Technology

Amazon Reports Strong Bottom Line Beat, Operating Income Surges YoY

Amazon used the earnings announcement to reveal that sales from its second annual Prime Day, where customers on their Prime membership scheme had access to exclusive deals, were up more than 60% on 2015's event. "They seem to be doing everything right". ProShare Advisors LLC raised its stake in Amazon .com by 2.9% in the fourth quarter. Amazon - yes, Amazon - is on a profits streak.

Technology

Huawei nearly breaks smartphone shipment record in China

It started off the year with a 2.2 percent market share, and had risen to 5.3 percent by the end of June, enough to claim fourth position in the market share chart. Chinese behemoths like Huawei, Oppo, and Vivo, are on the list too. " Huawei is facing rising competition from OPPO, Samsung, Vivo and others, and Huawei's recent growth spurt has slammed to a halt".

Technology

Obama says Hillary more qualified than himself or Bill Clinton

The week's most powerful validation came on Wednesday night from President Barack Obama, her victorious primary rival in 2008. At the end of Obama's speech, Clinton - the first woman to win the presidential nomination of a major U.S. "Unless you want to be lied to, belittled, and attacked for your beliefs, don't watch Hillary's DNC speech tonight", read the call for donations. Until you've sat at that desk, you don't know what it's like to manage a global crisis or send young people to war.

Technology

Apple says one billion iPhones have been sold

It all started back in 2007 when Steve Jobs unveiled the first iPhone ever and set a sales goal of 10 million by 2008. Sales in China, including Hong Kong and Taiwan, fell 33 percent to $8.85 billion in the third quarter. With each passing quarter, iPhone sales continued to skyrocket. The most recent models, the iPhone 6s and 6s Plus, set sales records upon their release previous year.

Technology

Wall Street closes mixed before Fed meeting

Yawger downgraded his price target on United States crude to US$40 from US$45 a barrel, according to Reuters. Investors are also working through the Federal Reserve's latest policy statement. Although the company reported lower revenue and iPhone sales, its earnings last quarter were well above analysts' estimates. Apple will release the earnings data after the market closes.

Technology

Apple Inc. iPhone SE Is Finally Catching On

Analysts expected the company to achieve earnings of $1.38 per share on $42.09 billion in revenue. Gross margin was 38 percent compared to 39.7 percent in the year-ago quarter. "The growth was broad-based, with App Store revenue up 37 per cent to a new all-time high, in addition to strong increases in Music, iCloud, and AppleCare", he said.