Finnish mobile phone manufacturer Nokia announced Tuesday a net loss of EURO91 million (USD125 million) in the third quarter as sales continued to spiral downwards.
Apple sold 33.8 million iPhones in the September quarter, up 26 percent from a year earlier, but not enough to prevent a third consecutive quarterly decline in earnings.
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Samsung Electronics Co announced on Friday that it had generated a record net profit of KRW8.24 trillion (USD7.76 billion) in the third quarter, thanks to strong smartphone sales and higher microchip prices.
Total revenue between July and September rose by 13.2 per cent year-on-year to 59.08 trillion won, while operating profit climbed 26 per cent to 10.16 trillion won.
The contraction of the IT market was attributed to declining notebook computer sales, which plunged more than 20% year-on-year. As a result, many retailers were carrying excess inventory and had low liquidity.
About 300 of the estimated 3,000 computer shops in Thailand have closed their doors this year, according to spokesmen for the information technology sector.
The forecast for global tablet shipments has been lowered as short-term build plans are being reduced. According to DisplaySearch, tablet shipments are still expected to be up 30 percent on year, but projections between 2013-2017 are being scaled back by roughly 9 percent every year. The main factor in the forecast reduction is white-box tablet production in China, which is being pulled back following overly aggressive build plans that out-paced demand
If you’re a retailer, there’s a good chance you’re one of the 96% impacted by Organized Retail Crime (ORC) in 2012.(1) ORC groups are professional shoplifters that steal large quantities of merchandise, usually with intent to resell for a large profit.
The average lifecycle of new consumer electronics products such as tablets, smartphones and notebooks, has shrunk significantly to only about three months currently, down from six months originally, according to sources from the upstream supply chain.
Apple Inc on Tuesday took the wraps off a slimmer faster tablet called the iPad Air and said it will give away Macintosh operating and work software free to its users, challenging Microsoft Corp's near-stranglehold on personal computing.
Nokia, whose handset division is to be acquired by Microsoft, launched its first-ever tablet computer in Abu Dhabi on Wednesday.
A global shortage of the gold-colored iPhone5S means some preorder customers will have to wait longer to get their hands on Apple Inc.'s snazziest new phone, Taiwan's third-largest mobile carrier said on Monday.