Archives
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ALL DEALS 
September 1, 2016 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 […]
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NEWS 
August 24, 2016 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 […]
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ELECTRONICS 
August 13, 2016 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 […]
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ELECTRONICS 
August 12, 2016 LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices
South Korean tech firm LG Electronics Inc said on Monday its first-quarter operating profit likely rose 66 percent from a year earlier, easily beating expectations and pointing to an earnings boost from healthy appliance sales and falling television panel prices. LG Electronics said in a regulatory filing it expects a January-March profit of KRW 505 […]
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ELECTRONICS 
August 12, 2016 LG Electronics Posts Massive Profit Jump Despite Smartphone Sales Slump
Booming sales of home appliances and televisions helped South Korea’s LG Electronics report a surge in first-quarter profits Thursday, despite a continued slump in smartphone sales. Net income for January to March amounted to KRW 198 billion ($173.9 million or roughly Rs. 1,156 crores), up 415 percent from a year ago, the Seoul-based company said […]
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ELECTRONICS 
August 5, 2016 LG Electronics Says Q2 Operating Profit Likely At Two-Year High
LG Electronics Inc said in a regulatory filing that April-June profit was likely $504 million. Seoul: South Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world’s second-biggest TV maker by market share, […]
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ELECTRONICS 
August 5, 2016 Samsung Tips Best Profit In More Than 2 Years For Second Quarter
Seoul: Tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit likely rose 17.4 percent from a year earlier, its highest in more than 2 years as Galaxy S7 smartphone sales propelled mobile earnings. The world’s top maker of smartphones and memory chips said in a regulatory filing its April-June profit was […]
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COMPUTERS 
July 31, 2016 AMD CEO Says Expects to Return to Operating Profit in H2 2016
US semiconductor maker Advanced Micro Device Inc expects to return to operating profitability in the second half of this year, Chief Executive Lisa Su said Wednesday. “I expect our revenue to grow for the full year,” said Su, speaking on the sidelines of the Computex technology trade show in Taipei. In mid-April, AMD reported first-quarter […]
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ELECTRONICS 
June 24, 2016 Foxconn Sees this autumn net profit Dip as cellphone demand Slows
Taiwan’s tech large Hon Hai stated internet earnings dipped inside the fourth area, hit by means of a slowdown in call for for smartphones as key customer Apple warns waning income of its iPhone. net income in October-December fell 6.sixty seven percent to TWD fifty two.9 billion ($1.6 billion or kind of Rs. 10,594 crores) […]
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ELECTRONICS 
June 24, 2016 Samsung Electronics profit Beats Estimates as Hopes upward push For phone recuperation
Seoul: Tech massive Samsung Electronics Co Ltd stated on Thursday its first-zone running incomeprobable rose 10.4 percentage from a yr earlier, beating expectancies and pointing to robust sales of its new Galaxy S7 smartphones. The outlook will improve hopes the South Korean company‘s suffering cellular business is heading in the right direction to publish its […]
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ALL DEALS 
April 18, 2016 Huawei Says 2015 Profit Jumped 32 Percent on Smartphone Sales
Huawei Technologies Ltd., one of the biggest makers of telecoms equipment, said Friday its 2015 profit jumped 32 percent on strong sales of smartphones and switching gear as carriers upgraded wireless networks to 4G. Huawei said it earned CNY 36.9 billion ($5.7 billion) on global revenue of CNY 395 billion ($60.8 billion). Huawei, the first […]
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COMPUTERS 
April 15, 2016 Lenovo Posts Profit Gain Despite Slowing PC Sales, Smartphone Growth
Chinese technology giant Lenovo on Wednesday posted a surprise gain in net profit for the third quarter, despite slowing growth in the smartphone market and declining PC sales in the face of ailing global markets. Lenovo said net profit for the three months ended December 31 was $300 million (roughly Rs. 2,045 crores), a 19 […]
