Nintendo switches it up in profit loss July 30, 2019 Japanese video game manufacturer Nintendo has announced a 10 per cent decline in its quarterly profit. The decline comes amid a troubling period for Nintendo’s older consoles, with the Kyoto-based company aware of the declining sales of the Nintendo 3DS, whose hardware and software sales have fallen almost 50 per cent year-on-year. Nintendo’s net revenue [...]
Preview: Apple Q3 Earnings July 30, 2019 We’re deep into earnings season and there’s one company that everyone will be watching this week. Apple will announce its Q3 earnings after the market closes today, and there could be a mixed bag. Revenue fell at the tech giant in the first two quarters of this fiscal year, and the firm was hit with [...]
Trump rejects Apple’s request for Mac Pro tariff waiver July 26, 2019 The US will not grant tariff relief to Apple on parts for its Mac Pro computers imported from China, President Donald Trump has said. Read more: Apple splashes out $1bn on Intel’s chip business “Apple will not be given Tariff waivers, or relief, for Mac Pro parts that are made in China. Make them in [...]
ii view: Sales boom at Amazon, but so do costs July 26, 2019 By Keith Bowman from interactive investor. Rising costs and disappointing profits overshadow further sales growth at the online retailer. Second-quarter results to 30 June 2019 Net sales up 20 per cent to $63.4 Operating income up 3.3 per cent to $3.1 billion Diluted earnings per share up 3 per cent to $5.22 Chief executive Jeff Bezos said: “Customers [...]
What is 5G and how does it work? Everything you need to know about the next-generation network July 26, 2019 Mobile operator EE hit the headlines last week when it launched the UK’s first 5G network at a lavish launch party on the river Thames. EE boss Marc Allera hailed a “historic moment” as the firm live-streamed a performance by hit rapper Stormzy against the iconic backdrop of Tower Bridge. Customers on EE can now [...]
Softbank launches new $108bn Vision Fund for AI investment July 26, 2019 Softbank has unveiled its second mammoth Vision Fund, which it said will have $108bn (£87bn) to invest in AI-focused tech firms. Read more: Softbank earns $11bn for selling some of its huge Alibaba stake Softbank said it has received backing from a string of companies including Apple, Foxconn, Microsoft and Standard Chartered, while the Japanese [...]
Apple splashes out $1bn on Intel’s chip business July 25, 2019 Apple has snapped up the majority of Intel’s smartphone chip business for $1bn (£800m) as it looks to secure its own supply of the vital iPhone part. Read more: Apple’s tax bill slashed by more than half Around 2,200 Intel workers will move to Apple, who will also acquire intellectual property, equipment and leases relating [...]
O2 will launch 5G network in London and five other cities in October 2019 July 25, 2019 O2 has revealed it will switch on its 5G network from October, aiming to go live in 20 towns and cities by the end of the year, including London, Leeds, Edinburgh and Cardiff. Belfast and Slough will also get 5G first in O2’s first wave of launches, as it races to bring that number to [...]
US opens industry-scale tech giant antitrust probe July 23, 2019 The US Department of Justice is to open an investigation into whether the activities of major tech firms are anti-competitive. The review will explore “whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers,” the department said tonight. The probe [...]
Apple in ‘advanced talks’ to buy Intel’s smartphone chip business July 23, 2019 Apple is said to be in advanced talks to buy Intel’s smartphone-modem chip business in a deal worth at least $1bn (£804m). Read more: Apple boss Tim Cook brands reports he fell out with Jony Ive ‘absurd’ The tech giant is discussing the purchase with the chipmaker and a deal could be reached in the [...]