Apple set to stick with LCD display for its new iPhone in the autumn January 11, 2019 Apple is reportedly planning to release three new iPhones in the autumn as it faces weakened demand in key markets for its top-selling handset. The new line-up will include a successor to the iPhone XR that will be a cut-price version of the device featuring an LCD screen, the Wall Street Journal reported. The XR has [...]
Nike’s Dutch tax status to be investigated by European Commission January 10, 2019 The European Commission has opened a detailed probe into whether Nike has received an unfair advantage over its competitors by being granted a favourable tax environment in the Netherlands. The Commission said the Netherlands issued five tax rulings since 2006, two of which are still active, which endorsed a method of calculating royalty payments that "may not reflect [...]
Amazon boss Jeff Bezos and wife MacKenzie announce divorce January 9, 2019 Amazon chief executive Jeff Bezos and his wife MacKenzie Bezos, a novelist, have decided to divorce after a long trial separation. Read more: Apple loses crown as world's most valuable company In a joint statement on Twitter, the pair – who have been married for 25 years – said: “after a long period of loving [...]
Qualcomm says Apple chief Cook’s comments are ‘misleading’ January 9, 2019 Chipmaker Qualcomm has today accused Apple's chief executive Tim Cook of making 'misleading' comments, after the tech boss claimed settlement talks between the two rowing companies ended in September. Qualcomm and Apple have been embroiled in several ongoing lawsuits surrounding hardware patents for the chips in Apple's iPhone and other products, which Qualcomm argues infringe [...]
Apple to cut new iPhone production by 10 per cent as Christmas takes its toll January 9, 2019 Apple has reportedly slashed planned production for its three newest iPhone models by about 10 per cent for the next three months, just one week after the tech giant cut its revenue forecasts. Apple is said to have asked its suppliers to produce less of its iPhone XS, XS Max and XR models than originally [...]
Apple chief Tim Cook picks up his biggest annual bonus to date January 9, 2019 Apple chief executive Tim Cook was awarded his largest ever bonus in September last year, just before the tech giant's most stellar year to date took a turn for the worse. Apple said in a regulatory filing yesterday that Cook had been given a cash bonus of $12m (£9.4m) at the end of its fiscal year, [...]
LG profits to plummet 80 per cent in festive quarter, as Samsung shares hit by weak chip demand January 8, 2019 LG Electronics has said its operating profit for the fourth quarter is likely to drop 80 per cent from the same period in 2017, falling miles away from previous analyst expectations. The world's second largest TV manufacturer has forecasted profit of just 75.3bn won (£52.5m) for the three months to December last year, which is also [...]
Apple analysts have let us down yet again January 8, 2019 Apple analysts, huh, what are they good for? Absolutely nothing. Say it again… Yep, that’s right, I just butchered one of the most powerful lyrics of the past 50 years. Lyrics immortalised by Edwin Starr in the 1970 Vietnam protest song, but for me it kind of grabs your attention and makes the point rather [...]
Amazon becomes most valuable company after overtaking Microsoft January 7, 2019 Amazon reclaimed its crown as Wall Street’s stock market darling this evening, passing Microsoft to take the lead in a three-horse race which has seen fellow tech giant Apple fall behind in recent weeks. Microsoft’s six-week run as the largest global company by market value was ended when the bell closed on Wall Street today [...]
Battersea Power Station set to start energy production after 37 dormant years January 7, 2019 The chimneys of Battersea Power Station will work once more when the site starts producing energy again in 2020, three and a half decades since the factory went quiet. The Grade II*-listed building is at the heart of a 42-acre redevelopment project that will introduce a six-acre park, a town square, a new Tube station as [...]