China’s efforts to counter the downbeat narrative about a structural slowdown in the world’s second-biggest economy got a boost from enthusiastic endorsements from chief executives of top global companies. Days after he opened an expansive new retail store in Shanghai and pledged a fresh investment in applied research in the country, Apple Inc. Chief Executive … Read more
San Francisco, A group of US senators have urged the tech giants Apple and Google to prohibit the apps in their app stores from collecting data that could be used to identify women seeking abortions, media reports say. The letter, signed by five Democratic and independent senators, comes in the wake of a leaked draft … Read more
Intel Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. … Read more
Ukraine’s Vice Prime Minister on Friday urged Apple top boss Tim Cook to cut supply of its products and block access to App Store in Russia. Mykhailo Fedorov, who is also Ukraine’s Minister of Digital Transformation, tweeted a copy of the letter sent to Cook asking the iPhone maker to “stop supplying Apple services and … Read more
Apple boss Tim Cook’s pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 million (roughly Rs. 742.31 crore). In 2021, the median pay for employees was $68,254 (roughly Rs. 50.66 lakh), … Read more
Apple doubled its business in India in the fiscal 2021, CEO Tim Cook said during the company’s earnings call on Friday. The executive also stated that the company earned nearly one-third of its revenue from emerging markets in the fiscal year. Despite the growing progress in India, the Cupertino company missed Wall Street expectations due … Read more
Apple doubled its business in India in the fiscal 2021, CEO Tim Cook said during the company’s earnings call on Friday. The executive also stated that the company earned nearly one-third of its revenue from emerging markets in the fiscal year. Despite the growing progress in India, the Cupertino company missed Wall Street expectations due … Read more
The White House is hosting an event on Wednesday that will bring together the largest US technology companies for a discussion about cybersecurity challenges following a raft of high-profile hacking incidents earlier this year, people familiar with the event told Reuters. It comes as Congress weighs new legislation concerning data breach notification laws and cybersecurity … Read more
Three tech companies — Apple, Microsoft and Google owner Alphabet — reported combined profits of more than $50 billion (roughly Rs. 3,72,165 crores) in the April-June quarter, underscoring their unparalleled influence and success at reshaping the way we live. Although these companies make their money in different ways, the results served as another reminder of … Read more
Apple said Tuesday its profit in the just-ended quarter nearly doubled amid improving consumer spending and a “growing sense of optimism” as pandemic lockdowns eased. The California tech giant’s profit rose to $21.7 billion (roughly Rs. 1,61,588 crores) on growth in iPhone sales and its increasingly important digital services. Revenue surged 36 percent from a … Read more