HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets. Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends had driven up sales of laptops and other electronic … Read more
Better cost controls helped Dell Technologies beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue below Wall Street targets and warned that IT spending would stay … Read more
Microsoft is set to lay off thousands of employees today. Citing Sky News, Reuters reported that thousands of roles would be cut, with the software giant looking to cut around 5 percent of its workforce or about 11,000 roles. Thousands of job cuts are expected in human resources and engineering divisions on Wednesday. The layoffs … Read more
Global smartphone shipments rose 6.5 percent in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets. Samsung held the first spot with an 18.9 percent share of shipments in the … Read more
US’ Federal Bureau of Investigation (FBI) recorded a significant rise in crypto investment scams in 2023. In its recently released ‘Internet Crime Report 2023′, the FBI claimed that crypto investment scams rose by 53 percent last year. In investment scams, fraudsters offer crypto investment advice to potential victims and get them to invest in fake … Read more
Mark Zuckerberg, the chief of Meta (previously Facebook) recently disclosed revenue details about the company’s last quarter. Meta clocked a revenue of $40.1 billion (roughly Rs. 3,34,416 crore) between September and December. In total, the social media and Web3 mammoth managed to reel-in $134.9 billion (roughly Rs. 11,25,119 crore) in the year of 2023. On a … Read more
India, in a bid to ensure that the crypto sector is safe for investors, has been tightening the noose around crypto players. Now, KuCoin has become the latest international crypto exchange to have completed compliance with India’s Financial Intelligence Unit (FIU). In February, the government of India had issued an alert to all crypto players … Read more
Smartphone shipments in India grew 7.2 percent year-over-year (YoY) in the first half (H1) of 2024 where 69 million units were shipped, according to a report by a market research firm. The second quarter (Q2) of the year saw 35 million smartphones being shipped, which was a 3.2 percent YoY rise over Q2 2023 shipments. The report added that … Read more
Global shipments of artificial intelligence (AI) PCs rose in Q2 2024, according to a report by market research firm Canalys. Over 8.8 million AI-capable computers were shipped by device manufacturers, and Apple’s Mac computers accounted for a majority of these devices. Meanwhile, the adoption of these computers is reportedly expected to increase in the second … Read more
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. The world’s most valuable firm will wrap up Big Tech … Read more