Facebook’s diversity push hampered by its own hiring practices
The problem lies within the company’s own hiring practices. Specifically, it’s the company’s multi-tiered system, which vests a vast majority of the final hiring decision with a small group of executives. According to a Bloomberg report, despite a number of minority candidates making it through the rigorous interview process, the final decision always fell on engineering leaders who nearly exclusively picked white or...
Apple Reports Second Quarter Results
CUPERTINO, California — April 26, 2016 — Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared...
Apple Reports Record Fourth Quarter Results
CUPERTINO, California — October 27, 2015 — Apple® today announced financial results for its fiscal 2015 fourth quarter ended September 26, 2015. The Company posted quarterly revenue of $51.5 billion and quarterly net profit of $11.1 billion, or $1.96 per diluted share. These results compare to revenue of $42.1 billion and net profit of $8.5 billion, or $1.42 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent...
Apple Reports Record Third Quarter Results
CUPERTINO, California — July 21, 2015 — Apple® today announced financial results for its fiscal 2015 third quarter ended June 27, 2015. The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Gross margin was 39.7 percent compared to...
Streaming topped all forms of US music consumption in 2016
In fact, folks in the US streamed more songs per day (1.2 billion) than the 734 million that were downloaded during the entire year, the ratings company said. As with similar increases in the UK, streaming increased 76 percent from last year, a figure that helped the music industry grow a solid three percent over 2015. Major streaming sites, especially Spotify and Apple Music, also saw dramatic subscriber boosts.The music industry...
