Apple is raising the price of its streaming service, Apple TV+, to $12.99 from $9.99, Variety reports. The company justified the price hike by saying it’s launched numerous new shows and movies and, unlike competitors like Netflix or Disney, it doesn’t have an ad-supported tier. The service is also losing a lot of money — reportedly more than $1 billion a year.
Once nearly synonymous with AI, it just got surpassed in valuation by Anthropic. Now it looks like it’s also going to get beaten to the IPO starting line.
Cybersecurity firm Palo Alto Networks jumped more than 10% in postmarket trading after reporting fiscal third-quarter results that beat analyst revenue and earnings expectations.
The company posted adjusted earnings per share of $0.85, versus the FactSet analyst consensus estimate of $0.79 on $3 billion in revenue. (Wall Street had expected $2.94 billion.)
The company also boosted its guidance for the full fiscal year. The company now expects non-GAAP EPS in the range of $3.77 to $3.79, compared to its previous projection of $3.65 to $3.70 (and analysts’ expectations of $3.68). It also forecast revenue of $11.415 billion to $11.425 billion, representing year-over-year growth of 24%, compared to previous growth expectations of 22% to 23%.
Through Tuesday’s close, the stock had risen more than 60% in the past month.
Microsoft is making it clear it can stand on its own as a competitor in the AI arena.
Today at its annual Microsoft Build developer conference, the company made a flurry of announcements that move it further away from the shadow of its complicated relationship with partner OpenAI.
Among the products announced:
New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.
Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.
Majorana 2, the company’s next-gen quantum chip.
Microsoft Scout, an integrated always-on agent built on OpenClaw.
Project Solara, an AI gadget operating system.
Investors were unimpressed, however, as shares were down over 4% after the announcements.
New Nvidia-powered Windows PCs: the Surface Laptop Ultra and Surface RTX Spark Dev Box.
Seven new homegrown AI models: MAI Image-2.5, MAI Image-2.5-Flash, MAIN Transcribe-1.5, MAI Thinking-1, MAI Voice-2, MAIN Voice-2-Flash, and MAI Code-1-Flash.
Majorana 2, the company’s next-gen quantum chip.
Microsoft Scout, an integrated always-on agent built on OpenClaw.
Project Solara, an AI gadget operating system.
Investors were unimpressed, however, as shares were down over 4% after the announcements.
