Seven West Media Profit Drops 91% After Yahoo7 And Presto Writedowns
Seven West Media reported a 90.8% profit drop in July to December 2016 primarily driven by $83.3 million of impairments including the closure... Read More
Wesfarmers Report 13.2% Profit Growth, Plan To Sell Off Officeworks As Coles Loses Ground
As previously indicated by outgoing Wesfarmers Managing Director Richard Goyder, Coles has lost ground to rival Woolworths, reporting lower sales growth in... Read More
BREAKING NEWS: Toshiba Chairman Steps Down Over $6.3 Billion Writedown
After pulling the plug on its latest financial statement, Toshiba has now seen its chairman Shigenori Shiga step down over disastrous cost... Read More
BREAKING NEWS: Toshiba Pulls The Plug
Toshiba has pulled the plug on a pending financial statement, due today. Initially primed to reveal the mounting costs of the company’s... Read More
Australian Streaming Market Due For A Shakeup?
The local streaming market, currently dominated by Stan and Netflix, may be on-track for a shakeup with US player MatrixStream understood to... Read More
Wesfarmers CEO To Step Down As Coles Falls Behind
Wesfarmers CEO Richard Goyder is set to step down from his role as the company’s CEO and managing director, with the industrial... Read More
Trading Post Trades Up
Long before there was eBay or Gumtree, there was the Trading Post, a shabby-looking weekly printed on newsprint that listed goods from... Read More
BREAKING NEWS: Toshiba Struggling To Stay Afloat Warning Set To Be Issued
If you are a Toshiba customer in the PC, medical imaging market, or a buyer of copiers or Toshiba made health care... Read More
Banks Narrow Apple Pay Application Ahead Of ACCC Ruling
In a submission published by the ACCC, the coalition of banks (NAB, Westpac, Commonwealth and Bendigo Bank) currently applying for permission with collectively... Read More
JB Hi-Fi Online Smash Kogan In Online Sales Growth
JB Hi-Fi’s latest half-yearly earnings report has seen the consumer electronics retailer record an impressive 40.4% growth on the previous year. The... Read More
LG Wins $168 Million In Court Battle
LG has been awarded $168 million in damages in a lawsuit filed against the producers of counterfeit versions of its Tone headsets.... Read More
Twitter Shares Down As Advertisers Look To Facebook And Snapchat
Twitter shares have dropped 12% after the company failed to meet forecasts for revenue and user growth in the fourth quarter of... Read More
NBN Revenue Soars, Rollout On Target For 2020
NBN Co. have released their latest half-yearly report, revealing the next-generation broadband service has now rolled out to 3.8 million premises. This marks a... Read More
Optus Profits Slip 17.3%
Optus-Singtel have filed their latest quarterly earnings numbers, reporting a rise in underlying profit but an overall decline in net profit. The... Read More
Staff Cut, Stores Closed As Allphones-Admins Look For Buyer
Details have begun to emerge about the radical cuts facing Allphones’ staff and retail presence in the wake of the company going... Read More
HTC Revenues Dip Ahead Of HTC U Launch
A myriad of factors has seen HTC experience a 27.98% drop in year-on-year growth in its latest monthly revenues report. The company reported... Read More
HPE’s Whitman Banks $35.6mil
Hewlett Packard Enterprise CEO Meg Whitman received US$35.6 million in compensation for fiscal 2016 after restructuring the company amid growing competition from... Read More
Australia Must Be A Top Tier Innovator By 2030, Says ISA
Innovation and Science Australia (ISA) – an independent body responsible for advising the Government on science, research and innovation matters – has... Read More
Only 3 Employees Needed For Amazon’s Checkout-Free Supermarkets
Amazon’s supermarket concept that automates the buying process could require as few as three employees. The New York Post reported that Amazon Go... Read More
Banks Hit Back At Apple ACCC Submission
A statement has been released by the coalition of banks (NAB, Westpac, Commonwealth and Bendigo Bank) currently seeking permission to collectively bargain with Apple over... Read More
Allphones Slides Into Administration
2017 has claimed its latest casualty with reports that local retail chain Allphones has gone into administration. Originally reported by ABC, Allphones... Read More
Masters Closure Pushes Retail Turnover Down
Retail turnover in Australia fell by 0.1% in December 2016 according to the Australian Bureau of Statistics driven by a 2.3% fall... Read More
EXCLUSIVE: Senior Execs Quit Sharp Major Restructure Tipped
Joe Costantino, the Deputy Managing of Sharp Australia has quit along with two other senior executives. The restructure which is believed to... Read More
ACCC Commits To Regulating Wholesale ADSL
First announced back in October, the ACCC has today confirmed its intentions to regular the wholesale ADSL market for another 5 years.... Read More
Mastercard’s ‘Selfie Pay’ Set For Australian Launch
Mastercard will launch its Identity Check mobile app in Australia this year allowing users to verify online purchases with a selfie. The... Read More
Telstra Lose Market Share In Latest NBN Quarterly Numbers
The ACCC has rolled out its latest NBN Wholesale Market Indicators Report, with the new numbers including for the first time the number... Read More
Activision Blizzard Strengthens Push Into Consumer Products
Video game company Activision Blizzard has created a new consumer products division as it continues to seek new revenue streams. The Consumer Products division will... Read More
Revenue Soars As Facebook Plots Content Streaming Play
Facebook’s latest earnings report has managed to outperform both last year’s results and the expectations of analysts as the company closes in... Read More
Trump Expected To Prove Barrier For Chinese Smartphone Vendors
One of the biggest trends in the smartphone market over the last two years has been the rising prominence of Chinese players... Read More
Nintendo Profits On Mobile Gaming And Pokemon
Nintendo has reported its first quarterly profit in a year as its entries into the mobile gaming market pay off. The company... Read More
Google Overtakes Apple As World’s Most Valuable Brand
Google has been rated the most valuable brand in the world, with Apple losing the top spot for the first time in... Read More
Despite Strong Holiday Results, Apple Still Loses Ground In China
Despite cutbacks in iPhone production and demand, Apple has gone on to bounce back and deliver a record quarterly revenue of $78.4... Read More
Reckon Ups “Cloudifying” Effort
Accounting software provider Reckon – No. 3 Down Under after MYOB and Xero – says it has acquired perpetual licences to the... Read More
Microsoft Moves To Take On Chrome + Chromebooks, With Windows 10 Cloud
Microsoft, is looking to take on Chrome and Chromebooks with a new Cloud version of Windows 10, the move could strip further... Read More
Sony’s Film Division Takes $1B Hit
Sony’s share price has taken a beating after the company filed a $962 million writedown for its film division, blaming changes in the nature... Read More
Former-Dick Smith Shareholders Sharpen Pitchforks
Shareholders of collapsed consumer electronics retailer Dick Smith are said to be considering making claims against parties involved in the doomed-company’s $344... Read More
BREAKING NEWS: Gary Tye Parts Company With Convoy
Gary Tye, the General Manager of Specialty Audio at Convoy International, has parted Company with the Sydney based distributor who last year... Read More
Apple Profits Slump 97% As OZ Taxman Takes Slice
Apple’s Australian operation has reported drops across the board for the 2016 financial year, with net profits down by 97%. For Apple’s... Read More
The Jury Is Still Out On VR Lawsuit
The three-week court trial between Facebook and video game publisher ZeniMax over alleged theft of VR intellectual property is now in its final stretch,... Read More
EXPOSED: KEF Price Gouging, Hi Fi Gear in OZ
Serious questions are being raised about the high price of KEF sound products in Australia, with several of the UK Companies products... Read More
Digital Continues To Overtake Retail Gaming Sales
The numbers are in – and global digital game sales in December 2016 grew to $7.6 billion, up 10% on the previous holiday... Read More
Alphabet Misses Analyst Expectations Despite Pixel Sales
Alphabet’s earnings report for the final quarter of 2016 saw the company report lower than expected profit growth of 8.3%. Meanwhile quarterly revenue... Read More
Intel Reports Revenue Growth Driven By Internet Of Things And Data Centres
Intel has reported a 9.8% rise in quarterly revenue, with strong growth in its internet of things and data centre operations. The... Read More
POSmusic Lets Retailers Connect With Customers Through Music
New marketing platform POSmusic will allow brands to create their own music apps to engage and connect with customers. Branded music apps... Read More
COMMENT: Why No One in Their Right Mind Should Consider Foxtel
Serious questions have got to be asked of Foxtel and their owners, News Corporation and Telstra, two Companies that put themselves up... Read More
New Microsoft Patent Could Replace Paper
A patent filed by Microsoft could eventually see a new type of E Ink display replacing paper in a variety of situations. The... Read More
8K And 10K Video Supported Under Latest HDMI Spec
The latest update to the HDMI specification will allow for resolutions up to 10K, along with support for Dynamic HDR and higher frame rates.... Read More
Apple Sues Qualcomm For $1 Billion Over Excessive Licensing Fees
Apple has filed a lawsuit for $1 billion in damages against Qualcomm alleging the chipmaker had used “exclusionary tactics” and charged “excessive royalties.”... Read More
Woolworths To Sooth Troubled Supplier Relationships
Reports say that Martin Smith, the head of Woolworths’ liquor division, will be working with local suppliers in order sooth concerns raised... Read More
Toshiba Share Slide 16% After Nuclear Writeoff
Shares of the once-mighty Toshiba have dropped to their lowest since May after a report that the loss in its nuclear equipment... Read More