Apple’s challenges with regulators in the EU continue as the firm is now potentially on the hook for a 500 million euro or roughly $539 million fine. Regulators have imposed this penalty following a complaint from Spotify alleging that Apple has policies in place that don’t allow iPhone apps from telling users that there are […]
Read MoreThe Walt Disney Company has announced that it is investing $1.5 billion in Epic Games and that the two companies will collaborate on a multiyear project to create a new “games and entertainment universe” to expand the reach of Disney’s “stories and experiences.” According to Disney, the “new persistent universe” will offer a “world-class games […]
Read MoreWhat you need to know Epic Games is the video game publisher and developer best known for creating Fortnite, as well as the uber-popular game development kit Unreal Engine. Disney is investing big in games, acquiring a stake in Epic Games for $1.5 billion. The investment will see Disney and Epic Games collaborate on “an […]
Read MoreIt’s not uncommon for companies that have deep pockets to fuel growth through mergers and acquisitions. Samsung is certainly one with deep pockets as its cash reserves are in excess of $60 billion. However, the company has been out of the M&A market since 2017 when it acquired Harman for $8 billion. That might change […]
Read MoreThere are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the first fiscal quarter of 2024. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic […]
Read MoreApple Card has over 12 million users in the United States, with card holders earning more than $1 billion in Daily Cash rewards in 2023, Apple said today. Daily Cash is earned with every purchase on the Apple Card. Apple provides 3% cash back for Apple purchases and items bought from select partners like T-Mobile, […]
Read MoreWhat you need to know Google found itself in more trouble after it was unable to defend itself in a class action lawsuit where it was under fire for using Chrome users’ data in Incognito Mode. The company argued that it had indicated that it collects and tracks the user’s data even when in Incognito […]
Read MoreBloomberg posted an analysis of app spending for 2023, revealing an 11% rise in revenue. Demand for video platforms drove the increase, while games were down 2% on a yearly basis. The data reveals TikTok surpassed $10 billion in in-app spending, making it the first app to reach this threshold. The milestone was achieved through […]
Read MoreIn September 2023, ByteDance launched TikTok Shop in the US, an e-commerce platform built right into the company’s social media network, TikTok. At the moment, the shopping platform from the Chinese company isn’t very popular in the US, and therefore, it doesn’t pose a serious threat to other players in the region but that’s going […]
Read MoreThe semiconductor division has long been one of Samsung’s most profitable business units. It’s been having a tough time of it recently, with the division reportedly losing $10 billion in 2023. Samsung is looking to turn these fortunes around in spectacular fashion in 2024. The company is reportedly looking to earn 11.5 trillion won or […]
Read MoreIt’s a new dawn, it’s a new day, and it’s a new year. We’re officially in 2024 and many of us are welcoming the new year with resolutions that we hope to stick with beyond the first few weeks of January. Likewise, as a company on a mission to redefine the future of the smartphone […]
Read MoreHuawei expects more than CNY 700 billion ($98.5 billion) in revenue in 2023, said the Deputy Chairman and Rotating Chairman of Huawei, Ken Hu, in an internal New Year’s message, reports Reuters. That’s a 9% year-over-year growth in revenue, with Huawei reporting CNY 642 billion ($93.5 billion) in revenue in 2022. That’s a substantial growth […]
Read MoreIn a preemptive move, Apple will stop selling the Galaxy Watch Series 9 and Watch Ultra 2 in the USA beginning December 21 due to a looming ban caused by a patent dispute with medical technology company Masimo. According to analysts at J.P. Morgan (via Apple Insider), banning the Apple Watch Series 9 and Watch […]
Read MoreWhat you need to know Microsoft just released its Seeing AI app onto Android, expanding the app’s reach to an additional 3 billion people. Seeing AI uses artificial intelligence to help the blind and low vision community. The app can perform tasks such as identifying currency, reading handwriting, describing a scene, and guiding a person […]
Read MoreWhat you need to know Microsoft Vice Chair and President Brad Smith released an official statement on the company’s plans to create a large “AI infrastructure” in the UK. The company will spend $3.2 billion (£2.5 billion) on this effort over the next three years to bring more than 20,000 advanced GPUs to the UK […]
Read MoreWhat you need to know Microsoft Vice Chair and President Brad Smith released an official statement on the company’s plans to create a large “AI infrastructure” in the UK. The company will spend $3.2 billion (£2.5 billion) on this effort over the next three years to bring more than 20,000 advanced GPUs to the UK […]
Read MoreWhat you need to know Microsoft Vice Chair and President Brad Smith released an official statement on the company’s plans to create a large “AI infrastructure” in the UK. The company will spend $3.2 billion (£2.5 billion) on this effort over the next three years to bring more than 20,000 advanced GPUs to the UK […]
Read MoreGoogle is celebrating a major milestone in its mission to make RCS messaging the standard messaging standard used around the world instead of the outdated SMS and MMS protocols: more than one billion users are now actively using Google Messages with RCS enabled. Google has made a heavy push for RCS in the last decade. […]
Read MoreRCS is officially big. 1 billion monthly active users big, in fact. Google announced the milestone today, and to celebrate it’s giving the Messages app 7 new features. These will apparently “help your personality shine through”. They won’t make RCS bubbles blue on iOS, however. RCS, in case you’ve been living under a rock, is […]
Read MoreXiaomi has announced its Q3 2023 earnings report, posting total quarterly revenue of RMB70.9 billion ($9.94 billion/€9.12 billion), with group gross profit margin reaching 22.7% and adjusted net profit reaching RMB6 billion ($841 million/€771 million) – a YoY growth of 182.9%. Additionally, Xiaomi said its IoT and lifestyle products’ revenue soared to RMB20.7 billion ($2.9 […]
Read More
