The net profit of Panasonic, one of the leading consumer electronics manufacturers, increased by 18% year-on-year in the first financial quarter, which ended in June, to 57 billion 400 million yen. Operating profit was 100 billion yen, increased by 19% over the year. The revenue of the Japanese company increased by 8% to 2 trillion yen. Panasonic confirmed the revenue forecast for the current fiscal year at 8 trillion 300 billion yen, the operating profit forecast -a t the level of 425 billion yen.
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
Tesla Inc. (TSLA) said on Tuesday that it had signed a three-year pricing agreement with Japan’s Panasonic Corp. (6752.T) for the manufacturing and supply of lithium-ion battery cells at the Gigafactory in Nevada. Tesla ...
On Thursday, the semiconductor manufacturing company Broadcom Inc. (AVGO.O) posted its second-quarter revenue estimates worth $5.742 billion and suggests a delay on the Apple Inc.’s (AAPL.O) iPhone 12 launch on the first week of September ...