Industry – Page 562 – channelnews

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New Nokia Phones Landing in Oz This Week

Roma Christian April 30, 2018 No Comments

Following their unveiling at Mobile World Congress 2018 (MWC), HMD Global has announced the latest suite of Nokia phones will land in Australia this week. The launch beckons the anniversary…

Intel Shines With Q1 Results

Computer Daily News April 30, 2018 No Comments

Intel’s Q1 results have the tech sector buzzing, after the company reported revenue of US$16.1 billion, up 9 percent year-over-year and with an operating profit of $4.5 billion. Intel said…

Sony’s PlayStation A Big Earner

Computer Daily News April 30, 2018 No Comments

Sony has reported that its PlayStation business was a big earner in the Japanese financial year ended March 31, with an operating profit of 177.5 billion yen (A$2.11 billion). Revenue…

Taiwan Says No To ZTE Shipments

Computer Daily News April 30, 2018 No Comments

All Taiwanese companies are being urged to stop trading with Chinese telecom equipment maker ZTE. This comes just one week after the US banned American companies from selling components to…

Samsung Set To Be Upended As Lee Family Restructure

David Richards April 30, 2018 No Comments

A controversial web of Companies that benefit the Lee family and are wrapped around Samsung are set to be untangled in a move that minority shareholders are applauding. According to…

Amazon Takes It Up To Google & Facebook CE Sellers Set To Benefit

David Richards April 30, 2018 No Comments

A battle is brewing in Australia between Amazon, Google and Facebook and right in the middle are distributors and online merchants who use the Amazon web site to sell goods…

Steinhoff Ex-Chairman Sues For $6 Billion

Roma Christian April 27, 2018 No Comments

Former Chairman of South-African furniture and homewares giant, Steinhoff, is suing the retail conglomerate US$4.8 billion (~A$6.35 billion), in a bid to recover investments made between 2015 – 2016. Major…

Wesfarmers Sales Up, Officeworks & Kmart Soar, Target Wobbles

Roma Christian April 27, 2018 No Comments

Wesfarmers has posted a moderate 2.7% Q3 sales increase to $14.85 billion, as performance from Bunnings ANZ, Kmart and Officeworks continues to offset struggling sales from Target and Bunnings UK. Budget department store,…

LG Posts Record Q1 Profit, Home Entertainment Up 76%

Roma Christian April 27, 2018 No Comments

LG Electronics has posted a 20.2% increase in Q1 operating profit, following strong sales from its premium home appliances and TV range, thereby offsetting weak smartphone revenue. In line with previous forecasts,…

Telstra Joins ‘Dodgy Companies Club’ After Massive $10m Fine

Athina Mallis April 27, 2018 No Comments

Telstra has been given a seat at the ‘dodgy companies club’ after being ordered by the federal court to cough up a whopping $10m for making false or misleading representations…