Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

2 months ago

TikTok US Sales ‘Hit $16bn’, ByteDance Nears Meta In World Revenues

TikTok reportedly brought in $16bn in US last year, while parent ByteDance made $120bn worldwide, nearly dethroning Facebook parent Meta

3 months ago

Alphabet’s Ad Revenue Miss Punished By Investors

Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss

5 months ago

Elon Musk Admits “Massive Decline” In Ad Revenue

Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting

1 year ago

Twitter Revenues From Top Advertisers Plummets – Report

More than half of Twitter's top 1,000 advertisers were no longer spending on the platform in early January, new data…

1 year ago

Twitter Reports Loss As ‘Uncertainty’ Weighs On Business

Twitter reports $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon…

2 years ago

Huawei Reports Biggest-Ever Revenue Drop

Huawei reports largest-ever decline in revenues in first half of 2021, after selling off Honor smartphone brand and grappling with…

3 years ago

ByteDance Sees Revenues Double As TikTok Expands

ByteDance sees revenues more than double in 2020 as TikTok continues rapid expansion worldwide, as Chinese apps face new pressure…

3 years ago

Finance Ministers Reach Corporate Tax Deal At G7 Summit

US says it expects UK, France and others to scrap digital taxes in favour of broader agreement on 15 percent…

3 years ago

Amazon Posts Record Results, As Prime Video Catches Netflix

E-commerce and cloud services giant Amazon is another pandemic winner, after it posted record profits and revenues thanks to strong…

3 years ago

Twitter Develops Subscription Fee To Lessen Ad Reliance

Micro-blogging platform Twitter is developing a subscription product, in an effort to lessen dependence on advertising revenues

3 years ago

Facebook Advertising Growth Slows Amid Pandemic

The global slowdown in the digital advertising market due to the Coronavirus pandemic, slows advertising revenue growth at Facebook

4 years ago

Cisco/NetApp Lone Vendor Showing Growth In Converged Systems Market

Dell EMC is far and away No. 1 in the category, but its sales are down year over year

7 years ago

Samsung Predicts Record Profits Despite Galaxy Note 7 Disaster

One of the biggest product safety scandals in history doesn't seem to have had an immediate impact on Samsung's fortunes

7 years ago

Nvidia Prospers As Games, Data Centre Drives Growth

Strong demand for GPUs in gaming PCs and the data centre has driven hugely impressive growth

8 years ago

Intel Posts Reduced Profit Amid Data Centre Slowdown

Intel reports a better than expected profit, but hefty cost cutting impacts chipmaker's bottom line

8 years ago

Facebook Sales Hit £4bn As Mobile Advertising Pays Off

Facebook reports £700m in quarterly profit as mobile user base reaches almost one billion a day

8 years ago

IBM Blames Shift To Cloud For Quarterly Revenue Decline

The shift away from packaged software and on-site, disk-based storage contributed to a 13.9 percent revenue drop

9 years ago

Microsoft Grows Thanks To Azure, Office 365

Satya Nadella's move towards subscription business model pays off, but profits still slide

9 years ago

Intel Lusts After The Data Centre As PC Revenue Dips

Revenue is flat and its PC business down but Intel CEO says losses offset by gains in the data centre…

9 years ago

AMD Reveals Major Restructuring

Seven percent of global workforce to go as part of new CEO Lisa Su's reign

10 years ago

Google Reports Significant Fall In Profits

Profits only hit $2.8bn (£1.7bn) in last quarter, search giant reveals

10 years ago

Samsung Profits Fall, Despite Android Domination

Samsung profit falls, as research suggests Android is on the verge of turning smartphone platforms into a one-horse race

10 years ago

Apple Grows Profit Ahead Of iPhone 6 Launch

Apple posts stunning financials thanks to Chinese iPhone growth, but the iPad may have reached its peak

10 years ago

Google Grows Profits And Sales As Ad Values Decline

Google reveals strong financials as revenues rise 22 percent, but analysts still expected better

10 years ago

Yahoo Clutches Alibaba Stake As Profits Slide

Yahoo will retain its hugely valuable stake in Alibaba, after 'disapointing' results elsewhere

10 years ago

Intel Benefits From XP Migration But Mobile Dips

The move from Windows XP helped the performance of Intel's PC group, but mobile chip sales decline

10 years ago

HP Stabilises Financials As Turnaround Takes Hold

HP's financials beat Wall Street expectations, helped in part by a good showing from its PC business

10 years ago

Cisco Profit Plummets As Weak Demand Bites

Cisco predicts more pain ahead but is optimistic about its direction, despite slides in both profit and revenue

10 years ago

IBM Sales Slide As £607m Charge Looms

IBM sales miss expectations amid hardware struggles and a looming $1 billion restructuring charge

10 years ago