Apple will pay Qualcomm $4.5-billion to $4.7-billion to catch up on licensing fees accrued during a two-year legal battle between the companies settled last month.
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Apple projected quarterly sales that topped analysts’ estimates, suggesting demand for iPhones has stabilised after a disappointing holiday period.
Eric Schmidt, the former CEO of Google and one of the largest stakeholders in parent company Alphabet, will step down from Alphabet’s board in June.
Facebook CEO Mark Zuckerberg has pledged to start a “new chapter” for the social network as he unveiled the company’s plans to improve privacy.
Facebook is expected to provide more details on its plans to increase privacy and encryption when its annual developer conference begins on Tuesday night.
Alphabet’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 7% following the results.
Spotify has reached 100 million paid subscribers, a first for any music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow.
For technology stocks, the superlatives are endless this year. But rather than take profits and run, investors are flooding the space.
Amazon.com spent $1.7 billion on video and music content during the first quarter of this year, the first time the technology and retail giant has itemised the growing cost of providing streaming services to consumers.
Uber Technologies is seeking to raise as much as $9-billion in an initial public offering that could give the ride-hailing giant a market valuation of as much as $84-billion.