Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay


Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba’s chairman and representative executive officer, resigned effective Wednesday, the company said. His resignation in part reflects management taking responsibility for the loss of goodwill and the impairment related to Westinghouse’s acquisition of CB&I Stone & Webster from the Chicago Bridge & Iron Co. N.V.

The original article can be found here: http://www.ecommercetimes.com/story/84306.html?rss=1

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Samsung Down, Galaxy Note7 Out


Shares of Samsung Electronics fell sharply on Tuesday after the company confirmed reports that it had halted production of its flagship Galaxy Note7 smartphone, just launched this summer. The move came after several replacement phones reportedly smoldered or caught fire. Shares fell 8 percent in the Korean market. Samsung had been working with the U.S. Consumer Product Safety Commission on a voluntary recall and replacement program, spurred by reports that dozens of the new devices had burst into flames due to faulty lithium-ion batteries.

The original article can be found here: http://www.ecommercetimes.com/story/83984.html?rss=1

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Mountain biker suffers horrific burns after his iPhone 6 exploded when he crashed in Australia

Gareth Clear, 36, was riding around Manly Dam in Australia on Sunday when he fell from his bike, landing on his iPhone 6. Seconds later he noticed smoke and a searing heat, before hearing an explosion as the phone he’d had for just six months ignited, melting through his shorts and two layers of skin on his upper right thigh

The original article can be found here: http://www.foxnews.com/tech/2016/08/02/mountain-biker-suffers-horrific-burns-after-his-iphone-6-exploded-when-crashed-in-australia.html

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Nintendo's Q1 Reflects Struggles Unrelated to Pokemon Go Success


Nintendo shares fell sharply in Tokyo on Wednesday, following its release of a Q1 earnings report that disappointed analyst expectations. The company reported a drop of 31 percent in net sales and an operating loss of about $48 million, which it attributed to growing strength in the Japanese yen but which likely had more to do with dismal sales of the outgoing Wii U console. The weak results come amid a frenzy over the recently released Pokemon Go augmented reality game, which Nintendo felt obliged to address last week.

The original article can be found here: http://www.ecommercetimes.com/story/83742.html?rss=1

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Netflix Shares Fall as Subscriber Growth Hits a Wall


Shares of Netflix fell sharply Tuesday after it reported lower-than-expected Q2 earnings, which the company blamed on subscriber growth that fell short of forecasts. Netflix added 1.7 million subscribers in the quarter, pushing its total membership to more than 83 million, the company told shareholders. However, that growth was far less than the 2.5 million it had projected. “We are growing, but not as fast as we would like or have been,” reads the letter. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever.”

The original article can be found here: http://www.ecommercetimes.com/story/83720.html?rss=1

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Yahoo Posts Weak Earnings as Assets Sale Waiting Game Drags On


Yahoo on Monday reported second quarter earnings that fell just short of Wall Street estimates but left investors and analysts waiting to hear about progress in finding a strategic investment partner. Negotiations over the potential sale of the company’s core assets are under way. The company reported earnings from operations of $39 million, or 9 cents a share in the second quarter, compared with earnings of $108 million or 16 cents in the year-ago quarter. The company reported a net loss of $440 million, or 46 cents a share, compared with $22 million, or two cents in the year-ago quarter.

The original article can be found here: http://www.ecommercetimes.com/story/83715.html?rss=1

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Tesla Shares Tank on SolarCity Merger Proposal


Shares of Tesla Motors fell sharply Wednesday after the company, helmed by Elon Musk, made an offer to buy SolarCity for $2.8 billion. Musk is the chairman and top shareholder of the struggling alternative energy provider. Tesla made the offer Monday, in a letter to SolarCity CEO Lyndon Rive, noting that Musk and Antonio Gracias, managing partner of Valor Equity Partners, would recuse themselves from voting on the proposal at the SolarCity board meeting. Both had recused themselves from the Tesla board meeting where the deal was approved.

The original article can be found here: http://www.ecommercetimes.com/story/83637.html?rss=1

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Apple reports iPhone sales slump, 1st revenue drop since 2003

Apple says quarterly revenue fell for the first time in more than a decade, as iPhone sales fell compared with a year ago. That’s putting more pressure on the world’s most valuable public company to come up with its next big product.

The original article can be found here: http://www.foxnews.com/tech/2016/04/26/apple-reports-iphone-sales-slump-1st-revenue-drop-since-2003.html

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Solving the mysterious failure of Apple's iPad

Article Image Across Apple’s fiscal 2015, annual iPad unit sales fell by an astounding 19 percent while iPad revenues fell 23 percent, a plunge from fiscal 2014 of just over $7 billion. The tech industry pundits love to talk about the failure of Apple’s tablet business, but are short on the specifics of what’s happening. Here’s why.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4b82df01/sc/28/l/0Lappleinsider0N0Carticles0C150C110C150Csolving0Ethe0Emysterious0Efailure0Eof0Eapples0Eipad/story01.htm

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Tablets Losing Ground to Big Smartphones, Light PCs


Global demand for tablets continued a year-long slide, as shipments fell for the fourth consecutive quarter amid signs of market saturation in North America, Asia and Western Europe, IDC noted in a report released Thursday. Worldwide shipments fell 12.6 percent year-over-year to 48.6 million during the third quarter, according to IDC’s Worldwide Quarterly Tablet Tracker. The installed base of tablets at the end of 2014 was 581.9 million, a 36 percent increase from the prior year, but there are signs that growth will slow down soon.

The original article can be found here: http://www.ecommercetimes.com/story/82682.html?rss=1

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Pessimistic, questionable iPhone supplier rumor sends shares of Apple further downward

Article Image Shares of Apple stock fell more than 2 percent in early trading Thursday, following a highly questionable report from the Far East claiming that Apple’s integrated circuit suppliers are concerned over the prospect of fewer iPhone-related chip orders.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4a53e923/sc/28/l/0Lappleinsider0N0Carticles0C150C10A0C0A10Cpessimistic0Equestionable0Eiphone0Esupplier0Erumor0Esends0Eshares0Eof0Eapple0Efurther0Edownward/story01.htm

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Apple can't outrun China worries, stock drops into bear territory

Apple shares fell by nearly 6 percent during Friday trading, sending the stock into bear territory for the first time in years as investors fret over the impact of China’s apparent economic slowdown.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4930fe8e/sc/28/l/0Lappleinsider0N0Carticles0C150C0A80C210Capple0Ecant0Eoutrun0Echina0Eworries0Estock0Edrops0Einto0Ebear0Eterritory/story01.htm

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Conventional watch sales slide after Apple Watch launch, NPD says

American sales of conventional watches fell by the steepest amount in seven years during the month of June, a decline linked in part to the debut of the Apple Watch, market research firm NPD Group said on Friday.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/48cba527/sc/28/l/0Lappleinsider0N0Carticles0C150C0A80C0A70Cconventional0Ewatch0Esales0Eslide0Eafter0Eapple0Ewatch0Elaunch0Enpd0Esays/story01.htm

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Amid rumors of an Apple buyout, Nokia's maps business shines in otherwise disappointing quarter

Shares of Nokia fell more than 12 percent on Thursday after the company’s networking division reported disappointing results. But a bright spot was its “Here” mapping division, which is rumored to be a potential acquisition target for Apple.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/45e61ac8/sc/21/l/0Lappleinsider0N0Carticles0C150C0A40C30A0Camid0Erumors0Eof0Ean0Eapple0Ebuyout0Enokias0Emaps0Ebusiness0Eshines0Ein0Eotherwise0Edisappointing0Equarter/story01.htm

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EA revolutionizes gaming with Netflix-style subscription service – but only on Xbox One

EA Access on the Xbox One, showing The Vault game subscription service
EA, in one fell swoop, has changed the entire landscape of gaming and made it much more feasible to buy an Xbox One instead of a PS4. Starting today, beta testers will be able to subscribe to EA Access ($5 per month or $30 annually), giving them unlimited access to some of EA’s biggest games Considering these top-tier games usually cost $70 each, gaining access to all (or most) of EA’s games for just $30 per year is an incredibly good deal — so good that, if you’re into EA games, the Xbox One actually starts to make a lot more sense than the PS4. This is crazy, crazy stuff from EA — really, what is the company thinking?

The original article can be found here: http://www.extremetech.com/gaming/187139-ea-revolutionizes-gaming-with-netflix-style-subscription-service-but-only-on-xbox-one

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IDC forecasts 'challenging' year for tablets as Apple's iPad continues to lead

Though its total shipments fell year over year last quarter, Apple and its iPad still accounts for about a third of all tablets push to market last quarter, though research firm IDC has predicted overall tablet growth will be slow throughout 2014.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/39f55b9f/sc/2/l/0Lappleinsider0N0Carticles0C140C0A50C0A10Cidc0Eforecasts0Echallenging0Eyear0Efor0Etablets0Eas0Eapples0Eipad0Econtinues0Eto0Elead/story01.htm

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