đź”’ Boardroom Talk: ‘Less is more’ approach by FAANGs offers lessons for conquering transforming markets
Alec Hogg writes on watching on-demand television and the window into potential revenue for two of the FAANGs.
Apple
🔒 Apple investors’ loyalty is rewarded with a $454 billion gift
Despite 2022’s multiple blows for Apple, investors still expect the company to be immune from an economic slowdown.
After scoring an A for 2022, Sean Peche shares his 2023 investment “Surprises”
Ranmore Funds founder Sean Peche is warning us to expect the unexpected in the New Year, offering “Surprises”.
đź”’ Apple scales back self-driving car and delays debut until 2026
Apple is scaling back on its grandiose self-driving project for its future electric cars – delaying the vehicle’s targeted launch date.
Amazon and other tech companies continue to lay off thousands of employees
Tech companies are trimming staff and slowing hiring as they face higher interest rates and sluggish consumer spending in the US.
Apple to produce 3 million fewer iPhone 14 models than first expected
Apple expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year.
Magnus Heystek buys bitcoin and compliments BizNews share portfolio’s offshore focusÂ
Magnus Heystek compares the BizNews share portfolio’s performance to some of SA’s largest asset managers that have greatly underperformed.
đź”’ Apple pause, Lyft layoffs herald new phase of tech austerity
Tech companies made moves earlier this year to rein in costs, with many of the industry’s biggest firms freezing hiring or cutting some departments. Even Apple Inc., which has outperformed most of its peers this year, is slowing spending and has paused much of its hiring.
đź”’ Alphabet, Microsoft lead bear-market earnings season
Shares of Meta have lost 61%, their biggest drop since the company went public a decade ago. Apple, Alphabet, Amazon and Microsoft are set for their steepest declines since the global financial crisis.Â
Tech industry faces another blow as PC sales slide
The global PC market saw its steepest decline on record as economic uncertainty and a glut of unsold inventory dented shipments.