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More worries for China, sales at big e-commerce festival drop for first time
This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outlook.
Apple WWDC 2024: From AI-based Siri upgrades to custom emoji options; what to expect from iOS 18 ?
At the Apple Worldwide Developers Conference (WWDC) 2024, AI is set to take center stage. Apple plans to integrate generative AI across its operating systems, enhancing features in iOS, macOS, and more. Siri will see significant updates, becoming more conversational and capable of controlling app functions. New AI-driven features, such as voice memo transcriptions, automated message replies, and advanced photo editing, will be introduced.
Apple faces pressure to deliver on AI at developer conference
Apple is expected to make the case next week that it is not being left behind as tech world rivals blaze ahead with artificial intelligence. Since Apple makes most of its money from selling iPhones and other hardware, AI integrations will likely focus on its devices and services working more seamlessly together, said Creative Strategies analyst Carolina Milanesi.
Nasdaq crosses 17,000 mark for first time ahead of inflation test
While the Nasdaq and S&P 500 celebrated their fifth consecutive week of gains, the Dow Jones took a different path on Friday. Healthcare stocks, led by an 8% plunge in Moderna, dragged down both the Dow and the broader S&P 500 sector. This divergence comes amidst ongoing market optimism fueled by speculation of potential interest rate cuts from the world's most influential central bank later this year. This optimism has propelled Wall Street to record-breaking highs since late 2023.
Low voter turnout means doomsday? 6 reasons why investors are overreacting
Investors fear low voter turnout affecting Sensex, Nifty, India VIX, and Dalal Street. Pashupati Advani warns of market dive if BJP doesn't secure 250 seats. Speculations and analysis highlight market worries in states like Kerala, West Bengal, and Tamil Nadu. The link between voter turnout and anti-incumbency is uncertain.
Apple's Tim Cook is nearing retirement age, but who will succeed him?
Speculation mounts over Tim Cook's successor as Apple CEO amid nearing retirement age. Candidates include COO Jeff Williams and hardware chief John Ternus. Cook's tenure marked by product expansion and financial success, but finding a visionary successor poses challenges for the tech giant.
iPad 'Crush' ad causes uproar amid AI anxiety
An ad for the new iPad Pro caused an uproar Wednesday for showing an industrial-sized hydraulic press crushing objects linked to human creativity -- such as a record player and trumpet -- into a sleek tablet. "I'm not sure 'wanton destruction of all the good and beautiful things in this world' was really the vibe you were trying for," wrote X user Judd Baroff on X. The ad links to viral TikTok videos of industrial presses and other machines that are watched by millions on the platform.
NDA is already near 200 seats, on track to get past 400: Amit Shah
Union Home Minister Amit Shah is confident that the BJP will achieve its 400-paar figure this election and says the party would win up to 200 of the 283 seats in the first three phases alone. In an interview with Rahul Tripathi and Pranab Dhal Samanta, he says that elections will be held in Jammu & Kashmir ‘according to court dates’ and opposes any reservation based on religion. Excerpts:
Apple working on AI chips for data centers
Apple is reportedly developing its own chip, internally dubbed Project ACDC, to power artificial intelligence software in data centers, leveraging its chip design expertise. This move aims to bolster Apple's server infrastructure, with a focus on AI inference tasks. CEO Tim Cook signals a strong commitment to AI technology.
Berkshire cash hoard scores another record as earnings gain
Berkshire Hathaway Inc., led by Warren Buffett, faces a cash surplus but struggles to find lucrative deals. Operating earnings rose, driven by insurance businesses. Amidst rising interest rates, the company engages in stock buybacks and eyes strategic investments.
'We’d love to spend it, but...": Warren Buffett as Berkshire's cash pile swells to $189 billion
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
Apple logs record India sales amid global slide
iPhone shipments jumped 19-20% in the March quarter as compared to a year before, according to IDC India, with over half of the shipments coming from iPhone 15 and iPhone 14 models. The India region became Apple's fourth largest market for iPhones in Q1 2024, from sixth largest in Q1 2023, according to research firm TechInsights, which said shipments grew 24% on year in India, registering its highest ever Q1 shipment, driven by discounts and promotions during the Republic Day period.
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
Apple logs strong double-digit growth in India; CEO says incredibly exciting market
Apple grew at a strong double-digit rate in India, hitting a new March quarter revenue record in an "incredibly exciting market", even though the tech titan's overall quarterly revenue declined 4 per cent.
Apple sets revenue records in India amidst overall slump, says CEO Tim Cook
“We did grow strong by double-digit, and so we were very, very pleased with that. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us.” Cook said, commenting on India market performance during the company’s earnings call Friday.
Apple sales fall less than expected, CEO sees return to growth
Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the company's history, according to Investing.com analyst Thomas Monteiro.
Apple unveils record $110 billion buyback as results beat low expectations
Apple's quarterly results beat expectations with a record share buyback program and increased cash dividend. The $110 billion stock buyback is the largest in the company's history. CEO Tim Cook foresees revenue growth.
iPhone 16 leaks: Apple to integrate automatic text generation, article summarisation? Check details of rumoured AI features
Apple is in discussions with OpenAI to integrate advanced generative AI technology into its upcoming iPhones, signaling a renewed focus on AI-driven features. The upcoming iOS 18 is expected to introduce cutting-edge AI features, leveraging Apple's in-house large language model. Further, Tim Cook's acknowledgment of using OpenAI's ChatGPT underscores Apple's strategic approach to AI integration.
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