Apple reported revenue and profit significantly higher than what Wall Street analysts expected. According to CNBC, “Apple’s revenue was up 9% to $91.8 billion,” thanks in large part to iPhone revenue, “which was up 8% on the strength of new iPhone models.” The report also that Apple’s “Other Products” did $10 billion in sales during the quarter, and that Apple Watch,…
Tag: gross
Apple AirPods Make More Money Than Spotify, Twitter, Snapchat, and Shopify Combined
An anonymous reader shares a blog post from Kevin Rooke, investment specialist and co-founder of blockchain marketing agency agency0x: Imagine a startup with $12 billion of revenue, 125%+ YoY revenue growth (two years in a row), and Apple-esque gross margins (30-50%). Without knowing anything else about the business, what would you value it at? $50 billion? $100 billion? More? That’s Apple’s…
Tuvalu is a Tiny Island Nation of 11,000 People. Licensing of Its .tv Domain Contributes 1/12th To Its Annual Gross National Income
The internet’s full power remains relatively unknown to many people on the tiny island nation Tuvalu (located halfway between Hawaii and Australia), but its evolution has made Tuvalu’s .tv domain one of its most valuable resources. From a report: Thanks to the rise of livestreamed programming and competitive video gaming, Tuvalu earns about 1/12th of its annual gross national income (GNI)…
Netflix Ordered To Stop Poaching Fox Employees
A court on Tuesday issued an injunction barring Netflix from poaching employees from Fox and confirming the validity of fixed-term employment agreements. Variety reports: The ruling marks a hard-fought victory for Fox — now owned by Disney — which set out three years ago to stop Netflix from raiding its employees. Netflix had sought to invalidate Fox’s fixed-term employment contracts, arguing…
Oracle Responds To Wage Discrimination Claims By Suing US Department of Labor
According to The Register, Oracle is suing the Department of Labor for repeatedly accusing the company of discriminating against and underpaying women and minorities. From the report: In a lawsuit [PDF] filed Wednesday in a Washington DC district court, Big Red accuses the U.S. Department of Labor of “unprecedented overreach by an executive agency,” and claims the agency doesn’t have the…
Secretive Energy Startup Backed By Bill Gates Achieves Solar Breakthrough
A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. From a report: Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius….
Walmart Reaches Settlement With Tesla Over Solar Panel Fires, Drops Lawsuit
Walmart has dropped a lawsuit that accused Tesla of breach of contract and gross negligence after rooftop solar panel systems on seven of the retailer’s stores allegedly caught fire. TechCrunch reports: A settlement has been reached and stipulation of dismissal has been filed with the court, a Walmart spokesperson said in an email. It is unclear what the settlement entails. TechCrunch…
The Scoop on Slime — Hyenas Squeeze It from Their Butts and Parrotfish Sleep in Snot Balloons
Gooey, sticky slime isn’t just gross; it’s crucial for the survival of a wide variety of animals and plants, many of which are featured in the new book “Believe It or Snot.” Source: https://www.livescience.com/believe-it-or-snot-book.html