(ShareCast News) - Imagination Technologies, which design chips for Apple, swung to a loss for the year ended 30 April as revenue dropped amid a significant restructuring of the business. The company reported a pre-tax loss of £63.2m from a profit of £2.2m the year before, as revenue declined 23% to
Read more(ShareCast News) - Imagination Technologies warned revenues and adjusted losses would be "materially" below market expectations, though underlying trading remained in line and restructuring activities were on course to deliver healthy savings next year. While underlying trading, before including one
Read more(ShareCast News) - Shares in Imagination Technologies rocketed on Monday after it revealed Chinese state-backed conglomerate Tsinghua Unigroup International acquired a 3% stake in the London-listed chip designer. Tsinghua Unigroup, which is part of Tsinghua University and owns stakes in Western Digi
Read more(ShareCast News) - Apple lost a titanic $46bn in market value as its shares fell 8% in after-hours trading as the tech company confirmed the iPhone's first ever quarterly decline in sales and so missed analysts' expectations for sales and earnings. Sales of iPhones sank 16% to 51.2m in the three mon
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