Apple releases record quarterly results despite parts shortages

Apple Inc. AAPL -0.29% posted record quarterly results on Thursday even as inventory shortages hampered sales, and Chief Executive Tim Cook said those restrictions are improving. The iPhone maker had previously warned that sales growth in the key holiday quarter would be impacted as the tech and auto industries face shortages of parts, especially a … Read more

China seeks ‘self-reliance’ in chip-making, fueling global unease

BEIJING — To turn China into a self-sufficient “tech superpower,” the ruling Communist Party is forcing the world’s largest e-commerce company to take on the cumbersome, expensive venture of designing its own processor chips — a venture unlike any other. everything the Alibaba Group has ever done. done before. The three-year-old chip unit, T-Head, unveiled … Read more

Bruce Springsteen sells his music to Sony Music Group

Bruce Springsteen sold his music rights to Sony Music Group for between $500 million and $600 million in a deal that represents the largest transaction ever for an individual artist’s life’s work, according to people familiar with the matter. According to people familiar with the deal, several financial players have looked to support the transaction, … Read more