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Added on the 05/02/2018 15:42:44 - Copyright : BANG Showbiz
Yokohama, Jul 28 (EFE/EPA).- Japanese carmaker Nissan Motor has registered a net profit of 114.5 billion yen ($1.04 billion) for the April-June period, in contrast with the 285.6 million yen net loss it posted in the same period last year, largely thanks to a good performance in the United States market.Japan's second largest carmaker on Wednesday also announced that during the first quarter of the Japanese fiscal year ending in June, it achieved a gross operating profit of 90.3 billion yen, compared to the loss of 232.3 billion yen between April-June 2020. (Camera: ARCHIVE). ARCHIVE FOOTAGE SHOWS NISSAN CARS AT GLOBAL HEADQUARTERS SHOWROOM OF NISSAN MOTOR CO., LTD. IN YOKOHAMA, KANAGAWA PREFECTURE, JAPAN.
On Friday, Apple shares fell as much as 5.6%. The drop comes after the tech giant's fiscal fourth-quarter figures failed to meet analysts' expectations. Business Insider reports the slide saw as much as $111 billion erased from Apple's market cap. The company beat estimates for overall revenue and profit. iPhone sales were well below Apple's expectations. Apple's updated phone lineup was released roughly one month later than usual. The delay almost guaranteed sales of the new models will first materialize in its current-quarter report.
Apple's iPhone sales have grown after four quarters of decline.
Apple credits demand for the iPhone 11 for its record sales and profits.
Apple has sold less iPhones than expected - and it will no longer reveal unit sales of its major devices.
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