Company 10k reports

A million panels isn't a huge supply compared to the ~350 million smartphones sold annually, but that is about the size of the foldable market in these early days. Canalys' last numbers said 1.74 million foldables were sold from September 2019 to June 2020, which represents the first generation of foldables, before the launch of the Galaxy Z Fold 2. Samsung hopes to see that number grow a lot in 2021, with ETNews reporting Samsung Display will supply 10 million foldable displays to the phone division … [Read more...] about Samsung’s reportedly ready to supply foldable displays to rival companies

A Friday report from Re/code cited "multiple sources" in saying that most of Twitter's departments will be hit with layoffs starting next week. Those sources did not specify numbers or percentages of staff, but they did point to Twitter's plans to "restructure" its engineering staff, which may affect how the alleged firings play out in all. When asked to comment on the report, a Twitter representative told Ars that "we’re not commenting on rumor and speculation." … [Read more...] about Report: Twitter prepping for “company-wide layoffs” next week

Clone company investment scams go beyond typical phishing emails or dubious social media links promising an immediate return on your cash. Fraudsters use the same name, address, and Firm Reference Number (FRN) issued to authorized investment companies by the FCA and then during phishing, social media, and cold-call messages they send sales materials containing links to legitimate company websites.  … [Read more...] about National Crime Agency warns novice and veteran traders alike of rise in clone company scams

All told, Apple said it notched profits of nearly $28.8 billion, up about 30% from the same period last year.  That translates to $1.68 per share in profit, from $111.4 billion in overall revenue, which itself was up more than 21% from the $91.8 billion reported last year. It was also enough to beat average analyst estimates, which were $1.41 per share in profits, from $103.3 billion in revenue, according to surveys published by Yahoo Finance. … [Read more...] about Apple’s iPhone 12 led to largest revenue and profit in company history

The Mac also rose—21 percent in this case, up to $8.68 billion. (This quarter included the launch of the M1 Macs.) And a catch-all for all other products, of which wearables like the Apple Watch and AirPods make up a significant part, grew 29 percent year-over-year to $12.97 billion. … [Read more...] about Apple reports double-digit sales booms for every product category in Q1 2021