SoftBank Poised for Profit Return as Vision Fund’s Tech Stocks Rebound
Japan’s tech conglomerate, SoftBank Group, is expected to announce a return to profitability in its upcoming first-quarter earnings report, bolstered by a resurgence in the technology stocks held by its Vision Fund investing arm. After enduring two consecutive years of losses due to the decline in the Vision Fund’s portfolio value, SoftBank’s potential turnaround signals […]
APPLE soars past sales, profit targets with strong iPhone demand, warns of chip shortages
5G iPhone upgrades have greatly fueled the sales and profits ahead of Wall Street expectations, reported the Apple. And there is also a warning due to the shortage of global chip. Because this in turn could dent iPads and Mac sales by several billion dollars. Fiscal second-quarter sales to China nearly doubled and results topped […]