Samsung Electronics flags 30.5% on-year drop in Q1 profit
Samsung Electronics
Seoul - Arab Today
Samsung Electronics on Tuesday flagged a 30.5 percent on-year fall in operating profit for the first quarter, as the world's top mobile producer continued to battle stiff competition from Chinese makers and arch rival Apple.
The South Korea tech giant estimated an operating profit of around 5.9 trillion won ($5.4 billion) for the January-March period, down from 8.49 trillion won a year before.
But in a sign that the company might be turning a corner, the estimate showed an 11.5 percent profit increase from the previous quarter.
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Buenos Aires - AFP
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Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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The sleeping beauty
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All rights reserved to Arab Today Media Group 2021 ©
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