eBay Short Fall, PayPal Exceed Expectation
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October 24, 2019
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eBay has reportedly fallen short of estimations following the release of its revenue forecast for its fourth-quarter sales, while former subsidiary PayPal... Read More
Microsoft Tops Projections Despite Slowing Sales
Microsoft has topped Q1 analyst projections, posting double-digit gains in sales and profits thanks to solid earnings in Azure cloud programs and... Read More
Regulators Oust Outage Culprits
Australia’s retail banking sector and payment systems operators will have nowhere to hide as they face up to reveal public outage severity... Read More
Australians Feel Financially Worse Off
Australian’s are reportedly still feeling worse off despite consumer confidence rising by 0.3%. According to an ANZ survey reported by InsideRetail, optimism... Read More
Facebook Open To Currency-Backed Stable Coins For Libra
Facing growing scepticism over its Libra digital currency project and major backers deserting the project, Facebook says it will consider a system... Read More
Gerry Harvey & Directors Buys More Shares In Harvey Norman After Value Tanks
A Change of Director’s Interest Notice issued today has revealed a mass purchase of shares by Harvey Norman’s board of directors, with... Read More
Seven Sells Pacific Mags To Bauer For $40m
Seven West Media has sold publisher Pacific Magazines to Bauer Media for a reported $40 million as the television network shifts to... Read More
David Teoh Not Independent Says TPG
TPG Telecom Limited has called Mr Teoh “not independent” in a Corporate Governance Statement to the ASX alongside the company’s annual report... Read More
Canva Nudges $5bn Valuation
Australian graphic design software company Canva said it has no short-term plans for a stockmarket float, instead raising US$85 million ($125 million)... Read More
Hisense Profits Fall As They Come Under Pressure In TV Market
Hisense Australia, who have been under pressure in the TV market due to falling margins has reported a slump in profits despite... Read More
Huawei Shows “Continued Growth” Despite US Ban
Huawei’s Q3 earnings report has been released and shows continued growth in terms of sales despite ongoing trade tensions with the US... Read More
Harvey Norman Capital Raising Goes Pear Shaped As JB Hi Fi Soar
The $173 Million capital raising by Harvey Norman that was set to be used to pay down its debts and shore up... Read More
Global PC Market Posts Record Growth, Lenovo & HP Top Performers
After years of slow-to-no growth, the global PC market (desktops, notebooks and workstations) grew by 4.7% over the third quarter of 2019... Read More
OECD Tech Giants Tax Plan
International economic body, the OECD, has published new proposals aimed at making global tech companies pay more tax. The proposals would give... Read More
Oz Consumer Confidence Slips
Consumer confidence has reportedly slipped to a four year low as concern rises over the Reserve Banks decision to cut interest rates... Read More
Vodafone Move To Close Stores As Consumers Buy Online
Vodafone who’s Australian operation is trying to merge with TPG has moved to close hundreds of stores. The global carrier is set... Read More
Afterpay Shares Tipped To Tumble As Visa, Mastercard Join Market
Australian buy now-pay later outfit Afterpay has been going great guns – but it could see its shares halved in value as... Read More
Samsung Expects Q3 Profits To Drop 56%
Samsung has reported that due to the downturn in global memory chip prices, the company is expecting its third-quarter operating profit to... Read More
After Appliances & Connected Home Winnings, Moves Into Employment Software
Winnings, better known for appliances is diversifying into software after earlier this year investing in connected home instalations. Winning Group boss John... Read More
Oz Retail Market Up Despite Gloom
Australian retail sector activity reportedly increased in September according to a survey of the services industry suggesting it may not be all... Read More
Amazon Oz Sales To Crack $23bn In A Decade
According to a new report, Amazon’s Australian sales has already more than doubled this year alone and is tipped to reach around... Read More
PayPal, Visa, Mastercard Wary Of Facebook Libra
PayPal, Visa and Mastercard are reportedly on the verge of quitting Facebook’s digital currency project called Libra, as the social media giant... Read More
Recession Fear: Oz Tech Shares Follow The Leaders Down – Again
Australian technology shares yesterday traded sharply lower for the second day in a row, reflecting rising fears of a global recession, kicked... Read More
Specialist Audio Channel In Crisis As Credit Card Rates Soar & Dollar Falls
The specialist audio channel is in crisis according to distributors that ChannelNews has spoken to with the fall in the Australian dollar... Read More
Kogan Launch Credit Cards With Rewards Program
Kogan has expanded into the credit card market with the launch of its new Black Card, which can offer Australians rewards for... Read More
Apple Optimism Grows With Share Price
Apple shares have reportedly risen to 2.5% below an all-time closing high in the US following strong demand for the newly released... Read More
Acer Tips APAC Sales Growth
Taiwanese laptop maker Acer says it is expecting to return to a growth track in the second half of the year, after... Read More
Afterpay Shares Surge 14% Post AUSTRAC Update
Afterpay Touch Group’s share price has risen as much as 14.3% in morning trades following the release of an update related to... Read More
Netflix Shares Drop To Lowest Since 2012 As “Streaming Wars” Loom
Netflix is officially in the red for 2019 with shares dropping as much as 5.1% on Tuesday – its deepest quarterly decline... Read More
EXCLUSIVE:Questions Raised About B&O’s Future & Aqipa
Serious questions are being raised about the future of the Bang & Olufsen brand in Australia, along with the future management of... Read More
Microsoft In $40bn Buyback
Microsoft has authorised another US$40 billion for share buybacks and will raise its quarterly dividend. In the fiscal year ending June 30,... Read More
Apple Invests $250m To iPhone Glass Supplier
Apple has announced it is awarding $250 million from its Advanced Manufacturing Fund to Corning Incorporated, supplier of precision glass for iPhones,... Read More
Apple Returns To $-Trillion Club
Apple has climbed back into the US$1 trillion market cap, following this week’s announcement of a grab-bag of new products, including the... Read More
After Trying Dairy Farming & Failing Gerry Harvey Now Has A Crack At Copper Mining
hen retail gets tough how about an investment in copper mining, Gerry Harvey who lost a motza investing in a dairy farm... Read More
David Jones & Myer Tipped To Merge, CE & Audio Suppliers Set To Hit
Specialist audio and CE distributors face being hit if a proposed plan to merge David Jones and Myer happens. Currently several specialist... Read More
Harvey Norman Indigenous Debt Scandal Cost Latitude $2.5M
A Harvey Norman salesman who falsified information to sign up Indigenous customers to store credit cards triggered a $2.5 million write-off for... Read More
Money Laundering Watchdog Set To Monitor Facebook Libra
Global anti-money laundering watchdog, the Financial Action Task Force (FATF) , says it will closely monitor developments surrounding Facebook’s planned Libra cryptocurrency.... Read More
HTC’s August Revenue Up 67%
Despite showing weak financials over the last few years, HTC has reported revenues of $23.52 million for August, up 66.8% on month,... Read More
Former Telstra CEO David Thodey To Chair Tyro
Australia’s fifth largest EFTPOS provider Tyro will appoint former Telstra CEO David Thodey AO chairman ahead of an expected IPO, which could... Read More
TPG Profit Down 56% After Axed 4G Plan
TPG Telecom’s decision to cease building Australia’s fourth 4G network has cost the company dearly, with profit more than halving. Profit for... Read More
Latitude Pay Launches With Harvey Norman
After announcing it would seek to raise capital in order to pay out more in dividends, Harvey Norman will soon give the... Read More
Harvey Norman To Pay Out More In Dividends Than They Earn In Profits
Harvey Norman has moved to capital raising with the Company set to pay out more in dividends than it earns in profits.... Read More
AmberTech Profits Slump As CE Business Goes Pear Shaped
Continuing declines in sales of AV and Consumer Electronics goods has hit Sydney based distributor Ambertech with the Company reporting a massive... Read More
Dell Beat Estimates To Report $23.4bn Revenue
US computer maker Dell Technologies has beaten estimates to post a nearly US$23.4 billion in revenue for the second quarter. But the... Read More
Trade War Hurts Autodesk
Software company Autodesk says the US-China trade war could hurt its financials in Q2, despite reporting revenue of US$797 million in the... Read More
Aussie Shares $15m E-Games Prize
A European team with an Aussie member has become the first to win one of the highest-profile and most lucrative video games... Read More
MacTel Net Profit Takes A Hit
Macquarie Telecom has posted FY net profit after tax down three percent to $16.5 million, compared to a profit of $17 million... Read More
Flexigroup, Afterpay Expand BNPL With Mastercard, Visa
Humm owner Flexigroup has announced a new deal with Mastercard to make the company’s buy now, pay later services available in more... Read More
Amaysim Stock Sinks On $7.4M Loss
Australia’s largest mobile virtual network operator Amaysim lost $7.4 million last financial year thanks to increased competition and the acquisition of Click... Read More
Global 5G Network Revenues To Reach $4.2bn In 2020: Gartner
IT researcher Gartner says worldwide 5G wireless network infrastructure revenues will reach US$4.2 billion, in 2020, an 89% increase from $2.2 billion... Read More
