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Apple Inc chief executive officer Tim Cook received a 74% increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier.
India's second-largest software services exporter Infosys Ltd cut its fiscal-year revenue growth target for the second time in three months on an uncertain business outlook, sending its shares tumbling more than 5%.
BlackBerry suffered another loss in its latest fiscal year and now aims to return to profitability by refocusing on business services, away from consumer handsets, the Canadian company said.
Apple Inc generated less than half of its total quarterly revenue from sales of the iPhone for the first time since 2012 – a sign the company is entering life beyond its flagship product.
Sony Corp is working around the clock to manufacture its in-demand image sensors, but even a 24-hour operation hasn’t been enough.
Thanks to best-selling (and surprisingly therapeutic) games like Animal Crossing: New Horizons, the Nintendo Switch has become a massive hit during the pandemic. There’s just one problem for Nintendo Co: It can’t make them fast enough.
Nintendo Co is struggling to procure some essential components for its popular Switch console due to government-imposed lockdowns in Malaysia and the Philippines, likely limiting its production this year, according to people familiar with its operations.
Nintendo Co is raising its target for Switch production to around 25 million units this fiscal year, as the ongoing Covid-19 pandemic keeps lifting demand and component shortages ease.
Europe’s fintech upstarts have added millions of users and billions of deposits in their venture-capital fueled boom the past few years. And now the fight to one day turn a profit is becoming a battle for survival.