Treasury secretary Steven Mnuchin states that the U.S. and China were close to making a deal in the ongoing trade war. While he is optimistic about the upcoming G-20 summit, the question is: could it save Huawei and how will it affect Bitcoin.
Apple unveiled its plans to release its new generation iPhones enabled with 5G network in 2020 but there is no mention of cryptocurrency anywhere among the new releases. Meanwhile, AAPL aims to display strength nearing next earnings release.
According to Samsung’s Vice Chairman Jay Y. Lee, the company will collaborate with platform companies on further blockchain development and invest in startups involved in 6G mobile networks and system semiconductors.
U.S. Budget Chief made the request in a letter to Congress asking for a delay in the implementation of the National Defense Authorization Act, signed by President Trump and which contains provisions that target Huawei.
Evercore analysts think Apple (APPL) stock is undervalued but believe the company can continue to drive strong momentum in services while increasing average selling prices to partially offset iPhone unit declines.
Huawei’s own operating system for smartphones and laptops could be ready for use in China by fall this year. Richard Yu, CEO of Huawei’s consumer business said an international version of the operating system could be ready in 2020.
US Commerce Department issued a temporary general license that lets Huawei buy US goods to maintain existing networks and continue providing wireless services. Google is reportedly set to reverse Huawei ban as well.
After the Trump administration blacklisted Huawei last week, tech companies in the U.S. including Google, have started mulling out options to cut ties with its Chinese counterpart Huawei.
Huawei Technologies Co. said that their revenue from the first quarter jumped 39 percent to 179.7 billion yuan ($26.81 billion), as the Chinese telecom giant made further inroads in the market for 5G wireless technology.
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