Although listed as one of the most valuable technology brands in the world, IBM has been struggling to reach positive revenue growth rates in recent years. In the previous quarter, IBM had disclosed revenues below the expected estimates by analysts, reaching $19.29 billion instead of $19.46 billion. Whether the third-quarter in 2017 will become the 22nd quarter in a row with negative numbers remains to be seen. The revenue for the past three months is expected to be around USD 18.6 billion and the per-share profit at $3.28.
Mayor of London Sadiq Khan has announced a new program of investment days for London startups, as he tries to maintain the U.K.’s position as a European hub for young tech companies, according to Bloomberg.
Broadcom CEO Hock Tan is contemplating $100 billion bid for Qualcomm, according to Bloomberg, citing people familiar with the matter. If that happens it will be the largest technology takeover to build a powerhouse that dominates the market for wireless chips.
Despite the fact that Apple pushed the release of the anniversary iPhone X to November and thus to fiscal year 2018, iPhone sales returned to growth in Apple’s fiscal 2017 that ended September 30. As the company reported yesterday, it sold 46.7 million phones in the fourth quarter, bringing the total for the fiscal year to 217 million units.
Qualcomm issued a surprisingly bullish forecast for the current quarter, showing that robust demand for the company’s chips in China is making up for lost revenue from a bruising legal brawl with Apple, according to Bloomberg.
The IBM board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9 to stockholders of record November 10. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.
Sony, which has staged a turnaround following a string of losses about a decade ago, increased its annual operating profit outlook to a record 630 billion yen ($5.6 billion) from 500 billion yen for the current fiscal year through March, according to Bloomberg.
Nintendo’s Switch console is becoming a major pillar of its business. The company almost doubled its annual profit forecast after production of the hybrid console accelerated and customers bought more games than anticipated, according to Bloomberg.
Facebook’s strategy to stamp out fake news is struggling, according to Bloomberg. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process.
The costumer is the king, everybody knows this sales phrase, but today with all the social networks costumer comes in the focus, and the companies including telecommunication operators are becoming aware of that.
Alphabet beat projections for third-quarter sales and earnings after a surge in Google ad volume helped the web-search giant shrug off concerns about regulatory scrutiny and an expensive foray into hardware, according to Bloomberg.
Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, according to Bloomberg.
Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.
Intel’s push into new products is helping bolster sales and earnings in the second half of the year, even as the chipmaker’s dependence on the lackluster personal-computer and server markets is keeping growth in check, according to Bloomberg.
Microsoft’s push into the cloud forged ahead last quarter, with demand for online versions of Office productivity software and the Azure web-services business bolstering sales and earnings, according to Bloomberg.
Twitter is banning advertising from all accounts owned by Russia Today and Sputnik effective immediately, after U.S. investigators concluded the Russian media companies attempted to interfere in the 2016 presidential election, according to Bloomberg.