Consumer Electronics

Apple's 10% iPhone Discount Boosted China Shipments to 12% in March

A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.


EA Admits Spending Cuts Plan After Failing to Reach Annual Bookings Target

Electronic Arts (EA) revealed that their full-year bookings were forecasted to be between $7.3 billion and $7.7 billion, which is below Wall Street estimates of $7.76 billion...

Sam Ash Closes All 42 Stores After 100 Years

Musical instrument retailer Sam Ash announced it would be closing all of its stores by July 2024 after 100 years in the business...

Microsoft Xbox Announces Closure of Four Gaming Studios Over Disappointing Sales

Microsoft's Xbox is closing four gaming subsidiaries, including Arkane Austin, due to disappointing sales, although specific job losses weren't disclosed...


Latest News

Apple Plans to Integrate Chinese AI Technology Into iPhone 16 And More After CEO Tim Cook's Shanghai Visit
Apple responded to declining sales in China by planning to integrate Baidu's AI technology into its upcoming iPhone 16 and other products for the Chinese market, following CEO Tim Cook's visit to Shan
Elon Musk Backs Nvidia as Tesla, xAI Invest Big in Hardware for Rival AI Development
Elon Musk's companies, including Tesla and xAI, heavily rely on Nvidia's technology for AI development.
DOJ Plans To Sue Apple Over Alleged Antitrust Law Violation
The DOJ is preparing to file suit against Apple on Thursday, alleging that the company violated antitrust laws by preventing competitors from accessing hardware and software features of iPhone.
Hindenburg Research Accuses Equinix of Accounting Manipulation, 'Selling an AI Pipe Dream'
Hindenburg Research accuses Equinix of accounting manipulation and misleading shareholders with an "AI pipe dream," prompting market shock and investor reassessment.
Apple CEO Tim Cook Visits Shanghai as Pressure Mounts on China Sales
Apple CEO Tim Cook arrives in Shanghai ahead of a new retail store opening and decreasing iPhone sales.
Joann Fabrics Files for Chapter 11 Bankruptcy, Pledges to Keep Stores Open Amid Financial Turmoil
Joann Fabrics, a stalwart in the industry for 80 years, faces bankruptcy due to overwhelming debt. However, with new financing, it aims for a swift restructuring to maintain operations.
Samsung Plans Using Own Exynos Chips for Galaxy Smartphones as Part of Cost-Cutting Effort
Samsung now wants to use its own Exynos chipsets for Galaxy smartphones. Can it really save money?
Apple Might Use Google's Gemini to Empower iPhone With Generative AI Features; Here's When Will It Arrive?
Apple and Google are in talks to create Gemini-powered iPhone AI features! Here's what consumers need to know.
EU Commission Launches Formal Investigation into Alibaba's AliExpress Over Illegal Content Concerns
The European Commission launched a probe into AliExpress for alleged dissemination of illegal content and pornography under the Digital Services Act, marking the third formal investigation.
Apple to Open New Retail Store in Canada's Second Largest Mall
Apple will soon open a new retail store at Square One Shopping Centre in Ontario, Canada.
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