Qualcomm reports strong fourth quarter earnings
More buybacks
Qualcomm reported robust fourth-quarter earnings exceeding Wall Street expectations and projecting a strong December quarter.
Apple admits that iPhone was a one-off
Nothing will be that profitable again
The fruity cargo cult Apple has warned investors that future products may never be as profitable as its iPhone business as it pushes into unproven new markets such as artificial intelligence and virtual reality headsets.
Apple shrugs off €10 Billion EU tax charge
Still makes a profit who cares?
Legions of Apple fanboys who insist on buying its products propped up the fruity cargo cult despite its one-time €10.2 billion tax charge linked to a long-standing European tax ruling
Samsung Electronics warns coronavirus will damage consumer sales
But there will be a boom in memory chips
Samsung warned the coronavirus pandemic would hurt sales of smartphones and consumer electronics this year, while demand from data centres would fuel a recovery in memory chip markets.
AI is only good for the capitalists
The workers are still doomed
Futurist Gary Grossman has warned AI "may be the fastest paradigm shift in the history of technology may not create as many jobs as its displaces.
Amazon doubles profits and pays no tax
Paying tax is socialism in the US
While millions of middle and lower class Americans have just discovered that they are paying more tax under new Republican tax cuts, they will be no doubt overjoyed that Amazon's tax bill was nothing this year.
LG sees profits rise
Marketing was a bit of an albatross
LG said operating profit likely rose 16.1 percent in April-June, although it was messed up by a big marketing budget for new products in its TV, smartphone and appliance divisions.
Cisco sees quarterly profit rise as turnaround works
Software better than hardware
Cisco Systems reported its first rise in quarterly revenue in more than two years and forecast upbeat current quarter profit, as the network gear maker’s years long efforts to transform into a software focused company appears to be paying off.
Samsung made loads a money
Will split its stock
Samsung announced its first stock split as it expects demand for semiconductors to remain firm in 2018, while it posted record annual profit driven by a memory chip “super-cycle”.
Samsung's new bosses step from out of the shadows
Huge payouts to shareholders
Samsung Electronics named a new generation of top managers on Tuesday and promised to reward shareholders with $26 billion in payouts to 2020, as it reported record third quarter profits.