Huawei’s latest high-end phone, the Pura 70 Pro, has shown an increase in the use of Chinese suppliers in its components, indicating a significant step towards technology self-sufficiency in China. A teardown analysis conducted by online tech repair company iFixit and consultancy TechSearch International revealed a NAND memory chip likely packaged by Huawei’s in-house chip
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Uber Technologies saw a significant drop of over 8% in response to mixed first-quarter results. While the company’s overall revenue surpassed expectations, reaching $10.13 billion, the loss of 32 cents per share was disappointing compared to the forecasted earnings of 23 cents per share. Reddit Shares of Reddit rose by approximately 3% following a report
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations by exceeding first-quarter results. Using artificial intelligence to develop innovative beauty products, Oddity reported earnings per share of 61 cents compared to the expected 49 cents. Additionally, revenue reached $211.63 million, surpassing the projected $205 million. This remarkable performance showcases the company’s potential in
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In midday trading, tech giant Apple saw a significant jump of more than 6% following the announcement that it would repurchase $110 billion in shares. Additionally, Apple exceeded expectations by posting beats on both the top and bottom lines, reporting fiscal second-quarter earnings of $1.53 per share on $90.75 billion in revenue. Analysts had estimated
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Wayfair recently announced its first-quarter results, showcasing a decrease in sales but a significant reduction in losses. The online furniture retailer managed to beat Wall Street’s expectations, proving to be a positive sign for the company. Despite challenges faced by the industry, Wayfair was able to grow its active customer base and make strategic cost
In a surprising move just prior to releasing their first-quarter earnings report, Google announced that it would be letting go of about 200 employees from its “Core” teams. This reorganization will involve transferring some roles to India and Mexico, a decision that has raised eyebrows within the tech industry. The Core unit is crucial for
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Amazon recently reported its first-quarter earnings, surpassing expectations with both its earnings per share and revenue figures. The company’s revenue of $143.3 billion exceeded the forecasted $142.5 billion, while its earnings per share of 98 cents outperformed the expected 83 cents. The stock market reacted positively to the news, with Amazon’s stock price rising during
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