Apple announced a recall of wall plug adapters warning the risk of electric shock. The recall applied to those adaptors used in Australia, New Zealand, Continental Europe, Korea, Argentina and Brazil.
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Sharp to end the bidding war between Foxconn and Innovation Network Corporation of Japan
Sharp Corp board has gathered today to weigh the bidding offers. The competition is between the Taiwanese electronics giant, Foxconn and the Japanese government-backed establishment, Innovation Network Corporation of Japan. While ICNJ has always been the favoured choice, Foxconn is giving it a stiff competition by way of doubling the offered price along with debt pay-offs and retention of management and employees.
Google’s Parent Company Alphabet Wins The Title For ‘World’s Most Valuable Company’ Leaving Behind Apple in Net Asset Value
Google, for the first time, has disclosed financials on earnings, expenditure, asset value and future business planning. From the financials, analysts have found lot of scopes for Google and its parent company, Alphabet to expand. Google’s ad earnings have been witnessed to rise significantly during the year 2015. Meanwhile, it has spent only $3.6 billion in its ambitious technology projects during the same period. The net earning of Alphabet has been reached to $4.9 billion. Adding this earning to the net asset value, Alphabet has been recognized as the worlds most worthy enterprise.
Alphabet beats Apple as the most valuable company
Google's parent company, Alphabet, is now the most valuable company in the world beating Apple. The $568 billion in valuation company recorded a total profit of $4.9 billion for its fourth-quarter earning.
New iPhone: Apple is Developing Wireless Charging for Its Devices To Be Released in 2017
Apple has been showing interests in developing wireless charging technology since they released the first iPhone. Their ambitions have been closer to reality and we could expect to see the new technology to be a key feature in Apple's devices as soon as next year.
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Apple is rumored to launch a new hybrid iPhone called iPhone 5se and new Apple Watch models. The rumor mill has churned out the latest on Apple: Apple will be releasing a new special edition phone based on one of its earlier iPhones, which is expected to be smaller and supports Apple Pay and for capturing Live Photos.
Apple is currently working to offer subscription-based content for its news app and is working with publishers to enable the pay wall. The new feature will put the app stand out compared to other news app available in the market.
This new model is believed to be a cheaper and smaller version to the current iPhone 6 generations. Some physical features would follow the iPhone 6 generations, but the size would be similar to iPhone 5 generations. iPhone 5SE could be an alternative for people who would like the latest features but prefer smaller devices.
Microsoft and Google find it difficult to follow Apple. The two companies are starting to produce their own hardware, which unfortunately are still far from what Apple has. Microsoft is criticized for its Surface Book Laptop, while Google has received hard reviews on its Google Pixel C tablet. It seems that Microsoft and Google are following Apple in the hardware business.
In an Oracle court proceedings against Google, it was revealed that the search engine company could be paying Apple at least $1 billion in revenue-shares. The payment was made to keep Google's search bar on Apple devices. A source named the sharing percentage for Apple to be 34 percent, but it's yet to be officially confirmed nor denied.
Foxconn has put forth a highly tempting offer of over $5 billion in front of the almost-bankrupt Sharp Corp, which well exceeds its current valuation at $1.8 billion. The other potential buyer, Innovation Network Corp. of Japan, who was already very confident, is not so sure of a win right now. Foxconn's bid amount not only surpasses Innovation's $2.5 billion, the Taiwanese firm has also offered to absorb all of Sharp's debts and not make any top management replacements. While the board does not want their Japanese seller to fall under any kind of foreign control, the decision needs to be based purely on deal economics and not political considerations.
Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.
Apple just released iOS 9.2.1 that fixes an iOS bug allowing malicious agents to impersonate end users' identities by granting the read and write access to website cookies.
The child labor reported is taking place in the Democratic Republic of the Congo in cobalt mines. The estimation says that about 40,000 children are working for the mines. Companies listed in the report gave various responses following the accusations.
