Apple’s record-setting growth has finally come to an end. During the company’s first quarter earnings call on Tuesday, Apple reported its first year-over-year decline since 2003. Apple reported revenues of $50.6 billion, down from about $58 billion during the same period last year.
Despite losing money last quarter, Tesla shares are still up after their earnings report. Why? Because the company is beating estimates on how many cars it will be able to produce this year.
Yahoo is having a midlife crisis. Today, the company announced that it’s seeking strategic alternatives (i.e. - looking to sell some or all of its properties) in an attempt to generate more cash and please shareholders.
Holy fucking shit. Apple made a fucking ton of money this quarter. Apple is reporting a record-setting quarterly revenue of $75.9 billion surpassing the the $74.6 billion it reported a year ago.
Apple wasn't the only one balling this quarter on the back of new computer sales. Microsoft's profits were up a huge 79 percent against last year to hit $6.48 billion (on record revenues of $16.37 billion), mostly thanks to people snapping up Vista-loaded computers (whether they want the OS or not).