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Results for: Tech
US stock markets closed higher on Thursday, with the Dow Jones, S&P 500, and Nasdaq all experiencing gains. Alibaba Group Holding led the way with a significant jump driven by the company’s recent launch of over 100 open-source AI models. Other notable movers included BlackBerry, JD.com, and Costco.
TD SYNNEX Corp (SNX) exceeded analysts’ expectations for both earnings and revenue in the third quarter. The company’s revenue grew 5.2% year-over-year, driven by growth in both its Advanced Solutions and Endpoint Solutions portfolios. Investors are reacting positively to the strong results, with SNX shares trading higher on Thursday.
Jabil Inc. (JBL) is set to report its fourth-quarter earnings on Thursday, Sept. 26. Analysts forecast a decline in both earnings and revenue compared to the previous year. Despite the anticipated slowdown, several analysts maintain positive ratings on the stock, citing the company’s expanding capabilities in next-generation technologies.
Popular tech YouTuber Marques Brownlee, known as MKBHD, has responded to criticism surrounding his newly launched wallpaper app, Panels. Users have expressed concerns about the app’s pricing and data disclosure practices. Brownlee assures users that he will address these concerns, promising to reduce ads and fix data disclosure issues.
The upcoming Samsung Galaxy S25 is facing criticism as rumors suggest minimal upgrades over its predecessor, including the same 50MP camera, a small battery, and slow charging speeds. This lack of innovation might lead to a disappointing experience for users expecting a significant leap forward.
T-Mobile CEO Mike Sievert has reported strong initial sales for the iPhone 16, contradicting earlier concerns about lower demand. Despite the delay in the release of its AI features, Sievert believes the demand remains strong and customers are purchasing higher-end models, driving Apple’s sales.
The Infinix Zero 40 5G, a budget smartphone available in many regions, packs impressive features and specs that rival even higher-priced phones like the Google Pixel 8a. This phone boasts a beautiful design, a powerful camera system, and fast charging capabilities, all for a fraction of the cost of its American counterparts.
Swvl Holdings Corp (SWVL) shares surged 45% on Wednesday after the company announced securing $2.6 million in new annual contracts in Saudi Arabia. These contracts, representing approximately 10% of Swvl’s 2023 revenue, mark a significant expansion in the company’s fastest-growing market.
JPMorgan analyst Samik Chatterjee observes mixed demand signals for the iPhone 16 series, noting that while overall demand seems in-line with last year’s iPhone 15, Pro models are experiencing a slightly softer start. The analyst highlights the importance of the Pro Max model’s extended lead times, indicating continued strong demand for high-end devices.