Sony’s quarterly profit topped analyst expectations thanks to strong sales of PlayStation games and growth in its music business, which also benefited from a one-time gain on share sales of Spotify Technology.
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The slowdown in the global smartphone market is starting to take a toll on Samsung Electronics, with net income falling short of analysts’ estimates as the sluggish market hit demand for its Galaxy devices.
The Chinese Internet giant, in which South Africa’s Naspers holds a 31.2% stake, has tumbled 25% from its January peak, erasing about $140-billion of market value.
When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing.
Facebook has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors want change.
What happened? That’s what many of Facebook’s investors have spent the last 18 hours wondering.
Intel fell as much as 8.4% on Friday after executives said a key new chip technology wouldn’t be out until late next year, prompting concerns the company could be vulnerable to rivals.
Twitter said monthly users dropped by a million in the second quarter, and predicted that number will decline further as the company continues to fight against spam, fake accounts and malicious rhetoric.
Amazon.com reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism.
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.