Q1 Global Smartphone Demand Lowest On Record
Global smartphone shipments have reportedly dropped 17% year-on-year in Q1Y20 – the industry’s worst quarterly performance on record according to research firm... Read More
Afterpay Surges 24pc Following Stake Sale To China’s Tencent
SYDNEY: Shares in Melbourne-based Afterpay leapt almost 24 percent on the ASX yesterday, following the weekend announcement that Chinese giant Tencent has... Read More
Covid-19 Impact Still To Hit Oz Business: Report
CANBERRA: Some 72 percent of Australian busnesses expect reduced cash flow to have an adverse impact on their business over the next... Read More
COVID-19 Tech: Chinese Start-Up Develops Temp Detection Glasses
The Chinese start-up Rokid, which usually develops augmented-reality glasses, has developed a pair of glasses equipped with an infrared sensor and a... Read More
Disney Braces For Horror Q2 Report
Disney, which is scheduled to release its earnings report 6.30am AEST, is bracing for the worst, given that its theme parks, hotels... Read More
COVID-19 Lockdown Set To Provide A Lasting Boost For App Market
Sensor Tower has forecast that app spending will double to $171 billion by 2024, despite the COVID-19 economic downturn. The market research... Read More
Google Data Shows Growing Lockdown Fatigue Down Under
SYDNEY/NEW YORK: Australians and US residents are starting to move around their cities, thwarting efforts to have them stay in lockdown, according... Read More
‘We’re Coming Back’: Apple Plans To Re-Open Aussie stores
SYDNEY/SAN FRANCISCO: Apple will re-open its 22 Australian retail stores in one to two weeks. All of Apple’s stores outside of mainland... Read More
Worldwide Tablet Shipments Expected To Climb 45% In Q2
Global shipments of tablets are expected to rise by 45.5% in Q2 2020, representing a year-on-year increase of 9.9%, driven by recovered... Read More
Winning Appliances Launches Virtual Showroom
To enhance its shopping experience during COVID-19, Winning Appliances has launched a virtual showroom, allowing customers to experience its flagship Winning Appliance... Read More
Will Vicinity And Scentre Sell Off Property Assets?
Citi has stated that two of Australia’s largest mall owners – Scentre Group and Vicinity Centres – could sell off some $4... Read More
Is Chinese WeChat A Threat To Afterpay Security?
China’s Tencent has a acquired a 5% stake in Australia’s Afterpay, marking roughly $302.2 million of investment over four months. Tencent is... Read More
Cellnet On Covid-19 Life Support, 30 Days To Find Equity Partner
Smartphone accessories distributor Cellnet Group has been placed in a trading halt with thee Company desperately looking for an injection of capital... Read More
BusiSoft Boss Opens New Store After Snaring Big Hi Fi Brand From Advanced Audio
Addicted to Audio is set to open a brand-new retail store, the news comes after parent distribution Company BusiSoft snared the rights... Read More
Apple To Open Australian Stores In 1-2 Weeks
Apple CEO Tim Cook has said that the company will open its 22 Australian retail stores in one to two weeks. All... Read More
Facebook Ad Revenue Slows Up
SAN FRANCISCO: Facebook has reported revenue growth of 18 percent in Q1, its slowest ever, as ad sales rose 17 percent to... Read More
COVID-19: Worldwide Smartphone Shipments Fall 13%
The COVID-19 pandemic caused global shipments of smartphones to fall by 13% in the first quarter of the year, hitting 272 million... Read More
Global Spending On Cloud Services Up 34%
Global spending on cloud services has reached a record high of $31 billion in Q1 2020, representing an increase of 34%, according... Read More
Apple Up 1%: Wearables And Streaming Offset Fall In China
Apple has posted mixed results for Q1 2020, with higher demand for wearables and services offsetting the drop in iPhone and Mac... Read More
Coles Online Growth Choking
SYDNEY: The Coles group – which scored global attention it would rather forget, following the March stampede to stock-up on toilet paper... Read More
‘Publisher’ Google Ordered To Pay $40K In Defamation Case
MELBOURNE: In a landmark decision, the Supreme Court of Victoria has found that Google is a publisher and has been consequently ordered... Read More
Work-From-Home Pays Off For Microsoft, As Revenue Leaps 15pc
SEATTLE: Microsoft revenue leapt 15 percent to US$35.02 billion (A$53 billion) for its third quarter, ended March 31, powered by sharp demand... Read More
Amazon Posts 26% Q1 Growth And Has Sites Blacklisted In The Same Day
Yesterday, Amazon both reported net sales growth of 26% in Q1 2020 and had five of its e-commerce sites blacklisted by the... Read More
Zoom Fails To Kick A Goal After Dodgy Numbers Revealed Shares Fall 7.8%
Big NRL sponsor Zoom has found itself in hot water overnight due to dodgy numbers resulting in their shares falling 7.8%. The... Read More
Panasonic Ramp Up Business Security Amid Ecommerce Spike
Panasonic has launched its new “accessibly priced” ‘U Series’ security cameras for Aussie businesses, featuring next-gen image tech for a variety of... Read More
Microsoft Shares Up: ‘COVID-19 Had Minimal Impact On Revenue’
Microsoft has stated that “COVID-19 had minimal net impact on the total company revenue”, with revenue rising by 15% in Q3 FY... Read More
LG Post Record Q1 Margins, TV Slumps
LG Electronics has announced its highest first-quarter operating income margin in company history, despite a modest decline in revenue versus last year.... Read More
Spotify’s Monthly Active Users Hits 286 Million During COVID-19
In Q1 2020 Spotify exceeded subscriber forecasts, with the number of global Premium Subscribers reaching 130 million (up 31% year-on-year), while total... Read More
Shopping Centre Landlords Brace For More Pain
Credit rating agency S&P warns the listed property sector could feel the pain of COVID19 for a few years, as shopping centre... Read More
Gumtree Given The Green Light To Acquire Carsguide And Autotrader
The ACCC has granted the online marketplace Gumtree unconditional authorisation to acquire Cox Australia Media Solutions, which will see Gumtree Cars take... Read More
China Shafts Nokia Now Curries Favour In India
SHANGHAI: Finnish networking company Nokia has been left empty-handed, following the award of huge 5G contracts by China’s big three service providers.... Read More
Big W Profit Still On The Cards Despite COVID19
Embattled discount department store, Big W, has continued to progress its turnaround strategy, with parent company Woolworths still expecting the retailer to... Read More
Oz Infrastructure Growth Takes 3pc Tumble: IDC Report
SYDNEY: To say the 2019 year was turbulent, and to be hit even harder this year due to COVID-19, is an understatement... Read More
Cinemas & Studios Clash On At-Home Releases Following COVID-19
US-based AMC Theatres has announced that it will not license any Universal films at the company’s 1,000 cinemas worldwide in response to... Read More
CE & Appliance Suppliers Impacted By Surging Dollar
Distributors, many who were caught out by the slump in the Australian dollar to a low of US$0.53 in early March, resulting... Read More
Target Struggles Now Big W Closes Another Store Despite CE Success
Yesterday it was Wesfarmers targeting the discount store market claiming that sales had slowed at Target now archrival Woolworths has moved to... Read More
Investors Bet Big On Tech Giants’ Pandemic Power
Investors appear to betting on big-tech stocks during the coronavirus pandemic, with Microsoft, Apple, Amazon, Facebook and Google-parent Alphabet now comprising more... Read More
90% Of Tech Professionals Expect WFH Policies To Stay Post-COVID-19
Blind, which is an anonymous network of more than 3.5 million verified employees, has found that 90% of employees expect flexible work-from-home... Read More
Samsung Warns Q2 TV & Phone ‘Significant Decline’
Samsung has warned its core TV and smartphone business could notably decline in Q2, as demand for the new Galaxy S20 and... Read More
Kaufland Nails Coffin With MD Resignation
Discount German big-box retailer, Kaufland – which was tipped to follow the steps of ALDI in Australia – has officially seen the... Read More
US Intel Report Casts Doubt On Zoom Safety
The American Department of Homeland Security is reportedly concerned that popular videoconferencing platform, Zoom, is vulnerable to overseas spy agencies. Obtained by... Read More
Amazon Under Fire For Shady Marketplace Practices
E-commerce giant, Amazon, is reportedly facing heavy scrutiny from US politicians following allegations of ‘predatory data practices’ on its Marketplace platform, which... Read More
YouTube and Google’s Ad Revenues ‘Significantly Down’ In March
Although Alphabet – which owns Google and YouTube – recorded overall growth of 13% in Q1 2020, the company was hit by... Read More
Is Myer Next For Administration Management?
24 hours after Wesfarmers admitted that Target was in trouble with insiders telling Channel News that their future looks “grim”, concerns are... Read More
Apple Poised To Open ‘Many’ Retail Stores In May
The Vice-President of Apple Deidre O’Brien has told employees in a weekly staff video update that the company plans on opening “many... Read More
Kogan Flaunt “Quick Smart” Delivery In First TV Campaign
Australian e-commerce behemoth, Kogan.com, has flaunt shipping capabilities within its first TV campaign, as retailers like Kmart apologise for delivery delays due... Read More
Online Behaviour Shifts Amid ‘Lockdown Life’
Coronavirus has reportedly shift online behaviour just as much as discretionary spending trends and in-store habits, with a jump in news traffic... Read More
Big Tech Firms In The Cross Fire Of US-China COVID-19 Clash
With the Trump administration blaming China for the COVID-19 pandemic, and Beijing throwing criticisms back at the US, multinational tech firms have... Read More
Bunnings, Officeworks Boom ‘Uncertain’, Kmart & Target Slow
Wesfarmers has informed investors it’s “uncertain” whether higher levels of sales growth at Bunnings and Officeworks will continue for the remainder of... Read More
Will Oz Consumer Confidence Continue To Recover? Up 1% Last Week
Australian consumer confidence has improved for the fourth week in a row, but rose by just 1% last week, according to the... Read More