Sony on Friday cut its sales forecast for the current fiscal year, citing the impact of a surging yen and slower smartphone sales, as net profit also took a hit. But it managed to stay in the black as strong sales of its PlayStation 4 offset negative impacts from a sharp rise in the yen and deadly earthquakes in Japan ... Read More »
Bengaluru: Gold was steady early Tuesday after falling in the previous session, with markets assessing whether the latest U.S. jobs data boosted the prospects of an early interest rate hike by the Federal Reserve. FUNDAMENTALS Spot gold was little changed at $1,354.60 per ounce by 0039 GMT. It fell 0.8 percent on Monday, its biggest decline in nearly two weeks, ... Read More »
Nokia’s net sales of telecoms equipment fell more than anticipated in the first quarter because the Finnish employer warned on Tuesday that income in its mainstay enterprise might decline this 12 months due to slowing call for in China. In its first unified profits record on account that taking control of rival Alcatel-Lucent in January, Nokia also nudged up its ... Read More »
Country’s smartphone market is showing signs of maturity as lesser number of consumers are planning to buy new devices in the next one year, says a survey. “Smartphone market has reached maturity…the percentage of consumers planning to purchase a smartphone in the next 12 months has dropped from a peak of 80 percent in 2014 to 68 percent,” the survey ... Read More »
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