Amazon announced a worse than expected loss for the second quarter of 2014 despite an increase in sales, as investments in a range of new products and services took their toll on…
Facebook’s Q2 earnings send stock to all time high
Facebook stock reached an all time high on Wednesday, topping $75 a share after the company’s Q2 earnings report beat analyst expectations. The social media giant reported $2.9 billion in revenue, surpassing…
Apple’s mixed earnings report reveals second straight quarter of dwindling iPad sales
Apple reported mixed quarterly earnings today, with increased iPhone sales, higher than expected net income and strong growth in gross margins offset by declining iPad sales and lower than expected revenue. Apple…
Microsoft’s profit hit hard following Nokia acquisition
Microsoft has reported an 18% increase in revenue for the fourth quarter of its financial year, but the cost of integrating Nokia’s handset business hurt profits. The software heavyweight earned $23.4 billion…
Netflix crosses 50 million subscribers mark despite price hike
Netflix now has more than 50 million subscribers worldwide according to the company’s quarterly earnings report released today. The content streaming website added 1.69 million users during the second quarter ending June…
Microsoft to lay off 18,000 in biggest jobs cut
U.S. tech giant Microsoft is set to lay off 18,000 employees, according to an internal memo from its new CEO. Satya Nadella, who took over the reigns from longterm chief Steve Ballmer…
Startups face age-old battle to enforce change in established industries
In 19th century England, during the Industrial Revolution, a group of textile artisans labelled Luddites protested against new technology in their industry by smashing the new machines to pieces. This led to…
5 Takeaways from the Google I/O Developer Conference
Google’s I/O Developer Conference, held this week in San Francisco, featured a number of new product launches, including Android TV, Android Wear, Android Auto and a new smartphone and tablet operating system.…
Digital security sector remains hot as Andreessen Horowitz injects $90m into Tanium
Andreessen Horowitz (a16z) has pumped $90 million of funding into Tanium, an enterprise security and systems management company.It was the second largest single investment by the venture capitalist firm and the latest…
Amazon unveils Fire Phone
Amazon CEO Jeff Bezos announced his company’s first foray into the smartphone market at a special unveiling this morning in Seattle, confirming recent speculation among the technology community. Bezos will hope the…