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iPhone sales surge like never before despite raging pandemic

Apple’s daily revenue was $1 billion in Q2

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Apple reported record revenues of US$ 89.6 billion for Q2 2021, an increase of 54 percent year over year. The company’s iPhone, iPad, and Mac lineups are producing strong growth.

The iPhone range, headlined by the iPhone 12 quartet, brought in US$ 48 billion in revenue alone between January and the end of March. iPhone revenue in the previous quarter was roughly US$ 29 billion, marking a rise of 66 percent. iPad sales came in at US$ 7.8 billion while Mac sales were US$ 9.1 billion.

Apple said it would increase its dividend by 7 percent to US$ 0.22 per share and authorized $90 billion in share buyback, which is significantly higher than last year’s US$ 50 billion.

The subscription services, which include the Apple One bundles, also hit an all-time high with US$ 16.9 billion in sales. These services include Apple Music, Apple TV+, Apple Arcade, and more. Wearables like AirPods and the Apple Watch had a record-setting quarter, too, drawing in US$ 7.8bn.

Apple CEO, Tim Cook, said on a conference call with analysts that all five of the best-selling smartphones in the U.S. during the quarter were iPhones. Though, Apple did not disclose official guidance for what it presumes in the quarter ending in June.

Apple sales grew at least 35 percent in every region, and while the majority was still in the Americas, China played a pivotal role too. The company did say that future growth could be hampered due to the acute shortage of semiconductors. Its new M1 chipset is class-leading and designed on the latest ARM-based architecture. This adds a layer of complexity that could slow down shipments.

Apple said it didn’t know how long the chip shortage would keep supply from meeting demand, but it’s sure that the demand far outweighs the supply.

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NVIDIA CEO Jensen Huang resigns after scandals

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NVIDIA’s week is finally and mercifully coming to an end. After being implicated in two extramarital affairs, now-former NVIDIA CEO Jensen Huang has resigned from his position.

It’s been a terrible week for Huang’s personal life. Last weekend, a bombshell report revealed that Huang engaged in an affair with Alice Huang, who is reportedly involved with Chinese intelligence. Quickly realizing the heaviness of the allegations, the CEO admitted quickly to the affair.

However, barely 24 hours ago, another report revealed that Huang had a second extramarital affair. Though he was clear of any more espionage allegations, his romantic affair of choice was another executive within the company. NVIDIA’s board of directors quickly debated whether Huang should be fired for his actions.

Now, Huang has voluntarily resigned from his position. The former CEO leaves behind his spot at the head of the table since cofounding NVIDIA in 1993.

In his stead, the board of directors have named incumbent CFO Colette Kress as the company’s interim CEO while the board searches for a permanent replacement. Despite her interim role, Kress will continue her duties as CFO.

Additionally, the board has named Harvey C. Jones, a member of board since its founding, as its first chair of the board.

Though the company will leave most of the controversy behind with Huang’s departure, its next chapter is about to begin. Will its new direction maintain the company’s tenuous balance between AI and gaming, or tip the scales towards one segment?

SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy

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NVIDIA might fire CEO Jensen Huang after alleged second affair

This time, it’s with an executive within the company.

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After a horrendous first half of the week for the company, NVIDIA continues its string of bad luck after a new report alleges that CEO Jensen Huang engaged in a second extramarital affair with an executive within the company. As a result, the company is reportedly preparing to oust Huang from his position.

Early this week, a bombshell of an allegation implicated Huang in an extramarital affair with a supposed agent of Chinese intelligence. Soon after, Huang admitted to having an affair but declined to comment about the spy allegations. Because of his admission, NVIDIA decided to start an internal investigation into Huang’s activities but remained confident in Huang’s ability to continue leading the company.

Though the investigation has not concluded yet, a new report is further rocking the company. According to The New York Times, the same outlet that first reported on the Chinese spy allegations, Huang  was involved in a second extramarital affair with Kimberly Powell, NVIDIA’s vice president of healthcare products. She reports directly to Huang.

Based on the Times report, bystanders caught the couple being intimate in public but were offered to sign an NDA about what they saw. Both Huang and Powell are notably married.

After the recent findings, NVIDIA’s board reportedly met to discuss Huang’s future, according to the Wall Street Journal. The board of directors is supposedly preparing to fire Huang. The CEO’s controversies have caused the company’s stock value to drop. The problem, however, is that Huang does not have a clear successor, leading the company into potential limbo once he’s ousted.

SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy

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NVIDIA CEO admits to having an affair with alleged Chinese spy

The company is currently investigating the allegations.

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In one of the craziest headlines this year, NVIDIA CEO Jensen Huang has admitted to having an affair with an alleged Chinese spy.

Over the weekend, a heavy allegation claimed that the NVIDIA CEO had a relationship with a person actively involved in Chinese intelligence. Since Huang is involved in business globally, the accusation isn’t a light one. In fact, it’s serious enough that Huang admitted to the affair late this past Sunday.

In an internal letter reported by Associated Press, the CEO acknowledged the existence of the affair with a business executive. Of note, Huang did not confirm the executive’s ties to Chinese intelligence. NVIDIA, however, will conduct its own investigations regarding the allegations. Despite the allegations, Huang will remain as the company’s CEO. The company is also confident that the alleged spy did not compromise NVIDIA’s secrets.

According to The New York Times, the executive, Alice Huang, was reportedly feeding information back to Beijing, despite being an executive of the Singapore-based Megaspeed, which is already a serious customer of NVIDIA.

Now, NVIDIA is currently in a prime position when it comes to the industry today. Formerly a huge proponent of gaming peripherals, the company is now one of the biggest names in AI hardware, allotting a lot of its products for data centers. Huang’s allegations come at an interesting time.

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