(Reuters) – Apple Inc (AAPL.O) took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s (INTC.O) modem business in a deal valued at $1 billion, the companies said on Thursday. FILE PHOTO: The logo of Apple …
See Original Article
Core products revenue declined by 13% year over year, accounting for 31% of total revenue. Advanced products revenue rose 53% year over year,
See Original Article
Alphabet’s stock soared nearly 9% after-hours as the company beat analyst expectations on both the top and bottom line in its second-quarter earnings and announced plans for a $25 billion buyback of its Class C stock. The company reported Q2 revenues of …
See Original Article
Facebook cofounder Chris Hughes has been meeting with the US government about breaking up Facebook, according to The New York Times. Hughes has become an outspoken advocate for antitrust action against his former employer, arguing it’s too …
See Original Article
For years, Tesla Inc.'s Elon Musk loved his chain of store and service centers. Quarter after quarter, the carmaker kept adding more, even waging legal
See Original Article