Chinese tech giant Huawei reported revenue figures on Friday, showing a mere 1% increase in the third quarter compared to the previous year, according to CNBC calculations. In contrast, the launch of a new smartphone by Huawei during the three-month period ending in September led to a sales growth in China, while Apple experienced a …
Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it seeks to develop its ecosystem with the imminent release of its own car. CEO and founder Lei Jun said on Chinese social media Wednesday that Xiaomi would release its car in the first half of next year. He did …
Satya Nadella, CEO of Microsoft, arrives to federal court in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Images Microsoft shares surged by 6% in after-hours trading on Tuesday following the release of the company’s fiscal first-quarter results and revenue guidance, which exceeded expectations. Additionally, Microsoft reported a significant increase in …
Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The price of bitcoin briefly exceeded $35,000, marking its highest level since May 2022. This surge was driven by positive sentiment regarding a bitcoin exchange-traded fund and a flight to safety that resulted in a spike in short liquidations. According to Coin Metrics, bitcoin …
Exchange contact information by holding iPhones next to each other Both iPhones must be updated to iOS 17 Reduce errors in entering contact information Apple NameDrop in iOS 17. Apple The next time you’re at a networking event or dinner party, easily exchange phone numbers with a new contact by simply bringing your iPhones close …
According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …
An attendee is seen using a cutting-edge Meta Platforms Inc. Quest 3 virtual reality (VR) headset at an event in San Francisco, California. This event took place on September 18, 2023. Image source: David Paul Morris | Bloomberg | Getty Images In a move that could revolutionize augmented and virtual reality wearables, the Federal Communications …
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia announced today its plan to slash up to 14,000 jobs in response to a significant decline in third-quarter earnings. This move by the Finnish telecommunications giant aims to enhance operational efficiency and reduce costs in light of …
Chesnot | Getty Images News | Getty Images Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told CNBC in an exclusive interview. Coinbase submitted its application for a license under the EU’s new Markets in Crypto-Assets (MiCA) regulation, which is set to come into …
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on Thursday as weak demand for consumer electronics persists. While that was the second straight quarter of profit declines, …