Financial news and analytics

Foxconn profits beat forecasts thanks to AI boom, but smartphone demand stagnates

Foxconn showed a 6% increase in quarterly net profit, exceeding all analysts' forecasts. The world's largest contract electronics manufacturer expects…

3 months ago

The video game market is expected to grow modestly at 2.1% in 2024.

The global video game market is expected to grow modestly in 2024 amid weak console sales, according to a new…

3 months ago

AI-enabled PCs accounted for 14% of shipments in Q2

According to the latest report from analyst agency Canalys, 8.8 million computers with artificial intelligence capabilities were shipped to the…

3 months ago

Intel offered Irish employees to resign themselves, but with a “parachute” of up to €500 thousand.

Intel recently announced plans to cut its workforce by 15% to cut costs. The chipmaker's Irish office recently asked employees…

3 months ago

Profit growth for American big tech companies has slowed down as the hype around AI subsides

The quarterly reporting season has not yet ended, but Bloomberg analysts have already summed up some results in terms of…

3 months ago

Samsung produces chips for external customers at a loss

Samsung Electronics' high operating profit performance in the second quarter, some sources believe, masked the unsightly performance of the company's…

3 months ago

HP will move more than half of PC production outside of China

HP plans to move more than half of its personal computer production out of China and is setting up a…

4 months ago

Sony reports 10% profit growth, helped by games, music and image sensors

Sony presented a report on the results of the first quarter of the 2024 financial year, which ended on June…

4 months ago

IT giants lost $1 trillion in capitalization on Monday

American IT giants collectively lost about $1 trillion in market value in the first minutes of the opening of trading…

4 months ago

Intel suffered its worst day: the company lost almost $40 billion in value

Intel's share price plunged 29% on Friday (via Reuters) after the company said it would suspend dividends starting in the…

4 months ago