GoPro posted sales that exceeded analyst estimates, suggesting the struggling hardware company is still attracting consumers despite growing competition from cheaper alternatives, according to Bloomberg.
The third edition of CE China, a global IFA event, successfully closed on Sunday after three days of providing a convention for growing business opportunities by building new pan-Asian connections and gaining deep market insights.
Facebook has been conducting market research in recent weeks to determine whether an ad-free version paid by subscriptions would spur more people to join the social network, according to Bloomberg, citing people familiar with the matter.
U.S. military exchanges have stopped selling smartphones made by two Chinese firms after the Pentagon warned the devices pose a security risk to military personnel and operations, according to Bloomberg.
Sony shares fell the most in almost two years after the electronics maker missed profit estimates and forecast weaker sales and operating profits across most of its business units, according to Bloomberg.
Taiwan Semiconductor Manufacturing, the world’s largest contract chipmaker, plans to invest NT$400 billion ($13.5 billion) expanding its Hsinchu production facility as it seeks to regain momentum amid a slowdown in the global smartphone market, according to Bloomberg.
ZTE reported its earnings have surged, without addressing the impact of U.S. sanctions that threaten to derail its crucial global expansion into next-generation telecoms networking, according to Bloomberg.
Europe’s plan to tax large digital companies hit resistance at a meeting of the bloc’s finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution, according to Bloomberg.
Amazon is more than doubling its line of credit to $7 billion as it takes steps to fuel revenue growth, including building data centers, expanding internationally and producing original video content, according to Bloomberg.
PayPal reported earnings that beat analysts’ estimates in the first quarter and gave an optimistic forecast for the second, signaling that it’s weathering the loss of eBay as it continues to sign up new accounts, according to Bloomberg.
T-Mobile US Inc. agreed to acquire Sprint Corp. for $26.5 billion in stock, a wager that the carriers can team up to build a next-generation wireless network and get a jump on industry leaders Verizon Communications Inc. and AT&T Inc, according to Bloomberg.