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E-commerce Apple COVID-19

Apple’s Rising Profits ‘Stand in Stark Relief’ to Global Economic Pain

By Amir Efrati
· · Source: The Information

Apple’s sales and profit grew by double digits in the second quarter of the calendar year—the first full quarter of the Covid-19 pandemic—despite some closures of its retail stores during that period. Its shares rose more than 5% in after-hours trading from results that, along with strong results from Amazon and Facebook, cemented the business theme of 2020: For the most part, the strong are...

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Exclusive Startups Amazon
AI Startups Proliferate as Businesses Look for Savings
By Amir Efrati · Aug. 12, 2020 7:10 AM PDT

Artificial intelligence has taken some punches. For years, IBM’s Watson promised to transform the business world but failed to live up to its own hopes and marketing blitz. Tesla CEO Elon Musk and others vowed to build cars that drive themselves, but they aren’t even close to that goal. In June, The Economist declared: “An understanding of AI’s limitations is starting ...

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Media Mogul Sumner Redstone Dies at 97
By Martin Peers · Aug. 12, 2020
Tencent’s Earnings Boosted by Strong Online Games Revenue
By Juro Osawa · Aug. 12, 2020
Apple Supplier Foxconn Reports Rising Profits Despite Slower Smartphone Sales
By Shai Oster · Aug. 12, 2020
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