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Microsoft Reports Growth In Its Cloud Business But Warns Of Continued Supply Woes For Xbox

Global supply chain issues will continue to plague critically important business divisions of Microsoft Corp like those that manufacture its Surface laptops and Xbox gaming consoles, warned the company even while anticipating a solid end to the calendar year driven by its burgeoning cloud business....

Work-From-Home Boom Helps Growth In Logitech’s Quarterly Sales

Computer peripherals maker Logitech International SA reported a continued increase in demand for its products primarily from customers hunkered at home either working or studying resulting in the company registering growth in sales for its second quarter.    There was a 4 per cent rise...

With Its Ad Business Slowing, Facebook Invests Billions In Metaverse

Social media company Facebook Inc will now begin making public financial performance of the augmented and virtual reality labs of the company, the company said on Monday. The company invests billions in its plans for these labs to develop the "metaverse."   The company also said that...

Supply Chain Issues Would Be Stabilized This Quarter, Hopes Daimler CEO

The German auto-making giant Daimler AG expects to stabilize its supply chain for semiconductor chips during this current quarter, said the company’s Chief Executive Ola Kaellenius.   However, the company also anticipates that it would not be until 2023 that the global auto industry will see...

China's Evergrande Avoids A Debt Default While Indicating Business Focus Shift

According to reports quoting sources with information, China Evergrande Group has apparently managed to have avoided a default with a last-minute bond coupon payment, giving it another week to deal with a debt crisis hanging over the second-largest economy of the world.   In the future, it...

US FDA Approves Roche's Implant For Chronic Eye Disorder

The United States Food and Drug Administration granted permission to Roche Holding AG for its eye implant used for treating a chronic disease that causes impaired vision. This will now provide patients with an alternative of having to take monthly eye injections under the currently available...

More Time Needed For Tesla’s New Factories To Ramp Up Production

After beating Wall Street forecasts for third-quarter revenue driven by record deliveries, United States based electric car maker Tesla Inc has said that there would be pressure on its margins because of forthcoming plants and supply-chain challenges.   Compared to its competitors, Tesla,...

Renault Will Have A Bigger Production Cut Due To Chip Shortage: Reports

Carmakers around the world are troubled with the shortage of semiconductor chips and many have already downgraded their targeted production for the current year.   The latest to join the list is the French carmaker Renault.   The global scarcity of semiconductor chips has forced the...

Its In-House Developed ARM-Based Server Chip Unveiled By Alibaba

A new processor that it will use for powering its servers in its data centers has been developed by Chinese tech giant Alibaba Group Holding Ltd, the company announced on Tuesday.   This is the latest move by the Chinese firm into the sphere of semiconductors which is in line with what a...

Bloomberg Estimates Value Of Netflix's 'Squid Game' At About $900 Mln

According to a report by Bloomberg News, the estimated value of the "Squid Game," the biggest original online streaming series launched by Netflix Inc, is almost $900 million for the streaming giant.   The valuation estimation was based on figures from an internal Netflix document.  ...

Product Recall And Parts Shortages Prompts Philips To Lower Outlook

The third-quarter earnings of the Dutch health technology company Philips were severely hit by a severe global shortage of electronic components and a huge recall of the company’s respiratory devices which prompted the firm to lower its forecast for sales and profit growth in 2021 in an...

Taiwan's Foxconn Unveils Prototypes Of Three Electric Vehicle

The Taiwanese electronic giant Foxconn unveiled its first three electric vehicle prototypes on Monday. The event strongly reflected the high ambitions of the tech company to diversify into a sector other than what it is best known for – making producing consumer electronics for Apple Inc. and other...
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