Latest Telecommunications News

Samsung's new phone shows how hardware innovation has slowed

Aug. 9, 2018 3:46 PM EDT

NEW YORK (AP) — Samsung's new smartphone illustrates the limits of innovation at a time when hardware advances have slowed. The new phone, the Galaxy Note 9, will be faster and will last longer without a recharge. But while earth-shattering new features are in short supply, it will carry an...

The Latest: Incremental improvements in new Samsung phone

Aug. 9, 2018 11:33 AM EDT

NEW YORK (AP) — The Latest on Samsung's new Note 9 smartphone (all times local): 11:30 a.m. Samsung's new smartphone will be faster and last longer without a recharge. But don't expect earth-shattering features. The improvements in the new Galaxy Note 9 phone reflect a general stagnation in smartphone...

China mobile tower owner debuts in HK market after $6.9B IPO

Aug. 8, 2018 5:31 AM EDT

HONG KONG (AP) — Shares in the state-owned monopoly that operates China's vast network of mobile phone towers ended their first day of trading flat Wednesday in the company's stock market debut in Hong Kong after raising $6.9 billion from investors. China Tower Corp. closed at 1.26 Hong Kong dollars (16...

SoftBank's earnings surge 50-fold on investment fund gains

Aug. 6, 2018 5:03 AM EDT

TOKYO (AP) — Japanese technology company SoftBank says its net profit soared more than 50-fold from a year earlier to 313.7 billion yen ($2.8 billion) in the latest quarter thanks to gains in its main investment fund. Sales in the April-June quarter edged up 4 percent to 2.3 trillion yen. The SoftBank...

Trump wants a Space Force, but Pentagon has different idea

Aug. 4, 2018 6:28 AM EDT

WASHINGTON (AP) — President Donald Trump wants a Space Force, a new military service he says is needed to ensure American dominance in space. But the idea is gaining little traction at the Pentagon, where the president's defense chief, Jim Mattis, says it would add burdensome bureaucracy and unwanted...

Pentagon redoing space defenses, but will Trump demand more?

Aug. 3, 2018 6:58 PM EDT

WASHINGTON (AP) — President Donald Trump wants a Space Force, a new military service he says is needed to ensure American dominance in space. But the idea is gaining little traction at the Pentagon, where the president's defense chief, Jim Mattis, says it would add burdensome bureaucracy and unwanted...

Financial fruit: Apple becomes 1st trillion-dollar company

Aug. 2, 2018 6:27 PM EDT

SAN FRANCISCO (AP) — Apple is the world's first publicly traded company to be valued at $1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets. The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named...

Asian markets extend losses on China-US trade jitters

Aug. 1, 2018 11:57 PM EDT

BANGKOK (AP) — Share benchmarks in Asia are sliding, tracking losses overnight on Wall Street, where investors sold industrial stocks following reports that the Trump administration is considering a higher tax rate on Chinese imports. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to 22,596.31...

Apple shares rise on pricey iPhones; no tariff impact yet

Jul. 31, 2018 8:02 PM EDT

Apple made more money from higher priced iPhones in the latest quarter, even as the number of phones it sold did not change much. The sluggish unit growth means Apple is no longer the second-biggest smartphone maker behind Samsung. Huawei took that spot, research firm IDC said Tuesday, with 54.2 million phones...

Samsung Electronics misses forecast on lower phone sales

Jul. 30, 2018 9:56 PM EDT

SEOUL, South Korea (AP) — Samsung Electronics Co. reported a lower-than-expected gain in the second-quarter earnings Tuesday, indicating an end to its streak of record-breaking financial results as sales of smartphones and display panels slowed while memory chip profit stabilized. The South Korean tech...