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Profits

Apple’s iPhone X hits stores as profits soar

Apple's flagship iPhone X hit stores around the world on Friday, as the company predicted bumper sales despite the handset's eye-watering price tag and celebrated a surge in profits. Apple enthusiasts around the globe were lining up to…

Cloud boosts Microsoft as it absorbs LinkedIn

WASHINGTON: Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant said profits rose 3.6 percent…

Samsung says Q4 profits up 50% despite Note7 recall

SEOUL: Samsung Electronics' profits leaped in the fourth quarter, it said on Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world's largest smartphone maker. The South Korean tech giant took…

Twitter’s video-sharing mobile app Vine to shut down

CALIFORNIA: Twitter Inc announced Thursday that it would discontinue the video-sharing mobileapp Vine, as it moves to cut 9 percent of its workforce worldwide to keep costs down after beating Wall Street quarterly earnings expectations.…