Apple today is nearly a $1 trillion-dollar company and despite the global slowdown, has been able to not only maintain its growth trajectory but also diversified into services, entertainment and other verticals that are bringing in more moolah than its devices segment. Considered a “colourless, unimaginable drone”, Timothy Donald Cook who joined Apple at age 37 in 1998 has successfully proved he is a better CEO than late Steve Jobs.
Facing heat in the US amid the ongoing Washington-Beijing trade war, Chinese telecommunications giant Huawei has joined hands with the Indian consumer electronics firm Micromax Informatics to give impetus to its offline sales.
US President Donald Trump has threatened to slap Apple with tariffs on the components of its high-end Mac Pro computer, the most expensive of the company’s products, if it finally decides to shift production from the US to China.
Chip-maker Intel registered $16.5 billion in net sales for the second quarter (Q2) of 2019 $900 million higher than its April guidance but 3 percent down year-over-year (YoY) with net income of $4.2 billion.
The changes in e-commerce rules from the Indian government hurt Amazon and Flipkart badly and was driven by a call to protect India’s burgeoning seller class, as well as smaller e-commerce players who cannot match the deep pockets of India’s two biggest online shopping platforms. The focus in the e-commerce sector these days is around deep discounting and predatory pricing, along with an odd case of counterfeit products, but with all the attention around data and policy, the e-commerce business has definitely been hit by the government rules.
Despite delivering a record 95,200 cars in the second quarter (Q2) of 2019, Elon Musk-led electric car maker Tesla reported a net loss of $408 million for the quarter that ended June 30. Tesla reported revenue of $6.3 billion — a significant improvement from Q2 last year when it reported revenue of $4 billion. The company also announced it’s Chief Technology Officer J.B. Straubel is leaving Tesla.
The US Federal Trade Commission (FTC) approved a settlement involving about $5 billion with Facebook over its probe into the tech giant’s privacy violations, a media report said on Friday.
Champat Rai, Anil Mishra resign amid Ram Temple donation probe
Maharashtra TET 2026 cancelled after question paper leak detected a day before exam
EU-India FTA aims to build strategic trust beyond tariff cuts
India opens world's first hydrogen production facility integrating nuclear reactor heat
Government highlights nuclear-powered hydrogen production as key clean energy milestone
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PM Modi departs for Seychelles to deepen maritime ties, attend Golden Jubilee National Day celebrations
Global aid pours into Venezuela as over a dozen nations join massive earthquake relief effort
UN chief calls for restoration of normalcy in Strait of Hormuz
AIIMS Delhi issues new social media rules for students, doctors, and staff
IAF clears indigenous Netra surveillance aircraft system for full operational deployment
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