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Anya George Tharakan Bengaluru Editing Business launch Tech Top News 

Activision Blizzard’s FY forecasts get a lift from ‘Overwatch’

August 3, 2017 (Reuters) – Activision Blizzard Inc raised its full-year adjusted revenue and profit forecasts for the second time on Thursday, as the videogame publisher benefits from higher digital sales and the popularity of its multi-player futuristic game “Overwatch”. The company raised its full-year adjusted profit to $2 per share from $1.88 per share and its adjusted revenue forecast to $6.58 billion from $6.33 billion. Analysts on average were expecting a profit of $2.02 per share and revenue of $6.54 billion, according to Thomson Reuters I/B/E/S. Activision also forecast…

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Anya George Tharakan Apple Business launch San Francisco Editing 

Apple shares sail to record high on healthy iPhone sales

August 1, 2017 (Reuters) – Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading. The stock climbed above its intraday record high to $159.10 after the company reported better-than-expected iPhone sales, revenue and earnings per share. The stock price move was expected to help drive the Dow Jones Industrial Average over the 22,000 mark on Wednesday. Apple also said it hit a milestone of 1.2…

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Cisco forecasts weak revenue, shares fall

May 17, 2017 (Reuters) – Cisco Systems Inc , the world’s largest networking gear maker, forecast current-quarter revenue below analysts’ estimates, sending its shares down 5 percent in extended trading. The company said on Wednesday it expected revenue for its fourth quarter to fall between 4-6 percent from a year earlier, implying a range of $11.88 billion-$12.13 billion. Analysts on average had expected revenue of $12.51 billion, according to Thomson Reuters I/B/E/S. The company also said it extended a restructuring plan to include an additional 1,100 job cuts and expected…

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Film business, higher affiliate fees lift Viacom’s revenue

May 4, 2017 (Reuters) – Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, reported a quarterly revenue that handily beat estimates, helped by growth in its filmed entertainment unit as well as higher affiliate revenue. The company’s shares were slightly higher at $39.48 in choppy trading before the bell on Thursday. Revenue from Viacom’s filmed entertainment business, which houses the Paramount film studio, jumped 37 percent to $895 million in the company’s second quarter ended March 31, breezing past analysts’ average estimate of $676.5 million, according to…

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Apple posts surprise fall in iPhone sales

May 2, 2017 (Reuters) – Apple Inc reported a surprise fall in iPhone sales for the second quarter on Tuesday, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company’s most important product. Shares of the world’s most valuable listed company were down 1.2 percent at $145.78 in after-hours trading. The company boosted its capital return program by $50 billion, increasing its share repurchase authorization by $35 billion and raising its quarterly dividend by 10.5 percent. Apple sold 50.76 million iPhones in its…

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Qualcomm warns of profit hit as Apple battle intensifies

April 28, 2017 (Reuters) – Qualcomm Inc slashed its current-quarter profit and revenue forecasts on Friday, amid an escalating legal battle between the chipmaker and Apple Inc. Apple said it had decided to withhold royalty payments to its contract manufacturers until the dispute is resolved in court. The payments made by Apple to its contract manufacturers are, in turn, owed by the contractors to Qualcomm in royalties, according to the chipmaker’s licensing business model. The iPhone maker sued Qualcomm in January, accusing it of overcharging for chips and refusing to…

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Not sure what to wear? Amazon’s algorithms may help

April 26, 2017 By Jeffrey Dastin (Reuters) – Amazon.com Inc wants to help you choose what to wear. The technology and retailing behemoth on Wednesday unveiled a voice-controlled camera, the Echo Look, and an app that recommends which of two outfits is best, using fashion specialists’ advice and algorithms that check for the latest trends. The new product underscores Amazon’s ambitions to be a top player in fashion and voice-powered computing. Amazon is working to make its voice assistant Alexa, which competes with Apple Inc’s Siri, an indispensable feature of…

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Uber looks to soar with flying taxis by 2020

April 25, 2017 (Reuters) – After upending the taxi market with its ride-hailing service, Uber Technologies Inc [UBER.UL] is now aiming for the skies with its flying taxis. The company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and Dubai by 2020, Chief Product Officer Jeff Holden said at the Uber Elevate Summit in Dallas on Tuesday. Uber’s flying taxis will be small, electric aircraft that take off and land vertically, or VTOLs, with zero emissions and quiet enough to operate in cities. Flying taxis would cut down…

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Apple unveils updated iPad with lowest-ever price

March 21, 2017 By Anya George Tharakan and Stephen Nellis (Reuters) – Apple Inc unveiled an updated version of its iPad tablet with a brighter screen on Tuesday, available to order from Friday and with a $329 starting price that is the lowest ever for a full-sized tablet from Apple. Apple also said its smaller iPhone SE model will be available in 32 and 128 gigabyte (GB) versions, replacing the 16 GB and 64 GB models. The hardware updates are incremental improvements that were announced without a major media event….

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Airbnb raises $1 billion in latest round of funding

March 9, 2017 (Reuters) – Online room renting service Airbnb Inc said on Thursday it had raised $1 billion in its latest round of funding, valuing the company at $31 billion. Airbnb raised $447.85 million as part of the funding, a source close to the company told Reuters. The company said in September it had raised about $555 million as part of the same round of funding. Airbnb, which operates in more than 65,000 cities, has enjoyed tremendous growth as it pushes ahead with its plans of global expansion. The…

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