News
Samsung expected to report 25% profit drop in Q3
Samsung Electronics’ Q3 profit could tumble 25%, the first y-o-y decline in nearly three years, as an economic downturn saps demand for devices and chips. Read more…
profits
News
Samsung sees strong chip demand and mobile recovery, profits jump
Samsung, the world’s top maker of memory chips and smartphones, posted a 54% jump in operating profit supported by high chip prices. Read more…
News
Apple posts sales and profits surge, warns of chip shortage
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…
News
High demand for video games during lockdowns buoys Tencent revenue
High demand for video games during COVID-19 lockdowns buoyed Tencent Holdings’ first-quarter revenue and profits with blockbuster games. Read more…
News
Singtel Group reports lower revenues and profits in third quarter
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…
News
Slow 5G take up hampers Angry Birds gaming profits
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…
News
Cost cuts give unexpected boost to Nokia profits
Cost cuts provided an unexpected boost to Nokia’s fourth-quarter underlying profit, driving its share price to a four-month high. Read more…
News
Globe Telecom revenue and profits up on strong data growth
Ayala-led Globe Telecom said full-year consolidated service revenues reached USD2.9 billion in 2019 due to sustained data revenue growth. Read more…
News
Softbank companies start earnings reports with rise in profits
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…
News
Tencent charging for more content drives up profit
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…
News
Softbank shares jump after record buyback and profit surge
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…