BENGALURU (Reuters) -President Donald Trump's 25% tariffs on Indian goods will do little to slow the role of the Asian country as a key hub for manufacturing iPhones, even when it means more expensive smartphones for U.S. consumers, analysts and industry executives said. Apple has realigned its India exports to almost exclusively serve the U.S. market, with nearly all the $3.2 billion-worth iPhones exported by Foxconn from India going to the United States between March and May. It's "too early to say" if recent events or future changes in Trump's stance will alter Apple's manufacturing plans in India, an industry executive familiar with Apple's strategy said...
Continue ReadingDownloads of VPNs have exploded across Britain since age checks were introduced for pornography and other age-restricted websites last week...
Continue ReadingMeta Platforms and Microsoft are both showing that obscene spending on new businesses can work—as long as the older ones are humming. Meta’s stock price in particular had slumped nearly 6% over the past month, following a flurry of news reports about Chief Executive Mark Zuckerberg lavishing nine-figure paydays on artificial-intelligence researchers...
Continue ReadingAndhra Pradesh aims to significantly expand its data centre capacity and energy supply, targeting 6GW over the next five years...
Continue ReadingMicrosoft Corporation sees 26% Cloud growth, pushing shares up 8%. Click for my updated look at MSFT post Q2 earnings and an analysis of its free cash flow...
Continue ReadingAlphabet continues to deliver quarter after quarter of record results, and the market is finally taking notice...
Continue ReadingThe closure reflects China’s shifting retail landscape, as more consumers turn to online shopping, causing traditional malls to lose foot traffic...
Continue ReadingThe San Diego-based chip supplier warned investors that Apple's move to depend on in-house modems, starting with the February launch of the iPhone 16e, would hit future chip revenue. Qualcomm has intensified its focus on sectors such as data centers and personal computers. Adding to the pressure, U.S. President Donald Trump's renewed tariff threats on semiconductors have emerged as a risk, potentially disrupting supply chains and hurting Qualcomm's handset revenue, analysts said...
Continue Reading(Reuters) -Big Tech is spending more than ever on artificial intelligence - but the returns are rising too, and investors are buying in. AI played a bigger role in driving demand across internet search, digital advertising and cloud computing in the April-June quarter, powering revenue growth at technology giants Microsoft, Meta, and Alphabet. Betting that momentum will sustain, Microsoft and Alphabet decided to ramp up spending to ease capacity shortages that have limited their ability to meet soaring AI services demand, even after several quarters of multi-billion-dollar outlays...
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