Qualcomm Extends Apple Modem Deal to 2027, Dashing Hopes of In-House 5G Chip for iPhones
February 01, 2024 – Qualcomm has announced its financial results for the first quarter of fiscal year 2024, reporting revenues of 99.35billionandnetincomeof27.67 billion. In a related development, MacRumors reports that during the earnings call, Qualcomm disclosed an extension of its modem chip licensing agreement with Apple until March 2027. This two-year extension of the existing…
New Samsung Union Emerges, Uniting Four Subsidiaries with Over 13,000 Members
February 01, 2024 – In a recent development, it has been reported that four subsidiaries of the Samsung Group – Samsung Electronics DX (Device Experience), Samsung Fire & Marine Insurance, Samsung Display, and Samsung Biologics – have come together to form a unified labor union known as the “Samsung Cross-Enterprise Union.” With a membership exceeding…
HMD Global Announces Debut of First-Ever HMD Phone, Marking the End of an Era for Nokia
February 01, 2024 – In a recent announcement, Jean Francois Baril, the CEO of HMD, revealed the launch of the company’s own-brand smartphones, marking a significant milestone in the company’s journey. According to reports, HMD is set to unveil its first-ever HMD-branded smartphone at the upcoming Mobile World Congress in February. This move also signifies…
Apple Adds 2012 MacBook Pro to List of Vintage Products, Marking End of an Era for CD/DVD-Equipped Macs
February 01, 2024 – Apple has recently updated its list of vintage and obsolete products worldwide, with the notable addition of the MacBook Pro (13-inch, Mid 2012) model, marking the last Mac sold by the company to feature a built-in CD/DVD drive. First released in June 2012, this particular 13-inch MacBook Pro continued to be…
Facing the Specter of Mediocrity: ByteDance CEO Calls for Heightened Crisis Awareness
January 31, 2024 – In the annual all-hands meeting for 2024 at ByteDance, CEO Liang Rubo delivered a speech where he repeatedly emphasized the need for a “sense of crisis” and included “strengthening this sense of crisis” as one of the company’s yearly objectives. Liang candidly admitted that his greatest concern stems from the fear…
iPhone 16 Series to Maintain Familiar Design, Major Changes Anticipated in 2025
January 31, 2024 – Recent reports suggest that Apple’s upcoming iPhone 16 series will not feature any significant design overhauls, according to noted analyst Ming-Chi Kuo of TF International Securities. In his report, Kuo anticipates that the tech giant is unlikely to introduce a radically redesigned iPhone until 2025 at the earliest. This delay also…
Tesla CEO Elon Musk’s US$55 Billion Compensation Plan Rejected by Delaware Court
January 31, 2024 – News emerged on the 31st that Tesla CEO Elon Musk’s US$55 billion compensation plan has been rejected by the Chief Justice of the Court of Chancery in Delaware, following raised by Tesla shareholders. The judge opined that the massive stock option award granted to Musk by Tesla in 2018 was unfair,…
Samsung Electronics Reports Historic Low Profits in 2023, Blames Semiconductor Downturn
January 31, 2024 – In a recent announcement, Samsung Electronics has revealed its financial results for the fourth quarter and the entirety of 2023, painting a bleak picture for the tech giant. The company’s operating profit for the year plummeted by a staggering 84.86%, reaching a historical low of 6.567 trillion Korean won (approximately 35.4…
OpenAI Debuts on Hurun Global 500 as Valuation Surges, AGI Research in Focus for 2024
January 31, 2024 – The Hurun Research Institute today unveiled its “2023 Hurun Global 500” list, highlighting the world’s top 500 non-state-owned enterprises ranked based on their market value or valuation. It is reported that the threshold for entering the Hurun Global 500 has increased by 7% compared to the previous year, amounting to a…
Tesla Unveils Bold Capital Expenditure Plans for 2024 and Beyond
January 30, 2024 – Tesla has today shed light on its capital expenditure plans for 2024 and beyond through the release of its 10-K report. In keeping with its tradition of increasing investments, the electric vehicle giant anticipates spending at least 10billionthisyear,anamountthatequatestoapproximately71.8billionChineseyuan.For2025and2026,thecompanyhasbudgetedbetween8 billion and $10 billion. Acknowledging the dynamic nature of its undertakings, Tesla cautioned…