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Facebook accused of knowingly inflating its ad audience
Facebook's senior executives knew that it was overestimating the number of users its advertisers could reach, according to an amended lawsuit.
All of Disney's streaming services are booming
Just about six months after the company announced it had over 100 million streaming video subscribers, Disney has revealed it has almost that many on Disney+ alone.
Twitter's pandemic growth is slowing down
Twitter is warning that the surge of growth it saw in 2020 will slow down in 2021, the company said in its fourth-quarter earnings report.
Ford commits $29 billion to electric and autonomous vehicle development
Ford will invest $29 billion in electric and autonomous vehicles through 2025, more than double the $11.5 billion it promised through 2022 less than a year ago, the automaker announced.
Sony has already sold more than 4.5 million PS5s
Sony never seemed to have enough PlayStation 5 stock since it launched, but still managed to sell 4.5 million of the consoles in 2020.
YouTube and Search continue to make Alphabet tons of money
Google parent company Alphabet has released its fourth quarter and fiscal year 2020 results and the numbers are staggering. This continues a trend of revenue growth that we saw last quarter, when Alphabet reported earning $46.2 billion compared to the $40.5 billion from the same period in 2019.
The Nintendo Switch just had its best quarter yet
The extra units mean the Switch has now surpassed the Nintendo 3DS and 2DS family, which currently stand at 75.94 million units. If the Switch has a normal spring quarter — selling at least 2.5 million consoles — it will pass the Game Boy Advance, which managed 81.51 million sales. After that, the Switch only has three pieces of Nintendo hardware to overcome: the Wii, Game Boy and DS family.
Samsung boosts profits despite a drop in smartphone sales
Samsung boosted profits by 26.4 percent for its fourth-quarter despite an 11 percent drop in smartphone sales over last year, the company announced.
Tim Cook: Active install base of iPhones is now over 1 billion
There are over 1 billion active iPhones.
Tesla's 'transformative' fourth quarter tops a full year of positive revenue
It’s 2021 and nearly 7 percent of the US workforce is currently idle on account of the pandemic but heck if Tesla CEO Elon Musk isn’t still making money hand over fist. The company reportedly handed off 499,550 vehicles in 2020 — just a hair shy of its 500k delivery target and a 36 percent increase over 2019’s delivery figures. “Given Tesla’s stock doubling again since November, we believe... bulls are betting on Tesla leading commercialization of autonomous vehicles technology,” Oppenheimer analyst Colin Rusch told Yahoo!
Apple reports $111 billion in quarterly revenue, shattering previous record
Apple's iPhone 12 series pushed company earnings to a new record: $111.4 billion in a single quarter.
Huawei may spin off its P and Mate smartphone brands
After selling Honor last year, Huawei may spin off its premium Mate and P smartphone brands next to get around crippling sanction.
Intel's PC business is up 33 percent thanks to cheap notebooks
We already know that 2020 was a huge year for PC shipments, now Intel is confirming that report with explosive fourth quarter earnings results. Intel's Client Computing Group, which houses its PC products, reached $10.9 billion in revenue during the quarter, a 9 percent jump over last year.
Netflix grows to over 200 million subscribers globally
Netflix now has over 200 million subscribers worldwide.
Uber's delivery business was a saving grace in a tough quarter
It’s fair to say that Uber’s business was challenged in a huge way by the 2020 coronavirus pandemic. Unsurprisingly, gross revenue from its “mobility” group dropped significantly compared to a year ago — $2.9 billion in mobility revenue represented a 53 percent year-over-year decline. Total revenue for the company across all its segments declined 18 percent year-over-year — a significant drop, but it’s undeniable that Uber Eats kept that loss from being much more significant.
Nintendo Switch lifetime sales soar past the NES
Nintendo Switch lifetime sales soar past the NES
Twitter user growth stalled after big gains earlier this year
Despite growing users last quarter, revenue took a big hit as advertisers pulled back their budgets in a big way. That trend reversed itself this time — Twitter’s quarterly revenue was $936 million, up 14 percent year-over-year.
Apple's Macs, iPads and services offset weak quarterly iPhone sales
Apple just released its Q4 2020 earnings, and as usual, the numbers for July through September illustrate the company in a sort of transitional part of the year. Since this is 2020, though, hardly anything could be described as business as usual, which makes this release especially interesting.
Facebook is losing users in the US and Canada
The surge in growth Facebook saw at the start of the coronavirus pandemic appears to be slowing down.
While we were staying home, Amazon amassed $96.1 billion in sales
The Coronavirus has been very good for Amazon’s bottom line. This success has helped further Amazon’s rapid expansion. The company announced that it has hired 100,000 permanent workers in North America as well is hiring another 100,000 seasonal employees.