Technology

Apple Posts Record $114.5 Billion Quarter Led by iPhone Sales

Apple posted record September-quarter revenue of $114.48 billion, up 12%, with iPhone sales of $57.58 billion and Services at $31.57 billion. Fiscal 2026 revenue reached $479 billion. Guidance for the next quarter shows slimmer margins because of memory costs and AI investment, in the first report under CEO John Ternus. Investors are now watching how new leadership manages costs while pursuing artificial intelligence upgrades, especially memory expenses.

Original report: 9to5mac.com

Squarespace Lays Off 19% of Staff as AI Site Builders Rise

Squarespace is laying off about 19% of its workforce, around 300 people, as AI vibe-coding site builders reshape the market. Rivals such as Wix and Lovable are spending and raising heavily on AI, while Squarespace is pushing its Blueprint tool and a new AI-native platform called Forma. The cuts show how generative tools are pressuring established website platforms across the whole industry, forcing rapid changes.

Original report: techcrunch.com

Putin Orders Private Data Centres to Reserve 10% Capacity

Putin signed a decree requiring private data centres to reserve 10% of capacity for Russian IT infrastructure. A government commission can order the capacity released, with operators giving access within 24 hours, and temporary foreign data centre use needs FSB approval. The order follows Ukrainian drone attacks on Russian facilities last month. Ukrainian drone attacks on Russian data centres last month help explain why the order matters now.

Original report: themoscowtimes.com

SUSE to Cut One in Ten Jobs Citing Automation and AI

Open source software maker SUSE will cut about one in ten employees, roughly 1,900 jobs, citing automation and AI in a memo from its chief executive. Staff are due to be informed by November 4, and a wider FY2027 strategy follows on November 16. The company is owned by private equity firm EQT. The announcement adds to a growing wave of technology layoffs tied to artificial intelligence.

Original report: theregister.com