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China's factory activity slows again

2016-02-01 03:35:22| BBC News | Business | UK Edition

Activity in China's manufacturing sector contracts for the sixth month in a row in January, hitting its lowest level since 2012.

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US economic growth slows sharply

2016-01-29 15:31:42| BBC News | Business | UK Edition

The US economy grew at an annualised rate of 0.7% in the fourth quarter of last year, official figures show.

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Apple revenue growth slows to 2% in latest quarter

2016-01-26 23:30:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues for its fiscal first quarter to December 2015 up just 2 percent year-on-year to USD 75.9 billion. The sales were at the low end of its forecast of USD 75.5-77.5 billion. Apple blamed the slower growth on the strong US dollar, saying revenues would have risen 8 percent at constant exchange rates. At constant rates, revenues were up 18 percent in Europe and 17 percent in greater China, while falling 1 percent in the Americas and 4 percent in Japan. The company's net profit rose to USD 18.4 billion or USD 3.28 per share, from USD 18.0 billion or USD 3.06 per share a year earlier, and Apple maintained its quarterly dividend at 52 cents a share. While Apple said it set a new record for iPhone sales in the quarter, after the launch of the iPhone 6s in September, unit sales of the smartphone were unchanged year-on-year at 74.78 million and revenues were up just 1 percent compared to the same quarter a year earlier. iPad sales fell 25 percent year-on-year to 16.12 million, and sales of Mac computers were down 3 percent over the same period to 5.31 million units. For fiscal Q2, Apple forecast a sharp slowdown in sales to USD 50-53 billion and a gross margin of 39.0-39.5 percent compared to 40.1 percent in Q1.

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Semiconductor R&D Spending Slows

2016-01-26 07:01:59| Electronics - Topix.net

The semiconductor industry spent a record $56.4 billion on research and development in 2015, though growth in this type of spending slowed due to consolidation, concerns over the global economy and slumping sales in the second half of the year, according to market research firm IC Insights Inc. The 2015 semiconductor industry R&D spending total was up just 0.5% from 2014, the lowest rate of increase since the downturn year of 2009, IC Insights said. The growth in 2015 was also significantly below the chip industry R&D spending compound annual growth rate over the past 10 years, 4%, IC Insights said.

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