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Microsoft tops $1 trillion as it predicts more cloud growth

(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk growth in its cloud business which has reached tens of billions of dollars in sales.… Read more

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Turns out Amazon buying Eero wasn’t the startup success story we thought

When Amazon bought mesh Wi-Fi router company Eero, our first reactions were of exhaustion, consternation and concern: why couldn’t a tiny company with an excellent privacy-minded product be left to its own devices, instead of getting snapped up by the big data giant from Seattle? Now, we know why. Mashable reports that Amazon paid just $97 million for Eero, far less money than the $148 million it reportedly raised as a startup.… Read more

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Ring’s latest smart doorbell installs on your door’s peephole and detects knocks

Unlike its parent company Amazon, Ring is going really big with public announcements at this year’s CES. The company is introducing 13 new products today, including a new doorbell, smart lights, smoke sensors, and more. It’s so many devices that it can be hard to keep track of them all, but the theme is that Ring is rounding out its ecosystem with products many of its users have been asking and waiting for.… Read more

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Apple’s cloud business is hugely dependent on Amazon

Apple’s future beyond the iPhone increasingly involves software services, ranging from Apple Music and iCloud to its new TV Plus video offering and its News Plus magazine subscription. Yet a big factor in helping those cloud-based services operate across its nearly 1.5 billion active devices simultaneously is the company’s ongoing contract with Amazon, specifically Amazon’s cloud computing division. According to CNBC, Apple is one of Amazon Web Services’ biggest customers, with monthly payments to the cloud division totaling more than $30 million and increasing.… Read more

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Amazon has its most profitable quarter ever, but growth is slowing

Amazon wants to continue its dominance over e-commerce, but it can only grow so much. In its first quarter earnings posted today, Amazon revealed record-high profit, more than double what investors predicted, and revenue was in line with Wall Street expectations, at $59.7 billion. But the company is again entering a period of high spending that, coupled with its slow revenue growth, may prove an obstacle down the line.… Read more