Tech- Page 47

The FINANCIAL -- Worldwide spending on cloud infrastructure services continues to grow, reaching US$17 billion in the first quarter of 2018.

The FINANCIAL -- Siemens Corporation on April 26 announced that Barbara Humpton has been appointed CEO for the United States, effective June 1, 2018.

The FINANCIAL -- Smartphone shipments in China suffered their biggest ever decline in Q1 2018, down by more than 21% annually to 91 million units, a number first passed some four years ago in Q4 2013.

The FINANCIAL -- Ericsson has been selected by Italian operator Wind Tre to virtualize its core network as part of the evolution of its network to 5G Core.

The FINANCIAL -- From the Fitbit to Apple’s smartwatch: wearable tech is becoming increasingly popular across the globe. Early adopters of new technology, the world’s affluent are at the forefront of purchasing wearable tech, ownership reaching over 30% in Spain, Turkey and

The FINANCIAL -- Global smartphone demand fell two percent to 347 million units in the first quarter of 2018 (1Q18). Demand was especially sluggish in China (down six percent year-on-year) and North America (down five percent year-on-year).

The FINANCIAL -- LG Electronics Inc. (LG) on April 26 posted consolidated sales of KRW 15.12 trillion (USD 14.1 billion) and operating profit of KRW 1.11 trillion (USD 1.03 billion) for the first quarter of 2018.

The FINANCIAL -- Earlier on April 26, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date.

The FINANCIAL -- Viacom Inc. on April 25 reported financial results for the second quarter of fiscal 2018 ended March 31, 2018, with gains in operating income and earnings per share.

The FINANCIAL -- Samsung shipped just over 8 million of its newly launched flagship devices, the Galaxy S9 and S9+, in the first four weeks after launch.