Tag: Record

Samsung Q3 Profit Seen at Record, but Peaking, as Chips Shine

Samsung Electronics Co is set to post a hefty jump in third-quarter profit to record levels after its chip unit put in a sterling performance on demand from data centres and improved production yields. The July-September quarter is, however, expected to mark a peak in earnings as a two-year super cycle of tight supply and soaring […]

Google Expected to Be Fined Record EUR 4.3 Billion by EU Over Android

Google will be fined about EUR 4.3 billion ($5 billion) by the European Union over apps for Android mobile devices, setting a record for antitrust penalties, according to a person familiar with the EU decision. The penalty – the same amount the Netherlands contributes to the EU budget every year – is due to be announced by […]

Google Hit With Record EUR 4.34 Billion Fine Over ‘Illegal’ Android Strategy: EU

EU regulators hit Google with a record EUR 4.34 billion ($5 billion or roughly Rs. 34,300 crores) antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. The penalty is nearly double the previous record of EUR 2.4 billion (roughly Rs. 19,100 crores) which the US tech company was ordered to pay […]

Google Parent Alphabet Sees Record Highs Despite EU Fine

Google parent Alphabet shares lifted Monday on a stronger-than-expected earnings report for the past quarter, as the tech giant’s results eased concerns over huge fines imposed by the European Union for antitrust actions. Profit dipped 9.3 percent to $3.2 billion (roughly Rs. 22,000 crores) in the second quarter after accounting for the EU fines, the […]