Snap plummets 25% after missing on revenue expectations

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed Wall Street expectations after …

To upgrade or not: How a $1,000 iPhone could cost you $17,000 in savings

Let’s talk about buying an iPhone for $1,000. Tim Cook, Apple’s chief executive, once compared this eye-popping price tag to buying a cup of coffee a day over a year. No big deal, right? But financial advisers see this differently. By some estimates, an investment of $1,000 in a retirement account today would balloon …

Apple iPhone 14 wishlist: Things that the company needs to work on

The tech world is changing so fast that if a company misses out on one of the critical updates, it is trashed on blogs, vlogs, and print. The disappointment of the reviewers takes a different manifestation. For most smartphone makers, an underperforming device means the end of the road for it until next year. …

Apple to sell fewer iPhones as chip crisis bites, says JPMorgan

JPMorgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc’s iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant. The brokerage trimmed its iPhone revenue estimate to $63 billion …

Apple drops Intel chips in biggest MacBook Pro overhaul in years

Apple Inc. took the most aggressive step yet to strip Intel Corp. chips from its computers, announcing more powerful homegrown Mac processors alongside a total revamp of its MacBook Pro laptop computers. The company showcased the chips at an event Monday called “Unleashed” that also included its latest audio products. The …

Inside TSMC, the Taiwanese chipmaking giant that’s building a new plant in Phoenix

As the world grapples with an ongoing chip shortage, a quiet giant among chipmakers has committed to investing $100 billion over three years to ramp up production. Taiwan Semiconductor Manufacturing Company may not be a household name, but with a market value of over $550 billion, it’s one of the world’s 10 most valuable companies. …

Apple likely to slash iPhone 13 production due to chip crunch: Report

Apple Inc is likely to cut down production of its iPhone 13 by as many as 10 million units due to the global chip shortage, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company was expected to produce 90 million units of the new iPhone models by …

Apple releases iOS 15.0.2 update with bug and security fixes

Apple has released iOS 15.0.2, the second update to the iOS 15 operating system that was released in September. According to Apple’s release notes, the updates address several issues, including bugs in the Find My app that prevented the iPhone Leather Wallet with MagSafe as well as AirTag from connecting or …