Microsoft is entering the finance market in a 10-year partnership with the London Stock Exchange Group. As part of the deal, Microsoft has acquired nearly 4 percent of the UK bourse operator and teed-up its executive VP, Cloud and AI Group, Scott Guthrie, to be appointed a non-executive director of LSEG, which in January 2021 completed its acquisition of leading investment data firm Refinitiv. “Together we look forward to empowering the future of financial markets by delivering next generation data, analytics and workspace solutions,” Microsoft said of the agreement. Continue reading Cloud Deal: Microsoft Buys Stake in London Stock Exchange

Verizon announced the formal commercial rollout of a 5G fixed wireless home network service in all its 5G enabled markets by year’s end. The new offering will combine the telecom’s broadband product Fios with its 5G Home product by taking advantage of their shared network architecture. Verizon plans to bring this new package to select areas in 30 cities. The move will provide the company with a pathway for expanding its home connectivity business at the same time it presents fresh options to consumers. Continue reading Verizon to Launch 5G Fixed Wireless Home Network Service

Although the June quarter is typically Apple’s weakest, the company’s revenue was up 7.2 percent from a year earlier, mainly due to increased sales of iPads and Macs. The growth was the best in seven consecutive quarters, also in part due to 1.6 percent growth in Apple iPhone sales, representing 41.03 million devices. The growth in sales of iPads and Macs was unanticipated since consumers have focused more on smartphone purchases, with 1.9 percent growth for the former and 6.7 percent growth for the latter. Continue reading Apple’s Unexpectedly Strong Quarter Led by iPad, Mac Sales

New subscriber numbers for Netflix, both in the U.S. and globally, were lower than expected, at 98.75 million total subscribers, up from 81.5 million a year ago. Analysts polled by Thomson Reuters before Netflix released the number expected 98.9 million subscribers. Netflix has stated it expects to pass the 100-million subscriber mark this week. Netflix also indicated a willingness to debut its feature films first in large theater chains, saying that it should be up to the consumers who pay for these films to be made. Continue reading Netflix Misses Subscriber Estimates, Rethinks Movie Releases

As part of its “video first” strategy, Facebook is at work on a video app for Apple TV and other TV set-top boxes, say knowledgeable sources, who add that the social media platform is also in discussions to license long-form “TV-quality” content. The move will allow Facebook to compete for TV advertising revenue and distribute content to TV sets. The company is already the No. 2 destination for digital ads after Google, but has said it is running out of room for more ads in its News Feed, the company’s main source of revenue. Continue reading Facebook Working on Video App, Licensing TV-Quality Content

Apple’s quarterly profit fell 27 percent to a net income of $7.8 billion in the fiscal third quarter ending June 25, compared with $10.68 billion in last year’s third quarter. This downturn, which marks a second straight quarter of reduced revenues, reflects a prolonged downturn in iPhone sales, the first since the smartphone was introduced in 2007. The smaller, less expensive iPhone SE, which debuted in March, alone enjoyed strong sales, with sales of all other models dipping. Continue reading Apple Experiences Downturn, iPhone SE Sales a Bright Spot