Apple delivered a strong revenue forecast for the third quarter, with sales expected to rise 14% to 17% in the period. The company warned that memory-chip costs will increase and that shortages of Mac computers will persist for "several months." Bloomberg Intelligence's Matthew Bloxham breaks down the situation.
ASML raised its full-year sales forecast, with net sales expected to be between 36 billion ($42.4 billion) to 40 billion this year. Europe's most valuable company's machinery is crucial for producing the Nvidia Corp. chips that are the backbone for training and running artificial intelligence models in data centers. Bloomberg's Charlotte Hughes-Morgan reports.
Poste Italiane's 10.8 billion ($12.5 billion) bid for full control of Telecom Italia moves forward much-needed consolidation that will strengthen Europe's telecom sector, the phone company's chief executive officer said in an interview. "The digital business is all about scale," CEO Pietro Labriola told Francine Lacqua. "You need to move fast and have strong financial backing."
Orange CEO Christel Heydemann said the French carrier and its partners have not yet reached an agreement on a new bid to buy rival SFR. She also speaks about the company's expansion plans, AI disruption and satellites. She spoke with Bloomberg's Anna Edwards, Tom Mackenzie and Guy Johnson.
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