[ad_1] “Our customers are turning to Dropbox for help with this transition to remote work,” CEO Drew Houston said in an interview with Bloomberg. “We’ve certainly seen record trial volumes, we’ve seen increases in direct purchases, we’ve seen increases in engagement.” While companies like Airbnb, Lyft and Uber are laying off thousands, Dropbox has slowed […]
Category: earnings
Apple’s growth stalls as it deals with COVID-19’s impact
[ad_1] Apple released its latest earnings this afternoon for the first time since the COVID-19 outbreak began to reshape lives and economies, and the results are unsurprisingly mixed. The company saw slumps in hardware sales almost across the board, but it reported a total of $58.3 billion in revenue — just edging out its performance […]
Tesla’s ‘full self-driving’ feature is coming in subscription form
[ad_1] Cost of Tesla full self-driving option increasing by ~$1000 on August 16 — Elon Musk (@elonmusk) July 16, 2019 By that July, Tesla had tacked another $1,000 onto the FSD’s price tag — $7,000 all told if you install it after the fact. The company then promised another price hike in August which ended […]
Tesla delays Semi electric truck to 2021
[ad_1] Whatever the causes, the Semi delay was a setback in a first quarter that was otherwise upbeat for Tesla. It continued a streak of year-over-year surges in revenue ($5.98 billion) and profit ($1.23 billion). Deliveries didn’t reach the record high from the fall, but the 88,496 cars that reached customers were a distinct improvement […]
Facebook usage soars during coronavirus pandemic
[ad_1] At the same time, the company warned of “a significant reduction in the demand for advertising” in a statement that echoed similar remarks from Google a day earlier. Facebook had previously advised that ad revenue would take a hit, despite a surge in usage around the world. “Our business has been impacted by the […]
Microsoft says COVID-19 had ‘minimal’ impact on its business
[ad_1] Revenue for Microsoft’s corporate and consumer Office products increased by 13 and 15 percent, respectively. Its Surface and Windows also benefited from the increased demand for remote work and learning tools, though due to supply issues in China, they didn’t grow nearly as much. The company says Windows OEM sales (what computer manufacturers pay) […]
Google saw huge jumps in search usage and app downloads in March
[ad_1] Android users are also hitting their phones hard. Pichai said that people are spending significantly more time in apps, and Google Play Store app downloads in March were 30 percent higher than February. Overall, Google has over 2.5 billion monthly active Google Play devices. But, the company saw a decline in device activations this […]
Netflix memberships grew in Q1 as coronavirus lockdowns spread
[ad_1] The effect of the coronavirus pandemic and stay-at-home orders meant to slow its spread have impacted businesses differently, but for Netflix it means more people are streaming than ever. In its Q1 2020 earnings report (PDF), the company said membership growth spiked as lockdowns spread, but also predicted that as the orders are lifted […]
Blue Apron considers selling itself as it bleeds customers
[ad_1] Recent subscriber data explains just why Blue Apron is exploring mergers and sales. The company’s customers dropped from about 557,000 at the end of 2018 to 351,000 a year later — that’s a drop of nearly 37 percent in the space of a year. Orders dropped by nearly a third, too. And while Blue […]
Apple warns of iPhone ‘supply shortages’ due to coronavirus outbreak
[ad_1] Apple is expecting a hit to its bottom line as a result of the supply shortages. On top of this, retail demand is a problem. Many official and third-party stores have closed, and those that are open have reduced schedules and “very low” traffic. Apple is slowly reopening stores, but there’s little doubt that […]