3. Nobody likes power cuts, especially authoritarian governments. Many Chinese provinces suffered critical electricity shortages last fall. Factories fell silent in an instant. High-rise office buildings had to be evacuated without stopping the elevators. Chemical plants have lost their power and with it their ability to control heat and pressure in potentially dangerous processes. In […]
Apple’s profit nearly doubled in the last quarter.
Apple’s profit almost doubled in the last quartershows that the world’s richest and most valuable publicly traded company is showing no signs of slowing down. Apple said on Tuesday that its fiscal third-quarter profit rose 93 percent year-on-year to $21.7 billion, and sales rose 36 percent to $81.4 billion, both beating analysts’ expectations. The company […]