Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

Apple supplier Foxconn cautious on outlook as smartphone sales slow

A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register Q2 profit T$33.29 bln vs T$29.78 bln a year ago; market T$31.02 bln Q2 revenue rose 12% to T$1.5 trillion Says smartphones … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Analysis: Investors gauge US stocks rebound: ‘suckers’ rally’ or market bottom?

NEW YORK, July 27 (Reuters) – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long US stock market rally that followed a vicious first-half selloff. Even after Tuesday’s sharp fall, the S&P 500 remained up 7% from its June 16 low, buoyed in part by … Read more

Samsung not discontinuing Exynos project, working to grow competitiveness

After chip maker Qualcomm confirmed that the next-generation Samsung Galaxy S23 series will exclusively use the Snapdragon chipset, the South Korean tech giant said it is not giving up on the Exynos project. The company said it will not discontinue its Exynos manufacturing business and is working on expanding the competitiveness of the Exynos brand, … Read more

Shares rally as markets but on more gradual rate hikes

Passersby wearing protective face masks walk in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan July 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 29 (Reuters) – Asian stocks took their cue on Friday from a late … Read more

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 2.6% after hours following the release of the results. Apple said … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartphone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Analysis: Investors gauge US stocks rebound: ‘suckers’ rally’ or market bottom?

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 27 (Reuters) – As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of … Read more