Fourth Quarter Earnings
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Apple Predicts Higher Memory Costs Will Impact Its Q2 Gross Margin Despite Record Earnings
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record re...
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Netflix Introduces Voting Feature for Live Events; New AI Features, Redesigned Mobile App Announced
Netflix has introduced a new feature to make its live broadcasting events more engaging. The Los Gatos, California-based streaming giant released a live voting capability on Tuesday, allowing viewers to vote in real-time to impact the progression of the show. Apart from this, the company also announced a redesigned app and new AI tools for the plat...
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Netflix Hikes Prices in Some Countries After Record Subscriber Gains
Netflix sought to capitalise on its galloping popularity by raising prices in the US, Canada, Portugal and Argentina as it spends more on programming. In the US, the company's ad-supported service will cost $7.99 (roughly Rs. 690) a month, up from $6.99 (roughly Rs. 605), while the premium package will cost $24.99 (roughly Rs. 2,163), up nine perce...
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Ukraine Crisis Clouds Outlook For Italy's Brembo After Q4 Margin Drop
Italian premium brakes maker Brembo said on Thursday core earnings and margins were hit in the fourth quarter by higher production costs and the global chip shortage
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Samsung Records 53 Percent Increase in Year-on-Year Profit in Q4 2021 Despite Pandemic Challenges
Samsung in its earnings report for the fourth quarter of 2021 said that its operating profit rose 53.3 percent year-on-year in Q4, 2021 to KRW 13.87 trillion (roughly Rs. 86,695 crore), up from 9 trillion in the same period in 2020.
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Amazon Sees COVID-19 Boosting Holiday Sales After Record Profit in 2 Consecutive Quarters
Amazon forecast a further increase in holiday sales due to the COVID-19 pandemic and some extra spending on delivery infrastructure. The San-Francisco company earned $6.3 billion in its second consecutive quarter of record profits.
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Qualcomm Suggests Delay in 5G iPhone 12 Launch, October Debut Now Likely
While the tech world was anticipating the debut of the iPhone 12 family sometime in September, Qualcomm has suggested a slight delay in its launch. The San Diego-headquartered chipmaker in its earnings report for the third quarter of this year noted that its projection for the fourth quarter that covers the period between July and September include...
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Tata Motors Reports A Loss Of Rs. 9,864 Crore In Q4 FY2020
Tata Motors today reported a consolidated loss of Rs. 9,863.75 crore in the fourth quarter of the Financial Year 2019-20, which ended on March 31, 2020. In comparison, the company reported a net profit of Rs. 1,108.66 crore for the same period in FY2019.
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Logitech Sales Surge as Working From Home Boosts Demand
The rise in remote working - teachers giving lessons via video link and doctors giving virtual consultations - contributed to an increase in sales in the company's fiscal fourth quarter to $709.2 million (roughly Rs. 5,350 crores) from $624.3 million (roughly Rs. 4,700 crores) a year earlier.
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Global Smartphone Shipments Drop 13 Percent in Q1 2020 Due to Pandemic, Q2 Could Be Worse: Research
Global smartphone shipments fell 13 percent in the first quarter of 2020 due to coronavirus pandemic, a report by research firm Canalys claims. The report says that after several quarters of decline, the market had seen two consecutive quarters of growth in the third and fourth quarters of 2019.
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Apple Predicts Higher Memory Costs Will Impact Its Q2 Gross Margin Despite Record Earnings
During its earnings call, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. He said that rising RAM and storage costs had a limited impact on its financial performance so far. The iPhone maker expects the memory shortage to have a slightly greater effect on the Q2 gross margin. Apple reported record re...
-
Netflix Introduces Voting Feature for Live Events; New AI Features, Redesigned Mobile App Announced
Netflix has introduced a new feature to make its live broadcasting events more engaging. The Los Gatos, California-based streaming giant released a live voting capability on Tuesday, allowing viewers to vote in real-time to impact the progression of the show. Apart from this, the company also announced a redesigned app and new AI tools for the plat...
-
Netflix Hikes Prices in Some Countries After Record Subscriber Gains
Netflix sought to capitalise on its galloping popularity by raising prices in the US, Canada, Portugal and Argentina as it spends more on programming. In the US, the company's ad-supported service will cost $7.99 (roughly Rs. 690) a month, up from $6.99 (roughly Rs. 605), while the premium package will cost $24.99 (roughly Rs. 2,163), up nine perce...
-
Ukraine Crisis Clouds Outlook For Italy's Brembo After Q4 Margin Drop
Italian premium brakes maker Brembo said on Thursday core earnings and margins were hit in the fourth quarter by higher production costs and the global chip shortage
-
Samsung Records 53 Percent Increase in Year-on-Year Profit in Q4 2021 Despite Pandemic Challenges
Samsung in its earnings report for the fourth quarter of 2021 said that its operating profit rose 53.3 percent year-on-year in Q4, 2021 to KRW 13.87 trillion (roughly Rs. 86,695 crore), up from 9 trillion in the same period in 2020.
-
Amazon Sees COVID-19 Boosting Holiday Sales After Record Profit in 2 Consecutive Quarters
Amazon forecast a further increase in holiday sales due to the COVID-19 pandemic and some extra spending on delivery infrastructure. The San-Francisco company earned $6.3 billion in its second consecutive quarter of record profits.
-
Qualcomm Suggests Delay in 5G iPhone 12 Launch, October Debut Now Likely
While the tech world was anticipating the debut of the iPhone 12 family sometime in September, Qualcomm has suggested a slight delay in its launch. The San Diego-headquartered chipmaker in its earnings report for the third quarter of this year noted that its projection for the fourth quarter that covers the period between July and September include...
-
Tata Motors Reports A Loss Of Rs. 9,864 Crore In Q4 FY2020
Tata Motors today reported a consolidated loss of Rs. 9,863.75 crore in the fourth quarter of the Financial Year 2019-20, which ended on March 31, 2020. In comparison, the company reported a net profit of Rs. 1,108.66 crore for the same period in FY2019.
-
Logitech Sales Surge as Working From Home Boosts Demand
The rise in remote working - teachers giving lessons via video link and doctors giving virtual consultations - contributed to an increase in sales in the company's fiscal fourth quarter to $709.2 million (roughly Rs. 5,350 crores) from $624.3 million (roughly Rs. 4,700 crores) a year earlier.
-
Global Smartphone Shipments Drop 13 Percent in Q1 2020 Due to Pandemic, Q2 Could Be Worse: Research
Global smartphone shipments fell 13 percent in the first quarter of 2020 due to coronavirus pandemic, a report by research firm Canalys claims. The report says that after several quarters of decline, the market had seen two consecutive quarters of growth in the third and fourth quarters of 2019.
