Apple lost its crown as the world’s most valuable public company to Microsoft on Friday, as the iPhone maker’s shares fell about 2 percent. Apple took a $6 billion (roughly Rs. 44,940 crore) hit to its sales during the fiscal fourth quarter due to persistent global supply chain problems, leading to a miss on Wall … Read more
Apple lost its crown as the world’s most valuable public company to Microsoft on Friday, as the iPhone maker’s shares fell about 2 percent. Apple took a $6 billion (roughly Rs. 44,940 crore) hit to its sales during the fiscal fourth quarter due to persistent global supply chain problems, leading to a miss on Wall … Read more
Three tech companies — Apple, Microsoft and Google owner Alphabet — reported combined profits of more than $50 billion (roughly Rs. 3,72,165 crores) in the April-June quarter, underscoring their unparalleled influence and success at reshaping the way we live. Although these companies make their money in different ways, the results served as another reminder of … Read more
Microsoft posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services. Shares ticked up 0.7 percent after Microsoft projected that growth in its Azure cloud computing business will … Read more
