The iPhone “super cycle”, a wave of upgrades and new customers that was supposed to wash over Apple this year with the introduction of its model X, was pronounced dead on arrival, according to Bloomberg.
Nintendo shares rose after the company raised its outlook for profit and Switch sales for a second straight quarter following robust shipments during the holidays, the strongest sign yet that the console is going to be a long-term success, according to Bloomberg.
SAP CEO Bill McDermott has backed U.S. President Donald Trump’s tax plan, and revealed a $2.4 billion deal for Callidus Software, its biggest acquisition in more than three years, according to Bloomberg.
Amazon reported the strongest holiday quarter sales growth in eight years, fueled by the company’s dominance in e-commerce and cloud computing even as it pushes into new businesses such as advertising, entertainment and groceries, according to Bloomberg.
Microsoft topped analysts’ estimates for second-quarter revenue, helped by brisk quarterly growth in its cloud and corporate-software businesses, while a tax charge caused the company to report a net loss, according to Bloomberg.
Intel posted record revenue in 2017, but it wasn’t enough. According to Bloomberg, Samsung just knocked Intel off its perch as the world’s biggest chipmaker by revenue, a spot the U.S. company has held since 1992.
Apple executives, seeking to improve the performance of iPhone software after months of reported quality issues, have decided to delay some key features originally planned for this fall’s update, according to Bloomberg, citing a person familiar with the matter.
AMD, trying to make a dent in Intel’s dominance of computer processors, projected revenue will grow more quickly than some analysts had estimated, but gave a disappointing forecast for profitability, according to Bloomberg.
VMware plunged after CNBC reported that it’s considering acquiring Dell in a reverse merger, bringing Dell back to public markets in what could be the industry’s biggest deal ever, according to Bloomberg.
U.S. regulators and the wireless industry are pushing back against a plan under discussion by the Trump administration to build a secure 5G network, possibly with government control, amid concerns about China and cybersecurity, according to Bloomberg.
The eye-popping $38 billion tax bill that Apple said it plans to pay on its mammoth pile of accumulated foreign earnings will probably hit federal coffers in an eight-year trickle, not a one-time torrent, according to Bloomberg.
Microsoft will start adding new video games, including upcoming “Halo” and “Gears of War,” to a monthly subscription service it introduced last year in an effort to lure gamers from Sony and Nintendo, according to Bloomberg.