Table of Contents

• Oracle

• Apple

Top Stories Today

Economy & Finance

Oracle

Oracle reported higher-than-expected revenue for its first quarter, driven largely by increased demand for its cloud services, which are popular among companies implementing artificial intelligence technologies. Following this news, Oracle's stock rose 5.2% in after-hours trading. The company is making significant strides in the competitive cloud market, narrowing its gap with leaders such as Microsoft and Amazon Web Services. Oracle has introduced Oracle Database@AWS, a collaboration that allows users to run Oracle’s database services directly on AWS. Financially, Oracle’s cloud services and license support sector reported a 10% increase in revenue, reaching $10.52 billion. Total revenue for the quarter was $13.31 billion, surpassing the $13.23 billion predicted by analysts.

Technology

Apple

Apple hosted an event today at its Cupertino headquarters, unveiling the latest additions to its product lineup. The event featured the introduction of the iPhone 16 and iPhone 16 Plus, along with the iPhone 16 Pro and iPhone 16 Pro Max. These new iPhone models offer enhanced displays and sizes compared to their predecessors. Apple also launched the Apple Watch Series 10, which includes a new design and chip, and the Apple Watch Ultra 2. Additionally, new AirPods 4 and an updated version of AirPods Max were revealed, now supporting USB-C charging and available in new colors. Preorders for the new iPhones start this Friday, with the official release slated for September 20.

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