Tag Archives: Slumps

Apple CEO Tim Cook’s Pay Slumps Along With iPhone Sales

Apple penalized CEO Tim Cook for the iPhone maker’s first sales slump in 15 years with a 15 percent pay cut. Cook still did extremely well, with a compensation package valued at $8.7 million (roughly Rs. 59.3 crores) for Apple’s fiscal year that ended September 24, according to a regulatory filing made Friday. But the amount was down from nearly ... Read More »

Sony Sees Strong Demand for PS4 Games as Mobile Business Slumps

Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses linked to the sale of its battery business. The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had a JPY 26 billion ($248 million or roughly Rs. 1,655 crores) net profit in ... Read More »

Nifty Slumps to Lowest in 20 Months as Banking Stocks Bleed

The 50-share blue-chip Nifty index closed at over 20-month low on Wednesday as investors dumped shares of state-run banks. The Nifty PSU Bank – the index of state-run banks – crashed 5.4 per cent today as compared to 1.1 per cent fall in the broader Nifty. The Sensex logged its third straight triple-digit loss and ended at 23,759. Here are ... Read More »