2 Jan 2020 07:37
Apple inks licensing deal with Imagination Technologies
(Sharecast News) - Apple has inked a new supply deal with Imagination Technologies for its graphics processing units.
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Don't have an account? Click here to register.Apple crunched as iPhone's quarterly sales fall for first time
Wed, 27th Apr 2016 06:35
(ShareCast News) - Apple lost a titanic $46bn in market value as its shares fell 8% in after-hours trading as the tech company confirmed the iPhone's first ever quarterly decline in sales and so missed analysts' expectations for sales and earnings.Sales of iPhones sank 16% to 51.2m in the three months to March 26 the first fall since it was launched in 2007, leading to revenues at the world's most valuable company sliding 13% to $50.56bn and profits plummeting 22% to $10.5bn.The company's guidance for the current quarter was that revenue would also fall far short of expectations.Apple chief executive Tim Cook insisted that the global smartphone market had not reached an inflection point but rather tar the slowdown in the smartphone market had stemmed from temporary macroeconomic weakness."This too shall pass," Cook said on an analyst conference call, adding that Apple was confident "that the market, and particularly us, will grow again".The CEO said sales had also suffered as fewer existing customers were upgrading because the iPhone 6 was so popular, and he maintained newcomers to the smartphone market were still choosing Apple in large numbers.And Apple said more Android users switched to iPhones in the six months since October than any previous half-year period.Shares in FTSE 100 semiconductor supplier ARM Holdings, for which Apple is a key customer, could be under the cosh on Wednesday, while other companies with a connection to the US tech colossus include Imagination Technologies and Laird.
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19 Mar 2018 15:03
Total renewables unit targets Africa's power-starved mining sector
By Joe Bavier ABIDJAN, March 19 (Reuters) - Total's renewable energy unit said on Monday it had opened the world's largest solar-thermal hybrid plant in the of
Read more12 Mar 2018 14:35
CANADA STOCKS-Toronto stocks edge up, following global markets higher
March 12 (Reuters) - Canada's main stock index rose modestly on Monday, buoyed by improved risk appetite in global markets but declines in energy shares and gold producers
Read more9 Mar 2018 21:24
UPDATE 1-CANADA STOCKS-TSX ends higher alongside global stocks, oil, metals
By Nichola Saminather TORONTO, March 9 (Reuters) - Canada's main stock index closed higher on Friday, lifted by strong gains in oil and metals
Read more7 Dec 2016 09:55
Imagination Technologies boosted by Numis upgrade
(ShareCast News) - Imagination Technologies Group gained as Numis raised its rating on the stock to 'buy' from 'add' and lifted the target price to 310p from 280p following better-than-expected results. The chip maker on Tuesday reported royalty revenues rose 6% and licensing revenues increased 7% i
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6 Dec 2016 08:17
Peter Hill to chair Imagination Technologies
(ShareCast News) - Multimedia, processor and communications technology company Imagination Technologies Group announced on Tuesday it has appointed Peter Hill CBE as non-executive chairman with effect from 1 February 2017, with him joining the board on 1 January. The London-listed firm said Peter is
Read more29 Sep 2016 11:56
Broker tips: Imagination Technologies, Babcock, Sainsbury's
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 10:31
Numis cuts rating on Imagination Technologies to 'add' from 'buy'
(ShareCast News) - Imagination Technologies shares fell on Thursday after Numis downgraded the stock to 'add' from 'buy' after the company sold its Pure digital radio business. The group, which designs chips for iPhones, sold Pure to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt
Read more29 Sep 2016 08:27
Imagination Technologies sells Pure digital radio business for £2.6m
(ShareCast News) - Imagination Technologies said trading in the first quarter continues to be in line with the board's expectations and announced an agreement to sell its Pure digital radio business to Austria's AVenture AT for £2.6m in cash as it looks to reduce debt. The company said the deal also
Read more10 Aug 2016 10:11
Wednesday broker round-up
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
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