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iPhone 16 Sales Soar 20 Percent in China Debut as Demand Returns
Apple’s newest iPhones in China are up 20 percent in their first three weeks compared with 2023’s model. As pointed out by Counterpoint Research, Consumers continue to shift to the pricier models, and sales of the top-end Pro and Pro Max models gained 44 percent compared with last year’s equivalents.
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Samsung Says AI to Drive Technology Demand in Second Half After Strong Q1 2024
Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.
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"I Have Not Left My Ideologies": Ajit Pawar's NCP Demands Caste Census
The Ajit Pawar-led Nationalist Congress Party (NCP) has said in its manifesto that it supports the demand for a caste-based census, an issue pushed by rival Congress and side-stepped by NCP's ally BJP.
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"First Burn Wives' Sarees": Sheikh Hasina Slams Rivals' India Boycott Call
Opposition leaders demanding a boycott of Indian products must declare how many Indian sarees their wives have and why they are not setting these on fire, Bangladesh Prime Minister Sheikh Hasina has said.
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iPhone Shipments in China Drop 2 Percent in Q4 as Apple Battles Huawei for Market Share
Apple's smartphone shipments in China shrank 2.1 percent in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.
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Apple Sheds $100 Billion in Market Cap as Barclays Predicts 'Lacklustre' iPhone 16: Report
Apple shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Ap...
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Huawei Ban in EU Opposed by China, ZTE Demands Equal Treatment
China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. ZTE, also singled out by EU industry chief Thierry Breton as a high-risk vendor, criticised the move to ban its equipment in the...
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
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Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
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Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
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Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
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ChatGPT vs Bard: Everything We Know About Google's Upcoming AI Chatbot
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
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Google's New Chatbot Bard To Rival Microsoft's ChatGPT
ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand within seconds.
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Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
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Elon Musk Says Tesla's Main Rival Is "Probably Some Company Out Of..."
Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.
-
iPhone 16 Sales Soar 20 Percent in China Debut as Demand Returns
Apple’s newest iPhones in China are up 20 percent in their first three weeks compared with 2023’s model. As pointed out by Counterpoint Research, Consumers continue to shift to the pricier models, and sales of the top-end Pro and Pro Max models gained 44 percent compared with last year’s equivalents.
-
Samsung Says AI to Drive Technology Demand in Second Half After Strong Q1 2024
Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.
-
"I Have Not Left My Ideologies": Ajit Pawar's NCP Demands Caste Census
The Ajit Pawar-led Nationalist Congress Party (NCP) has said in its manifesto that it supports the demand for a caste-based census, an issue pushed by rival Congress and side-stepped by NCP's ally BJP.
-
"First Burn Wives' Sarees": Sheikh Hasina Slams Rivals' India Boycott Call
Opposition leaders demanding a boycott of Indian products must declare how many Indian sarees their wives have and why they are not setting these on fire, Bangladesh Prime Minister Sheikh Hasina has said.
-
iPhone Shipments in China Drop 2 Percent in Q4 as Apple Battles Huawei for Market Share
Apple's smartphone shipments in China shrank 2.1 percent in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.
-
Apple Sheds $100 Billion in Market Cap as Barclays Predicts 'Lacklustre' iPhone 16: Report
Apple shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Ap...
-
Huawei Ban in EU Opposed by China, ZTE Demands Equal Treatment
China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. ZTE, also singled out by EU industry chief Thierry Breton as a high-risk vendor, criticised the move to ban its equipment in the...
-
Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
-
Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
-
Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
-
Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
-
ChatGPT vs Bard: Everything We Know About Google's Upcoming AI Chatbot
Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.
-
Google's New Chatbot Bard To Rival Microsoft's ChatGPT
ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand within seconds.
-
Snap Expects Lower Revenue in First Quarter Amid Increased Competition From TikTok, Lower Ad Demand
Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".
-
Elon Musk Says Tesla's Main Rival Is "Probably Some Company Out Of..."
Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.
