• ELECTRONICS
    LG Electronics India posts ₹1,534-crore profit in FY19

    Total revenues for FY19 stood at ₹15,945.20 crore Consumer durables company LG Electronics India posted a net profit of ₹1,534.50 crore in FY19, clocking 5.52 per cent growth over the previous fiscal. The company, which is a wholly-owned subsidiary of South Korean consumer durables major LG Electronics, had reported a net profit of ₹1,454.20 crore in FY18. Total […]

  • ELECTRONICS
    Samsung Electronics Q3 profit slumps 52%

    Samsung Electronics, the world’s largest smartphone and memory chip maker, saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September were 6.29 trillion won ($5.40 billion), it said in a statement — […]

  • ELECTRONICS
    Samsung Electronics third-quarter net profit slumps 52%

    SEOUL: The world’s largest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September were 6.29 trillion won ($5.40 billion), it said in a statement — down […]

  • ELECTRONICS
    Samsung Electronics says Q3 profit seen down 56%, beats expectations

    South Korean tech giant Samsung Electronics on October 8 reported its third-quarter operating profit likely tumbled 56 percent, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from […]

  • ELECTRONICS
    Samsung Electronics’ Q2 profit likely halved as Huawei woes worsen chip glut

    SEOUL: Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China’s embattled Huaweiexacerbated a price-squeezing supply glut. The quarterly result would be the South Korean firm’s lowest in nearly three years, with the prospect of an earnings recovery still […]

  • NEWS
    Sharp Shares Soar on Prospect of Full-Year Operating Profit

    Japan’s Sharp Corp on Wednesday said it expects significant improvement in annual profit due to restructuring and synergies with new owner Foxconn, sending shares in the display maker soaring more than 10 percent. The statement came after the Nikkei business daily reported that Sharp forecasts operating profit of about JPY 40 billion ($385 million) for […]

  • NEWS
    Microsoft Sales, Profit Top Estimates as Cloud Demand Soars

    HIGHLIGHTS Estimated profit would be 68 cents on revenue of $21.7 billion Revenue from Azure cloud services more than doubled Pledged to reach annualised revenue of $20 billion in cloud business Microsoft Corp.’s first-quarter sales and earnings topped analysts’ estimates, buoyed by growing demand for cloud-based software and services. Profit excluding certain items was 76 […]

  • NEWS
    Nintendo Cuts Full-Year Profit View on Wii U Woes

    Nintendo Cuts Full-Year Profit View on Wii U Woes Nintendo cut its full-year outlook Wednesday blaming disappointing Wii U game sales and a strong yen, but it remained profitable thanks to the sale of the Seattle Mariners baseball team. The warning came despite the immense global popularity of the Pokemon Go app this summer, which […]

  • ALL DEALS
    Google Parent Alphabet Profit Surges on Mobile, Video Ads

    HIGHLIGHTS Alphabet’s net income climbed 27 percent to $5.06 billion Google is competing with Facebook for dominance in mobile advertising Advertising accounted for 89.1 percent of Google’s total revenue Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for […]

  • NEWS
    Google Parent Alphabet Profit Surges on Mobile, Video Ads

    HIGHLIGHTS Alphabet’s net income climbed 27 percent to $5.06 billion Google is competing with Facebook for dominance in mobile advertising Advertising accounted for 89.1 percent of Google’s total revenue Google parent Alphabet Inc bested analysts’ estimates for third-quarter profit and revenue on Thursday as the search company showed it has honed its core business for […]

  • NEWS
    Angry Birds Maker Rovio Says Profit Fell 73 Percent In 2014

    Angry Birds Maker Rovio Says Profit Fell 73 Percent In 2014 Mobile games maker Rovio reported its operating profit fell 73 percent last year due to a drop in its licensing business, a latest sign its breakthrough Angry Birds brand is losing its appeal. Falling consumer product business, which includes toys, clothing and brand licensing, […]