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Chip industry turned upside down: Broadcom bids $130 billion for Qualcomm, Intel teams up with AMD

Today provided a brutal reminder of how fundamental shifts to mobile technology has caused a profound upheaval in the semiconductor market that is transforming some of the biggest names in the industry. The move away from desktop computing started long ago. But the increasingly powerful smartphones we carry, the explosion of so-called Internet of Things […]

Apple’s iPhones sales up 3% in Q4 2017, services revenue jumps 34%

(Reuters) — Apple Inc forecast revenue for the holiday shopping-quarter largely above market expectations, helping allay investor concerns about production delays and supply constraints for the iPhone X, which it will start shipping on Friday. Apple opened pre-orders for the iPhone X on Oct. 27 and has said demand has been “off the charts,” although […]

Apple stock hits record thanks to analysts bullish on iPhone X

(Reuters) — Several analysts downplayed concerns about Apple Inc’s iPhone X production issues and were bullish on demand and sales, pushing the company’s shares to a record on Monday. The Cupertino-based company does not provide pre-order figures on iPhones, leaving investors and analysts in the dark in trying to track output through research with its […]

Apple: iPhone X preorders are ‘off the charts’

(Reuters) — Apple Inc quashed concerns of muted demand for its iPhone X on Friday, saying preorders for the 10th anniversary phone were “off the charts”. The company’s shares, which have fallen steadily since it announced in early September it would launch two iPhones within two months, rose nearly 3 percent in response. Pre-orders for […]