Samsung Electronics Q2 profit at a high, lifted by mobile business

SEOUL, JULY 27:   Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world’s biggest maker of memory chips, smartphones and television sets is widely expected to break profit records for the full […]

Samsung Electronics Q2 profit at a high, lifted by mobile business

SEOUL, JULY 27:   Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world’s biggest maker of memory chips, smartphones and television sets is widely expected to break profit records for the full […]

Sony Surprises With Profit Warning on Sale of Battery Business

HIGHLIGHTS Sony to concentrate on videogames, entertainment and camera sensors Expects JPY 270 billion in operating profit for year ending in March Sony to sell its battery business for about JPY 17.5 billion Sony Corp cut its annual profit outlook due to losses related to the sale of its battery business – disappointing a market […]

Apple Sees Drop in Profit, Revenue as iPhone Sales Slump

Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company’s efforts to curb dependence on its smartphone. The company said Tuesday that profit fell 19 percent to $9 billion (roughly Rs. 60,134 crores) in the fiscal quarter ending September 24. Revenue fell nine percent […]

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 […]

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 […]

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 […]

Samsung’s Profit Surges to 2-Year High on Galaxy Phone Sales

Samsung Electronics Co. reported Thursday forecast-beating earnings results that were the best in two years as consumers snapped up its Galaxy smartphones, in a sign the company is getting its mojo back while rivals fail to deliver new smartphones. The South Korean company forecast that its performance will continue to be “solid” during the rest […]