Fitbit saw its revenue beat expectations and more than triple to $400m (£256m) in the second quarter of the year. Margins fell, however, due to higher spending on new products.
LG today announced a modest net profit of KRW 226.4 billion (USD 206.38 million) for the second quarter of 2015, in an extremely challenging environment.
Morgan Stanley analyst James Faucette has upgraded his rating on BlackBerry stock on the strength of the company’s cash reserves and ability to further cut costs.
Amazon.com today announced financial results for its second quarter ended June 30, 2015. Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014.
Microsoft today announced that revenues for the quarter ended June 30, 2015 were $22.2 billion. Gross margin, operating loss, and loss per share for the quarter were $14.7 billion, $(2.1) billion, and $(0.40) per share, respectively.
Google today announced Second Quarter 2015 Results with revenues of $17.7 billion and revenue growth of 11% year over year.
Apple Pay has officially launched in the UK. Apple Pay will allow iPhone users to "tap-and-pay" with their smartphones and Apple Watch for the first time, marking the first time the software will be available outside the US.
BlackBerry have announced an update to BBM Money that for the first time brings Instant Mobile Payments to users of the app on all major platforms in Indonesia.
Barclays launched their bPay payment wristbands last year, and are now expanding the service by launching key fobs, an updated wristband and stickers that can be attached to any flat surface, including a mobile phone.
Amazon today announced the Alexa Fund, up to $100 million in investments to support developers, manufacturers, and start-ups of all sizes who are passionate about creating new experiences designed around the human voice.
BlackBerry today provided an update on its planned share repurchase program to purchase for cancellation up to 12 million BlackBerry common shares, or approximately 2.5% of the outstanding public float.
In a report published Wednesday, Credit Suisse analyst Kulbinder Garcha maintained an Underperform rating on BlackBerry with a price target of $6, after the company reported disappointing results.
