Finance
ByteDance Set to Develop AI Smart Glasses, Engages in Supplier Talks
April 12, 2025 – Tonight, The Information reported that ByteDance is gearing up to develop its own AI – powered smart glasses. According to an insider, ByteDance plans to integrate AI features akin to Doubao into its smart glasses. Sources revealed that ByteDance is currently in negotiations with suppliers to finalize product capabilities, technical specifications,…
ByteDance’s 2024 Net Profit Hits $33B with Sluggish 6% Growth YoY
April 11, 2025 – Insider sources cited by The Information have revealed that ByteDance achieved a net profit of $33 billion in 2024, marking a modest 6% year-over-year increase that significantly trails the growth rate recorded in 2023. During a recent earnings disclosure to select investors, company executives acknowledged that profit margins had peaked, citing…
Apple Loses World’s Most Valuable Crown as Tariff Storm Shrinks Market Cap
April 9, 2025 – On Tuesday, Apple Inc. relinquished its title as the world’s most valuable publicly traded company as its stock price plummeted amid the implementation of steep tariffs on Chinese imports. The tech giant’s shares fell by 5% on Tuesday, shrinking its market capitalization to just under 2.6trillion.Meanwhile,MicrosoftCorp.surpassedApplewithamarketvalueof2.65 trillion. Since President Trump announced…
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…