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Google reports lower revenues, first even profit decline in Q2
2020-07-31 09:19:00| Telecompaper Headlines
(Telecompaper) Google's parent Alphabet reported lower revenues and its first ever revenue fall during the second quarter, even as the company's ad business started to recover amid the coronavirus pandemic.
Comcast signs up over 10 mln Peacock users as pay-TV losses accumulate in Q2
2020-07-30 13:52:00| Telecompaper Headlines
(Telecompaper) Comcast reported lower results for the second quarter, as the Covid-19 pandemic impacted its TV, films and theme parks business. The cable business in the US managed stable revenues, helped by record growth in broadband customers, while Sky lost customers, hurt by the disruption to sports schedules and store closures.
Huawei takes top spot in global smartphone market for first time in Q2
2020-07-30 09:49:00| Telecompaper Headlines
(Telecompaper) Despite the US restrictions on the company, Huawei has succeeded in taking the top spot in the global smartphone market, according to figures from Canalys. The market researcher estimates Huweai shipped more smartphones worldwide than any other vendor for the first time in Q2 2020, marking the first quarter in nine years that a company other than Samsung or Apple led the market.
Orange trims FY outlook as revenues, EBITDA turn lower in Q2
2020-07-30 09:36:00| Telecompaper Headlines
(Telecompaper) Orange said its business remained resilient in the second quarter, despite the global health crisis. Growth in France and the Middle East helped offset weakness in other European markets and the enterprise segment. Nevertheless, underlying results were slightly lower, and the French operator downgraded its full-year forecast for EBITDA, as the coronavirus weighs on results.
Samsung improves margins on lower sales in Q2, sees gradual recovery in H2
2020-07-30 08:45:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported higher earnings for the second quarter, helped by continued demand for its memory chips as well as a one-time gain at its display business. This helped offset the slump in the smartphone market and overall weaker consumer demand in April and May. Samsung said it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, helped by the launch of new products.
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