- Yicai Global/Twitter
Good morning! Here’s the technology news you need to know this Friday.
1. Apple announced its quarterly earnings yesterday and beat expectations. Its revenue was $52.6 billion (£40 billion), up 12% year on year, versus expectations of $50.5 billion (£38.6 billion) and Apple’s own forecast of between $50-$52 billion.
2. A Twitter employee on their last day of work took down Trump’s account for 11 minutes. Twitter said it is “taking steps to prevent this from happening again.”
3. The iPhone X goes on sale today. People have been queuing outside Apple Stores for days.
4. Sprint and T-Mobile are reportedly working to save their merger after talks broke down. The wireless carriers could announce a deal within weeks.
5. Fintech startup TransferWise raised $280 million (£214 million) from Old Mutual and IVP at a $1.6 billion valuation. The money will be used to fund expansion in Asia.
6. Alibaba surged after beating on earnings and boosting its outlook for the year. China’s largest ecommerce company reported adjusted earnings per share of 8.57 yuan ($1.29, £0.99), topping the forecast of 6.86 yuan ($1.04, £0.79).
7. Bitcoin’s price passed $7,300 (£5,593) yesterday. Bitcoin has been on a tear over the last week, posting record highs on consecutive days. The digital currency had not been higher than $6,300 (£4,827) at the start of the week.
8. A new flagship phone from OnePlus is just around the corner – and it’s keeping the headphone jack. CEO Pete Lau wrote a blog post on Thursday confirming that the rumored device exists.
9. HPE has shrunk so much that it’s abandoning its iconic Palo Alto campus to move in with a company it acquired. After years of layoffs and restructuring, the company will consolidate some of its Silicon Valley offices.
10. HTC officially announced its new flagship smartphone. The U11 Plus has a six-inch display and thinner bezels than the HTC U11.