While the sale of iPhones of Apple dropped to less than half of the total quarterly revenues of the company for the first time in over seven years, the phenomenon was justified by the company CEO Tim Cook by saying that this change highlights the success of the changed strategy of the company to diversify…
After the emergence of the news that the United States based alternative meat company Beyond Meat would be launching a secondary offering of 3.25 million shares just three months after it had launched its IPO in May, shares of the company which had risen by more than 750 per cent since its launch, fell sharply.…
The increased beer sale in the first half of the year was offset by higher than normal packaging costs which potentially resulted in Heineken NV announcing missing market estimates in the period. However the profit growth forecast for the entire year of 2019 was not altered by the second-largest brewer of the world. In 2019,…
One of the largest food delivery companies in the world would be created following the merger of Just Eat and its Dutch rival Takeaway.com. the former has agreed in principle to of the combination according to the companies. After the merger, the total value of the two companies together would be about £8.2 billion and…
Facebook Inc. will no longer allow any kind of sale and advertising of alcohol and tobacco between users on its two platforms of Facebook and Instagram. “We are updating our regulated goods policy to prohibit the sale of alcohol and tobacco products between private individuals on Facebook and Instagram. Our commerce policies already prohibit the…
The new exchange for tech stocks in China that has been recently launched is the aim for the Chinese budget smartphone maker Transsion, whose Tecno brand is a dominant force already in the African market. It has already got the preliminary permission this week for listing of its shares at the Star Market, China’s answer…
There has been a significant drop in the shares of United States electric car maker Tesla following its reporting of a second quarter loss despite touching a record number of deliveries in the period along with higher than usual levels of revenues and production. The graph for Tesla’s stock price has been like a roller…
First half profit at the French auto maker Renault saw a drop because of subdued demand for cars globally and a 95 per cent drop in the profits of its alliance partner Nissan following the Carlos Ghosn episode. That prompted Renault to issue a warning of a drop in revenue for the complete year. In…
Apple bought a majority stake in the modem business of United States based chip maker Intel, the two companies announced on Thursday. Analysts see this as a major step by Apple and gaining independence in supply of chips for its smartphones. The deal was worth $1 billion. Apple will take over Intel’s intellectual property, equipment…
Revenue for Nokia is increasing because of increasing demand for construction of 5G networks. And the sanctions against the market leader and Chinese tech giant Huawei is also reportedly benefitting Nokia In the second quarter, there was a 7 per cent increase in the sale revenue of Nokia at €5.7 billion euros or $6.3 billion,…
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