Social media revenue growth set to slow as TikTok and Apple compete

Social media revenue growth set to slow as TikTok and Apple compete

July 21 (Reuters) – Wall Street braces for the slowest global revenue growth in the history of the social media industry as intensified competition from TikTok and Apple in advertising threatens to worsen economic difficulties in the second quarter. The grim expectations come after an explosion in 2021, when US social media ad sales rose … Read more

Apple soars above competition even as smartphone market stumbles, sources say

Apple soars above competition even as smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) expects its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the upcoming iPhone 14 underscore a growing belief among Wall Street analysts that the … Read more

Samsung Q2 strong on server chip demand, smartphone cloud outlook

Samsung Q2 strong on server chip demand, smartphone cloud outlook

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea March 23, 2018. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register Profit likely up 15% to 14.46 trillion won -Refinitiv SmartEstimate It would be the highest April-June profit since 2018 Second-quarter chip revenue likely soared 49%, analysts … Read more