Apple soars past sales, profit targets with strong iPhone demand

Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion (Dh331 billion) share buyback as customers continued to upgrade to 5G iPhones but warned that supply constraints from a global chip shortage would cost it billions in revenue in the current quarter, hitting Macs and iPads. […]

Samsung sees chip profits up, mobile sales down

Seoul: Samsung Electronics Co Ltd said on Thursday it expects chip profits to increase but mobile profits to drop in the current quarter, as a global chip shortage affects its businesses in different ways. Samsung, which reported a 46 per cent rise in first quarter profit, said it expected memory chip earnings to improve “significantly” […]