NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+
Jonathan Vanian / CNBC :
Apple reports a record $124.3B revenue in Q1, up 4% YoY, net income up 7.1% to $36.3B, China net sales down 11% to $18.5B, largest drop in China since Q1 2024
Analysts are concerned about how Apple will signal the March quarter is shaking out.
Sources: Apple is struggling to assemble iPhone 15 Pro and Pro Max models due to larger screens and narrower bezels, possibly causing September launch shortages
Apple is facing challenges assembling its two upcoming new iPhone models, the iPhone 15 Pro and Pro Max, which could lead …
Spotify reports Q2 revenue rose 23% YoY to €2.9B as its net loss widened to €125M; MAUs were up 19% YoY to 433M and Premium users reached 188M, up 14% YoY
Spotify turned in strong numbers for the second quarter, beating expectations for total and paid subscriber adds and reporting 23% revenue growth. Source: Spotify Investor Relation...
Spotify says it has “decided to stop further production of Car Thing units” and will take a €31M charge, citing demand and supply chain issues
Spotify's push to complement its music streaming with a big move into podcasting and related content appears to be paying off …
Sources: Apple plans to slow hiring and spending growth in 2023 in some divisions to cope with a potential economic downturn; the changes won't affect all teams
PayPal reports Q1 revenue of $6.48B, up 8% YoY, vs. $6.6B est., net income of $1.03B, down from $1.46B YoY, Total Payment Volume of $323B, up 15% YoY
Q1'22: Solid start to the year with better-than-expected revenue growth Ibukun Ogundare / Coinspeaker : PayPal (PYPL) Stock Up 2% as Company Reports Q1 2022 Performance MK Manoylov...
AMD beats expectations with $2.13B in Q4 revenue, up 50% YoY, with significant market share increases across its x86 server, laptop, and desktop chips
Dean Takahashi / VentureBeat :