The most recent round of layoffs at Microsoft marks the biggest staff reduction since 2023, when the tech giant fired over 10,000 people, and follows a series of smaller layoffs earlier this year.
The optimism is based on research firm Counterpoint’s findings that iPhone sales volume in the first two months of the June quarter increased by 15% year over year.
Citing people who asked not to be identified, Gurman said the Tim Cook-led company has asked OpenAI and Anthropic to test versions of their models on Apple’s cloud infrastructure.
Kuo expects that the “Ray Ban-like” smartglasses would be the first to achieve significant volume. He predicts shipments of three to four million units or more in 2027.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
Intel (INTC) is reportedly shutting down its automotive unit and will lay off most employees in that segment, the company told staff in an internal message.
Apple has proposed App Store changes to avoid further EU penalties after a €500M fine, aiming to comply with the Digital Markets Act and ease developer restrictions outside its ecosystem.
Broadcom’s stock surged to a record high after HSBC upgraded the stock to ‘Buy’ and raised its target to $400, citing stronger ASIC project visibility and rising AI-driven demand.
Apple is negotiating with EU regulators to revise App Store rules and avoid further fines under the Digital Markets Act, following a $570 million penalty for previous noncompliance.
