Tag: 2014
Amazon Reports Its First Unprofitable Year Since 2014
Amazon had taken a 20% stake in Rivian and has begun rolling out the carmaker’s electric delivery vans. Rivian wanted to replicate Tesla’s success and held one of the largest initial public offerings in U.S. history. But last year, the exuberance faded, the carmaker made pricing missteps and it fell short of growth targets. Its stock price dropped 82%. For Amazon, the loss on its investment comes right when it contends with the need to recalibrate after a pandemic-era upsurge.
During the pandemic, the appetite for online shopping seemed to promise exponential growth, and many believed the habit changes could be permanent. Amazon couldn’t hire and built warehouses fast enough; its profits doubled and kept growing. But then people returned to physical stores, switched from cocooning to travel and outings, and eventually got more hesitant to spend as inflation rose. Last month, Amazon announced it expected to cut 18,000 jobs, or about 5% of the corporate workforce. CEO Andy Jassy, in a blog post, referenced “the uncertain economy” and the company’s pandemic-era hiring spree. At the peak, in late 2021-early 2022, Amazon employed more than 1.6 million part-time and full-time workers globally. Thursday’s financial report shows that number is now down to 1.5 million.
Read more of this story at Slashdot.
Apple’s 2013 and 2014 iMacs Now Obsolete, Apple Watch Series 2 Marked as Vintage
Obsoleted Macs include the late 2013 21.5 and 27-inch iMacs, the mid-2014 21.5-inch iMac, and the late 2014 27-inch Retina 5K iMac. The late 2014 27-inch iMac was the first iMac with a 5K Retina display. At the time, Apple’s Phil Schiller said it was the “most insanely great Mac we have ever made.”
Apple designates products as obsolete seven years after they were last on sale. All hardware service is discontinued for obsolete products, and service providers are not able to order parts for obsolete devices. The 2013 and 2014 iMacs will no longer be able to be repaired with components from Apple.
Apple today also marked the Apple Watch Series 2 as vintage. The vintage products list features devices that Apple stopped distributing for sale more than five years ago and less than seven years ago. Apple provides service and parts for vintage devices for up to 7 years, or as required by law, but repairs are subject to parts availability.
Both the original Apple Watch and the Apple Watch Series 2 are considered vintage, with the Series 2 having come out in 2016.
This article, “Apple’s 2013 and 2014 iMacs Now Obsolete, Apple Watch Series 2 Marked as Vintage” first appeared on MacRumors.com
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