Tesla profits fall 55% amid shift to hybrid vehicles
Profits Drop, Revenue FallsTesla, the leading electric vehicle (EV) manufacturer, has announced a significant drop in profits, with a 55% decrease in the first quarter compared to the same period last year. The company reported earnings of $1.13 billion, down from $2.53...
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...
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....