Samsung on Tuesday reported its second consecutive quarter of declining on-year profits as growth of the company’s high-end smartphone sales continued to slow. The company posted audited first-quarter results that were in line with the guidance it released earlier in April. Operating profit came in at $8.2 billion, a 3.3% decline from the year-ago quarter, on […]
The latest version of Samsungs flagship Galaxy smartphone went on sale worldwide Friday, days after the electronics giant announced it was facing a second consecutive quarter of profit decline. The Galaxy S5 has a lot riding on it to steer the South Korean firms profit-making machine back on track as growth in smartphone sales slows, […]
Facebook posted a 60% revenue increase in the third quarter thanks to mobile advertising growth. The numbers beat Wall Street’s expectations for the second consecutive quarter. The world’s largest social network said today that it earned $425 million, or 17 cents per share, in the July-September period. That’s up from…
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