Apple will expectedly post new record earnings in its fourth fiscal quarter after the launch of its iPhone 5, according to industry analysts’ forecast.
IHS senior analyst Wayne Lam spoke ahead the launch of iPhone 5 that Apple’s latest smartphone will stop its dropping sales figures.
For the second quarter of this year, Apple iPhone shipments declined 26 percent down to 25 million units, a sizeable drop from the 35 million in the first quarter.
“Apple’s smartphone shipments …

Dutch electronics company Philips has revealed plans to cut another 2,200 jobs worldwide and a 383.6 million USD cost savings as part of an ongoing operational improvement program.
“We continue to focus on improving the performance of our company, and we are making good progress. The identified additional overhead cost-reduction measures will help us mitigate the effects of macro-economic headwinds and changes in pension cost accounting, while making us a more agile innovation company …

Kodak has unveiled plans to retrench and lose 1,000 more employees to save $330 million.
In February, the struggling bankrupt company revealed departure plans from its digital imaging business, and now it announces cutting another 1,000 jobs to lessen its payroll.
Eastman Kodak has cut down its workforce by as much as 2,700 people since the year started.
“Kodak is becoming a more focused and competitively scaled company,” said Antonio Perez, CEO of Eastman Kodak.
“We recognize …

HP has divulged plans to lay off 2,000 more employees than its previous expectation.
The additional job cuts found in a regulatory filing brings the American multinational company’s total layoffs to 29,000 through October and may cost up to $3.7 billion.
“These initiatives build upon our recent organizational realignment, and will further streamline our operations, improve our processes, and remove complexity from our business. While some of these actions are difficult because they …

Huawei has denied involvement in espionage and related illegal activities after Australia’s decision to drop the Chinese telecoms equipment maker from its list of broadband network bidders.
The company’s report says it has “never damaged any nation, or had the intent to steal any national intelligence, enterprise secrets or breach personal privacy” and promises to avoid any form of illegal behavior among its employees.
Huawei’s statement came after the federal government of …

Blogging is a great way to make money online from the comfort of your home writing about what you love. While this online business idea can get you money in the bank, this can only happen if you have readers who visit your blog regularly to read your content. Needless to mention, you need to have a good number of visitors and they need to bear some of the following qualities;
- Consistent
- Reliable
- Great conversationalists
- Good commenters
It is not impossible to find a following on the …

AT&T today announced the opening of their new store at Magnificent Mile, Chicago. This Michigan Avenue store is said to be the embodiment of their advertising tagline “It’s what you do with what we do.” AT&T retail sales and service president Paul Roth said that the new store will provide customers the opportunity to explore the new technology offered by the AT&T brand as well as other products and services offered by all the 2300+ retail stores …

Lexmark will close its inkjet printer business operations and lay off 1,700 employees.
The American printer maker has decided to focus on its more profitable imaging and software businesses, raising its shares by 20 percent.
Closure of Lexmark’s inkjet printing operations highlights how printer makers continue to struggle against the burgeoning adoption of smartphones and

Hewlett-Packard (HP) on Wednesday reported a massive net loss for its fiscal third quarter while it forecast weak performance for the next quarters.
According to HP, it lost $8.9 billion for the period stemming from losses in all its core business units except for its Software unit.
Aside from declines in most of its business units, massive accounting write-downs linked to job cuts and a failed acquisition contributed to this net loss.
The loss is the worst in the 73-year history of the Silicon …

Acer is now the third largest maker of PCs worldwide after revealing its preliminary fiscal results for Q2 2012.
Regardless of its rapid rise on the rankings of the world’s top PC OEMs from fourth to third place, the Taiwanese consumer electronics giant unveiled small profits as it hardly accumulated $14.48 million, which still is an increase from the $11.2 million profit last quarter.
The financial result for the second quarter is also the second positive one since Q4 2011, when it suffered …