Apple projects tariff costs will hit $1.1B next quarter
While sales growth suggests fear of tariffs helped fuel sales, Cook downplayed the “pull forward” effect, noting that consumers were more motivated by the “strength of the product.”
Category: earnings
Amazon CEO wants to put ads in your Alexa+ conversations
Andy Jassy’s description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find new products, is uncharted territory for Amazon and the broader tech industry.
Apple plans to ‘significantly’ grow AI investments, Cook says
Apple is open to M&A to accelerate its AI strategy, and says it’s made seven acquisitions this year so far.
Spotify hints at a more chatty voice AI interface in the future
Spotify says AI will allow for “much more interactive” consumer experiences in its app.
Intel continues to pull back on its manufacturing projects
Intel canceled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
Tesla profits pulled down by falling EV sales and regulatory credits
Tesla saw a 17% growth in its services business, but it was not enough to close the gap in falling EV sales, fewer regulatory credits, and a decline in solar and energy storage sales.