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

'Whatever It Takes:' US Commerce Secretary Raimondo Signals Tougher Restrictions on China's Chip Access
US Commerce Secretary aims to restrict China's access to advanced semiconductor tech for military use. Biden administration considers new curbs on Chinese firms.
Apple Backs Down on EU Ban for Epic Games, Clearing the Way to Bring 'Fortnite' Back to iPhones in Europe
Apple has reversed its decision to ban Epic Games on its iOS app store in Europe.
Dutch Government Is Working to Stop ASML From Leaving Amid Immigration Policy Concerns
The Dutch government has initiated talks with ASML to thwart potential relocation amid concerns over anti-immigration policies, highlighting the Netherlands' economic and regulatory challenges.
Industry Reacts to Houthi Attacks Disrupting Red Sea Shipping Routes, Companies Strategize
Houthi attacks disrupt Red Sea shipping, causing global companies like Geely, Tesla, and Adidas to face delays and logistic challenges, prompting strategic adaptations.
Apple’s iPhone Sees 24% Drop in China Sales as Huawei’s Popularity Soars
Counterpoint Research data shows that iPhone sales in China fell sharply during the first half of 2024.
Evolve Renewable Materials Inc: Pioneering Green Technology in Battery Recycling
In order to significantly reduce the demand for new lithium, cobalt, nickel, and manganese and minimize waste and unsafe disposal, efficient recycling of end-of-life vehicle batteries is essential. Ef
Water Shortage Is Potential Price-Hiker for Chipmakers: Here’s Why
Reportedly, semiconductor businesses may confront water shortages as chip production technology advances.
Apple CEO Tim Cook Reveals the Company's Significant Investments in Generative AI
Apple CEO Tim Cook has unveiled the company's significant investments in generative AI during the firm's annual shareholder meeting.
MWC 2024: From Bendable Phones and See-Through Laptops, Here Are Some of the Eye-Catching Gadgets on Display
Here's a look at some of the latest gadgets that were revealed at this year's Mobile World Congress (MWC) in Barcelona, Spain.
2 Chinese Nationals Convicted for Multimillion-Dollar Scheme to Dupe Apple Out of 5,000 iPhones
Two Chinese nationals were convicted by a federal jury in Washington, DC, for their involvement in a fraudulent scheme that would have cost Apple more than $3 million.
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