A significant decline in chip revenue has hurt Samsung’s profits significantly, but the company is now expecting a return to form, on the back of increased demand for memory products for AI applications. The company is now expecting its chip revenue this year to return to the 2022 level, which was before the downturn, and […]
Read MoreSamsung Electronics held its 55th annual general shareholders meeting today at the Suwon Convention Center in Suwon, Gyeonggi-do, South Korea. The company revealed its strategy for this year and expects revenue of $100 from its chip packaging business. The company’s 55th annual general shareholders meeting was attended by general shareholders, institutional investors, and top-level management […]
Read MoreApple today announced financial results for the first fiscal quarter of 2024, which corresponds to the fourth calendar quarter of 2023. For the quarter, Apple posted revenue of $119.6 billion and net quarterly profit of $33.9 billion, or $2.18 per diluted share, compared to revenue of $117.2 billion and net quarterly profit of $30.0 billion, […]
Read MoreGoogle’s parent company Alphabet posted its fourth-quarter and full year 2023 report. While far from a disaster the numbers came short of the expectations, sending the stock tumbling down 6% at time of writing. Alphabet’s revenues in Q4 were $86 billion – up 13% compared to Q4 of 2022. Meanwhile, the company’s total unaudited revenue […]
Read MoreWhat you need to know Microsoft shared its financial results for FY24 Q2, the quarter ending on Dec. 31, 2023. Gaming revenue is up 49% year-over-year. Xbox content and services revenue is up 61% year-over-year. Xbox hardware revenue is up 3% year-over-year. The latest financial results are in, with some long-awaited earnings that finally factor […]
Read MoreIn September 2023, ByteDance launched TikTok Shop in the US, an e-commerce platform built right into the company’s social media network, TikTok. At the moment, the shopping platform from the Chinese company isn’t very popular in the US, and therefore, it doesn’t pose a serious threat to other players in the region but that’s going […]
Read MoreHuawei expects more than CNY 700 billion ($98.5 billion) in revenue in 2023, said the Deputy Chairman and Rotating Chairman of Huawei, Ken Hu, in an internal New Year’s message, reports Reuters. That’s a 9% year-over-year growth in revenue, with Huawei reporting CNY 642 billion ($93.5 billion) in revenue in 2022. That’s a substantial growth […]
Read MoreSamsung had a bad year due to the global economic downturn and fall in demand for semiconductor chips. The South Korean firm’s semiconductor chip business is its cash cow, and it had a loss for the first time in its history. Had it not been for the good performance of its smartphone division, Samsung Electronics […]
Read MoreSamsung makes not only smartphones and TVs but also semiconductor chips and several other electronic components. In fact, it is the second-biggest chip manufacturing firm and the world’s biggest memory chip maker in the world. The South Korean firm held on to its second position in the semiconductor chip manufacturing segment in the previous quarter, […]
Read MoreXiaomi has announced its Q3 2023 earnings report, posting total quarterly revenue of RMB70.9 billion ($9.94 billion/€9.12 billion), with group gross profit margin reaching 22.7% and adjusted net profit reaching RMB6 billion ($841 million/€771 million) – a YoY growth of 182.9%. Additionally, Xiaomi said its IoT and lifestyle products’ revenue soared to RMB20.7 billion ($2.9 […]
Read MoreSamsung has been the world’s biggest TV brand for 17 years in a row, and it looks like this year won’t be any different. In fact, the company seems to be doing even better this year. During the third quarter of this year, Samsung was, once again, the number one TV brand globally both in […]
Read MoreAs Google battles an antitrust lawsuit from the U.S. Department of Justice, secrets about its search deals with Apple have been leaking out. We previously learned that Google is paying Apple billions of dollars to be the primary search engine on Apple devices, and now, Bloomberg has shared the total percentage of Google’s revenue that […]
Read MoreApple shared its quarterly financial results for the period ending on September 30 with total revenues of $89.5 billion and $22.9 billion in profits. The revenue numbers are down by 1% compared to the same period last year while the net income figure is up 10% on a yearly basis. Apple consolidated financial statement for […]
Read MoreApple today shared its earnings results for the fourth fiscal quarter of 2023 (third calendar quarter), and Mac revenue saw a major drop compared to last year. Mac sales came in at $7.6 billion in Q4 2023, down 34 percent from $11.5 billion in the year-ago quarter. Mac revenue for all of 2023 was $29.4 […]
Read MoreApple today announced financial results for the fourth fiscal quarter of 2023, which corresponds to the third calendar quarter of the year. For the quarter, Apple posted revenue of $89.5 billion and net quarterly profit of $23.0 billion, or $1.46 per diluted share, compared to revenue of $90.1 billion and net quarterly profit of $20.7 […]
Read MoreWhat you need to know AMD announced revenue for the third quarter of 2023 of $5.8 billion AMD had a gross margin of 47%, an operating income of $224 million, and a net income of $299 million. AMD is at 9% growth in the current Q4 of 2023 or approximately $6.1 billion which was below […]
Read MoreWhat you need to know Microsoft has released its quarterly earnings report for the first quarter of Fiscal Year 2024, which ended on Sept. 30, 2023. The company once again saw increases in revenue with $56.5 billion over the quarter, a 13% increase over the same period last year. The growth was mostly powered by […]
Read MoreWhat you need to know Microsoft shared its financial results for FY24 Q1, the quarter ending Sep. 30, 2023. Gaming revenue is up 9% year-over-year. Xbox content and services revenue was up 13% driven by Xbox Game Pass and first-party game growth. Hardware revenue was down 7% year-over-year. The latest financial results paint an interesting […]
Read MoreNokia, the Finnish company that makes equipment for telecom networks, reported a 20% dip in sales QoQ. And to offset the impact it will let go of 14,000 employees, which is over 15% of the entire workforce. According to the CEO, sales of 5G equipment fell 40% in North America, and other major markets are […]
Read MoreApple’s quarterly iPad revenue will significantly decline in the fourth quarter of 2023 on a year-over-year basis, according to estimated figures shared today by Erik Woodring, an analyst at investment firm Morgan Stanley. Morgan Stanley estimates that Apple will report iPad revenue of $7.2 billion in the fourth quarter of 2023, which would be a […]
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