Apple Inc reported blockbuster iPhone sales in China, suggesting that worries about the company’s growth trajectory in the world’s second-largest economy are overdone. Apple’s shares rose nearly 3 percent in early trading on Wednesday. The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple’s successful run in the country.
Twitter Inc may be counting on Moments to drive growth, but the moment for celebrating a turnaround still looks far off. Anyone hoping that Chief Executive Jack Dorsey’s plans to boost growth would have had a big impact on third-quarter results would have been disappointed. Twitter reported both anemic user growth for the three months to Sept. 30 and offered up a tepid revenue forecast for the current quarter on
TOKYO (Reuters) – Japan’s Nintendo Co reported a weaker-than-expected operating profit for the July-September quarter but maintained its outlook for the full year, citing firm sales of Nintendo 3DS consoles and its planned entry into smartphone games. Nintendo’s fiscal second-quarter operating profit fell slightly to 7.8 billion yen ($64.77 million) from 9.3 billion yen a year earlier. That compared with the average 9.3 billion yen estimate of 19 analysts, Thomson
By Makiko Yamazaki TOKYO (Reuters) – Japan’s Toshiba Corp said on Wednesday it will sell its image sensor business to Sony Corp and overhaul its unprofitable semiconductor businesses as it works to recover from a $1.3 billion accounting scandal. Toshiba will sell its image sensor manufacturing plant in Oita, southern Japan, to Sony by the end of the fiscal year through March and pull out of the sensor business, the
(Reuters) – International Business Machines Corp said on Wednesday it would buy the Weather Company’s digital assets to boost its Watson cloud and Internet of Things platforms. IBM did not disclose the financial terms of the deal, which does not include the Weather Channel. The Weather Channel will use weather forecast data and analytics from IBM under a long-term contract.
Microsoft’s Surface Book, billed as the “fastest 13-inch laptop ever made” by the company, has been impressing all and sundry since it was unveiled, and now we have confirmation that the device is also highly flexible in the upgrade stakes. As you’re probably aware, while the Surface Book looks like a traditional laptop, it’s actually a convertible with a nifty hinge mechanism that enables the display to be detached and
(Reuters) – China’s Alibaba Group Holding Ltd is squeezing more money from online shopping than expected, beating analyst forecasts for revenue growth and putting its shares on track for their biggest daily rise since the firm’s blockbuster flotation. “Mobile is the trend and Alibaba is capturing that trend,” said T.H. Capital Research analyst Tian Hou. Alibaba’s New York-listed shares were up 6 percent in morning trade.
By Dustin Volz WASHINGTON (Reuters) – Sharing of computer data on cyber threats between the private sector and U.S. government would increase under legislation expected to win Senate approval on Tuesday despite objections of privacy advocates who fear excessive government surveillance. Two related measures won approval in the House of Representatives earlier this year and must be reconciled with the Senate bill before final legislation goes to President Barack Obama.
By Nathan Layne CHICAGO (Reuters) – Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and deliver online orders. The world’s largest retailer by revenue has for several months been conducting indoor tests of small unmanned aircraft systems – the term regulators use
T-Mobile US Inc reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower-priced plans to attract monthly users away from competitors took a toll on earnings. T-Mobile’s branded postpaid average revenue per user fell to $47.99 in the third quarter ended Sept. 30, from $49.84 a year earlier, and net customer additions were flat at 2.3 million. “If T-Mobile is getting more customers on family plans, which
