Apple

    • Apple suffers from global chip shortage

      Apple suffers from global chip shortage

      Apple announced that the global semiconductor chip shortage has weighed down on its revenues from sales of Macs and iPads and is further expected to slow the production of iPhones. Executives of the conglomerate confirmed that revenue for the current fiscal fourth quarter will grow but would still be below the 36.4% rate in the previous quarter. Growth will also slow in Apple's closely watched services business, Reuters elaborated.

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    • Amazon stays on top as world’s most valuable brand

      Amazon stays on top as world’s most valuable brand

      Amazon and Apple are ranked as the world’s most valuable brands, Reuters reported. The ranking is based on Kantar’s BrandZ survey. Still results show that Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands. The e-commerce firm Amazon remained the world's most valuable brand with an estimated value of $684 billion, followed by Apple. The high tech conglomerate is valued at $612 billion and Google at $458 billion ranks third, Kantar said.

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    • Apple negotiates on battery supply for Evs

      Apple negotiates on battery supply for Evs

      The high tech conglomerate Apple is in talks with two Chinese companies over the supply of batteries for the firm's electric vehicles, Reuters reported. Apple is in talks with both CATL and BYD, although real physical production of EVs is still far from beginning. Still, sources familiar with the matter have confirmed the information related to the talks. The initial negotiations are due to further clarification.

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    • iPhone output in India slumps by 50% due to Covid-19 cases surge

      iPhone output in India slumps by 50% due to Covid-19 cases surge

      The robust spread of pandemic in India placed under serious pressure several production companies. The country is known as the world's biggest outsourcing hub for western conglomerates. The output of the Apple flagship iPhone 12 at a Foxconn factory in India has slumped by more than 50% as Covid-19 infections among employees accelerated and workers had to leave their posts, Reuters reported.

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    • China pumps Apple profits but chip shortage woes remain

      China pumps Apple profits but chip shortage woes remain

      Strong financial results in China and positive outlook linked to 5G iPhone upgrades fueled a massive profit driven rally for Apple, Reuters reported. The conglomerate announced better than expected returns from sales and launched a new buyback programme. But the company noted that global semiconductor chip shortage would affect the expected market performance of iPad and Mac and may result in several billions of dollars losses.

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    • Apple spends $1bn in North Carolina to boost US operations

      Apple spends $1bn in North Carolina to boost US operations

      Apple unveiled plans to spur activities in US by spending substantial funds and employing thousands of people, Reuters reported. The emphasis of the new initiative will be a campus and an engineering hub, located in North Carolina. Apple plans to expand domestic operations by employing some 3,000 and spend one billion dollars, related to the campus operations.

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    • Microsoft buys AI company Nuance for some $16bn

      Microsoft buys AI company Nuance for some $16bn

      Microsoft is reportedly trying to lure and buy Nuance Communications, which is known for helping Apple develop the artificial intelligence for its virtual voice assistant, Siri. The reports have suggested that Microsoft is offering Nuance a $16bn buyout to get the company from its original management and incorporate its technology for the big tech.

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    • Apple is being investigated in UK over monopoly charge

      Apple is being investigated in UK over monopoly charge

      The US high-tech giant Apple became the centre of yet another investigation linked to potential abuse of monopoly position, Reuters reported. The probe comes after a series of several complaints from software developers. They claimed Apple used its position to force them to distribute apps to iPhones and iPads via the App Store at very high commission rates.

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