Tech Trends: May 1 (5 stories)

Apple Tops Sales Estimates But Falls Short of Blowout Quarter

Apple Inc. delivered second-quarter revenue that edged past analysts’ estimates, helped by demand for the iPhone and Mac, while failing to produce the blowout results that some investors were anticipating.

Apple Shares Fall After Quarterly iPhone Sales Underwhelm

Apple’s Memory Strategy Is Good Move: Seaport’s Goldberg

Jay Goldberg, Seaport Research Partners semiconductors and electronics senior analyst, reacts to Apple’s fiscal second-quarter results. Speaking on “Bloomberg The Close,” Goldberg says memory prices could put pressure on Apple’s gross margins.

Musk Says No Contract Dictating His Early Donation to OpenAI

Elon Musk acknowledged there was no contract with OpenAI regarding the terms of his donation to the company when it was first founded as a nonprofit research organization more than a decade ago.

AI Hallucinations Put South African Ministers on the Spot

South Africa’s Democratic Alliance party has extolled the need to adopt modern technology to boost government efficiency since joining the ruling coalition as the second-biggest party in 2024.