Apple's profit last quarter was 143% of Amazon's lifetime earnings

With a market capitalization of $943.4 billion at the end of last week, Apple is now just a 6% rally away from becoming the world’s first $1 trillion public company. Amazon, which many felt would overtake Apple to reach the one trillion mark first, needs to see its shares rally 29% to reach the 13 figure mark. But Apple’s shares really popped since the beginning of this month, thanks to two events.

Apple reported its earnings on May 1st, during which CEO Tim Cook soothed investors’ nerves about Apple iPhone X demand. The executive noted that the tenth anniversary model has been …


HTC sees first profitable quarter in three years after Google sale

HTC posted a very respectable profit in Q1 of 2018 thanks to deal with Google. The agreement in question was originally announced towards the end of 2017, hence why the profit isn’t exactly surprising despite lackluster hardware sales, but it certainly puts the Taiwan-based company back on track after a tough year.

The deal between the companies saw Google purchase a big part of HTC’s development team, which includes hundreds of hardware and software engineers, for a total of $1.1 billion in the hope of improving the Pixel line of smartphones. And now, after taking into account HTC’s losses …

Chinese smartphone shipments continue to fall, decline 34% from last quarter

Last week, we told you that global smartphone shipments dropped 2.9% in the first quarter led by a decline in Chinese smartphone shipments. While we knew that the number of shipments in China declined to less than 100 million units for the first time since Q3 of 2013, we now have a better handle on the weakness in that country. According to a fresh report published on Friday, the number of smartphones shipped in China during the first quarter of 2018 tallied less than 90 million units.

Some of the decline can be blamed on the Chinese Lunar New Year. The holiday cut into smartphone production. …

T-Mobile juggernaut continues to roll with impressive first quarter numbers

Now that it is up to the regulators to decide whether or not to sign off on the T-Mobile-Sprint merger, it is back to business as usual for both carriers. This afternoon, T-Mobile reported first quarter earnings, and for the 20th consecutive quarter, the wireless operator added more than 1 million net subscriber additions. Actually, the precise figure was 1.4 million and an impressive 1 million of them were in the branded postpaid category thanks to strength in wearables. Postpaid phone net additions, the metric that the carriers salivate over, came in at 617,000. That is expected to lead …

Xfinity Mobile loses $189 million during the first quarter despite adding 196,000 new subscribers

Xfinity Mobile, owned by cable giant Comcast, has reported its first quarter earnings report. During the three month period ended in March, Xfinity Mobile lost $189 million, which is a sizeable chunk of change. At the same time, the company added 196,000 new subscribers. Comcast doesn’t have to spend to build out a network, and sells its wireless service and phones from Xfinity stores already selling cable and internet. This might be a clue that Comcast is pricing Xfinity Mobile as a loss leader so that the company can push cable, internet and home phone service to its mobile subscribers.

Xfinity …

During the fourth quarter of 2017, YouTube took down 8.3 million videos

Google owned streaming video site YouTube announced yesterday, that it will issue a report every quarter that details how it has helped clean up its inventory of videos. Monday, it released its initial report and said that for the last three months of 2017, more than 8 million videos were removed. Most of these were spam, or contained adult content. The streamer says that this technology is helping it quickly remove “high-risk low-volume” clips that can be characterized as containing “extremist views.” It also helps discover high-volume problem videos that feature spam. To show how well …

BlackBerry Ghost and Ghost Pro to launch this quarter?

In February and March, we showed you a pair of renders for a couple of new handsets that were reportedly being prepped by BlackBerry licensee Optiemus. If the renders are legit, both the BlackBerry Ghost and the BlackBerry Ghost Pro will be two of the sexiest BlackBerry phones ever produced. The two devices each feature an edge-to-edge screen and an aspect ratio of 18:9. Neither render shows off a fingerprint scanner, which means that the biometric reader is on the back of the phone, or (less likely) embedded under the display.

While Optiemus never confirmed the existence of the Ghost and …

Samsung to report record operating profits for the first quarter

Samsung has delivered three straight quarters with record earnings (Q2, Q3 and Q4 of 2017). According to Samsung, the company was able to continue its strong performance during the first quarter of 2018, which includes the first three months of the year. Friday morning (still Thursday in the states), the manufacturer said that it will report a record operating profit for any quarter in company history.

The company said that it expects to report an operating profit of 15.6 trillion South Korean won ($14.7 billion USD) for the first three months of the year. That would be a 9.9% increase from …

Record software and services revenue achieved by BlackBerry for its fourth fiscal quarter

For those who doubted John Chen’s ability to turn around BlackBerry, or wondered why he got that huge five-year contract extension, the time has come to put those thoughts behind you. After exiting the hardware business, licensing the BlackBerry name and its version of Android to three companies, and focusing on the automobile business and the IoT, Chen has yet to meet his Waterloo at Waterloo.

For its fiscal fourth quarter, BlackBerry reported record software and services revenue of $218 million (non-GAAP) and $212 million (GAAP). The previous record was just set last quarter. For the period, …

NBA tests streaming the fourth quarter of regular season games for only 99 cents

It is hardly a new observation to point out that the first 36 minutes of an NBA contest isn’t worth watching, and all that matters is the fourth quarter. That kind of thinking is actually incorrect since what happens in the last 12-minutes is all about everything that took place on the hardwood prior to the final quarter. Still, the league itself is trying to pass along this way of thinking by offering live streams of the last quarter of certain games for the heavily discounted price of 99 cents.

On Friday night, certain NBA fans received a notification that they could watch the fourth quarter …