Technology News
Vodafone’s Annual Profit Sank By 7.8%
The England based, world’s largest mobile-phone company, Vodafone Group Plc disappointed its investors by claiming that its annual profit dropped by 7.8% on Tuesday. Moreover, the report revealed that Earnings after tax dropped to £7.97 billion in the 12 months to the end of March in comparison to 8.65 billion in 2009/2010.
Hard Days Ahead of Samsung
Samsung Electronics, the world’s largest technology company has reported a 30% drop in the sales for the first quarter of this year. They also claimed that there is stiff competition in mobile phones and flat-panel TVs have created adverse business conditions.
Amazon.Com Inc. Forecasts Lower Operating Profit than Predicted
In the wake of new warehouses and promotion of its Kindle electronic-book reader, Amazon. com Inc., the world’s largest online retailer, has forecasted lower operating profit of its second quarter in comparison to the predictions of the analysts.
Samsung & Sony Venture in Bad Shape
Sony and Samsung are doing a joint venture for S-LCD, a flat screen output. However, on Monday, news came that Sony would be reducing the capital by $555 million as it is presently struggling with perennial losses from its TV business and Samsung is asking to shift it to a new type of display.
