Toyota Targets 15 EV Models and 1 Million Units by 2027 in Strategic Expansion
April 7, 2025 –Toyota Motor Corporation, the world’s largest automaker, is set to revolutionize its electric vehicle (EV) strategy by 2027. The company plans to independently develop approximately 15 new EV models, establishing production hubs across Japan, China, the Americas, and Southeast Asia. This move is part of a broader initiative to significantly boost EV…
Gurman: Apple Unlikely to Assemble iPhones in U.S. Due to High Costs
April 7, 2025 – In a recent report by Bloomberg’s Mark Gurman, it has been suggested that Apple is unlikely to shift iPhone production to the United States in the coming years, despite the latest tariff measures imposed by U.S. authorities. The primary factor cited for this decision is the prohibitive cost associated with such…
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,…
Epic CEO Slams Apple, Google for ‘Mafia-Style Tactics’ as Pop-Ups Cause 60% User Drop
April 3, 2025 – In a blog post published yesterday (April 2), TechCrunch reported that during an event at Y Combinator, Tim Sweeney, the CEO of Epic Games, publicly accused Apple and Google of employing “mafia-style business tactics” to suppress competition through monopolistic practices. Sweeney specifically highlighted that despite a court ruling mandating Apple to…
Apple CEO Tim Cook Realizes $24M from Stock Cash-Out
April 3, 2025 – In a recent development reported by tech news outlet MacRumors yesterday (April 2), Apple Inc.’s Chief Executive Officer, Tim Cook, has reportedly realized profits exceeding $24 million from the sale of company shares. According to filings with the U.S. Securities and Exchange Commission (SEC), Cook sold 108,136 restricted stock units (RSUs)…
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…
Intel’s New CEO Chen Liwu Sets Fire to ‘Non-Core’ Businesses
April 2, 2025 – In a recent report by Bloomberg yesterday, Intel’s CEO, Pat Gelsinger’s successor Chen Liwu, addressed the audience at the ‘Intel Vision Conference’ in Las Vegas, revealing the company’s strategy to divest from non-core businesses and introduce new products such as customized semiconductors to better align with customer demands. Chen emphasized the…
ECB Conference Delves into AI Impact: Long-Term Gains Await Firms Through Initial Hurdles
April 2, 2025 – A groundbreaking study unveiled at a European Central Bank (ECB) conference today reveals that artificial intelligence (AI), despite posing significant challenges in the initial stages of integration, holds the potential for long-term growth and development for companies that successfully navigate its transformative impact. The research team, delving into data from the…