Microsoft is investing $1.1 billion into a variety of initiatives in Mexico designed to expand digital access in the country.
Apple today reported the results of the first quarter of its fiscal 2020. The company’s revenue totaled $91.8 billion, far ahead of expectations of $88.43 billion.
Huawei has launched Huawei Pay in Pakistan, in partnership with UnionPay International and National Bank of Pakistan. Pakistan is the fourth market where Huawei Pay has been made available, following China, Russia and Hong Kong (China).
Samsung has completed its acquisition of TeleWorld Solutions (TWS), a Virginia-based telecom provides wireless networking and consulting services, including 5G solutions.
BlackBerry issued an update on its FY20 earnings guidance Friday. The company provided earnings per share (EPS) guidance of $0.06-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.06
Huawei said Tuesday that its sales rose a lower-than-projected 18% in 2019 and predicted tough times ahead as the U.S. moves to restrict its business.
BlackBerry beat quarterly revenue estimates on Friday, boosted by sales from its licensing and cybersecurity businesses.
Ericsson has signed an agreement for credit facility with the Nordic Investment Bank (NIB) for USD 150 million, maturing in 2025. Of these new funds, 98 million will replace credit with NIB that was set to mature in 2021
BlackBerry will report results for the third quarter of fiscal year 2020 at 8 a.m. ET on Friday, December 20, 2019. Shares in BlackBerry started unchanged on on Thursday. The company’s stock began trading at $5.42 below the previous closing price of $5.42, and finished the day at $5.37.
Apple today announced financial results for its fiscal 2019 fourth quarter ended September 28, 2019. The Company posted quarterly revenue of $64 billion, an increase of 2 percent from the year-ago quarter, and quarterly earnings per diluted share of $3.03, up 4 percent. International sales accounted for 60 percent of the quarter’s revenue.
Huawei has reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. During the first three quarters of this year, Huawei generated CNY610.8 billion in revenue, an increase of 24.4% year-on-year. The company's net profit margin in this period was 8.7%.
Samsung today announced that in partnership with Mobeewave, the company will deploy NFC-enabled contactless payment acceptance on mobile devices worldwide starting October 15, 2019.
