Shares of the largest U.S. company by market value rose 2% after Apple exceeded Wall Street’s expectations for revenue and profit for the April 1 quarter.
With its fortress balance sheet of roughly $190 bn in cash, Apple can withstand almost any grim economic scenario. But valuation and fundamentals eventually will matter again.
The Foxconn factory, located in Sriperumbudur on the outskirts of Chennai, was shut down after worker protests and will resume operations once 'necessary improvements' are made.
Apple's plans include devices fitted with processors that run faster than current M1 chips, improved connectivity to external devices, and could see a release as early as this summer.
The Facebook CEO criticised Apple’s iMessage, suggesting it offered weaker privacy than WhatsApp, & implied iMessage’s market dominance was due to unfair advantages provided by Apple.
Release 16 of the 3GPP standards or 5G Phase 2, is focused on technologies that will benefit non-smartphone applications, including vehicle communications, factory connectivity etc.
Apple started testing the program with a small number of stores when locations started re-opening after closing down earlier this year due to Covid-19.
A US House panel has accused Amazon, Apple, Facebook & Google of abusing the power of their platforms to cut off competitors, and called for structural breakup of their businesses.
Apple plans to reveal four redesigned iPhones — the most dramatic overhaul since the iPhone X in 2017— with 5G, upgraded cameras, faster processors & wider screen size.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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