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Glenn CHAPMAN AFP

Apple earnings beat forecasts on iPhone 17 demand

Apple earnings beat forecasts on iPhone 17 demand

Apple said Thursday it had its best-ever start to the year when it came to earnings, with iPhone demand and digital service sales helping it beat expectations. The pioneering Silicon Valley company reported profit of $29.6 billion on revenue of $111.2 billion in the recently ended quarter.

Intel earnings signal recovery at US chip maker

Intel earnings signal recovery at US chip maker

Shares in Intel soared on Thursday after it smashed quarterly earnings expectations in what could be a sign that the US chip maker is on a path to recovery. Intel reported revenue of $13.6 billion in a 7 percent increase from the same quarter a year earlier, but logged

SpaceX partners with AI startup Cursor, may buy it for $60 bn

SpaceX partners with AI startup Cursor, may buy it for $60 bn

SpaceX on Tuesday announced a partnership with AI coding company Cursor and said the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk's rocket and satellite company comes as it prepares to become publicly traded, and shortly

John Ternus to lead Apple in the age of AI

John Ternus to lead Apple in the age of AI

The future of Apple is being entrusted to a company veteran said to combine hardware brilliance with "the soul of an innovator." John Ternus, 50, will take over as Apple chief executive in September, with Tim Cook becoming executive chairman of the iPhone maker's board of

Apple's Tim Cook to step down as CEO after 15-year run

Apple's Tim Cook to step down as CEO after 15-year run

Apple's Tim Cook will step down as the California tech giant's chief executive this year, handing the top job to a company veteran as it navigates a technology landscape being upended by AI. The 65-year-old Cook, who ran Apple for 15 years after taking

Tim Cook's time as Apple chief marked by profit absent awe

Tim Cook's time as Apple chief marked by profit absent awe

An Alabama-born engineer seen as a supply-chain savant, Tim Cook took on the daunting challenge of succeeding Apple's iconic boss Steve Jobs 15 years ago. While Cook is not known for the culture-changing "one more thing" gadget reveals that Jobs fans came to

Netflix shares dive as co-founder Reed Hastings steps away

Netflix shares dive as co-founder Reed Hastings steps away

Netflix shares plummeted more than nine percent Thursday as the TV streaming titan's quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving. Hastings, who helped grow the revolutionary DVD-by-mail company into a global entertainment behemoth, will depart Netflix to "