The digital ad market saw strong Q3 revenue growth for Alphabet, Meta, Snap, Reddit, and Roku, fueled by US political ads, AI ad tools, and consumer spending. Google’s advertising revenue surged over 10% year-over-year, boosted by election-related ad spend, particularly on YouTube. Overall, these tech companies experienced significant financial gains in the third quarter, driven by various factors in the digital advertising landscape.
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Apple Shift Turns India Into World's Top Maker of US Smartphones
India has surpassed China to become the leading source of smartphones sold in the US, driven by Apple's increased production in the country. In the June quarter, India accounted for 44% of US smartphone shipments, while China's share dropped to 25%, as manufacturers adjusted inventories amid tariff concerns, despite an 11% decline in Apple's iPhone shipments. Want More Context? 🔎
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