Tag: Technology

BUSINESS

Apple Loses Its Bite

Apple Inc., the multinational technology giant, ceded its position as the world’s most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed its number one position for the first time in almost two years. Investors have been selling shares in technology firms as they move into what they see as less […]

BUSINESS

Amazon Takes Hit In First Quarter

Amazon has reported a first-quarter loss of $3.8 billion due to lower online sales and a fall in the value of its shares in electric vehicle firm Rivian. This is the company’s first quarterly loss since 2015. The multinational technology company sees its sales slip three percent in the first three months of the year, as the boom in its […]

BUSINESS

U.S. Adds Chinese Tech Companies To “Notorious Markets List”

Alibaba and Tencent are two of the latest companies to be added to the U.S. “Notorious Markets List.” These companies are said to be involved with trading counterfeit goods. The list identifies 42 online sites and 35 physical stores, including e-commerce platforms, run by a number of companies. The U.S. trade agency noted that these companies have engaged in or […]

BUSINESS

China Makes Move To 6G Technology

While many countries are struggling to get 5G mobile technology up and running, China has jumped ahead with its sixth generation (6G) mobile technology. According to scmp.com, a Chinese lab reportedly made a breakthrough in sixth-generation (6G) mobile technology. The report noted that the government-backed Purple Mountain Laboratories said that a research team had achieved a wireless transmission speed of […]

BUSINESS

Samsung Set To See 52% Jump in Profit

South Korean multinational electronics technology company Samsung reportedly said it expects to post a 52% jump in profit for the 2021 last quarter, amid the global chip shortage. The world’s biggest memory chip maker estimates that it made $11.5 billion in the period. That would be its highest fourth-quarter operating profit in four years. The company’s earnings were boosted by […]

BUSINESS

Microsoft Joins Work From Home Movement

Microsoft Corporation, the American multinational technology giant has now been listed among a new group of companies that is offering workers the option of working from home permanently. The company recently told staff that they will have the option of working from home permanently with managers’ approval. Companies such as Facebook and Twitter have already approved remote work as a […]

BUSINESS

IBM Seeks New Strategy For Marketing Repositioning

International Business Machines Corporation, the American cloud platform, and cognitive solutions multinational technology and consulting company is splitting itself into two public companies. This move comes after years of attempting to remake itself and regain its leading position in the technology space. IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries […]

BUSINESS

Wanted 33,000 New Employees

Amazon.com, Inc., the American multinational technology company based in Seattle, Washington is seeking to hire 33,000 new employees. According to the company, the job vacancies are in corporate and technology, with pay for many positions rising into six figures. On average, the jobs will offer a total annual compensation of $150,000, including salary and stock awards. The company also plans […]

BUSINESS

Apple Hits The $2 Trillion Mark

Apple Inc., the American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services has become the first U.S. company to be valued at $2 trillion on the stock market. It reached the milestone just two years after becoming the world’s first trillion-dollar company in 2018. Its share price hit $467.77 […]

BUSINESS

Apple — The Most Valuable Public Company In The World

Apple Inc., the American multinational technology company with its headquarter in Cupertino, California, is now reported as the most valuable company in the world. The company designs, develops and sells consumer electronics, computer software, and online services. The company’s shares jumped more than 10% last after the company reported earnings, reaching an all-time high. The stock rose another 2.5% on […]