Finance
Apple’s Four-Pronged Strategy to Weather Tariff Storm: Supplier Pressure, Cost Absorption, and More
April 8, 2025 – Apple Inc. is reportedly preparing a multifaceted strategy to counteract the financial impact of impending tariffs on its products, according to Bloomberg’s Mark Gurman. The company’s global manufacturing footprint faces fresh challenges as new tariffs threaten operations not only in China but also in countries where it has diversified production, including…
Retrospective Render: Unveiling the Unrealized Apple Melbourne Store, Six Years On
April 3, 2025 – Six years after Apple Inc. abandoned its plans to build a flagship store at Federation Square in Melbourne, Australia, due to public outcry, a new vision of what the unrealized store could have looked like has emerged. Designer Filip Chudzinski has utilized 3D renderings to showcase the proposed multi-level pavilion design…
From Buying to Renting: Apple Faces $5 Billion Lawsuit Over Alleged Apple Books False Advertising
April 3, 2025 – A significant collective lawsuit has been filed against Apple Inc. in California, accusing the tech giant of violating false advertising laws and seeking compensation of up to $5 billion, as reported yesterday by tech news outlet MacRumors. The lawsuit, submitted to the United States District Court for the Northern District of…
Automattic Layoffs Hit 16% of Workforce: 281 Employees Potentially Affected
April 3, 2025 – In a significant development, Automattic, the parent company behind a suite of online services including WordPress.com, Tumblr, and WooCommerce, has initiated a round of layoffs. A blog post released by the company on Wednesday revealed that the layoffs would affect 16% of its workforce across all departments. Prior to the layoffs,…
Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position
April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…
Apple Pledges Support for Myanmar and Thailand Earthquake Relief Efforts
March 31, 2025 – Apple CEO Tim Cook announced today that the tech giant will donate an undisclosed sum to support relief efforts in Myanmar and Thailand following the devastating earthquakes that struck the region. In a post on social media, Cook expressed, “Our thoughts are with everyone in Myanmar and Thailand who has been…
Apple Continues Leadership Shuffle with New Global Retail Director Role
March 28, 2025 – Apple Inc. is undergoing a series of leadership restructuring initiatives, with a newly created role of “Global Retail Director,” according to Bloomberg’s Mark Gurman. The tech giant has promoted Vanessa Trigub to the position of “Vice President of Retail Stores and Operations.” Trigub, who previously oversaw retail operations and store management…
Qualcomm Accuses Arm of Monopoly Practices Across Three Continents, Chip Architecture Licensing Model at Risk of Overhaul
March 26, 2025 – UK-based chip design firm Arm, since its acquisition by SoftBank, has gradually shifted its business model from a provider of basic architectures to a full-fledged chip designer. Bloomberg, citing sources familiar with the matter today, reports that Qualcomm has submitted confidential documents to the European Commission, the U.S. Federal Trade Commission…
SoftBank Speeds Up AI Innovation with $6.5 Billion Cash Acquisition of Ampere
March 20, 2025 – In a recent announcement, SoftBank Group has revealed a deal with US-based chip design firm Ampere, where the Japanese conglomerate will acquire 100% ownership of Ampere through a wholly-owned subsidiary in an all-cash transaction valued at $6.5 billion. Under the terms of the agreement, Ampere will continue to operate as a…
Google’s Biggest Acquisition Yet: $32 Billion Cash for Cloud Security Firm Wiz
March 19, 2025 – In a major move today, Google announced its acquisition of New York-headquartered cloud security startup Wiz for a whopping $32 billion in an all-cash deal, subject to potential adjustments upon final settlement. Upon completion, Wiz will be integrated into Google Cloud. This acquisition marks Google Cloud’s strategic investment in two rapidly…