Samsung says profit slid 60 percent year on year

Samsung Electronics’ first-quarter operating profit slid around 60 percent year-on-year off revenue that declined by about 14 percent, according to preliminary guidance, further illustrating the company’s struggle with falling chip prices. The company had already issued an unprecedented warning last week that its earnings would be lower than market expectations. Total sales are expected to come in at 52 trillion won ($45.7 billion), with operating profit of around 6.2 trillion won ($5.5 billion), according to a statement. Samsung provides these figures alone at the start of each quarter, issuing a more…

Read More

Apple is offering 10 percent bonus to users who add money to their Apple ID

Apple has a sweet surprise for all its users. The Cupertino, California-based company, as a part of a new promotional offer, is giving 10 per cent bonus to users who add funds to their Apple ID accounts. According to a report by Mac Rumours, the company is offering 10 per cent bonus to all those who use their credit or debit cards to add money to their Apple IDs. This includes making iTunes, App Store, and iCloud purchases.   As per the screenshot shared by the publication, the offer is…

Read More