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981 days ago

Quarterly profits for Apple, Alphabet, and Microsoft total $57 billion

Apple, Alphabet, and Microsoft reported earnings on Tuesday, indicating that demand for digital services and gadgets has remained strong, making tech the largest winners of this year's gradual rebound. During the most recent quarter, the three US IT companies made combined after-tax earnings of about $5 billion each week. The amount was almost double the year before, at $56.8 billion, and 30% higher than Wall Street had projected. Source: Financial Times 

#Stocks #Technology

981 days ago

Meituan and Tencent won't be saved by dip buyers

Chinese investors are turning against China's technology giants, removing a pillar of support that helped the sector through previous market routs. Mainlanders have sold a net $4.2 billion worth of Tencent Holdings Ltd. shares in July in what is likely to be the biggest monthly outflow in at least a year. Their stake in the company has fallen to the lowest since February, the data show. They have also sold a net HK$13 billion of Meituan shares this month, cutting holdings to the lowest since May. Source: Bloomberg, Yahoo Finance

#Stocks #Technology
Meituan and Tencent won't be saved by dip buyers

982 days ago

China's NIO managed to double Q2 sales despite chip shortage

EV company NIO continues to see a strong demand for its luxury SUVs in 2021, after more than doubling deliveries in 2020. They also managed to double their EV sales for Q2. Their revenue is expected to double to $5.44 billion in 2021, according to FactSet. Source: FactSet, Investors.com

#Stocks #Technology
China's NIO managed to double Q2 sales despite chip shortage

982 days ago

Tesla beats earnings expectations, stock price climbs 2.2%

Tesla's stock price climbed 2.2% ahead of the company's earnings results after the close. Earnings beat Wall Street's estimates, with a $1.45 earnings per share vs a $0.94 expectation. Source: Investors.com

#Stocks #Technology
Tesla beats earnings expectations, stock price climbs 2.2%

982 days ago

Commercial music streaming, by market share

Spotify has a solid grasp over commercial music streaming, with around a third of the total market share, followed by Apple Music, Amazon Music and Tencent. Source: Midia Research Music Model

#Stocks #Technology
Commercial music streaming, by market share
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