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International Business News: Arm Ltd, the semiconductor unit of SoftBank Group Corp, is targeting an initial public offering (IPO) at a valuation of $60bn to $70bn in September. A
The quarterly report could mark a break from an upbeat earnings season for the likes of Meta Platforms, Alphabet and Microsoft that have shown resilience in their cloud businesses and an uptick in digital ad sales.
Arm Ltd.: Arm made a confidential filing for a US listing in April. A handful of big industry names, including Nvidia Corp. and Intel Corp., have been engaged in preliminary talks to become anchor investors in the IPO, which could be the year’s biggest market debut.
Apple is likely to report a dip in iPhone sales in its latest quarter as shoppers held out for a new model in a slow economy.
Apple is expected to report its fiscal Q3 earnings on Thursday with analysts expecting a larger than 2% decline in iPhone revenue.