Strong smartphone sales have helped Samsung Electronics post its best quarterly results in more than two years. Second-quarter operating profit jumped 18% to 8.1tn Korean won ($7.17bn; £5.46bn), in line with the company’s guidance issued in July. Operating profit at its mobile division soared 27% year-on-year to 4.3tn won. That is mainly driven by strong […]

Apple reported its first fall in sales in 13 years on Tuesday. Sales were down around $8bn (£5.5bn) compared with this time last year and its shares have fallen nearly 20% in the last 12 months. While it’s fair to say the firm is still a long way from the breadline – it has around […]

Facebook shares have jumped after reporting a tripling of first quarter profits from a year earlier to $1.51bn. Advertising revenues rose to $5.2bn, with more than 80% coming from mobile. Facebook’s focus on live video attracted new advertisers, while sales on existing services also grew. Mark Zuckerberg also requested that a new class of stock […]