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Microsoft Rivals Apple As The World's Most Valuable Firm

A recent drop in Apple's stock due to concerns over iPhone sales has put the Silicon Valley tech titan in risk of being surpassed by Microsoft as the world's most valuable business.   Fresh concerns about smartphone demand have sent Apple's stock down 4% so far in 2024, after rising 48% last...

Intel Confronts Nvidia And Qualcomm With 'AI PC' Chips For Automobiles

Intel has announced that it will release automotive versions of its latest AI-enabled chips, competing with Qualcomm and Nvidia in the market for semiconductors that can power the brains of future cars.   Intel also announced the acquisition of Silicon Mobility, a French business that...

Volkswagen Vehicles Will Communicate With Drivers Using ChatGPT By Mid-Year

Volkswagen's voice assistant, which incorporates ChatGPT into its vehicles, will be able to talk with customers in a back-and-forth discussion by the middle of the year, the automaker announced on Monday while presenting the technology in Las Vegas.   At the CES electronics trade show,...

30% Decline In iPhone Sales In China In The First Week Of 2024 Says Jefferies

According to a note from Jefferies analysts, Apple's iPhone sales in China fell by 30% in the first week of 2024. This is another indication that the American tech giant is facing increasing competitive pressure from local rivals like Huawei.   According to a note the brokerage released on...

The Never Ending 737 MAX Crisis For Boeing

The most recent setback for Boeing's best-selling 737 MAX aircraft happened on Friday when an Alaska Airlines flight had to make an emergency landing due to a blowout in a cabin panel.   A temporary grounding of specific aircraft was mandated by US officials for safety inspections. That's...

CEO Of McDonald's Claims Fighting Has Affected Numerous Middle Eastern Markets

Chris Kempczinski, the CEO of McDonald's, stated that the Israel-Hamas war and "associated misinformation" about the brand were having a "meaningful business impact" on a number of Middle Eastern and international markets.   Mostly unplanned, grassroots boycott movements against major...

Tesla's Real-Time Strategy Surpasses BYD's In Terms Of Sales Efficiency In China

Tesla's aggressive, real-time supervision of its sales personnel in China is giving its stores a competitive advantage against dealerships offering BYD and other brands in the largest car market in the world, according to report quoting information from sources with knowledge of the situation....

Tesla Breaks Records In Q4 Sales, But BYD Of China Takes The Top Rank Among EVs

While hitting its 2023 objective and exceeding market expectations, Tesla produced a record number of electric vehicles in the fourth quarter, but China's BYD overtook it as the leading EV manufacturer.   In the October to December quarter, Tesla delivered 494,989 EVs; this was less than the...

The Greatest Sales Decline In 22 Years Pushes Apple's Shares Below Its Top Tech Peers In 2023

Although Apple's stock experienced a surge in 2023, the company's revenue declined for four consecutive quarters, a performance that was eclipsed by all of its mega-cap tech competitors. Since the 2001 dot-com bust, this is Apple's longest slide of its kind.   A portion of Apple's issues...

With 96 Successful Rocket Launches In 2023, SpaceX Breaks The Previous Record

At a scorching average launch tempo of every four days in 2023, Elon Musk's SpaceX achieved 96 successful orbital rocket launches, smashing the previous annual record.   This year, SpaceX surpassed its previous year record of 61 orbital missions in 2022 with 91 launches using its Falcon 9...

Google Resolves $5 Billion Tracking Lawsuit In "Private Mode"

Google has reached a settlement to resolve a US lawsuit alleging that it violated customers' privacy by tracking them even while they were using "private mode" for their browsing. The parent business Alphabet, the world's most popular search engine, was sued for at least $5 billion.   Big...

Huawei Expects 9% Revenue Increase In 2023 Due To The Surge In Smartphone Sales

The Chinese electronics giant Huawei Technologies anticipates sales topping 700 billion yuan ($98.5 billion) for 2023, according to reports based on comments from rotating chairman Ken Hu in an internal new year message.   The statistic shows a revenue gain of about 9% from the 642.3 billion...
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