Baidu beats estimates on strong video streaming growth – gpgmail

Chinese technology group Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQiyi continues to see strong growth. The 19-year-old firm’s shares were up more than 9% in extended trading. The […]

Uber lost more than $5B last quarter – gpgmail

Uber has disclosed earnings for the second time since becoming a public company, reporting revenues of $3.16 billion on losses of $5.2 billion for the second quarter of 2019. Uber (NYSE: UBER) closed up more than 9% Thursday at $42.98 per share, just below its $45 IPO price, but took a nose dive more than […]

Fitbit lowers guidance after Versa Lite disappoints – gpgmail

Fitbit continued solid device growth for Q2, up 31%, year over year, representing a 5% bump in revenue. From that angle, the company’s long-term turnaround appears to be on track — but things weren’t all cheery this time out. Notably, the company’s stock is down in after-hours trading after it lowered guidance for annual revenue. […]

Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute – gpgmail

As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand for chips and smartphones. The company said its second-quarter operating profit fell 55.6% year-over-year to 6.6 trillion won (about $5.6 billion), on consolidated revenue of 56.13 trillion won, slightly above the guidance it issued three […]

iPhones have weak quarter, but wearables are doing great – gpgmail

As anticipated, Apple’s hardware numbers were a mixed bag during today’s fiscal Q3 earnings report. Apple continues to shift much of its resources to services and content, including a billion-dollar push into Apple TV+. But while iPhone number were down, things weren’t all bad on the device front. Notably, wearables are up in a big […]

Apple’s services revenue grows 13% year-over-year – gpgmail

One of the constant refrains about Apple in 2019 is its shift toward services — a trend that’s reflected, once again, in its third-quarter earnings release. In fact, the release trumpets the “all-time high” for services revenue in its headline, while a statement from CEO Tim Cook describes this as “our biggest June quarter ever […]

Apple’s revenue growth slows as iPhone sales dip 12% year-over-year – gpgmail

Apple just released its Q3 earnings and it had a solid June quarter, outperforming analyst expectations. The company reported $53.8 billion in revenue and $2.19 earnings per share. The company’s stock popped 4% on the news. Apple’s June quarter revenue showcases just how much revenue growth has been slowing for the company. The Q3 2019 […]

AWS revenue growth slips a bit, but remains Amazon’s golden goose – TechCrunch

Like Azure last week, AWS reported some slippage in its cloud earnings growth numbers today, dropping from 49% growth last year at this time to 37% this year. Total revenue increased from Q2 last year, from $6.105 billion to $8.381 billion this year. Today’s report puts the company on an astonishing run rate of more […]

Google Cloud’s run rate is now over $8B – gpgmail

It’s been a while since Google last shared any fundamental financial data about its cloud business. In today’s earnings call, though, Google CEO Sundar Pichai, who recently installed former Oracle exec Thomas Kurian as the new head of Google Cloud, announced that this business unit now has an $8 billion annual revenue run rate. That’s […]

Google says it doubled Pixel sales year-over-year – gpgmail

It looks like the mid-range Pixel 3a is the hit Google surely hoped it would be. Alphabet reported some pretty good earnings today, but the company’s report tends to be pretty generic, given that it doesn’t provide details for its different business units inside of Google and its other segments. That’s not to say there […]