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Electronic Equipment Instruments and Components

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  • SEOUL, Jan 29- South Korea's Samsung Electronics Co Ltd said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm's first annual earnings decline in three years. The world's top smartphone maker reported a fourth-quarter profit of 5.3 trillion won, compared with a 5.2 trillion won profit it guided for earlier this...

  • SAN FRANCISCO, Jan 28- Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower. The San Diego, California, company also warned that "challenges" with another of its chips had hurt its competitiveness in China, where Qualcomm has been...

  • SAN FRANCISCO, Jan 28- Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower. Qualcomm posted higher fiscal first-quarter revenue that beat analysts' expectations as a year-long antitrust investigation in China weighed on...

  • NEW YORK— For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices. The world's biggest online social network said Wednesday that advertising revenue jumped 53 percent to $3.59 billion for the fourth quarter—...

  • Mobile provider TracFone to pay $40M in federal settlement Wednesday, 28 Jan 2015 | 12:05 PM ET

    WASHINGTON— The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service. The Federal Trade Commission said Wednesday that TracFone's advertising promised unlimited data, but the company then drastically slowed...

  • CommScope snags TE Connectivity's network gear unit Wednesday, 28 Jan 2015 | 9:22 AM ET

    CommScope said it would buy nearly all of Swiss electronics firm TE Connectivity's network gear business for about $3 billion.

  • Jan 28- Telecom equipment maker CommScope Holding Co Inc said it would buy nearly all of Swiss electronics firm TE Connectivity's network gear business for about $3 billion to expand in Europe and Asia. The deal will help CommScope expand in overseas markets. CommScope said it would finance the deal through cash and up to $3 billion in debt.

  • Jan 28- Telecom equipment maker CommScope Holding Co Inc said it will buy Swiss electronics firm TE Connectivity's network equipment business for about $3 billion in cash to expand in Europe and Asia. The transaction is expected to close by the end of 2015.. The deal will add to CommScope's adjusted earnings in excess of 20 percent by the end of the first full year...

  • TE Connectivity beats 1Q profit forecasts Wednesday, 28 Jan 2015 | 6:12 AM ET

    SCHAFFHAUSEN, Switzerland _ TE Connectivity Ltd. on Wednesday reported fiscal first-quarter profit of $472 million. For the current quarter ending in March, TE Connectivity expects its per-share earnings to range from 98 cents to $1.02. TE Connectivity expects full-year earnings in the range of $4.05 to $4.35 per share, with revenue ranging from $14.45...

  • SHANGHAI, Jan 28- Apple Inc is steering clear of Chinese rival Xiaomi Inc's low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the fast-growing No.3 global smartphone maker. "In the long run Xiaomi is more of a threat to Apple than say Samsung," said Ben Thompson, analyst at Stratechery.com. Instead, Apple plans to...

  • Shares in Apple suppliers leap on record results Wednesday, 28 Jan 2015 | 3:51 AM ET

    LONDON, Jan 28- Shares in European companies that supply parts to Apple Inc leapt on Wednesday after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China. It not only provides Apple with chips but also Samsung, and they get all the royalties, "said Beaufort Securities sales trader Basil...

  • SHENZHEN, China, Jan 27- Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, would like to slim its massive workforce with the help of automation, and for now will work on stabilising its headcount, the company told Reuters. Under its flagship unit Hon Hai Precision Industry Co Ltd, the group currently employs about 1.3...

  • SHENZHEN, China, Jan 27- Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, would like to slim its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in China. Under its flagship unit Hon Hai Precision Industry Co Ltd, the group currently employs about 1.3...

  • TOKYO, Jan 28- Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday. Sony, which has cut its earnings forecasts six times on Hirai's watch, has forecast a 230 billion yen net loss for the business year to March, suspending dividend...

  • SAN FRANCISCO, Jan 27- Freescale Semiconductor Ltd gave a revenue forecast for the current quarter above Wall Street's expectations, and its shares rose 12 percent in extended trade as its chief executive pointed to growing demand from automobile makers for its chips. Freescale makes chips used in a broad range of markets, including consumer products,...

  • Jan 27- Electronic Arts Inc, publisher of the "FIFA" and "Madden NFL" video games, posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles. Consumers lapped up heavily discounted older generation version of consoles such as Microsoft's Xbox 360 and Sony's PlayStation 3 in the holiday...

  • Jan 27- Apple Inc quarterly results smashed Wall Street expectations with record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China, although the United States remained the top iPhone market. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China...

  • Jan 27- Electronic Arts Inc, publisher of the "FIFA" and "Madden NFL" video games, posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles. "We anticipate freemium versions of EA's hit franchises could be very successful and believe EA's mobile growth could outpace the rapidly expanding...

  • Sony to cut 1,000 jobs in smartphone business - Nikkei Tuesday, 27 Jan 2015 | 2:28 PM ET

    Jan 27- Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony's mobile division workforce will shrink by about 30 percent to 5,000 by the end of the fiscal...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...