Reuters - Technology Report

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Thursday, October 19, 2017

Apple shares drop on iPhone 8 demand worries

(Reuters) - Apple Inc's shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus.

Toshiba probed by Japan securities watchdog over results filing: source

TOKYO (Reuters) - Japan's securities watchdog is investigating Toshiba Corp's accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.

Samsung Electronics shares fall 3 percent, easing from record-high on profit-taking

SEOUL (Reuters) - Shares of Samsung Electronics Co Ltd extended losses on Thursday, easing from a record-high reached on Tuesday due to profit-taking.

TSMC's third-quarter net profit falls 7 percent on supply constraints, beats estimates

TAIPEI (Reuters) - Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said supply-chain inventory constraints pulled down net profit in the third quarter, albeit by a lesser degree than analysts had estimated.

China's Meituan-Dianping raises $4 billion, valuing firm at $30 billion

BEIJING (Reuters) - Meituan-Dianping on Thursday said it has raised $4 billion in a funding round that values China's largest on-demand services provider at $30 billion, as part of a strategy to compete with the country's leading e-commerce firms in offline retail.

SAP profits miss forecasts as cloud shift inflates costs

FRANKFURT/LONDON (Reuters) - SAP , Europe's most valuable technology company, missed market expectations for third-quarter profit as it invested heavily to shift business customers into cloud computing.

Special Report: Backroom battle imperils $230 million cryptocurrency venture

ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parcelled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.

Adobe forecasts FY18 profit above estimates, shares surge

(Reuters) - Photoshop maker Adobe Systems Inc forecast better-than-expected revenue and profit for fiscal 2018 due to growth in its cloud business, sending its shares up 8 percent in extended trading.

ADP is already making changes Ackman wants: CEO

NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

EBay's profit forecast disappoints, shares fall

(Reuters) - EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade.