Major Chinese third-party retailers JD.com, TMall, and Pinduoduo are battling for customers by offering more steep discounts on Apple's iPhone 15 just five months after launch, as the U.S. tech company suffers slowing sales in China. The latest round of discounting comes after online retailers in October offered similar substantial discounts. Third-party retailers are also offering discounts of as much as 10% on Apple's iPhone 14 Pro...
Continue ReadingGermany wants Big Tech companies Alphabet, Amazon, Apple, ByteDance, Meta Platforms and Microsoft to contribute towards the compliance costs of new European Union rules aimed at curbing their power, a senior German economy ministry official said on Thursday. Sven Giegold, state secretary in charge of competition policy at Germany's economy ministry, said such a move would help EU antitrust regulators better enforce the Digital Markets Act (DMA) which the six companies have to comply with on March 7...
Continue Reading(Bloomberg) -- Shares of Apple Inc. supplier AMS-Osram AG lost the most on record Thursday after the Swiss chipmaker said a customer canceled a key project that could force it to sell part of its Malaysian production site. Most Read from BloombergHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyFed’s Preferred Inflation Metric Increases by Most in a YearSingapore’s Richest Banking Dynasty Grapples With SuccessionThis I...
Continue Reading(Bloomberg) -- India’s government has approved $15.2 billion worth of investments in semiconductor fabrication plants, including a Tata Group proposal to build the country’s first major chipmaking facility.Most Read from BloombergHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyFed’s Preferred Inflation Metric Increases by Most in a YearSingapore’s Richest Banking Dynasty Grapples With SuccessionThis Is Where New Migra...
Continue ReadingThe iPhone maker is expected to unveil AI tools at its June developer conference after it has lagged behind tech peers with a clearer AI strategy...
Continue ReadingMicrosoft, Meta Platforms and Amazon are among the companies dwarfing their old selves, despite announcing hefty job cuts...
Continue Reading(Bloomberg) -- Apple Inc.’s resellers in China are slashing the price of iPhone 15 models by as much as $180, signaling an unusually prolonged slump in demand.Most Read from BloombergHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyFed’s Preferred Inflation Metric Increases by Most in a YearSingapore’s Richest Banking Dynasty Grapples With SuccessionThis Is Where New Migrants Are Going When They Reach the USiPhone 15 P...
Continue ReadingApple inserted itself into the debate recently when it put out an advisory that included a warning against using rice. Samsung, which is the biggest maker of Android phones, recommends using a cotton bud to get moisture out of the earphone jack and charging port. In contrast, Apple says cotton buds shouldn't be inserted into iPhone openings...
Continue ReadingWe are on the cusp of a rare macroeconomic shift, where a monumental investment setup exists. How do we analyze and exploit this opportunity? Click here to find out...
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