Tag: division

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Apple releases Q4 2024 earnings, cites $94.9 billion in revenue, $14.7 billion profit for the quarter

Apple had a fair amount to brag about during its fourth quarter 2024 earnings call on Thursday, the company posting revenue of $94.9 billion for the quarter, a 6 percent increase year over year, and a record for the quarter. The company reported $14.7 billion in profit. Apple saw continued growth in its Services division, […]

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SAG-AFTRA votes to strike, joins ongoing writers strike

It could be a rough time for new content in the entertainment industry. For the first time in more than 60 years, a “double strike” has commenced following failed negotiations between Hollywood studios and SAG-AFTRA. At this point, both actors and writers are now on strike. With film and television studios part of the Alliance […]

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Apple purchases majority of Intel’s smartphone modem business

When in doubt, buy controlling interest to obtain the thing that you want. Apple on Thursday revealed plans to acquire the majority of Intel’s smartphone modem business. Through the deal, more than 2,000 Intel staff will join Apple, the roughly $1 billion purchase transferring a number of patents to Apple as well Following rumors that […]

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Rumor: Apple said to be among corporations bidding to acquire Toshiba’s NAND unit

Apple may just be in a bidding war for Toshiba’s NAND memory unit. A report from the Korean Herald states that Apple, Amazon, Google and others are in a war for Toshiba’s NAND memory division, which accounts for 20 percent of the NAND market. There are reported to be 10 bidders in total, although specific […]

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Rumor: Apple has disbanded its wireless router division, reassigned personnel to more profitable product groups

As much as you love your AirPort router, it may be the last of its kind. Apple has apparently disbanded its wireless router division, having moved personnel away from this to focus on products that generate more revenue. Apple began shutting down the wireless router team over the past year, dispersing engineers to other product […]