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Ericsson raises forecasts for 5G subscriptions – Networking- Tempemail – Blog – Emails

Swedish telecom equipment maker Ericsson will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously as a consequence of the novel coronavirus pandemic. The telecoms sector has been among few industries to experience a surge in demand despite the economic uncertainty linked to the pandemic, a […]

Amazon sees possible second-quarter loss, forecasts US$4 billion in COVID-19-related costs – Finance- Tempemail – Blog – Emails

Amazon on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least US$4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. Shares of Amazon, the world’s largest online retailer, fell 5 percent in after-hours trade. Jeff […]

Xerox pulls 2020 profit, revenue forecasts on coronavirus worries – Finance – Hardware – Software- Tempemail – Blog – Emails

Xerox Holdings Corp pulled its 2020 revenue and profit forecasts on Tuesday, citing economic uncertainties from the coronavirus outbreak, which had resulted in the cancellation of its $35 billion takeover campaign for HP Inc . Xerox has been witnessing a decline in demand for its printers and photocopiers as more businesses digitize their work. The […]