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...
Telegram Surges Towards Profitability Amidst Soaring User Base
Telegram, the renowned messaging platform, announced achieving positive cash flow in the first quarter of this year, setting the stage for a potential profitable turnaround by the end of 2024. Pavel Durov, the visionary founder of Telegram, disclosed this promising...
Apple Ventures into Home Robotics Amidst Disappointing Car Venture
Engineers at Apple have been fervently exploring the potential of a mobile robot designed to shadow users within their homes, insiders disclosed under anonymity. Additionally, the tech giant has been refining an innovative table-top device employing robotics to maneuver a...
Introducing Zoom Workplace: Reimagine teamwork with your AI-powered collaboration platform
Today, dispersed teams and disconnected collaboration tools have created unwanted complexity — in the form of more meetings, siloed communication channels, and information overload. A 2023 Morning Consult report commissioned by Zoom revealed that more than half of knowledge...
Tesla drops electric car sales for the first time since 2020
A new chapter unfolds with Tesla’s recent sales report, marking a significant departure from its usual trajectory. Despite its usual dominance, Tesla, led by the enigmatic Elon Musk, faced a setback as its sales figures dipped for the first time since 2020....
Huawei Rises Stronger: Profits Surge Amid Business Recovery
Huawei Technologies reported a staggering $97.48 billion in revenue for the fiscal year 2023, marking a remarkable 9.63% year-on-year growth. This impressive surge not only signifies a significant rebound but also positions Huawei on a trajectory of recovery, defying the...
Hyundai’s $50 Billion Gamble: Paving the Road to Electric Dominance
Hyundai has unveiled plans for a monumental $50 billion investment. This colossal sum, equivalent to 68 trillion won, underscores Hyundai’s determination to emerge as one of the top three EV manufacturers by 2030, setting the stage for a paradigm shift in the automotive...
Apple in Talks with Google to Integrate Gemini’s AI Model into iPhone
Apple is reportedly in discussions with Google to incorporate the Gemini artificial intelligence engine into the iPhone, according to Bloomberg’s Mark Gurman. Additionally, Apple has explored a potential partnership with OpenAI, the developer behind ChatGPT.Partnership...
BYD Poised to Challenge Tesla for Electric Vehicle Sales Crown in 2024
TrendForce’s latest report forecasts a milestone in the global electric vehicle market, with NEV sales, including BEVs, PHEVs, and FCVs, expected to hit 13.03 million units in 2023, reflecting a 29.8% growth rate. However, this growth marks a notable slowdown from the...