Apple did versus Refinitiv consensus estimates:
EPS: $1.52 vs. $1.43 estimated
Revenue: $97.28 billion vs. $93.89 billion estimated, up 8.59% year over year
iPhone revenue: $50.57 billion vs. $47.88 billion estimated, up 5.5% year over year
Services revenue: $19.82 billion vs. $19.72 billion estimated, up 17.28% year over year
Other Products revenue: $8.81 billion vs. $9.05 billion estimated, up 12.37% year over year
Mac revenue: $10.44 billion vs. $9.25 billion estimated, up 14.73% year over year
iPad revenue: $7.65 billion vs. $7.14 billion estimated, down 1.92% year over year
Gross margin: 43.7% vs. 43.1% estimated
Dat Bike is on a journey to reduce the amount of gasoline used in Vietnam, raising a $5.3 million Series A led by Jungle Ventures, with participation from Wavemaker Partners. The latest funding brings Dat Bike’s total to $10 million raised since it was founded in 2019.
Tesla Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.
Tesla (TSLA) shareholders had accused Musk of coercing Tesla's board into buying SolarCity, a struggling rooftop solar panel maker, to rescue his investment, and had sought up to $13 billion in damages.
The world's largest commercial drone-maker DJI has suspended all business activities in Russia and Ukraine.
Since the start of the war, Ukraine has urged the company to take steps to stop its drones being used by Russia. The Chinese firm said the decision was not a statement about any country, and its drones are not for military use. But Taras Troiak, chairman of the Ukrainian Federation of UAV Owners, told the BBC he doubted it would stop Russia's military using DJI drones.
Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country's franc as legal tender.
According to a Wednesday report from news outlet Agence France-Presse, Central African Republic President Faustin-Archange Touadéra has signed a bill into law establishing a regulatory framework for the use of cryptocurrency in the country as well as adopting Bitcoin (BTC) as legal tender.
Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading.
EPS: $3.21, adjusted, versus $2.91 expected, up 69% year-over-year
Revenue: $11.16 billion, adjusted, versus $10.60 billion expected, up 41% year-over-year
Apple's Self Service Repair program is now available in the US. If you have an iPhone 12, iPhone 13 or third-generation iPhone SE, you can buy key parts (such as batteries, cameras and displays) from a dedicated store and consult official repair manuals as you fix a device yourself. You can even spend $49 to rent a toolkit for a week if you'd rather not buy tools you're unlikely to use often. The program will expand to other countries later this year, starting with Europe.
Earnings per share: $2.72 vs $2.56 expected, according to a Refinitiv survey of analysts
Revenue: $27.91 billion vs $28.2 billion expected, according to Refinitiv
Daily Active Users (DAUs): 1.96 billion vs 1.95 billion expected, according to StreetAccount
Monthly Active Users (MAUs): 2.94 billion vs 2.97 billion expected, according to StreetAccount
Average Revenue per User (ARPU): $9.54 vs. $9.50 expected, according to StreetAccount
Lucid Motors announced a new agreement with Saudi Arabia and its Ministry of Finance to purchase 50,000 EVs over the next ten years with the option to purchase an additional 50k over that same timeframe. The agreement is part of the first of four planned expansion phases already underway.
Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year’s authorization of $50 billion and authorization of $25 billion in 2019.
The announcement on Tuesday is a significant acceleration in the Google parent company’s strategy to return capital to shareholders through share buybacks.
Microsoft’s third quarter 2022 financial results are here, and the company’s posting double-digit growth yet again: revenue of $49.4 billion and net income of $16.7 billion. Revenue is up 18 percent, and the profit represents an 8 percent jump year over year. Microsoft is crediting a chunk of this quarter’s growth to the cloud, with server and cloud services revenue up 29 percent specifically, and Microsoft Cloud up 32 percent to $23.4 billion.
Fort Worth, Texas is getting into the bitcoin mining business, in a push to present the city as a leader in crypto.
Council members unanimously voted in favor of a resolution on Tuesday to accept a donation of three Bitmain Antminer S9 bitcoin mining machines worth $2,100 from the Texas Blockchain Council.
“These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation,” said Mayor Mattie Parker, who spearheaded the project.