Global smartphone shipments rose 6.5% in the second quarter, according to IDC data, with generative AI smartphones expected to grow faster than any mobile innovation ever seen. Samsung Electronics (KRX:005930) (Samsung Electronics (KRX:005930)) was in top spot and Apple in second place in the past three months, which was the fourth quarter in a row where shipments had grown, IDC said, but demand remains "challenged in many markets".
Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets.
Alphabet is in the driver's seat to become the next member of the $3 trillion club. Amazon's cloud, e-commerce, and advertising businesses continue to fuel strong growth.
Apple is still an evergreen play on the luxury-tech market. Amazon will profit from the growth of the e-commerce and cloud sectors.
Apple's sales in India hit a record of almost $8 billion in the year through March, Bloomberg News reported on Monday, citing a person familiar with the matter.
Nvidia will continue to grow as the market gobbles up its AI chips. Microsoft has evolved into a high-growth cloud and AI company.
India's antitrust watchdog says Apple abused its dominant place in the app store market. That's according to a report Friday (July 12) by Reuters, citing a confidential report by the Competition Commission of India (CCI) which accuses Apple of engaging “in abusive conduct and practices” in the app store market.
Artificial intelligence is revolutionizing industries and driving economic growth at an unprecedented pace.
Wall Street's biggest businesses -- including artificial intelligence (AI) titan Nvidia, tech giant Apple, and software kingpin Microsoft -- are responsible for leading the major stock indexes to new highs. Investors are always on the lookout for Wall Street's next trillion-dollar companies.
Recent reports suggest Apple could deliver solid growth in its product segments in Q3 2024. Meanwhile, the company expects its upcoming iPhone 16 sales to beat the previous model by at least 10%.
Earnings season is a combination report card and progress report. The headline results tell investors what already happened.
Microsoft's AI initiatives have put it at the forefront of tech's hottest growth area. Apple recently unveiled a new AI platform that could drive a period of revenue growth.