Apple’s slump in China fuels Huawei’s revival
Apple’s loss turning into a significant gain for Huawei. According to a recent report from Counterpoint, iPhone sales in China dropped by 19% in the first quarter of 2024, while Huawei’s smartphone sales soared by 69.7% during the same period. This remarkable...
Samsung Switches to Emergency Mode with 6-Day Workweek for Executives Amid Economic Uncertainty
Executives across the Samsung Group will work six days a week due to a shift to emergency mode, reflecting the company’s response to a confluence of economic and business challenges. The abrupt change follows a turbulent period marked by the sharp depreciation of the...
Goodbye App Store: Apple Embraces Third-Party Downloads in the EU
Apple has announced a groundbreaking shift in its iOS app distribution policy for users in the European Union. In a significant departure from its traditional walled-garden approach, the tech giant will now permit developers to offer iPhone apps for direct download from their...
Apple faces steepest drop in iPhone market amid growth of Chinese rivals
The latest report from IDC reveals a tumultuous period for Apple Inc. in the global smartphone market, particularly in China, where the tech giant faces its most significant decline in iPhone shipments since the Covid-19 pandemic. Despite a broader resurgence in the...
BlackRock Achieves Record $10.5 Trillion in Assets Amid Market Surge
BlackRock, the world’s largest asset manager, has reported a record-breaking $10.5 trillion in assets under management (AUM) for the first quarter of the year. The firm also announced a remarkable 36% increase in profit, driven by the surge in global equity markets that...