Technology

Apple crushes June quarter earnings records

Apple announced Tuesday a new overall June quarter revenue record of $81.4 billion, a 36% year-over-year increase compared to $59.6 billion a year ago. The company posted a quarterly net profit of $21.7 billion, or $1.30 per diluted share, versus a profit of $11.2 billion, or 65 cents per diluted share, a year ago.

Ford to open new electric vehicle battery facility in Michigan

The new collaborative learning lab, dubbed Ford Ion Park, represents $100 million of the automaker's total $185 million investment in developing, testing, and building electric vehicle battery cells and cell arrays. It is also part of the company's $30 billion investment in electrification by 2025.