Better than expected fourth quarter
ASML forecast sales growth of 20 percent in 2022 despite a fire this month at its Berlin plant as the supplier to chipmakers on Wednesday reported better than expected fourth quarter profit.
It was not us it was the supply chain
Fruity cargo cult Apple, which has legendary control over its supply chain, is now blaming its poor results on its suppliers.
But chip shortage hurt hardware
Software King of the World Microsoft reported some stonking fourth-quarter results thanks mostly to the antics of its cloud operations. But all was less rosy in its hardware section which was down 20 percent due to supply constraints.
So, you didn’t need to be an evil empire after all
While Microsoft might have floundered around for years being an evil empire, it appears that it is only after it stopped playing monopoly that it made some serious money.
Above its earlier $5.3 billion forecast
The GPU maker named after a Roman vengeance demon, Nvidia, said its first-quarter revenue will be above its earlier forecast of $5.3 billion.
Remote working benefit
Lenovo posted a better than expected quarterly profit and said it is continuing to benefit from “new normal” remote working after COVID-19.
Record revenue of $8.8 billion
Tesla reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other car makers.
Remote working boom
China’s Lenovo posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working and education.
Profit up 34 percent
Foxconn reported a better than expected quarterly profit as rising telecommuting demand amid the coronavirus pandemic offset slowing smartphone sales.
Nintendo’s operating profits increased by 427.7 percent during April to June and it was not because people were locked up with nothing to do.