The past week was a whirlwind for Apple Inc. with a series of major announcements and controversies. From Steve Jobs' resurfaced interview about the importance of hiring top-notch software engineers, to changes in iPhone release strategy, and a privacy lawsuit settlement, the tech giant was in the headlines throughout the week. Here's a recap of the top stories.
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Shares of software development tools maker JFrog (NASDAQ:FROG)
jumped 10.2% in the afternoon session after the company reported a "beat and raise quarter." First quarter 2025 results included convincing beats on revenue and operating income. Sales rose 22%, led by cloud revenue, which grew 42%. Big clients continued to spend more, with $1 million+ customers up 35% from last year. In addition, full-year sales, adjusted operating income, and EPS guidance topped analysts' expectations and were slightly lifted from the previous outlook.
Overall, this was an impressive quarter.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 27.4% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' EPS and EBITDA expectations. Rides climbed 16% and the number of riders grew 11%, both setting new highs.
Apple Inc developing new chips for smart glasses, intensifying rivalry with Meta's Ray-Ban glasses. Chips to control glasses' cameras & release by 2026-27.
Even Warren Buffett's most trusted stock is facing pressure from Trump's tariffs and global slowdowns. So is now the time to buy, or to rethink Apple entirely?
Alphabet Inc.'s Google has launched an aggressive new defense against internet scams, deploying its on-device Gemini AI model to detect and block fraudulent websites in real-time, significantly expanding its security capabilities across Chrome, Search and Android operating systems.
Seth Rogen refused Apple's request to replace Netflix CEO Ted Sarandos with Tim Cook in The Studio cameo, spotlighting the stark contrast between Netflix's streaming dominance and Apple TV+'s ongoing financial struggles.
According to a leading fund manager and venture capitalist, Google-parent Alphabet Inc.'s (NASDAQ: GOOG) search dominance is facing mounting challenges, with a high profile anti-trust lawsuit, and emerging technologies that are reshaping consumer behaviours.
