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Tech giant Samsung Electronics Co Ltd may be due for another profit drop in 2016, as slowing demand for consumer electronics saps momentum for the less-glamorous components businesses that offset last year's smartphone struggles.
Chinese drone giant SZ DJI Technology Co Ltd has been making sweeping cuts to its global sales and marketing teams as it faces coronavirus headwinds and mounting political pressure in key markets, current and former staff said.
Huawei has maintained fast growth momentum despite headwinds for broader industry shipments this year
Chinese Internet firm Baidu Inc has agreed to acquire US computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in US.
Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the firm's struggling smartphone business, shifting his focus to long-term strategy amid growing earnings headwinds.
Samsung Electronics Co Ltd offered a downbeat outlook for the third quarter after April-June profit dropped on a supply shortage for one of its main smartphone models, underscoring continued headwinds for the tech giant.
TikTok and its Chinese version Douyin retained No 1 spot in global downloads in April with 59 million installs. The apps’ global monthly installs have fallen from the peak in 2020 amid political headwinds in the US and India.
b>NEW YORK/b>: The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs.
Apple Inc could be seeing weaker-than-expected demand for its iPhone product line, especially in China, where trade tensions have been weighing down sales, analysts said on June 17.
Apple Inc could see the production costs for its flagship iPhone rise 2-3% given the impact that trade tensions between the US and China are having on input materials like lithium batteries, according to Wedbush analyst Daniel Ives.