As iPhone unit sales have slowed, Apple was partially relying on higher prices to make up the difference. Consumers are now less tolerant of the premium prices phone makers want for their newest devices.
Recently, Huawei announced that their new flagship phone line – Mate 30, will be launched on September 19, in Munich, Germany. The tagline for this launch event is “Rethink Possibilities”.
At least €500m in fresh equity will be raised while existing shareholders – Investor, the Wallenberg investment vehicle, owns 23 per cent while EQT’s partners own the rest – will sell down their stakes pro-rata.
Consumer credit health management platform Credit Sesame announced that it received over $43 million in funding before its IPO with funds earmarked for AI algorithms and business expansions.
In September Nike will release a new line of its Huarache shoes but this time, they will be equipped with FitAdapt technology, allowing users to control the lacing via a mobile app or through Siri. Nike has not yet set a price.
Boeing announced that it is joining the Hedera Hashgraph Council becoming the 10th member with commentators stating that it is a major milestone for the company to dive into the blockchain technology.
China has confirmed President Donald Trump was lying when he said his people at the White House received phone calls from China offering to reopen stalled negotiations to end his trade war.
In recent news, Microsoft announced that the much-anticipated HoloLens 2 will go live on sale in September, Harry Shum revealed at the World Artificial Intelligence Conference in Shanghay on Thursday.
Nutanix, which is a leading enterprise cloud computing company, announced their new Q4 and fiscal 2019 financial results. Soon after the company’s stock price shot up to even 15%.
Fitbit, a smartphone wearables company, released its new Smartwatch Versa 2 upgrade. It comes with a few next-generation upgrades along with the Amazon’s Alexa addition. Also, the company announced the launch of its subscription service.
Tesla has finally launched its own insurance package for owners of its products. Tesla Insurance promises to be between 20-30 percent cheaper than other third-party policies.
The World Artificial Intelligence Conference kicked off in Shanghai Thursday with a much-anticipated keynote summit between Alibaba founder Jack Ma, and Tesla CEO Elon Musk debating the future of AI.
Gartner released their quarterly report on global smartphones which says that among the top five phone vendors, Huawei sales increased by 16.5% while Samsung added 3.8%, winning an overall 20,4% of market share.
Indoor fitness startup Peloton gears up for an IPO after strong fiscal 2019 ending June. The company generated over $900 million in revenue and is valued at over $4 billion.
The vast cash hoard of Warren Buffett’s company, Berkshire Hathaway Inc., has been vaster only once before – just before the worst financial crisis since the Great Depression.