Apple Inc.’s iPhone business looks to be a portrait of resilience, according to numerous analysts, as the company indicated late Thursday that macroeconomic pressures had yet to dampen demand for its ...
Tag: Consumer electronics
Intel earnings slammed on Wall Street: ‘Such a disconnect between the company’s optimism and the current reality’
Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. Th...
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Apple Earnings Day Is Here. The Dollar and Inflation Could Bite.
Text size Apple is more exposed to the consumer economy than other tech hardware companies. Photo by DANIEL SLIM/AFP via Getty Images Apple will report June quarter earnings late Thursday, and CEO Tim...
Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a major loss
The husband of House Speaker Nancy Pelosi sold more than $4 million worth of shares in software and computer-chip company Nvidia NVDA, +7.60% this week, publicly available financial disclosures show. ...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...
Qualcomm Reports Earnings Today. What to Expect.
Text size Qualcomm is expected to report revenue of $10.86 billion for its June quarter. Josep Lago/AFP via Getty Images Investors will get an important update on Qualcomm’s business when the maker of...
Microsoft earnings: It’s the forecast that matters, so be patient
The most important financial news Microsoft Corp. executives will provide Tuesday requires a bit of a wait. Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after ...
Microsoft’s Activision Deal Is Likely to Win Approval, Analyst Says
Text size Microsoft has said it plans to release Activision’s Call of Duty videogames on Sony’s PlayStation. Rich Polk/Getty Images for Activision Activision Blizzard stock continues to tr...
Google Parts With Engineer Who Claimed Its AI System Is Sentient
Google fired an engineer who contended that an artificial-intelligence chatbot the company developed had become sentient, telling him that he had violated the company’s data security policies after it...
Apple and Microsoft Report Earnings Next Week. Can a Fed Rate Hike Top Them?
Text size Earnings from Big Tech are next week. But so is the Federal Reserve’s announcement on interest rates. Krisztian Bocsi/Bloomberg Big Tech earnings season will shift into fifth gear next...
The Best Tech CEOs: What Matters Most
Text size Shopify CEO Tobi Lütke spent years programming before he co-founded the e-commerce software firm. He has said he knows how long projects will take—and which initiatives to choose—because of ...
Palantir stock’s ‘strength will prove unsustainable,’ analyst says in downgrade
Palantir Technologies Inc. shares are up nearly 50% from their May lows, but one analyst worries that “this strength will prove unsustainable.” Monness, Crespi, Hardt & Co. analyst Brian White dow...
Verizon Stock Falls Sharply on Cut to Earnings Guidance
Text size Verizon said wireless revenue growth for the year will be between 8.5% to 9.5%, lower than previous guidance. David Paul Morris/Bloomberg Verizon Communications posted second-quarter earning...
Seagate’s Earnings Miss Estimates as Demand for Disk Drives Worsens
Text size A Seagate hard drive from an Apple laptop computer. Demand is weakening in consumer-related markets. Brent Lwein/Bloomberg The disk-drive company Seagate Technology posted sales and profits ...
Nokia Boosts Sales as Turnaround Gains Steam
Nokia said it was on track to hit the higher end of its 2022 sales forecast, as sales of its telecommunications equipment rose in North America and its efforts to rebound from the missteps of recent y...
Apple Earnings Could Miss Estimates, Morgan Stanley Warns
Text size The new Apple retail store in Istanbul. Chris McGrath/Getty Images Apple earnings estimates and price targets continue to slip lower as the Street turns wary ahead of the company’s June-quar...
ASML Stock Drops. The Chip Supplier Slashes Sales Outlook Amid Delays.
Text size ASML’s machines are key to the global chipmaking industry. Courtesy Bart van Overbeeke/ASML ASML beat expectations for second-quarter earnings, but shares in the critical supplier of m...
Microsoft Stock Is a ‘Good Place to Hide.’ This Analyst CutsPrice Target Anyway.
Text size Microsoft updated its guidance to reflect higher foreign exchange headwinds ahead of its fourth-quarter earnings report. Jeenah Moon/Getty Images Microsoft won’t be immune to an economic slo...
IBM Earnings Beat Estimates. The CEO Says Tech Demand Remains Strong.
IBM has restructured to focus on software and services tied to hybrid cloud computing and artificial intelligence. David Paul Morris/Bloomberg Text size IBM kicked off tech earnings season with better...
Intel Stock Will Plunge Further, Analyst Says
Text size Intel posted June-quarter financial results that fell far short of Wall Street estimates. David Paul Morris/Bloomberg Bernstein doesn’t believe Intel ’s troubles are behind it after the chip...