Apple has surprised observers who had made gloomy loss forecasts, declaring a $25 million profit for its fourth fiscal quarter on sales of $2.3 billion.
However, another firm that has been stumbling over the last year, Borland, is expected to make another loss. The firm will have a deficit of about $11 million for its second fiscal quarter, prompting it to make 125 staff - about 15 per cent of its workforce - redundant.
Tech Industry
Tech Industry
The South Korean company's home appliance and TV businesses have been negatively impacted by the COVID-19 pandemic.
TikTok to cease operation in Hong Kong
It comes as China imposes its new national security laws in Hong Kong.
Samsung Q2 profit rises 23% despite COVID-19
Samsung's chip business likely contributed the lion's share while its consumer electronics is thought to have fared better than initially feared.
The price of tomorrow could be ruinous: Technology's unstoppable march
A conversation with serial entrepreneur Jeff Booth, author of The Price of Tomorrow, about the deflationary trend driven by technology and its potential to seriously destabilize ...
Fujitsu to shut down half of its offices in Japan by FY22
80,000 of its Japan-based employees will work remotely and hot desking will be introduced as the company embraces flexible working arrangements.
United Airlines made a painful statement that may appall business travelers
As United opens up flights to China -- some of which may be patronized by Apple and other tech company executives -- its leadership offers a scoffing tone. ...
LinkedIn says iOS clipboard snooping after every key press is a bug, will fix
The new clipboard access detection and warning feature in iOS 14 exposes another app.
German accountancy watchdog washes hands of Wirecard debacle
The accounts examiner has denied any accountability for the scandal.
UN reports global e-waste production soared beyond 53 million tonnes in 2019
That's equivalent to the weight of 350 cruise ships the size of the Queen Mary 2.
Join Discussion