News - subcat

Qualcomm reports strong fourth quarter earnings
Published in News


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
Published in News
Wednesday, 06 November 2024 10:15

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
Published in News
Friday, 01 November 2024 10:06

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
Published in News


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
Published in AI
Monday, 08 April 2019 12:19

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
Published in News
Monday, 18 February 2019 11:38

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
Published in News
Friday, 06 July 2018 11:26

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
Published in News


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
Published in News
Wednesday, 31 January 2018 11:50

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
Published in News


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.