BusinessBusiness and finance

Silicon Valley’s criticism of Donald Trump

EARLY in 2016 Schumpeter went to a dinner with one of Silicon Valley’s luminaries, a man of towering intelligence and negligible humility. Asked about the upcoming election, he scoffed: it didn’t matter who America’s president was. Politics had become irrelevant, he said. Technology firms, and their leaders, would carry on fashioning brilliant products and generally carrying out God’s work on Earth, regardless of who occupied the White House. Cue smirks and more Hawaiian Kampachi all round.

Now Silicon Valley has thrust itself into a presidential stink. Technology groups were the first among big firms to slam Donald Trump’s executive order of January 27th, which temporarily bans people from seven mainly-Muslim countries in the Middle East from entering America. Tim Cook, Apple’s boss, criticised it to employees. Mark Zuckerberg at Facebook said he was “concerned”. Sundar Pichai, CEO of Google, told staff he was “upset” on the day of the order, and a day later the firm’s co-founder, Sergey Brin, was spotted among hundreds of protesters at San Francisco airport.

Just a month earlier all these technology firms and more…Continue reading

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Wall Street

Apple Goes on Record-Breaking Spree

Apple stunned Wall Street with Q1 earnings that set new quarterly unit and revenue records in key product segments, and its highest-ever earnings per share. CEO Tim Cook said the company set all-time revenue and unit records for its iPhone and Apple Watch brands, all-time revenue records for its Mac and Services businesses, and all-time revenue records for four of its five geographic sectors.

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