Displaying items by tag: Financial

A couple of days ago the rumor that Crytek was in serious financial trouble spread around the internet like a clickbait video. We saw it pop up on multiple social media sites with links to multiple sources. As with many viral stories like this everything could be traced back to a single article once you got through the mess. This original article was published on GameStar.de and is hidden behind a paywall (again not unexpected).

Emerging markets are still dependent on cheap cell phones. Smartphone breakthrough on these kind of markets is currently stalled by the relatively high prices.

services, specifically in the area of electronic exchange of money between users of their networks. Facebook is reportedly waiting for the permission from the central bank of the Republic of Ireland, which would make the social network an institution for electronic payment, exchange and storage of funds modeled after the popular PayPal service in Europe. 

Lenovo has released the financial report for the last quarter of 2013. It says that it was a record one for the company during which they sold 32.6 million devices. The growth compared to the same period last year was 30%, and its main generator are units from the so called PC Plus category,which are mobile phones, televisions and tablets.

The first man of Apple Tim Cook announced that Apple has purchased their own shares in the amount of 14 billion dollars. Apple was over the past two weeks working diligently on buying the shares and thereby spent the mentioned amount. The reason behind the purchase is the 8% fall of shares after they published last financial results in which was announced that they sold "only" 51 million iPhones during the quarter, and despite record sales, have not fulfilled Wall Street's expectations - 55 million.

As expected, earnings of the Korean technology giant Samsung has dropped in the last quarter of 2013. Compared to the year before, the company's profit decreased by 6%, and stopped at 7.73 billion. The operating profit of the department who earns the most, one for mobile devices, has remained the same as a year ago, but fell by as much as 18 % compared to the previous quarter. It is believed that the reason for this is the release of new iPhone models which dragged away customers from Samsung, especially in the pre-Christmas period.

HP decided to further increase the total number of employees laid off by the end of 2014. According to the plan in September, the plan was the release of 29,000 people, and earlier in May they announced the release of 27,000 people.

Mark Zuckerberg, founder and CEO of Facebook, will sell shares in the company valued at $2.3 billion to pay the taxes. It's just part of the offer of 70 million shares of Facebook, which will go on sale.

Alan Greenspan, former head of the FED, the US Federal Reserve and also the most influential financial institutions, called the recent rapid growth in the value of Bitcoin a speculative bubble. His word in the financial world have very great significance, and the People's Bank of China reacted immediately and banned banks that were carrying out transactions in that virtual currency.

Ever since the company became public in 2002, HTC recorded only positive business results. This week they announced a new quarterly report covering the third quarter of this year, in which HTC for the first time reported losses, which amount to 100 million dollars.