Apple Inc on Wednesday posted sales and profits ahead of Wall Street expectations fueled by 5G iPhone upgrades but warned a global chip shortage could dent iPads and Mac sales. Read more…
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits with blockbuster games. Read more…
Singtel Group’s net profit for the fiscal third quarter ended 31 December 2019 declined 24%, operating revenue for the three-month period was down 5%. Read more…
Quarterly profit at “Angry Birds” maker plunged 96% as the mobile games company was hit by the slower-than-expected take up of its 5G gaming platform. Read more…
Cost cuts provided an unexpected boost to Nokia’s fourth-quarter underlying profit, driving its share price to a four-month high. Read more…
Ayala-led Globe Telecom said full-year consolidated service revenues reached USD2.9 billion in 2019 due to sustained data revenue growth. Read more…
Japanese IT services firm SB Technology booked a 41% rise in quarterly profit, marking the season’s first earnings report of dozens of SoftBank Group. Read more…
China’s Tencent Music Entertainment Group said it had started charging for more of its pay-for-streaming services helped drive up profit above expectations. Read more…
SoftBank shares jumped 17% on Thursday, adding $14bn to market value, after it unveiled a record share buyback and a surge in quarterly operating profit. Read more…
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