Amazon Reports Slump in Profits Due to Labour, Supply Issues; Expects It to Continue Through Holiday Quarter

Amazon reported a slump in profit that it expects will continue through the holiday quarter, as higher pay to attract workers and other operational disruptions diminish the company's windfall from online shopping.

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Apple Results Hit by Supply Chain Woes, CEO Tim Cook Says Holiday Quarter Impact Will Be Worse

Supply chain woes cost Apple $6 billion (roughly Rs. 44,890 crore) in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter.

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Meta Plans to Launch Smartwatch With Camera as Competitor to Apple Watch, Leaked Photo Shows

Meta, the company formerly known as Facebook, is developing a smartwatch with a front-facing camera and rounded screen, according to an image of the device found inside one of the tech giant’s iPhone apps.

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Amazon labour shortage hinders one-day delivery ambitions

Amazon said it anticipates $4 billion in additional labour and related expenses during the fourth quarter, amid pandemic-fueled shortages that made it harder to hire warehouse workers and drivers, and forcing it to route packages to out-of-the-way warehouses with sufficient staffing.

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Apple has doubled its business in India: CEO Tim Cook

“During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam. We are optimistic about the future, especially as we see strong demand for our new products,” said Cook.

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Facebook Changes Name to Meta, CEO Mark Zuckerberg Says Rebranding Reflects Investment in 'Metaverse'

Facebook is now called Meta, the company said, in a rebrand that focusses on building the "metaverse," a shared virtual environment that it bets will be the successor to the mobile internet.

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'Very...Meta': Twitter cracks up over Facebook rebrand

Facebook Inc.'s announcement that the company would henceforth be called Meta Platforms Inc. unleashed a torrent of hilarity on Twitter from companies, people and even the social media giant itself.

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