• Annual smartphone shipment grew 4% year on year to 1.39 billion handsets in 2021 even as the pandemic and a worldwide chip shortage hampered supplies.
• Apple is on an unstoppable run now, with the iPhone maker posting a record quarterly profit of almost $124 billion on Thursday, causing Apple’s shares to pop 11%. It beat on the top and the bottom line, with sales for every product category bar the iPad beating expectations.
• A 20-megawatt hydrogen electrolyzer described as “one of the world’s largest” has begun operations in Zhangjiakou, China, Hebei Province. The electrolyzer will produce green hydrogen for fuel cell vehicles used at Zhangjiakou’s competition zone during the Winter Olympics, which will open on February 4. Once the Games finish, commercial and public transport will use the hydrogen.
• Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the fourth quarter, while analysts had been expecting $3.12 per share
• Tesla is delaying the Cybertruck until 2023.
• Japan’s SoftBank Group Corpvon Friday said its chief operating officer, Marcelo Claure, is leaving the technology investor in the latest blow after a string of high-profile departures.
• Google will invest up to $1 billion in partnership with India’s Airtel to provide affordable access to smartphones to over a billion Indians and speed up the use of cloud-based computing for business, the two companies said on Friday.
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