Japanese electronics giant Panasonic on Monday booked its first annual
net profit in three years and reversed a huge loss suffered in the
previous 12 months as it presses on with a sweeping restructuring. In the period ended march, 31, the company reached 120 billion yen (US$1.17 billion) in net profit, after suffering a loss of 754.25 billion yen a year earlier, while
revenue ticked up to 7.74 trillion yen from 7.30 trillion yen.
Microsoft Corp. announced it has completed its acquisition of the
Nokia Devices and Services business. The acquisition has been approved
by Nokia shareholders and by governmental regulatory agencies around the
world. The completion of the acquisition marks the first step in
bringing these two organizations together as one team.
WhatsApp has announced it has hit the 500 million active user mark. According to the company's blog, it users have grown faster in countries like Brazil, India, Mexico and Rusia. People are also sharing more than 700 million photos and 100 million videos every single day.
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