Incs

Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022

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Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash App declined by 25% to $35 million in Q4 2022. According to the report, the total Bitcoin sold, which the company refers to as Bitcoin revenue, was … Read more

Apple Inc’s Hardware Subscription Service Facing Setbacks Forcing Delays

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The plan by Apple to launch the series of subscription services for its hardware product is the company’s own way to get a competitive advantage over other rivals in the space. American multinational technology giant Apple Inc (NASDAQ: AAPL) is recording a significant slowdown in its plans to launch a number of hardware subscription services. … Read more