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BBCNEWS Asia Business Report July 6, 2024

and cloud computing giant it continues a trend in big tech set out this week by the likes of meta, microsoft and alphabet whose latest results show that they re all doing surprising well. this has lifted markets across the board. lisa lisa we saw similar on wall street. here s the bbc s samira hussain. over the last year, amazon has been aggressively cutting costs to help boost profitability. it s laid off 18,000 people and is currently about to eliminate another 9000 jobs. is currently about to eliminate another 9000jobs. it is currently about to eliminate another 9000 jobs. it would appear that some of those measures are already paying off, as the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t go as much as expected last quarter did very well in the first three months of this year, as did its advertising business. even retail, a core part of amazons business exceeded expectations. the boom in online shoppi

European phone shipments sink to a new low

European consumers aren t that interested in new smartphones, data suggests

BBCNEWS Asia Business Report June 4, 2024 23:37:00

monitor service, and the reason for this decline are they are attributed to sluggish demand to a high inventory build up from last year that was carried on to this year as well as consumers growing preference for refurbished phones. this was the third second quarterly decline in smartphone shipments. the trend is that demand for phones are now concentrated around promotional periods. studies found many sellers were focusing on dispensing with existing inventory rather than creating a fresh inventory of new models. what s interesting is that 56 models. what s interesting is that 5g smartphones seem to be picking up crossing the 40% mark for the first time as consumers upgraded to 5g services. according to the research, south korea s samsung has the largest market share with 20% followed by a series of chinese smartphone companies. they have always dominated the market and have been more popular in india because of their affordability, especially compared to premium brands like apple. in

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