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Apple Hasn’t Found a Product as Profitable as iPhone yet but These Future Plans Look Promising
For years, the iPhone has been a blockbuster product for Apple and its investors. The iPhones are the center of Apple’s product ecosystem and generate more than half of the company’s total revenue. And, that’s a huge thing. For quite some time, customers and investors have been waiting for Apple to develop another ‘Big’ thing with the same revenue potential…
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Reddit is profitable for the first time ever, with nearly 100 million daily users
Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year. The company hasn’t been profitable at any point in its nearly 20-year history. Since going public, Reddit lost $575…
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