Huawei has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, amid calls to boycott Chinese goods in Asia's third-largest economy.
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BlackBerry has obtained consents from the beneficial owners of 88.39% of its outstanding 3.75% unsecured convertible debentures including Fairfax Financial Holdings and certain of its affiliates.
Huawei said its revenue grew 13.1 per cent year-on-year in the first half of 2020 despite the global coronavirus pandemic and ongoing sanctions from the US.
Huawei has released its 2019 Annual Report with global sales revenue in 2019 rounded off at CNY858.8 billion, up 19.1% year-on-year.
Apple has announced that it doesn't expect to meet the quarterly revenue guidance it shared on January 28 due to the ongoing Coronavirus outbreak.
Huawei said Tuesday that its sales rose a lower-than-projected 18% in 2019 and predicted tough times ahead as the U.S. moves to restrict its business.
BlackBerry will report results for the third quarter of fiscal year 2020 at 8 a.m. ET on Friday, December 20, 2019. Shares in BlackBerry started unchanged on on Thursday. The company’s stock began trading at $5.42 below the previous closing price of $5.42, and finished the day at $5.37.
Huawei said today that it boosted Europe’s economy by €12.8 billion through its economic activity in 2018, supporting 169,700 jobs either directly or through the supply chain, according to a study by Oxford Economics.
Apple today announced financial results for its fiscal 2019 fourth quarter ended September 28, 2019. The Company posted quarterly revenue of $64 billion, an increase of 2 percent from the year-ago quarter, and quarterly earnings per diluted share of $3.03, up 4 percent. International sales accounted for 60 percent of the quarter’s revenue.
Huawei has reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. During the first three quarters of this year, Huawei generated CNY610.8 billion in revenue, an increase of 24.4% year-on-year. The company's net profit margin in this period was 8.7%.
Huawei plans to raise 6 billion yuan ($843 million) by issuing two tranches of bonds, marking its very first move to tap into the onshore bond market.
BlackBerry will report results for the second quarter of fiscal year 2020 at 8 a.m. ET on Tuesday, September 24, 2019. BlackBerry’s share price climbed with the rest of the market over the first few months of the year but the stock has trailed off since, sliding below $10.00 CAD per share.