Microsoft more profitable than Apple at $1 trillion milestone

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Lumia's failure hasn't hit Microsoft too hard... yet.
Photo: Microsoft

Apple may have quaffed all the champagne at the $1 trillion in revenue party before Microsoft even got its invite, but the Windows maker rocked up in a bigger limo.

Last quarter, Microsoft finally reached the major milestone that Apple celebrated back in 2015, and it currently boasts even more profit.

Microsoft to cut workforce by 18,000

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Current Microsoft CEO Satya Nadella has a reputation as someone who cuts middle management.
Current Microsoft CEO Satya Nadella has a reputation as someone who cuts middle management.

Microsoft is going through some major turbulence. Today it has announced major layoffs, beginning with 13,000 positions to go immediately, with a total of 18,000 expecting to find themselves out of a job sometime during 2014.

The vast majority of these sackings involve the company’s Nokia division. Microsoft acquired Nokia’s Devices and Services unit back in September 2013 for $7.2 billion. Along with taking ownership of the Finnish firm’s entire smartphone lineup — giving it complete control over both hardware and software– the acquisition saw 25,000 Nokia employees join the Microsoft ranks.

The current Microsoft layoffs means that up to half of the Nokia people will probably leave the company, although it will also likely signal the end for some previous Microsoft employees to allow for incoming Nokia talent.

Steve took our Jobs, says Finnish Prime Minister

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Most of us couldn’t have been any more excited for the iPhone and iPad. Then again, most of us aren’t the Finnish Prime Minister.

Speaking to Swedish financial newspaper Dagens Industri, Prime Minister Alexander Stubb has accused Apple’s late-founder Steve Jobs of crushing his country’s job market with two innovations that caught Finland completely off-guard.

“We had two pillars we stood on: one was the IT industry, the other one was the paper industry,” Stubb said — noting that both were affected by the arrival of Apple’s smartphone and tablet combo in the mid-2000s.

Apple snaps up Nokia PureView camera engineer

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Nokia’s incredible PureView camera technology is one of the reasons why so many Android users were desperate to see the Finnish firm ditch Windows Phone and bring Google’s platform to its flagship smartphones instead — and you could soon see the same technology in future iPhones.

Apple has used Microsoft’s recent acquisition of Nokia’s handset business as an opportunity to poach executives who are seeking new challenges, and the Cupertino company has just hired Lumia engineer and PureView camera expert Ari Partinen.

7 Awesome Companies Apple Should Buy After Missing The Boat On Oculus

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Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC
Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC

When Facebook snapped up virtual-reality company Oculus VR this week, it got us wondering what other interesting startups Apple might want to buy before Mark Zuckerberg can get his hands on them.

While Oculus is most well known for its Rift gaming headset, Zuckerberg sees a far more wide-ranging application for the company’s VR tech, envisioning it as a futuristic communications platform. “One day, we believe this kind of immersive, augmented reality will become a part of daily life for billions of people,” he said in his post about the acquisition.

That’s the kind of big thinking Steve Jobs brought to the table when he talked about the way the Mac, the iPod, the iPhone and the iPad would change the way people interact with technology. While Apple rarely dips into its $150 billion cash hoard to buy other hardware firms, here are seven awesome companies whose technology could help Cupertino enhance and improve its existing devices — as well as build entirely new ones.