Tech Brew Ride Home Wed. 07/28 – Earnings Bonanza
Jul 28, 2021
Apple reports impressive earnings despite looming component shortages, while Microsoft sets profit records but faces similar challenges. YouTube's ad revenue reaches a whopping $7 billion, showcasing Alphabet's success. Activision Blizzard grapples with internal turmoil as employees threaten walkouts over serious allegations. Meanwhile, Apple is cracking down on leakers, hinting at legal actions. Also, Brain Technologies raises funds for an innovative AI search app that promises to revolutionize user interaction with technology.
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Apple's Q3 Earnings and Chip Shortage Warning
- Apple's Q3 revenue soared by 36%, with net income nearly doubling.
- However, supply constraints, especially for legacy node chips, are expected to impact iPhone and iPad sales in Q4.
Microsoft's Record Profits and Chip Shortage Impact
- Microsoft achieved record profits, exceeding $60 billion annually for the first time.
- Chip shortages impacted Surface and Windows OEM revenue, but overall performance remained strong.
YouTube's Ad Revenue Growth
- YouTube's Q2 ad revenue reached $7 billion, an 84% year-over-year increase.
- This puts YouTube on track to potentially surpass Netflix in revenue by year-end.