Apple’s revenue fell 5% in the December quarter as the company’s iPhone sales shrank 8%, which the company said was due to supply constraints in China. Net income dropped 13% to a little less than $30 billion. Apple executives told analysts that iPhone “production is now back to where we want it to be.” But they also projected that the March quarter performance would be similar to the December...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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