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Apple posts $83 billion in revenues, $19.4 billion profit for 3Q 2022

Apple on Thursday announced the financial results for its third fiscal quarter of 2022. For the quarter, Apple posted revenue of $83 billion and quarterly profit of $19.4 billion, compared to revenue of $81.4 billion and net quarterly profit of $21.7 billion, in the year-ago quarter. Gross margin for the quarter stood at 43.3 percent, […]

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Simply Mac chain to shut down, enter Chapter 7

After 16 years of business, Apple authorized retail and service provider Simply Mac has announced that it is shutting down as a result of pandemic-related financial difficulties. In a letter to staff members, Simply Mac CEO Rein Voigt said that it is shutting down its operations and terminating all employees effective immediately. Per the letter: […]

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Foxconn quickly switches course, halts hiring following COVID-19 pandemic lockdown

These are the abrupt starts and stops that accompany an ongoing pandemic. Only 24 hours after saying it would ramp up hiring and incentives for new employees, Foxconn, Apple’s main iPhone supplier, said today it would abruptly stop hiring new workers for its plant in Zhengzhou, China, after new COVID-19 lockdowns and restrictions were imposed on the […]

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Intel CEO predicts global chip shortages could last until 2024

The global chip shortage is expected to remain an issue until 2024, according to Intel CEO Pat Gelsinger. The global semiconductor shortage is continuing to squeeze the electronics industry by limiting the manufacture of chips. While efforts are being made to try and improve the situation, Intel’s CEO doesn’t think supplies will ease anytime soon. […]

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Apple VP of Hardware Technologies Johny Srouji interviewed, discusses developing Apple Silicon chips during the COVID-19 pandemic

It’s a rare interview, but it’s a cool one. Apple’s Senior Vice President of Hardware Technologies, Johny Srouji, met with the Wall Street Journal to discuss developing the Apple Silicon hardware alongside the challenges presented by the COVID-19 pandemic. Srouji joined Apple in 2008 and was tasked with leading the development of chips for the […]