Samsung Surpasses Intel to Become Top Chipmaker in Terms of Revenue

Intel’s more than two decade reign as king of the silicon-based semiconductor ended Thursday when Samsung Electronics surpassed the US manufacturer to become the leading maker of the computer chips that are a 21st century staple much as oil was in the past. Samsung reported record-high profit and sales in its earnings report for the April-June quarter, and while Intel’s […]

Over 12 lakh businesses apply for new GST registration, says revenue secretary

Over 12 lakh businesses have applied for fresh registration under the Goods and Services Tax (GST) regime, revenue secretary Hasmukh Adhia said. Of these, while 10 lakh applications for registration have been approved, 2 lakh are still pending approval. “The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications […]

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 […]

Double Trouble For Twitter With Revenue and Stocks Down

Has the Twitter success story run its course? That’s the question being posed on Wall Street after Twitter reported disappointing revenue growth in the first quarter of 2016 recently. In the first quarter, Twitter reported $595 million in revenue, well below the $607.8 million that analysts were expecting. The company added 5 million users, but fell […]

Sony Lifts Revenue Target for Games, but Cuts Outlook for Image Sensors

HIGHLIGHTS Games business is set to be Sony’s biggest growth driver The revenue target was lifted to JPY 1.8 trillion to JPY 1.9 trillion Sony cut its outlook for image sensors on weakening demand for phones Japan’s Sony Corp lifted its sales target for its games division in the next financial year on high hopes […]

AMD Forecasts forestall to revenue Decline on sturdy Chip call for, Licensing Deal

superior Micro devices Inc’s forecast implied that the struggling chipmaker ought to submit a marvel risein current zone revenue, ending a run of six quarters of declines, helped through sturdy call for for its chips and a brand new licensing deal. AMD additionally reported a lower-than-expected drop in revenue for the 1/3 region in a […]

Google to Delhi High Court: No Revenue Earned From Content Uploaded by Centre

Google India Pvt Ltd Monday told the Delhi High Court it has not earned any revenue out of the agreement with the government or any other monetary benefit from content uploaded under the deal. The company also told a bench of justices Badar Durrez Ahmed and Sanjeev Sachdeva it has no contractual relationship with the […]