Apple touts 2 billion active devices as revenue suffers rare slump
Apple today shared its quarterly results, and while the company noted that it has a large number of devices in use around the world, it wasn’t all good news. Sharing…
Tag: billion
China’s crackdown cost Apple $6 billion in iPhone sales last quarter
Apple’s most important product, the iPhone, suffered a slightly greater than 8% year-over-year decline in revenue in the fiscal first quarter of 2023. As we told you earlier tonight, the…
US$2.7 billion China-designed nuclear plant launched in Pakistan amid energy crisis
The 1,100-megawatt reactor will generate some of Pakistan’s cheapest electricity as the nation suffers nationwide blackouts. China financed the facility’s expansion.
Hello Hong Kong, goodbye Covid? John Lee to launch HK$2 billion drive to lure back tourists, business
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribes. Hong Kong is set to give away as…
University of Hong Kong medical school to spend HK$1 billion on campus expansion opposite hospital to ease crowding
New building will ease congestion and strengthen its stem cell research with laboratories.
New Cathay Pacific CEO pledges to pay HK$1.2 billion in deferred dividends to Hong Kong government and rebuild operations
New CEO Ronald Lam emphasizes the importance of the Greater Bay Area to the growth of the airline’s business.
Malaysia says court set aside request by heirs of sultan to enforce US$15 billion arbitration award
Last year, a French court ordered Malaysia to pay Sultan of Sulu heirs in a colonial-era land deal; a court in Luxembourg has now set aside attempts to enforce it….
8 billion people milestone: Reaching new heights for humanity
On November 15, 2022, history was made when the global human population reached eight billion people for the first time. It had only taken 12 years for the population to…
$2.9 Billion Approved For CA Zero-Emission Vehicles Infrastructure
In mid-December, the California Energy Commission (CEC) approved $2.9 billion in funding for California’s zero-emission transportation infrastructure. The funds will be used to install more EV chargers, zero-emission trucks, school…
Honda & LG Invest $3.5 Billion in New Ohio Plant
Manufacturing powerhouses Honda and LG Energy Solutions have announced a new joint venture to produce lithium-ion batteries for upcoming Honda and Sony/AFEELA electric vehicles at a new facility in Jeffersonville,…
Goldman Sachs lost $1.2 billion in 2022 mostly because of Apple Card
Apple card AppleInsider may earn an affiliate commission on purchases made through links on our site. Goldman Sachs’ consumer credit division lost $1.2 billion in nine months last…
Apple Card responsible for more than $1 billion in losses
Goldman Sachs today filed a regulatory filing for its “Platform Solutions” group of companies, which includes Apple Card. Goldman’s consumer offerings fund is on track for a $4 billion loss…
Eddy Cue pens letter celebrating Apple’s ‘groundbreaking’ services: $320 billion paid to developers, nearly 1 billion paid subs
Eddy Cue, Apple’s senior vice president of services, has written an open letter celebrating what he calls a “groundbreaking year for entertainment.” The longtime Apple executive highlights Apple’s array of…