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Smartphone maker HTC sees third-quarter revenue drop, only China to grow
Aug 3rd, 2012
TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp said on Friday it sees sales growing only in China this quarter while other regions decline, forecasting as much as a 23 percent fall overall in revenue, in a further sign of how tough its road to recovery will be. The world's No.5 smartphone maker, once one of the industry's high flyers but badly hit by competition from Apple Inc and Samsung, sees third-quarter revenue at between T$70 billion and T$80 billion ($2.3 billion and $2.7 billion), compared with T$91 billion in the second quarter. HTC was expected to earn T$92. ... (Source: Reuters) -
TOKYO (Reuters) - Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion ... [Full Article]
KABUL, Afghanistan (AP) - Conservative religious lawmakers in Afghanistan blocked legislation on Saturday aimed at strengthening provisions for women's freedoms, arguing that parts of it violate Islamic principles and encourage disobedience. (Source: Associated Press)... [Full Article]
LONDON (Reuters) - Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year. An initial public offering (IPO) of the state-owned firm, which has 150,000 staff and sales of 9.15 billion pounds, is expected to value Royal Mail at betwe... [Full Article]
(Reuters) - Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks. Revenue rose 14 percent from a year earlier to $9.5 billion in the quarter, ended March 31, the company reported on Wednes... [Full Article]
LONDON (AP) - The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained relatively solid amid hopes over the U.S. economy. (Source: Associated Press)... [Full Article]
By Huw Jones LONDON (Reuters) - The Financial Conduct Authority (FCA) has asked mortgage lenders to check if customers can pay back the loans, stepping in early to head off possible defaults in a sector the government sees as key to reviving growth. The FCA said the capital on 2.6 million interest-only home loans will be due for repayment over the ... [Full Article]
PYONGYANG, North Korea (AP) - North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent neighbor. (Source: Associated Press)... [Full Article]
By Jim Finkle (Reuters) - Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. A hacking expert who helps companies uncover network vulnerabilities, Moore said he found the sensors last month while analyzing information in huge,... [Full Article]
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