Financial news and analytics

Sony boosts profits thanks to demand for games

Sony published its next quarterly financial report, and also adjusted its revenue and sales forecast for the entire financial year.…

2 months ago

SMIC increased revenue and profit on the wave of recovery in the semiconductor industry

The largest Chinese contract chip manufacturer Semiconductor Manufacturing International Corp (SMIC) reported an increase in net profit in the third…

2 months ago

In the race for advanced AI, tech giants will spend more than $200 billion in 2024

Capital expenditures of Amazon, Microsoft, Meta✴ and Alphabet will amount to more than $200 billion by the end of 2024,…

3 months ago

Apple’s services business has grown ‘phenomenally’ to $100 billion a year

In its third-quarter 2024 report, Apple reported 12 percent year-over-year revenue growth from its services business to $25 billion, equivalent…

3 months ago

Iran lifts ban on import of modern iPhones

Residents of Iran will soon be able to officially purchase the latest iPhone models. Until now, under the 2023 ban,…

3 months ago

Intel deprives employees of free coffee and fruit

Employees at Intel's Israeli offices recently discovered a lack of familiar amenities: once well-stocked kitchenettes offering free coffee, tea and…

3 months ago

Strong demand for smartphones and AI chips ensured Huawei’s seventh consecutive quarter of revenue growth

Huawei's revenue has shown growth for the seventh quarter in a row - the company's smartphones continue to be in…

3 months ago

Meta reports $4.4 billion loss for Reality Labs in Q3

Despite its success in developing AR and VR wearables, Meta✴ continues to face heavy losses for its Reality Labs division.…

3 months ago

Intel wanted to take over Nvidia for $20 billion in 2005 – today it is worth more than $3 trillion

In 2005, the then head of Intel, Paul Otellini, approached the company's board of directors with an unexpected proposal -…

3 months ago

ASML’s “technical error” cost the global tech industry $420 billion – and that’s just the beginning

Dutch semiconductor equipment manufacturer ASML yesterday published disappointing sales forecasts, which led to a decline not only in its securities,…

3 months ago