Apple Inc has entered into a long-term supply agreement with Toshiba Corp for NAND-type flash chips in a sign that the chip market could be on the road to recovery.
Apple made a $500 million prepayment to the loss-making Japanese chipmaker at the beginning of July, a transcript of Apple's conference call with analysts on its consensus-beating results on Tuesday showed.
Apple's profit margin and sales of its iPhones and Macs in the April-June quarter beat analysts' expectations, and the firm is looking to lock in component supplies and prices, Reuters reports.
Apple posted a 12 percent gain in sales and a 15 percent increase in third-quarter profit, even as other technology companies cope with waning demand from consumers and businesses. Yahoo! Inc. , owner of the second most-visited group of Web sites in the U.S., reported sales yesterday that failed to top analysts’ estimates. The company’s forecast also signaled that demand for online advertising isn’t recovering , Bloomberg reports.
The technology bellwether not only beat analysts' consensus sales and profit estimates for its fiscal third quarter ended June 27, but it reported its second-best results ever on July 21 for a quarter that didn't include the winter holiday season. Revenues were up 12% from a year ago and profits jumped 15% as consumers snapped up iPhones and Macintosh computers, BusinessWeek reports.
One hundred years ago today ended the most grueling of wars involving disgusting conditions for soldiers and at least 17 million deaths. We learnt nothing.
Russia has been developing an energy module on the basis of the megawatt-class nuclear power plant since 2010. The spaceship needs neither sunlight nor solar batteries