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CSE:SLT 8 August 2025

Complete Guide to Internet Access in Sri Lanka: Fiber, 4G, and Satellite Expansion

Complete Guide to Internet Access in Sri Lanka: Fiber, 4G, and Satellite Expansion

Sri Lanka reported 29.3 million mobile subscriptions in early 2025, surpassing its population. The government paused Starlink’s nationwide satellite broadband rollout in March 2025, citing security concerns. 4G LTE covers nearly the entire population, while rural internet penetration reached 56% in 2024. Mobile data costs about $0.25 per GB, among the lowest globally.
8 August 2025
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Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

1 May 2026
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting fiscal Q3 revenue of $5.95 billion, up 251% from a year earlier, and net income of $3.62 billion. The company announced a $6 billion buyback and forecast Q4 revenue of up to $8.25 billion. Gross margin rose to 78.4%. Shares had closed at $1,096.51 before slipping to about $1,030.
Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

1 May 2026
Apple reported fiscal Q2 revenue of $111.2 billion and earnings of $2.01 per share, beating analyst estimates. The board approved a $100 billion share buyback and raised the dividend. Shares fell about 1% after hours as iPhone sales missed forecasts and chip supply remained tight. Investors are watching for clarity on AI strategy and the upcoming CEO transition to John Ternus.
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