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Zoom sales, profits exceeds expectations

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Zoom Video Communications projected sales and profit for the current quarter that topped Wall Street’s estimates, a sign that the software vendor is finding ways...

MTN’s 2021 profit hits ¢2 billion

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Telecoms giant, MTN Ghana, recorded a significant increase in its profit after tax for last year. According to its 2021 Financial Statement, the profit went...

Nokia records revenue growth in Q3, despite supply constraints

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The massive organizational shake-up at Nokia is paying off, as the tech giant recorded earnings growth in Q3 despite chip supply constraints and issues...

Samsung mobile sales, profits drop due to supply constraints

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Samsung’s mobile unit has recorded a drop in sales and profitability in Q3 due to continued supply constraints, weaker demand and increased marketing spending...

Alphabet earns record profit on Google ads surge

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Google owner Alphabet has reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users...

Intel loses US$20 billion market value after detailing profit-consuming spending plan

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Global chip maker, Intel has reportedly lost US$20 billion market value due to shares drop after it announced a spending plan that would adversely...

Huawei sees marginal gains after shift in product development

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Huawei Founder and CEO Ren Zhengfei has said that US trade restrictions over the past two years forced it to overhaul product development priorities...

Samsung ups profit, aims to mainstream foldable devices

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Samsung Electronics has tipped the smartphone market to recover to 2019 levels during second half of the year, despite continued supply chain issues. Amid...

Samsung forecasts Q4 operating profit surge

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Samsung has predicted another increase in operating profit despite modest revenue gains in Q4 2020, as the Covid-19 (coronavirus) pandemic fueled growth in semiconductor...

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