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In a memo obtained by The Verge, Sharma set a target for Xbox to achieve player and revenue growth by the end of fiscal year 2027, which runs through next June.

During the third fiscal quarter conference call for fiscal year 2026 held recently, Apple CEO Tim Cook hinted that with the upcoming release of iOS 27, Apple plans to introduce a higher-tier iCloud+ subscription for users who frequently use AI features.

CEO Mark Zuckerberg revealed on the second-quarter earnings call that several new apps are in the pipeline, including recently launched apps for Marketplace sellers, Facebook Groups, a gaming app built through 'vibe coding,' an Instagram photo app, and an AI bedtime story experiment.

Microsoft's stock price surged 15% at Thursday's close, adding approximately $450 billion in market value, marking its largest single-day gain in nearly 18 years.

Apple’s services business, a key growth driver for the company, fell short of Wall Street expectations in the fiscal third quarter, missing revenue estimates by nearly $500 million.