Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

July 28 (Reuters) – Apple Inc. (AAPL.O) Thursday said parts shortages were easing and demand for iPhones was unrelenting despite other consumer spending tightening, helping it beat Wall Street expectations and forecast faster revenue growth. upcoming sales. Shares of the Silicon Valley giant rose 2.6% after hours following the earnings release. Apple said it was … Read more

Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Samsung warns of weaker chip demand for phones and PCs as people buy less

Samsung warns of weaker chip demand for phones and PCs as people buy less

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 Server customers may have to adjust inventory in recession – Samsung executive Aims for H2 foldable phone sales to overtake past flagship Dollar strength helped boost … Read more

TSMC Sees Resilient Chip Sales Boost Q3; the electronics require cooling

TSMC Sees Resilient Chip Sales Boost Q3;  the electronics require cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters in Hsinchu, Taiwan January 19, 2021. REUTERS/Ann Wang Join now for FREE unlimited access to Reuters.com Register See third quarter revenue up to $19.8 billion – $20.6 billion from $14.88 billion year-over-year Confident in long-term chip demand Q2 profit of T$237.0 billion … 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

EXCLUSIVE meta girds for ‘fierce’ headwinds, slower growth in second half – memo

EXCLUSIVE meta girds for ‘fierce’ headwinds, slower growth in second half – memo

June 30 (Reuters) – Meta Platforms Inc, owner of Facebook (META.O) is bracing for a leaner second half as it faces macroeconomic pressures and data privacy breaches from its advertising business, according to an internal memo seen by Reuters on Thursday. The company needs to “prioritize more ruthlessly” and “operate leaner, meaner, better-executed teams,” chief … Read more

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

JOHANNESBURG/AMSTERDAM June 27 (Reuters) – Tech investor Prosus NV (PRX.AS)will leverage its huge stake in China’s Tencent to fund a stock buyback in itself and as the parent company of Naspers (NPNJn.J)the Dutch company said Monday, flipping shares of the Chinese tech giant. The move aims to close a gap between the market value of … Read more