Counterpoint: Apple Watch Shipments Plummet 19% in 2024, New Models and Upgrades Crucial for Revival
May 9 2025 – According to Counterpoint’s recently released “Global Smartwatch Shipment Tracker Report for Q4 2024,” Apple Watch shipments experienced a year-over-year decline of 19% in 2024. The report highlighted that Apple Watch shipments fell across all regional markets except India, with the most significant drop occurring in North America, which accounts for over…
Consumer Tech Association Warns of 69% Price Hike for U.S. Gaming Consoles Amid Tariffs
May 9 2025 – The Consumer Technology Association (CTA), the organizer of the renowned CES tech expo, has issued a stark warning about the potential price hikes of gaming consoles in the United States due to new tariffs proposed by the government. The CTA’s latest assessment report delves into a wide range of consumer electronics,…
xAI, Led by Musk, Eyes $120B Valuation in Ongoing Funding Negotiations
May 9 2025 – According to a report from The New York Times today, Elon Musk’s AI startup, xAI, is currently engaged in discussions for a fresh round of funding, with its valuation potentially skyrocketing to $120 billion. In contrast, its rival, OpenAI, recently secured a new funding round in March this year, catapulting its…
Tesla Unveils Long Range RWD Model Y in U.S. at $44,990: A New Electric Contender
May 7, 2025 – Tesla has recently unveiled an expanded lineup for its Model Y in the United States, introducing a new Long Range Rear-Wheel Drive (RWD) variant. Priced at an official starting point of 44,990,thevehiclebecomesevenmoreappealingwiththeapplicationofa7,500 federal tax credit, bringing the effective cost down to $37,490. According to details available on Tesla’s official website, this…
TikTok Unveils $1B Finnish Data Hub to Safeguard 175M European Users
May 7, 2025 – TikTok made a significant announcement today, revealing plans to establish its inaugural office in Finland and launch its first data center project in Kouvola as part of the “Clover Initiative.” The data center, which will be constructed by local developer HyperCo Oy, involves a total investment of 1 billion euros. TikTok…
Rivian Pumps $120M into U.S. Supply Chain to Counter Tariff Strains
May 7, 2025 – On Monday local time, U.S. electric vehicle manufacturer Rivian unveiled a $120 million investment plan to establish a supplier park adjacent to its factory in Normal, Illinois. This move comes on the heels of the company’s previously announced $1.5 billion expansion initiative for its Illinois – based production facility. According to…
Breaking the Chains: U.S. Senator Challenges Apple’s App Store Dominance with New Legislation
May 7, 2025 – Today, tech media outlet The Verge highlighted a new legislative move in the United States, as a Florida congresswoman introduced a bill that could reshape the mobile app ecosystem. Republican Representative Kat Cammack from Florida has put forward the “App Store Freedom Act,” a proposal aimed squarely at major app store…
Apple Supplier Jabil Plans Second Indian Facility to Boost AirPods Casing Production
May 7, 2025 – Apple’s key supply chain partner Jabil is gearing up to establish its second manufacturing facility in Tiruchirappalli, Tamil Nadu, India, to ramp up production capacity for AirPods casing components, according to industry sources cited by DigiTimes. The move follows the company’s existing operations in Pune, where it currently manufactures components that…
Volvo Unveils $1.9B Cost-Cutting Drive, Shares Slide Nearly 10%
April 30, 2025 – Volvo Cars unveiled a significant cost-reduction initiative on Tuesday, local time, targeting an estimated $1.87 billion in savings, while simultaneously retracting its financial outlook for the upcoming years amid a sharp decline in first-quarter operating profits. The Swedish automaker’s latest financial report revealed a substantial drop in operating profit, plummeting to…
U.S. House Cracks Down on AI-Generated Non-Consensual Pornography with New Bill
April 30, 2025 – On Monday, the U.S. House of Representatives passed a landmark bill aimed at combating the rising tide of non-consensual deepfake pornography, a form of artificial intelligence-generated explicit content often referred to as “deepfake revenge porn.” The legislation, which has now advanced to the White House for presidential approval, seeks to criminalize…