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Intel, WD Earnings Crash As Chip Demand Falls Further

Intel, WD Earnings Crash As Chip Demand Falls Further

Nathan Jolly October 31, 2022 No Comments

Dangerously high inventory levels, waning PC and mobile demand, and strict sanctions with China have well and truly pushed the recent semiconductor boom towards bust. Intel reported an 85 per…

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Chinese Workers Flee iPhone Factory After Covid Outbreak

Chinese Workers Flee iPhone Factory After Covid Outbreak

Nathan Jolly October 31, 2022 No Comments

Workers are breaking out of Apple’s largest iPhone assembly factory in China, after a COVID-19 outbreak forced upwards of 200,000 workers to be locked down at the workplace with insufficient…

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Smartphone Market Down For Fifth Straight Quarter

Smartphone Market Down For Fifth Straight Quarter

Nathan Jolly October 28, 2022 No Comments

Global smartphone shipments are down 9.7 per cent, marking the fifth straight quarter of year-on-year declines. According to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, global shipments…

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YouTube Takes On TikTok With Big Redesign

YouTube Takes On TikTok With Big Redesign

Nathan Jolly October 28, 2022 No Comments

YouTube has launched a complete redesign, which involves splitting its content into various sections, in a clear bid to compete in the short video space with the ever-growing TikTok. Parent…

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Musk Explains His Motivation In Buying Twitter

Musk Explains His Motivation In Buying Twitter

Nathan Jolly October 28, 2022 No Comments

With hours to go before he is expected to buy Twitter for roughly A$68 billion, Elon Musk has explained his motivations for buying the social media platform. Ostensibly a rallying…

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Shopify Soars 17% After “Great Reopening”

Shopify Soars 17% After “Great Reopening”

Nathan Jolly October 28, 2022 No Comments

Shopify has posted an adjusted net loss of A$46.5 million for the third quarter, but with healthier revenue and smaller-than-expected operating losses, stock in the Canadian online retailer has soared.…

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Aussies Too Lazy To Switch Telcos

Aussies Too Lazy To Switch Telcos

Nathan Jolly October 28, 2022 No Comments

A new survey has shown that Australians rarely switch telcos despite the easy savings available to them. The annual EFTM Mobile Phone Survey, which surveys 2,000 Australians about their mobile…

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Samsung Profits Fall 23% As Chips Pile Up

Samsung Profits Fall 23% As Chips Pile Up

Nathan Jolly October 28, 2022 No Comments

Samsung enjoyed record third quarter revenue but weak demand for memory chips, mobile phones and TVs saw operating profits drop 23 per cent. Total consolidated revenue was a record for…

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Cost-Of-Living Pressures Benefit Bunnings, Kmart: Wesfarmers Boss

Cost-Of-Living Pressures Benefit Bunnings, Kmart: Wesfarmers Boss

Nathan Jolly October 28, 2022 No Comments

Wesfarmers CEO Rob Scott says the rising cost of living has seen value-conscious shoppers head to Kmart and Bunnings. Speaking after the Perth-based conglomerate’s annual general meeting this morning, Scott…

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Apple Announces Record Quarter, But iPhone Demand Waning

Apple Announces Record Quarter, But iPhone Demand Waning

Nathan Jolly October 28, 2022 No Comments

Apple has reported another record quarter, with most divisions up compared to last September. But while A$139.6 billion in revenue and earnings of A$2 per share are cause for celebration,…

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