Apple warned that it will miss its revenue forecasts for the current quarter due to the business impact from the coronavirus. In a statement, the company said its business will suffer both because of production problems in China and weak demand among consumers in the country, where the outbreak of the virus originated. Apple said its worldwide iPhone supplies will be “temporarily constrained” as...
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Revenue Soars at Alphabet’s Verily as It Inches Toward Independence
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses but may be moving closer to gaining independence from Google’s parent company, according to previously undisclosed financial information. Revenue at Verily more than doubled in the first nine months of last year to $470 million from $228 million in the same period of 2021, making it by far the...
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