• 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, […]

  • ALL DEALS
    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions

    Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions Foodpanda has become profitable in two of its three operating regions, Central and East Europe and the Middle East, with profits in Asia a function of how quickly it can grab market share, its chief executive said on Tuesday. The emerging markets food delivery […]

  • NEWS
    EA Posts Unexpected Profit on Higher Game Downloads

    Video-game publisher Electronic Arts Inc, known for titles such as FIFA and Star Wars Battlefront, reported an unexpected first-quarter profit, helped by higher downloads of its games. The company’s digital business, where players download digital versions of games, generates higher margins than sales of physical discs. EA’s shares initially rose about 2.5 percent in extended […]

  • ELECTRONICS
    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows

    Foxconn Sees Q4 Net Profit Dip as Smartphone Demand Slows Taiwan’s tech giant Hon Hai said net profit dipped in the fourth quarter, hit by a slowdown in demand for smartphones as key customer Apple warns waning sales of its iPhone. Net income in October-December fell 6.67 percent to TWD 52.9 billion ($1.6 billion or […]