16.11.2013 09:05 Uhr, Quelle: Macworld UK

Wall Street Beat: Smartphone reports brighten up mixed results for tech

A fresh round of quarterly results and market research this week show some shadows over the networking and component markets while smartphones, as usual, were the stars of the tech arena.The biggest disappointment of the week came from Cisco Systems, which Wednesday reported a year-over-year decline in profit and sales and offered a gloomy forecast for the current quarter. For the three-month period ending in October, Cisco reported net income of US$2 billion, down 4.6 percent from a year earlier, while sales edged up by 1.8 percent to $12.1 billion. Company executives said they expect revenue this quarter to decline between 8 percent and 10 percent from a year earlier.Several problems hit Cisco during the quarter, executives said. In emerging markets, sales declined. Concerns about surveillance in the wake of revelations about the U.S. National Security Agency may have had some impact on sales, particularly in China, company officials said.Economic uncertainty as Europe still struggle

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