Technology News

'Anemic' iPhone 8 demand drags Apple lower

(Reuters) - Signs of poor demand for the iPhone 8 fueled more market questions over Apple Inc’s double 2017 iPhone release strategy, sending its shares down as much as 2.6 percent on Thursday. The chief executive of Canada’s largest mobile network Rogers Communication said appetite for the latest iPhone had been “anemic”, adding to a series of hints that sales of the first of two new phones Apple releases thi...

19 Oct 2:38 PM 0 Read More...

Japan finance sector to reap digital currency benefits, says MUFG chief

TOKYO (Reuters) - The chief executive of Japan’s largest bank expects new business opportunities to appear as digital currencies allow collection of data on how people use their money. While Japan’s big banks have distanced themselves from bitcoin and other existing digital currencies, they are trying to create their own to provide cheaper and easier means of payments and money transfers. “We would be able to ...

19 Oct 11:38 AM 0 Read More...

Ryanair, Google and eDreams reach settlement over advertisements

DUBLIN (Reuters) - Ryanair reached a settlement with Google and online travel agent eDreams to end legal proceedings in the Irish High Court over what it said were misleading advertisements for Ryanair flights, the airline said on Thursday. Ryanair accused Google in 2015 of allowing eDreams to use “misleading” subdomain www.Ryanair.eDreams.com and a website with branding similar to Ryanair’s to sell plane ticke...

19 Oct 11:10 AM 0 Read More...

Amazon offered billions in tax breaks for second U.S. headquarters

(Reuters) - U.S. cities are offering Amazon.com Inc (AMZN.O) at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters. The world’s largest online retailer has won promises from elected officials who are eager for the $5 billion-plus investment and up to 50,000 jobs that will come with “Amazon HQ2.” New Jersey proposed $7 billion in potential cre...

19 Oct 11:09 AM 0 Read More...

Samsung, Omnitracs expand tablet offering for U.S. truck fleets

SEATTLE (Reuters) - Samsung Electronics Co Ltd and U.S. truck fleet services company Omnitracs said on Thursday they are rolling out a tablet-software package to help smaller carriers comply with a looming federal regulation to log driver hours electronically. The platform combines Omnitracs measurement and reporting software on Samsung’s devices such as the Galaxy Tab E, with embedded security software, the compan...

19 Oct 11:05 AM 0 Read More...

Apple shares drop on iPhone 8 demand worries

(Reuters) - Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday as brokers and traders speculated over poor demand and cuts in production of iPhone 8, ahead of the November launch of the 10th anniversary iPhone X. Apple no longer gives regular updates on sales numbers but indications from supply channels, phone operators and analysts who track the sector have fueled talk of poor sales for the lates...

19 Oct 10:32 AM 0 Read More...

TSMC's third-quarter net profit falls 7 percent on supply constraints, beats estimates

TAIPEI (Reuters) - Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said supply-chain inventory constraints pulled down net profit in the third quarter, albeit by a lesser degree than analysts had estimated. The world’s largest contract chipmaker also forecast revenue growth of about 10 percent in the fourth quarter when sales begin for Apple’s iPhone X, which is widely expected to ...

19 Oct 8:15 AM 0 Read More...

SAP profits miss forecasts as cloud shift inflates costs

FRANKFURT/LONDON (Reuters) - SAP (SAPG.DE), Europe’s most valuable technology company, missed market expectations for third-quarter profit as it invested heavily to shift business customers into cloud computing. The German software maker is in the midst of a transition to offering cloud-based services to its business customers and management had flagged that 2017 would see a trough in profit margins as it investe...

19 Oct 7:42 AM 0 Read More...

Samsung Electronics shares fall 3 percent, easing from record-high on profit-taking

SEOUL (Reuters) - Shares of Samsung Electronics Co Ltd extended losses on Thursday, easing from a record-high reached on Tuesday due to profit-taking. Samsung Electronics shares fell as much as 3.2 percent to their lowest intraday level since Oct. 10. Reporting by Hyunjoo Jin and Dahee Kim...

19 Oct 5:18 AM 0 Read More...

China's Meituan-Dianping raises $4 billion, valuing firm at $30 billion

BEIJING (Reuters) - Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China’s largest on-demand services provider at $30 billion, as part of a strategy to compete with the country’s leading e-commerce firms in offline retail. Meituan-Dianping in a statement said the round was led by existing investor Tencent Holdings Ltd (0700.HK), with participants including Sequoia Capita...

19 Oct 5:11 AM 0 Read More...