The Finnish tech legend Nokia made another selling move. After trading off its mobile phone division to Microsoft for $7 billion last April and also acquiring France’s Alcatel-Lucent for $16.6 billion, Nokia finally revealed what used to be kept as a secret: the sale of its Here maps service to a group of German car manifacturers – Mercedes’ owner Daimler, BMW and Audi – is already a fact.
Category Archives: Market news
Facebook’s quarterly results on Wednesday topped analyst estimates on nearly every metric.
1.49 billion are the monthly active users (MAUs) for June, with 1.31 billion MAUs on mobile. What the analysts had expected was 1.48 billion, with the mobile MAU number of 1.29 billion.
Chinese shares took a dive of over 8% this Monday, as the country’s government failed to go forth with its plan to prop up valuations, casting a thick shadow of doubt over Beijing’s efforts to fend off a deeper crash.
IBM stock tumbled nearly 6% Tuesday after the tech giant reported that sales declined for the thirteenth quarter straight.
The poor quarterly results, along with a bad report from aerospace company United Technologies, sent ripples across Wall Street. The Dow Jones Industrial Average declined 181 points, or 1%, to 17,919 points.
Right on schedule, Apple has shared its Q3 2015 earnings results reporting revenue of $49 billion and $10.7 billion in profit during the April to June period. Notably, the company’s Q3 period is the first that includes initial Apple Watch sales as the device first launched on April 24th.