Articles about electricals

Apple receive an iPhone boost despite a profit slump
Photo credit: Apple

Apple Inc surpassed Wall Street expectations on Tuesday when sales of its marquee product, the iPhone, soared 51 per cent, propelling its stock up 5 per cent despite profit falling. Although the result may reaffirm the company’s presence in the highly coveted smartphone market, overall profit took a 22 per cent dip as gross margins slid below 37 per cent.

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Carphone Warehouse calls in 10% Q1 sales boost

Carphone Warehouse has posted a strong start to the year with first-quarter organic sales up by an impressive 10.6 per cent.

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Philips reports Q2 profit rocket

Philips has reported a net profit increase to EUR 317 million from EUR 102 million a year earlier thanks to robust consumer sales in emerging economies.

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Panasonic to plead guilty to price-fixing allegations

Panasonic has agreed to plead guilty to allegations of price-fixing according to the US justice department.

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Apple dodged UK corporation tax in 2012, it emerges

The technology giant paid no corporation tax whatsoever in the UK in 2012, it has emerged.

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Nokia spends €1.7bn on 50% stake in Siemens

As part of plans to raise its presence in the mobile networks sector, Nokia, which was formerly in search for a buyer for its 50 per cent stake due to operating losses, has surprisingly reported that it is to acquire 50 per cent stake in Siemens.

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Samsung’s shares drop 3% to a 9 month low
Photo credit: Samsung

South Korean multinational electronics company Samsung reported a 3 per cent drop in shares on Wednesday, representing a 9 month low for the firm. The news comes as investors prepare for weaker earnings from Samsung, more than forecasted for the period of April to June. Shinhan Investment Corp has joined a number of brokerages in cutting its price for the tech giant, adding that it predicts that the smartphone company’s shipments and earnings will be lower than expected.

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Former Comet owners said to be in talks to buy the retailer’s tax losses

Yet more controversy as it emerges Hailey Acquisitions Limited, the company that purchased Comet for £2 back in 2011, is in talks to buy the retailer’s tax losses. It’s not the first time Hailey’s dealings with Comet have raised eyebrows. Back in 2011, the private equity firm bought Comet for £2 from its previous owner, Anglo-French electrical chain Darty.

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Samsung and Apple embroiled in patent dispute

Samsung Electronics Co Ltd and Apple Inc are currently locked in a patent dispute regarding Apple’s “bounce-back” feature on earlier models of its popular smartphones.

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John Lewis and Waitrose buoyant after sales growth
Photo credit: John Lewis

John Lewis go from strength to strength this week following a 7.5 per cent growth in sales ahead of last year. Meanwhile, sister company Waitrose, boosted by a 25 per cent off wine and champagne promotion, recorded sales growth of 14.1 per cent. The John Lewis weekly sales report claims that sales across Home, Fashion and EHT all saw healthy growth boosted by Father’s Day sales.

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