Qualcomm says Apple to stop paying royalties, cuts profit forecast Qualcomm Inc said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017. Qualcomm, the largest maker of chips used in smartphones, also […]
Technology
Technology
Sony sees profit nearing 20-year-old record with 73 percent jump this year Sony Corp said on Friday it expects annual operating profit to surge 73.2 percent, closing in on a two decade-old record, as its cash-cow image sensor business recovers from quake damage and enjoys strong demand from smartphone vendors. […]
Amazon revenue soars as cloud, retail businesses dominate Amazon.com Inc's (AMZN.O) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent […]
Tesla's Klaus Grohmann ousted after clash with CEO Musk – sources Tesla executive Klaus Grohmann was ousted last month after a clash with Chief Executive Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, a source familiar with the matter told Reuters. The Silicon Valley […]
Google parent Alphabet's profit up 29 percent on strong ad sales Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact. Alphabet's […]
Japan's Sharp posts narrower loss for the year, cost cuts paying off Sharp Corp on Friday reported a narrower annual loss for the year ended in March, as a cost-cutting drive by Taiwanese owner Foxconn started to show results. The liquid crystal display manufacturer booked an annual net loss of […]
Nokia reports slowing sales decline as network market recovers Finnish network equipment maker Nokia reported on Thursday a slowing rate of sales decline, saying the global networks market was showing signs of recovery. Nokia and its rivals, Sweden's Ericsson and China's Huawei Technologies, have struggled in recent years as telecom […]
Vietnam says Facebook commits to preventing offensive content Vietnam's government said Facebook has committed to work with it to prevent content that violates the country's laws from appearing on its platform. In February, communist Vietnam complained about "toxic" anti-government and offensive content on Facebook and Google Inc.'s YouTube and pressured […]
Alibaba's Ma champions U.N. e-commerce drive for development Alibaba Executive Chairman Jack Ma said on Tuesday the Internet should be a utility available to the whole world, putting his weight behind a U.N. call for e-commerce to boost developing economies and help fight poverty. Ma, who advises the United Nations […]
Uber looks to soar with flying taxis by 2020 After upending the taxi market with its ride-hailing service, Uber Technologies Inc [UBER.UL] is now aiming for the skies with its flying taxis. The company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and Dubai by 2020, Chief Product […]
