Amazon Expects Sales Windfall as US Economy Reopens, Posts Record Profits

Amazon, one of the biggest winners of the pandemic, posted record profits and signalled that consumers would keep spending in a growing US economy and converts to online shopping are not likely to... https://ift.tt/2SgFRKY

Why Apple has chips for iPhones while Ford got caught short

Automakers and their suppliers, with "just-in-time" production lines that can more easily be spun up or changed to produce different varieties of parts, have not. Apple said Wednesday that it would lose $3 billion to $4 billion in sales in the current quarter due to limited supplies of certain older chips. https://ift.tt/3e1EFnc

Top 10 tech companies to work for in India

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Google saved over $1 billion with employees working from home, claims report

According to a report by Bloomberg, during the first quarter, Google parent company Alphabet saved $268 million in expenses “primarily as a result of COVID-19” compared to the same period a year earlier. This money is otherwise spent on promotions, travel and entertainment. https://ift.tt/2RcDpV6

Plus One Robotics, which makes computer vision software for robotics in logistics and warehouse settings, raises $33M Series B, bringing total raised to $40M+ (Brian Heater/TechCrunch)

Brian Heater / TechCrunch:
Plus One Robotics, which makes computer vision software for robotics in logistics and warehouse settings, raises $33M Series B, bringing total raised to $40M+  —  San Antonio-based Plus One Robotics today announced a $33 million Series B. The round follows an $8.3 million Series A announced …

Combined revenue of Amazon, Apple, Alphabet, Microsoft, and Facebook hit ~$1.2T this year, up 25% since March 2020, benefitting from a "perfect positive storm" (Shira Ovide/New York Times)

Shira Ovide / New York Times:
Combined revenue of Amazon, Apple, Alphabet, Microsoft, and Facebook hit ~$1.2T this year, up 25% since March 2020, benefitting from a “perfect positive storm”  —  The dictionary doesn't have enough superlatives to describe what's happening to the five biggest technology companies …

Telecom Italia looking to drop Huawei from Italy 5G network: Sources

Losing 5G work from Telecom Italia, one of Huawei's biggest clients in Europe, would be a blow to the Chinese technology giant, which has already lost some business to rivals Nokia and Ericsson. https://ift.tt/330AQs3

Samsung sees chip profits up, mobile sales down in Q2 on chip shortage

Samsung Electronics Co Ltd said it expects chip profits to increase but mobile profits to drop in the current quarter, as a global chip shortage affects its businesses in different ways. https://ift.tt/3eIDDLO

EBay forecasts profit below estimates on stiff competition, shares fall

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Watch the Trailer for Pixar's Luca, Out in June

Pixar's Luca gets a new trailer. Luca release date is June 18 on Disney+ and Disney+ Hotstar. Jacob Tremblay and Jack Dylan Grazer lead Luca voice cast. Enrico Casarosa directs. https://ift.tt/3vrFGuv

Vivo V21 5G to Launch in India Today: How to Watch Livestream

Vivo V21 5G is all set to launch in India today. The phone was unveiled in Malaysia just two days ago and now it is set to arrive to the Indian market. The launch event in India will be livestreamed... https://ift.tt/3t5c44u

Facebook Blocks #ResignModi Posts for Hours 'By Mistake'

Facebook blocked posts tagged #ResignModi before restoring them hours later, stoking a controversy that's erupted over government requests to remove social media content as India grapples with an... https://ift.tt/3gLmt2X

Apple Rides 5G iPhone Demand to Soar Past Sales, Profit Targets

Apple posted sales and profits ahead of Wall Street expectations fuelled by 5G iPhone upgrades but warned a global chip shortage could dent iPad and Mac sales by several billion dollars. https://ift.tt/2SeTkD1

After 526 days of its initial launch, Google finally gives users a way to search through Stadia's 172 games available on the service (Chaim Gartenberg/The Verge)

Chaim Gartenberg / The Verge:
After 526 days of its initial launch, Google finally gives users a way to search through Stadia's 172 games available on the service  —  If only Google knew anyone with experience building search engines  —  Stadia is an online game streaming service from Google, a company …

Google battles landmark UK class action over alleged iPhone tracking

The case, brought on behalf of more than four million Apple iPhone users, hinges on whether Google breached its duties as a data controller by clandestinely collecting browser-generated data and then offering it to advertisers in 2011 and 2012 https://ift.tt/2R3BLFo