With slump in iPhone sales, are we post Peak Smartphone?

World 01/03/19, 15:02

Behind Apple's disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did.Some manufacturers have boosted prices ...

Markets Right Now: Stocks slide after Apple sees China slump

Business 01/03/19, 11:56

The latest on developments in financial markets (all times local):11:45 a.m.Stocks went into a steep slide after Apple reported a slowdown in iPhone sales over the holidays in China, a hugely important market for the company.The rare warning of disappointing results from Apple sent a shudder through markets Thursday and ...

Apple warning of weak sales in China sends US stocks sinking

Business 01/03/19, 10:04

Apple's warning that its sales in China weakened over the holidays added to investors' fears that the global economy is losing strength, with the trade fight between the U.S. and China making the situation worse. U.S. stock indexes fell sharply Thursday morning.Apple's stock plunged 8.9 percent and other big exporters ...

Waning iPhone demand highlights consumer anxiety in China

Business 01/03/19, 07:38

Apple's $1,000 iPhone is a tough sell to Chinese consumers jittery over an economic slump and the trade war with Washington.CEO Tim Cook told shareholders Wednesday that iPhone demand is waning, mainly in China. That makes the tech giant the latest global company grappling with Chinese consumer anxiety.Other brand names ...

Apples pulls iPhone 7, 8 from German stores in patent spat

Europe 12/20/18, 16:23

Apple is pulling older models of its iPhone from German stores after losing two patent cases brought by chipmaker Qualcomm, the company said Thursday.A regional court in Munich ruled that Apple and its subsidiaries had breached a European patent held by San Diego-based Qualcomm, which has pursued similar cases elsewhere ...

Apple upstages Amazon in selecting new tech hub locations

Texas 12/14/18, 00:05

One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions — and offer huge sums of public money — in hopes of landing a gleaming new corporate campus. The other swept in quietly before making its big ...

Apple announces plan to build $1 billion campus in Texas

California 12/13/18, 05:03

Apple says it plans to build a $1 billion campus in Austin, Texas. The company statement early Thursday says it also plans to establish locations in Seattle, San Diego and Culver City, California, with more than 1,000 employees at each. The tech giant based in Cupertino, California, says the new campus in ...

Asian shares mixed on concerns over trade, economic outlook

Business 12/11/18, 01:54

Asian markets were mixed Tuesday in narrow trading on doubts that U.S. and China can manage to resolve their festering trade dispute.KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.3 percent to 21,148.02 while South Korea's Kospi added less than 0.1 percent to 2,054.48. Hong Kong's Hang Seng was almost 0.1 ...

Chinese court bans some iPhones over Qualcomm dispute

Tech 12/10/18, 12:19

U.S. chipmaker Qualcomm says it's won an order in a Chinese court banning some Apple phones in China as part of a long-running dispute over patents.Qualcomm said Monday that the Fuzhou Intermediate People's Court in China has granted preliminary injunctions ordering four Chinese subsidiaries of Apple to stop selling and ...

Meng Wanzhou’s rise through the ranks at Huawei

Business 12/07/18, 13:30

Before her dramatic arrest in Canada, few in the U.S. had heard of Meng Wanzhou.Meng, 46, is chief financial officer and deputy chairwoman of the board of Chinese telecom company Huawei. She now faces extradition to the U.S., reportedly on charges of trying to evade U.S. sanctions on Iran. She ...

Microsoft surpasses Apple as most valuable public company

Business 11/30/18, 16:21

Microsoft's big bet on cloud computing is paying off as the company has surpassed Apple as the world's most valuable publicly traded company.The software maker's prospects looked bleak just a few years ago, as licenses for the company's Windows system fell with a sharp drop in sales of personal computers.But ...

Apple’s stock sours, Microsoft’s soars. Say what?!

Business 11/27/18, 16:12

Wall Street investors are enamored with a newly emergent tech company. It has nothing to do with posting selfies or finding a soul mate. The company is instead making billions of dollars selling cloud-computing and other technical services to offices around the world. Say hello to Microsoft, the 1990s home-computing powerhouse that ...

Apple to tutor women in tech in bid to diversify industry

California 11/26/18, 16:41

Apple is launching a new program designed to address the technology industry's scarcity of women in executive and computer programming jobs.Under the initiative announced Monday, female entrepreneurs and programmers will attend two-week tutorial sessions at the company's Cupertino, California, headquarters.The camps will be held every three months beginning in January. ...

Justices to hear antitrust case over sale of iPhone apps

Tech 11/26/18, 00:40

Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly monopolized the market. The justices are hearing arguments Monday in Apple's effort to end an antitrust lawsuit that could force the iPhone maker to cut the 30 ...

Stocks open higher on Wall Street after 2 days of big losses

Business 11/21/18, 10:08

Stocks in the U.S. are higher Wednesday morning after two days of steep losses, and major European indexes are also recovering. Major technology companies including Apple and Microsoft are up after they've tumbled in the last few days. Crude oil prices are up about 2 percent after they sank to ...

European privacy search engines aim to challenge Google

Europe 11/21/18, 04:42

In the battle for online privacy, U.S. search giant Google is a Goliath facing a handful of European Davids.The backlash over Big Tech's collection of personal data offers new hope to a number of little-known search engines that promise to protect user privacy.Sites like Britain's Mojeek , France's Qwant , ...

Bring me the bleach: Investors seek stability as stocks fall

Tech 11/21/18, 03:05

Goodbye iPhones and Facebook feed. Hello power plants and bleach.Since stocks began tumbling two months ago, investors haven't abandoned the market. At least, not all of it. In recent weeks, as they've pulled money out of funds that invest in go-go technology companies, they've also been buying utilities, companies that ...

Legal challenge likely for San Francisco tax to aid homeless

Business 11/07/18, 18:36

San Francisco voters approved a tax on the city's wealthiest companies Tuesday in an attempt to alleviate homelessness in a place where residents at risk of being priced out routinely encounter people sleeping on the streets.Despite opposition from the mayor and some business leaders, about 60 percent of voters supported ...

US stocks edge higher after strong jobs report; Apple sinks

Business 11/02/18, 10:13

U.S. stocks are rising Friday after the federal government said employers added 250,000 jobs in September, far more than analysts expected. Hourly pay jumped 3.1 percent, the most since the beginning of 2009.Companies including Starbucks and Symantec are climbing after their third-quarter reports as the market continues to recover from ...

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