Despite being enormously profitable, Google’s parent company, Alphabet, has ballooned its expenditures on experimental projects. It’s gotten so bad that the company said it intends to make sure all that spending makes sense.
It looks like interest in the iPhone is finally waning. For the first time since its creation in 2007, Apple is reporting a year-over-year dip in demand for its pricey pocket computer. That said, Apple still sold a lot of iPhones!