That Top Wall Street Estimates
Apple CEO Tim Cook announced holiday quarter forecasts that beat Wall Street expectations, driven by strong demand for iPhone 17 models despite supply constraints and shipping delays to China. Although iPhone sales missed fiscal Q4 targets, Apple compensated with robust performance in other areas, including AI-powered AirPods that translate languag...
-
Microsoft Shares Slide as Cloud Forecast, AI Spending Disappoint
Despite beating quarterly overall sales estimates, investors want better results from the hundreds of billions of dollars that Wall Street heavyweights have been spending to build AI data centers and infuse their products with the emerging technology.
-
Apple Offers Modest Growth Outlook After iPhone Sales Help Beat Profit Expectations
Apple's iPhone 16 sales boosted the company's quarterly sales beyond Wall Street expectations, the company said on Thursday. However, questions linger about the sustainability of this momentum through the holiday sales period. The company's executives did not give any indication of how the iPhone might fare, including in China, where the company's ...
-
Microsoft Forecasts Slower Cloud Business Growth in Second Quarter
Microsoft has forecast an increase in spending on AI this quarter and warned of slower growth in its cloud business Azure, even as the company beat Wall Street's estimates for first-quarter revenue and profit.. The Redmond company has signalled that big AI investments were not enough to keep pace with capacity constraints at its data centres.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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iPhone Sales Help Apple Beat Q4 Estimates, Holiday Forecast Disappoints Amid Weak iPad, Wearables Demand
Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3 percent in after-hours trading.
-
Grand Theft Auto, NBA 2K Drive Take-Two Quarterly Sales to $1.39 Billion, Beating Wall Street Estimates
Take-Two Interactive Software on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles "NBA 2K" and "Grand Theft Auto", sending the video game publisher's shares up 8 percent in extended trading.
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IT Department Said to Be Considering Tax on Netflix's India Operations: All Details
Netflix's income from streaming services in India could soon be taxed by the government, according to an ET report. The streaming firm could be the first overseas digital company providing consumers with electronic commerce services to be taxed in India.
-
Call of Duty: Modern Warfare Crossed $1 Billion in Sales Within 10 Days of Launch, Says Activision
Activision Blizzard beat Wall Street estimates for fourth-quarter adjusted sales on Monday, thanks to the success of the latest game in its Call of Duty franchise. The latest Call of Duty crossed the $1 billion (roughly Rs. 8,275 crore) mark within 10 days of its late-October launch, the company said.
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Netflix Beats Estimates to Reverse Subscriber Slump, Says Ad-Supported Plan to Attract 4.5 Million Subscribers
Netflix on Tuesday announced that the streaming service had reversed losses in subscribers reported in the previous quarter, adding 2.4 million new subscribers worldwide in Q3 2022. The service said that it expects its recently announced ad-supported streaming option to bring 4.5 million new subscribers to the service by the end of 2022.
