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Today’s top tech stories

The Guardian reports that Sony, in its fourth revision, is forecasting a £4bn net loss for the year ending March 2012. This is double an earlier forecast figure and the fourth consecutive year that Sony has posted losses. This change in fortune is attributed to companies such as Apple and Samsung taking control of some markets, and demand for consumer products like televisions dropping. The company is planning to cut 10, 000 jobs, which equates to around 6 per cent of its workforce, in the near future. Sony’s chief executive, Kazuo Hirai, has stated that he is prepared to take painful steps to revive the ailing electronics company and has said that he will not hesitate withdraw from businesses he deemed uncompetitive. The company believes that it will turn profit in the year ending March 2013, with operating profits of around £1.4bn.

The value of technology company Apple has reached $600bn writes The Telegraph. The only other company that has reached this mark is Microsoft in 1999, at the height of the dotcom boom. Wall Street is expecting Apple to show more than a 50 per cent increase in profits to $9.2bn when its first quarter results are posted later this month. With Apple launching a television product, and the announcement that last month it will begin paying a dividend, has caused some experts on Wall Street to believe that Apple shares will be trading at $1,000 within a year. Shares in Apple closed down at $628.44 yesterday, after having climbed as high as $644 earlier the same day.

 

 

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The total IT infrastructure spend for on-premise and cloud rose by 19.5 per cent in Q3 of 2016, with Infrastructure-as-a-Service experiencing a jump to 24.9 per cent, reports CloudPro.co.uk. The growth resulted in an all-time high in revenue of $1.5bn... Read more

Today’s top tech news

The UK Prime Minister Theresa May has pledged to put science and technology first in the UK’s Brexit negotiations, reports Computing.co.uk. The government aims to continue a policy of attracting “potential, talent and ambition” to the UK following its departure... Read more

Today’s top tech news

The recent cyberattack affecting Barts Health NHS hospitals has been confirmed as Trojan malware, reports ZDNet.com. In Friday’s attack, Barts Health NHS Trust was forced to take its computer systems offline. A number of systems, including those in the pathology... Read more

Today’s top tech news

The UK government’s plans for tax digitisation could be delayed by at least one year following ‘serious shortcomings’ exposed by the Treasury Committee, reports TheRegister.co.uk. In 2015, HMRC was awarded £1.3bn of digital investment over four years, designed to end... Read more

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Snap, the owner of Snapchat, has confirmed it will make the UK its main hub outside of the US, reports Sky.com. The California-based tech giant, which is reportedly preparing for a $25bn stock market float on Wall Street, said the... Read more