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Chinese company Lenovo, one of the world's largest personal computer manufacturers, following the results of the fiscal quarter ending June 30, reported a net profit of $77 million against a net loss of $72 million a year earlier. Positive results were achieved due to increased profitability of all major divisions. Revenues amounted to 11 billion 913 million dollars, having increased by 19%. In the segment of mobile devices that became unprofitable after the purchase of Motorola Mobility from Google in 2014, the company reduced operating expenses by more than $100 million and provided new products. The operational loss from operations on release of mobile devices was reduced 2 times. The revenue of the department in the sphere of data centers grew by 67.8%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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