Revenue quadrupled to $41.45 billion compared with the same period a year ago. The company's profit, meanwhile, rose from $1.88 billion to an incredible $28.2 billion year-over-year.

Apple was, until recently, the last bastion of price stability, even as a tsunami of memory-induced price hikes has continued to sweep across wide swathes of the global consumer electronics sphere. Alas! No longer. Apple now appears to have surrendered to the inevitable price hikes after trying to swim against the tide for a few quarters. Apple's Tim Cook had warned that the June-ending quarter would see a "substantial" increase in memory costs, and now the company appears to be capitulating to the inevitable price hikes Apple's Tim Cook has just declared to the Wall Street Journal that price increases […]

Read full article at https://wccftech.com/apples-tim-cook-cries-out-that-memory-prices-have-become-unsustainable-warns-that-unavoidable-price-hikes-are-coming/

Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow in the following quarter.

Samsung has finally entered the hallowed trillion-dollar club, courtesy of the memory-driven tailwind that continues to emanate from AI-focused data centers, going on to permeate nearly every facet of the global consumer electronics industry. Samsung is worth $1.2 trillion right now and continues to close in on Tesla's valuation, courtesy of the relentless global demand for memory resources As per a tabulation by CompaniesMarketCap, Samsung is worth $1.21 trillion right now, and remains poised to overtake Tesla as the world's tenth most valuable company. This comes as the operating profit of Samsung's semiconductor unit in Q1 2026 surged by an […]

Read full article at https://wccftech.com/samsung-is-now-a-trillion-dollar-juggernaut-as-conventional-dram-quietly-out-earns-the-hbm-everyone-is-obsessed-with/

Elon Musk spent the better part of three days on the witness stand this week in his lawsuit against OpenAI, and it’s already getting messy. Emails, texts, and his own tweets are surfacing in court, and there are plenty more witnesses to come. Musk’s argument against OpenAI? By converting the company to a for-profit model, Sam Altman betrayed the “nonprofit for the […]

Apple said it will be supply-constrained on Mac mini, Studio, and Neo in the next quarter, too.

Apple was expected to continue to capitalize on its ongoing sales-related momentum during its second fiscal quarter of 2026, courtesy of the inordinately strong demand profile for the iPhone 17 lineup. And, in accordance with those expectations, Apple appears to have largely delivered via another record quarter. Apple earnings highlight for the second fiscal quarter of 2026 Here are the key highlights from Apple's latest quarterly earnings release: For the second fiscal quarter of 2026, Apple earned $111.18 billion in revenue, corresponding to a year-over-year increase of 16.6 percent relative to $95.36 billion that it earned in Q2 2025. Apple […]

Read full article at https://wccftech.com/apple-q2-2026-earnings-iphone-business-just-grew-by-21-7-in-a-single-quarter-services-outpace-mac-ipad-and-wearables-combined/

Google added 25M paid subscriptions in Q1, reaching 350M total, as YouTube and Google One grow.

Sales rebounded a bit from the first quarter of 2025, as Tesla throws a ton of money at massive bets like robotics, AI, and its own chip fab.

Samsung has hit a home run with its operating profit guidance for the first quarter of 2026, showing the kind of explosive growth that would have been unimaginable just a couple of years back, all the while proving that the ongoing memory-driven boom phase is far from a mirage. Samsung's Q1 2026 operating profit guidance: A story of relentless memory-driven boom Samsung has now released key guidance for its upcoming Q1 2026 earnings disclosure, blowing away even the wildest of estimates. For instance, Samsung now expects its total sales for the first quarter of 2026 to amount to 133 trillion […]

Read full article at https://wccftech.com/samsungs-operating-profit-grows-by-an-unimaginable-700-percent-in-q1-2026-as-the-sheer-scale-of-memory-driven-windfall-becomes-visible/

"The demand for tokens in the world has gone completely exponential," Nvidia CEO Jensen Huang said about the company's earnings.