Apple posted 11% higher revenue of $123.9 billion, driving 20% higher net income, thanks to 9% higher revenue from iPhone and a 25% jump in revenue from Macs. In contrast, revenue from iPads fell 15%. Apple CEO Tim Cook said the iPad business had been affected by supply shortages. Services revenue, which has been one of the big growth businesses for Apple in recent years, rose 24% to $19.5...
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Meta Rehires Partnerships Executive After Vowing to Shrink Management
Meta Platforms CEO Mark Zuckerberg’ effort to cut back on middle managers isn’t stopping the company hiring more middle managers. Meta has re-hired a veteran manager, Nick Grudin, to oversee its relationships with media companies and other creators, just seven months after Grudin quit to join Dapper Labs, an NFT startup. Grudin will resume his old job, reporting to his previous boss...
Virgin Orbit Nears $200 Million Funding Deal
Amazon Tests Palm-Scanning Technology at Panera Bread
Toyota Phases Out Amazon Alexa in Vehicles, Explores ChatGPT
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