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Everything posted by DudeAsInCool
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Enlarge / Apple's global headquarters in Cupertino, California. (credit: Sam Hall/Bloomberg via Getty Images) The last 24 hours have been flooded with stock market news, from the normal to the nutty. But based on Apple's performance in recent quarters, the earnings the Cupertino company reported today for its first quarter of 2021 were very much on the normal side. And by that, we mean big numbers yet again. According to the report, Apple crossed the threshold for $100 billion in revenue in a single quarter for the first time, and the company posted double-digit sales increases for every single one of its defined product categories. Overall, sales were up 21 percent year-over-year, despite many consumers' struggles in the pandemic-stricken economy. iPhone revenue was $65.6 billion, surpassing analysts' expected $59.8 billion, and beating the same quarter last year by 17 percent. This coincides with the introduction of the iPhone 12 lineup (iPhone 12, iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max), which was the most substantial redesign and upgrade to iPhones since the iPhone X three years earlier. Read 8 remaining paragraphs | Comments View the full article
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Enlarge / The Xbox Series X, which launched in November. (credit: Sam Machkovech) Microsoft delivered its earnings report for Q2 2021 yesterday, and the company has continued its sprint of very strong quarters, again driven primarily by Azure and the cloud. But that same old story isn't the only one here: the report also tells us a thing or two about the new Xbox's performance, as well as Windows and Office. Overall, Microsoft beat analyst expectations. The company's top-level revenue grew 17 percent year over year, reaching $43.08 billion. Analysts had expected $40.18 billion. $14.6 billion of that was from the business segment Microsoft calls "Intelligent Cloud," which most notably includes Azure but also some other professional services like GitHub. Cloud wasn't the only positive story, though. Personal Computing including Windows, Xbox, and Surface grew 15 percent compared to the previous year to just over $15 billion. That included an 86 percent increase in Xbox hardware sales, as well as a 40 percent increase in Xbox content and services—the former of those includes the launch of the Xbox Series X/S consoles in November, and the latter includes Game Pass, which Microsoft has been pushing hard as a core value proposition for the Xbox game platform. Read 5 remaining paragraphs | Comments View the full article
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Enlarge / The Galaxy Z Flip (left) and Galaxy Z Fold 2 (right). Samsung will be selling both of these display styles to competitors now. (credit: Samsung) A report from ETNews claims that Samsung Display is ready to expand its foldable-display business and start selling to companies other than Samsung Electronics' phone division. Flexible panels were previously exclusive to Samsung's phone division, but the report says Samsung Display plans to sell 1 million panels this year in the open market. ETNews quotes a source saying "multiple Chinese smartphones markets" are working with Samsung and plan to ship devices in the second half of 2021. A million panels isn't a huge supply compared to the ~350 million smartphones sold annually, but that is about the size of the foldable market in these early days. Canalys' last numbers said 1.74 million foldables were sold from September 2019 to June 2020, which represents the first generation of foldables, before the launch of the Galaxy Z Fold 2. Samsung hopes to see that number grow a lot in 2021, with ETNews reporting Samsung Display will supply 10 million foldable displays to the phone division. It doesn't sound like the third parties buying from Samsung will have a lot of wiggle room in terms of form factor. According to the report, Samsung is supplying two types of displays: one that folds across the horizontal axis like the Galaxy Z Flip, and one that folds across the vertical axis like the Galaxy Z Fold. The industry isn't quite sure what a flexible display smartphone should look like, and at trade shows, various companies have pitched all sorts of wild form factors. There are concepts for rollable display smartphones, outward-folding displays like the Huawei Mate X, and tri-folding smartphones that fold up like a wallet or a brochure. It doesn't sound like Samsung will be humoring any of those form factors just yet. Read 3 remaining paragraphs | Comments View the full article
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