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  1. Alphabet announces Q4 2020 earnings with $56.9B in revenue Google’s parent company Alphabet today announced its earnings for the fourth quarter of 2020 ending December 31, 2020. The company reported revenues of $56.898 billion, a 23% increase from the same quarter last year. The company made $182.527 billion in revenue for fiscal year 2020, up form $161,857 billion in 2019. Unsurprisingly, the largest chunk of its quarterly revenues came from Google, which accounted for $52.873 billion, increasing by a little more than 22% over the same quarter l
  2. AMD made a billion dollars more in Q4, and multiple billions in 2020 Profits went up nearly a thousand percent AMD is firing on all cylinders these days: it’s the guts of every modern PlayStation and Xbox, it has the desktop CPUs to beat, it’s nearly caught up to Nvidia in GPU performance (if not availability), and it’s about to challenge Intel in laptops as well — with its Ryzen 5000 mobile CPUs and RDNA 2 GPUs due later this year. All of that can translate to eye-popping dollar signs: the chipmaker just announce
  3. Xbox, Surface, and cloud once again boost Microsoft’s Q2 earnings Microsoft’s gaming business is strong this quarter Microsoft posted the second quarter of its 2021 financial results today, reporting revenue of $43.1 billion and a net income of $15.5 billion. Revenue is up 17 percent, and net income has increased by 33 percent. We saw some impressive growth for Surface, Xbox, and cloud-related services in Microsoft’s previous quarter, and it’s very much the same this time around. The PC market just had its first b
  4. AMD announces record Q3 2020 earnings, revenue up 45% to $2.8 billion AMD today announced its earnings for the third quarter of 2020, reporting a blockbuster 56% increase in revenue and a 58% increase in gross profit, year-over-year (YoY). Revenue was up a record 45% quarter-over-quarter (QoQ) at $2.8 billion, thanks to strong consumer and enterprise processor sales, among others. The firm reported a 148% increase in net income QoQ, totaling to $390 million. Dr. Lisa Su, president and CEO of AMD, said in a statement: Our business accel
  5. Elon Musk had plenty to crow about during Tesla’s Q3 2020 earnings call on Wednesday. “Q3 was our best quarter in history!” Musk exclaimed. The company recently announced that it had produced a record 145,036 vehicles this quarter, delivering 139,300 of them. With more than 319,000 vehicles delivered so far this year, all eyes are on whether the automaker can hit its goal of delivering 500,000 vehicles by year’s end. 500,000 deliveries is “a line in the sand that was a pipe dream six months ago as Tesla (and other auto players) have navigated this COVID backdrop," Wedb
  6. Alphabet announces its second quarter earnings with $38.3B in revenue Today, Google parent company Alphabet announced its earnings for the second quarter of 2020. For the quarter, it took in $38.297 billion in revenue, a modest decline from the same quarter last year, where it took in $38.944 billion. "In the second quarter our total revenues were $38.3B, driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "We continue to navigate
  7. Apple reports strong Mac and iPad sales in record-breaking Q3 earnings Apple’s hardware fared well in the third quarter Xinhua/Wang Ying via Getty Images Apple today reported extremely strong third quarter earnings, offering another look at how the company is shaking off the toll the COVID-19 pandemic is taking on its business. Analysts had been expecting around $52.3 billion in revenue and earnings per share of $2.07, but Apple crushed those predictions with $59.7 billion in revenue — up 11 percent from last year’s
  8. Facebook shares plummeted more than 18 percent in midday trading on Thursday, erasing over $110 billion from the social media giant’s market value. The sharp stock decline came a day after Facebook, one of the largest publicly traded companies in the United States, reported disappointing second-quarter earnings. Of particular concern to investors was Facebook’s warning that revenue growth rates would continue to slow sharply in the coming quarters. “Management commentary about decelerating topline growth during a quarter where the com
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