Apple temporarily closes 17 out of 20 French stores amid fresh lockdown. (Reuters) - Apple Inc <AAPL.O> will temporarily close 17 of its 20 stores in France from Oct. 30, as the country goes into a fresh one-month lockdown due to a resurgence of coronavirus cases, the company's website showed. Apple's Opéra, Les Quatre Temps, and Rosny 2 stores in Paris will remain open, the company's website showed. Apple is expanding the "Express" format this month in hopes of still being able to serve customers in areas with high numbers of coronavirus cases, while meeting its own health and safety standards for employees and customers, the company's retail chief told Reuters earlier this month.
Being able to go to the pub and watch a football or cricket match with friends seems like a distant memory for Britons these days. And BT is still feeling the pinch too – as it usually reaps a pretty penny from the nation's beloved, beer-fuelled past-time. Revenues at the telecoms behemoth were down 8 per cent to £10.6billion in the first half of its financial year, as its sports division and income from business customers (for obvious reasons) took hits. Earlier this year, the company received a boost from households upgrading their broadband en masse to ease the overnight exodus to home-working during the coronavirus lockdown. But even though the ongoing effects of Covid restrictions are still being felt on BT's books, boss Philip Jansen said it had managed to cut £352m of costs in the six-month period. And it struck an upbeat tone by lifting its profit guidance this year to between £7.3billion and £7.5billion – and predicting it will be back up to last year's profit levels of £7.9billion by 2023. Investors initially gave the update a warm welcome, with shares surging by almost 10 per cent in early trading. But the rally fizzled out throughout the course of the day, before closing lower by 2.5 per cent, or 2.53p, at 99.12p.
The bundle varies by geography but generally combines Apple's news, music, video and cloud storage offerings, putting it in fiercer competition with music rivals such as Spotify Technology SA (SPOT.N) and television content rivals Netflix Inc (NFLX.O), Walt Disney Co (DIS.N) and AT&T Inc's (T.N) HBO. Apple in September also announced a paid fitness service called Apple Fitness+ that competes for the first time with some elements of Peloton Interactive Inc's (PTON.O) offerings. Cook on Thursday also said Apple now has 585 million subscribers on its platforms, up from 550 million the previous quarter. "We are now very confident that we're going to not only reach but exceed our target of over 600 million for the calendar year," Cook told Reuters.
Oct 29 (Reuters) - Apple Inc on Thursday reported revenue and profits that beat Wall Street expectations, with a continued boom in sales of Macs and accessories such as AirPods helping offset a decline in iPhone sales as customers waited for new models. Despite delays with its best-selling iPhones, the Cupertino, California-based company has consistently beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended on Sept. 26 was $64.7 billion and 73 cents per share, compared with analyst estimates of $63.7 billion and 70 cents per share, according to IBES data from Refinitiv. Apple faces an uncertain fiscal first quarter with new lockdown orders issued in major European markets such as France and Germany on Wednesday. While the company has so far managed to keep sales booming with its retail stores in a state of flux, analysts have raised concerns that the lockdowns or their economic fallout could mute holiday iPhone sales.
Google parent Alphabet Inc returned to sales growth in the third quarter as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet’s biggest supplier of ads, the tech giant said on Thursday. US to file landmark anti-trust lawsuit against GoogleUS Justice Department files antitrust lawsuit against GoogleGoogle: From ‘don’t be evil’ to target of DOJ antitrust lawsuit‘Amplifiers for idiots’: Former Google CEO slams social media. Wall Street had expected a rebound from Alphabet because the company said in July that advertiser spending was inching back following a March plummet due to lockdowns. The efforts followed Google’s first sales decline, compared with a year-earlier period in the second quarter, since the company went public in 2004. But the dominance of Google services has become a liability for the company, too.
OAKLAND, Calif./BENGALURU (Reuters) - Google parent Alphabet Inc on Thursday powered back to sales growth in the third quarter, beating analysts' estimates as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet's biggest supplier of ads. Chief Financial Officer Ruth Porat said the company saw upticks from advertisers across all regions and industries. But she did not say whether the trends showed signs of slipping as Europe and other areas tackle significant increases in coronavirus infections. EMarketer principal analyst Nicole Perrin said YouTube's year-over-year sales growth, which was 32% compared with about 6% in the second quarter, pointed to "advertisers' continued desire for video inventory, the return of brand spending, and notable increases in political ad spending" amid the U.S. presidential election. The efforts followed the company's first sales decline compared with a year-earlier period in the second quarter, since going public in 2004. But the dominance of Google services has become a liability for the company too.
OAKLAND, Calif./BENGALURU (Reuters) - Google parent Alphabet Inc returned to sales growth in the third quarter as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet's biggest supplier of ads, the tech giant said on Thursday. Wall Street had expected a rebound from Alphabet because the company said in July that advertiser spending was inching back following a March plummet due to lockdowns. Google's namesake search engine and YouTube video service are gateways to the internet for billions of people and have become more essential as they transact and entertain online to avoid the virus. The efforts followed the company's first sales decline compared with a year-earlier period in the second quarter, since going public in 2004. But the dominance of Google services has become a liability for the company too.
Wall Street expects Alphabet to report Q3 earnings per share of $11.24 on revenue of $42.90 billion. Google parent company Alphabet is set to report its third-quarter earnings after the bell Thursday. In that quarter's earnings call, Alphabet's chief financial officer Ruth Porat said consumers and advertisers began increasing their search spending toward the end of the quarter but cautioned against forecasting any guaranteed stability. The biggest threat came last week, when the U.S. Justice Department filed its long-expected landmark antitrust lawsuit against Google, alleging the company has unlawfully maintained a monopoly in search by cutting off rivals from key distribution channels.
U.S. Google plans to launch VPN service for consumers. (Reuters) - Alphabet Inc's (GOOGL.O) Google said on Thursday it plans to launch a VPN service for consumers, which would be available with certain subscription plans for its Google One cloud storage services. Designed for secure internet usage, virtual private networks (VPNs) are used by individuals in countries where access to certain sites and services have been barred by governments. Google said the VPN service will roll out in the U.S. in the coming weeks through the Google One app for Android users, with plans to expand to more countries and to iOS, Windows and Mac operating systems in the coming months.
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