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Oct 19, 2025 8:10 AM

Consumer Tech News (Oct 13-17): Elon Musk's Starlink Under US Probe, Salesforce Eyes $60B Revenue, Apple Launches M5 Chip And More

A bipartisan committee in the U.S. Congress has reportedly begun a probe into Elon Musk‘s Starlink satellite business for its alleged involvement in providing internet access to scam centers in Myanmar.

Earnings

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) delivered third-quarter results that blew past analyst expectations, driven by global demand for its advanced processor technologies essential for artificial intelligence applications.

ASML (NASDAQ:ASML) reported third-quarter 2025 results showing slightly lower revenue but stronger-than-expected earnings, driven by robust demand for its Extreme Ultraviolet (EUV) lithography systems.

Salesforce Inc (NYSE:CRM) set a new long-term revenue target of over $60 billion by fiscal year 2030, excluding Informatica, signaling a 10%+ organic CAGR from fiscal 2026 to fiscal 2030.

Smartphone & Retail

Apple (NASDAQ:AAPL) unveiled the new M5 chip, featuring advanced graphics processing units (GPUs) with Neural Accelerators, high-performance central processing units (CPUs), and a faster Neural Engine, which supercharges Apple’s devices.

Apple will become the exclusive U.S. broadcast partner for Formula 1 beginning in 2026.

Apple is preparing to open preorders for its new iPhone Air in China later this week, following regulatory approval for eSIM services by the country’s three largest telecom operators.

Apple and Comcast Corporation's (NASDAQ:CMCSA) NBCUniversal unveiled a new streaming bundle on Thursday, bringing together Apple TV+ and Peacock under a single subscription.

Amazon.com Inc. (NASDAQ:AMZN) is reportedly preparing to lay off up to 15% of its human resources team, with additional cuts expected in other departments, as the e-commerce giant ramps up AI investments.

Alibaba (NYSE:BABA) fintech affiliate Ant Group has open-sourced dInfer, an inference framework for diffusion language models, claiming it can ...