Nokia shares jump after cull of low-margin business sees earnings beat

HELSINKI/STOCKHOLM (Reuters) - Finnish telecom network equipment maker Nokia reported an unexpected rise in second-quarter underlying profit on Friday as it took on less low-margin business particularly in China, sending its [...]

2020-07-31T22:00:15+00:00July 31st, 2020|Sector news|

Samsung sees pickup in chip demand from new phones, second quarter profit jumps

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said on Thursday it expects a further pick-up in chip demand in the second half of the year, driven by new smartphone launches, [...]

2020-07-30T20:00:36+00:00July 30th, 2020|Smartphone brands|

Huawei overtakes Samsung as top handset maker thanks to robust China sales

SHENZHEN (Reuters) - China's Huawei Technologies snatched the title of biggest smartphone seller from Samsung Electronics (005930.KS) in the second quarter, underscoring the resilience of the China market even as global [...]

2020-07-30T15:02:19+00:00July 30th, 2020|Smartphone brands|