Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.» Read More
NEC said that it would quit making smartphones, acknowledging that it had lost sight of the development of mobile technology. The New York Times reports.
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Apple is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter.
Japan's benchmark Nikkei shed as much as 1.5 percent on Tuesday after the Bank of Japan (BOJ) disappointed investors in its monetary policy statement.
Asian stocks rose on Monday with Japan's benchmark Nikkei rebounding on the back of a strong gross domestic product (GDP) revision and a weaker yen.
Japan's benchmark stock index moved out of bear market territory on Friday following comments by Japan's Government Pension Investment Fund (GPIF) that shook Tokyo financial markets minutes before the close of trade.
Asian stocks fell to new lows on Thursday, as sentiment remained vulnerable due to ongoing volatility in Japan's benchmark index, fears of Fed tapering and caution ahead of key central bank meetings in Europe.
In another volatile afternoon session, the Nikkei tumbled 3.8 percent to a new two-month low on Wednesday while the yen inched higher after Prime Minister Shinzo Abe's third "Abenomics" arrow failed to impress investors.
Overtaking Apple as the world's leading maker of smartphones has stretched Samsung's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.
The Nikkei resumed its market out-performance on Wednesday, rising to a fresh five-and-a-half year high as a weaker yen hovers around the 102 handle while other Asian stock markets pared initial gains.
Calls by an American billionaire investor for a break-up of Sony could mark the start of the third leg of Abenomics: shaking up corporate Japan by removing regulations that have hurt profitability.
Japanese display maker Sharp will aim to boost sales to the iPhone maker's rival Samsung Electronics under a three-year rehabilitation roadmap.
Shanghai stocks fell to a one-week low on Tuesday amid fears that the People's Bank of China would not provide monetary stimulus to support the economy while Asia's other equity markets were mixed ahead of Australia's budget release.
Sharp said it expects to rebound to an operating profit in the year to March 31 as it battles to remain viable after averting failure last year.
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Australian stocks approached their highest levels in nearly five years on Wednesday after China's trade balance swung to a surplus in April while Japan's benchmark Nikkei remained the region's out performer, extending gains to hit a fresh near five-year high.
Australian stocks retreated from Tuesday's four-and-a-half-year high after Chinese manufacturing data revealed the nation's economic recovery may not be on solid footing while the Nikkei 225 extended losses as the yen strengthened.
Sharp, Japan's leading maker of liquid crystal displays posted a worse than forecast 500 billion yen ($5.1 billion) net loss as panel plants asset write offs crimped its bottom line.
Samsung, with a $110 million investment in cash-strapped Sharp, will broaden its supplier base and get a foot in the door at one of Apple key Asian display suppliers.
Samsung Electronics is set to invest about $110 million in struggling Sharp, a deal that will ensure it a smooth supply of large-sized TV panels and help bolster the Japanese company's chances of survival.