Want to earn $1000 in a day without any effort? Click Here to know more Catch up: Apple and Facebook profits doubled last quarter. - US Today Life

Catch up: Apple and Facebook profits doubled last quarter.


  • Apple said on Wednesday that its profits more than doubled to $23.6 billion in the newest quarter. Apple stated its revenues soared by 54 p.c to $89.6 billion. As regular, the principle driver of Apple’s success was gross sales of the iPhone, which rose by 66 p.c to $47.9 billion, its steepest improve in years. Within the newest quarter, iPhones accounted for 54 p.c of Apple’s revenues.

  • Facebook said on Wednesday that revenue rose 48 percent to $26.2 billion within the first three months of the yr, whereas income almost doubled to $9.5 billion. Promoting income, which makes up the majority of Fb’s revenue, rose 46 p.c to $25.4 billion. Practically 3.5 billion folks now use one in all Fb’s apps each month, up 15 p.c from a yr earlier.

  • Ford Motor stated on Wednesday that the global shortage of computer chips will take a greater toll on its business than beforehand anticipated and would probably lower its automobile manufacturing within the second quarter by about half. Ford expects the shortage to decrease its working revenue this yr by $2.5 billion, to between $5.5 billion to $6.5 billion. The corporate made a $3.3 billion revenue within the first quarter, a turnaround from a yr in the past when the corporate misplaced $2 billion because the coronavirus pandemic was beginning to shut down a lot of the world’s economic system.



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