Apple’s shipments of iPhones intended for Chinese consumers plummeted in February at the height of the country’s coronavirus outbreak, official data suggests. Data published Monday by the China Academy of Information and Communications Technology, which is affiliated with the country’s technology ministry, suggests iPhone shipments in China fell as much as 61% to around 494,600 units in February...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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