Apple shares slip as iPhone price hikes steal foldable’s thunder Tech Apple shares slipped after investors gave a muted reception to new chief executive John Ternus’s launch of the tech giant’s first foldable iPhone alongside a string of price rises. The iPhone maker entered the foldable market on Wednesday with the $1,999 (£1,480) iPhone Duo, more than seven years after Samsung first brought the format to [...]
When companies can outspend countries, they set the political agenda Opinion When Nvidia is bigger than the GDP of Germany, the implications for national sovereignty are deeply uncomfortable, says Steve Rigby We like to imagine that the great contests of innovation are fought between nations: the US versus China; Europe versus Asia; governments vying for technological leadership. That framing is already outdated. The real race is [...]
Huawei issues UK sales warning as restrictions hit hard telecoms The UK arm of Chinese telecommunications giant Huawei has issued a warning over its future sales as restrictions on its activities continue to have a major impact. The Reading-headquartered business has said its turnover in 2025 will continue on the downward trajectory it has been on since 2019 but that the company will remain profitable. [...]
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
Let’s be honest, China’s economy is suffocating under President Xi August 1, 2024 President Xi’s protectionist policies and hostility to foreign investors mean China is no longer the country to bet on for growth – and that’s a lesson for the West too, says Matthew Lesh Prior to entering government, Foreign Secretary David Lammy said the Conservatives’ approach to China was excessively confrontational and inconsistent. He reportedly now [...]
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market April 15, 2024 Apple's iPhone sales sagged 10 per cent in the first three months of 2024, while Samsung shipments also fell, but only by 0.7 per cent.
BT boss says Huawei ban cost firm £500m September 20, 2023 BT's chief security and networks officer Howard Watson said today that the UK's Huawei ban has cost the telecoms giant £500m.
China is main ‘threat’ to economic security – and UK blocked EIGHT Beijing takeover bids in last year July 11, 2023 China is the biggest “state-based threat” to the UK’s economic security, deputy prime minister Oliver Dowden has said. Cabinet Office figures have revealed the government intervened in eight attempts by Chinese buyers to takeover UK firms due to national security fears in the last year. Dowden told the BBC Chinese deals posed risks due to [...]
Dorries blamed as Huawei watchdog report goes unpublished for two years June 26, 2023 The annual report investigating national security risks posed by the Chinese telecoms company Huawei has remained unpublished for nearly two years, raising concerns about government transparency. According to the Telegraph, the decision to shelve the publication of the Huawei Cyber Security Evaluation Centre (HCSEC) report was made by the then-culture secretary, Nadine Dorries. Since 2021, [...]
Huawei out of ‘crisis mode’ after years of US restrictions on Chinese tech giant December 30, 2022 Huawei, the Chinese technology giant, says it has emerged from “crisis mode” after years of US restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. “US restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, Huawei’s current chairman, [...]