Corning sold more in 2017, but reports net loss

Corning, the company that gave life to the Gorilla Glass technology and brought it to our smartphones, has reported its 2017 Q4 and full-year financial results, indicating net loss.

On a yearly basis the company indicates an increase in income, from $9.39 billion in 2016 to $10.11 billion in 2017. Despite that, Corning still finds itself at a net loss of $497 million – way worse than 2016, when the company had a net profit of $3,695 billion. The financial deficit can be easily explained with the fact that the company has recently invested in 23 projects, including the construction …


Best Buy points at the iPhone X for a whopping $100 million revenue loss

Apple’s later-than-usual iPhone X launch may have cost Best Buy $100 million in lost revenue, suggested the electronics retailer in all but a name. During its quarterly results press release statement for investors, Best Buy mentioned that it would have beat the Wall Street consensus estimate of $9.36 billion, if it wasn’t that “a major phone launch did not happen until November.” 

Instead, Best Buy hauled in $9.32 billion, also marred by hurricane season, and other natural disasters which shaved a few cents per share off its results. Apple announced the iPhone …