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Apple’s Taiwanese supplier Wistron Plans Capital Infusion

27Dec By Gauri SinghNo Comments

BUSINESS

Apple’s Taiwanese supplier Wistron Plans Capital Infusion

Apple’s Taiwanese supplier Wistron Infocomm Manufacturing India is planning capital infusion and has increased the authorized share capital of the company from Rs 185 crore to Rs 3,000 crore that signals a fresh round of capital infusion into its India unit. Wistron India, at its EGM recently, approved the altered capital clause wherein the authorized share capital of Rs 3,000 crore is divided in 300-crore equity shares with face value of Rs 10, showed a recent Registrar of Companies (RoC) filing. Wistron’s wholly-owned subsidiary SMS Infocomm Singapore has been allocated 10.3 crore shares worth Rs 102.9 crore. An email sent to Wistron on the enhanced authorized share capital didn’t elicit a response. Wistron India, the original equipment manufacturer (OEM) and original...

Apple’s John Giannandrea Elevated as the Senior Vice President of ML & AI

22Dec By Gauri SinghNo Comments

News

Apple’s John Giannandrea Elevated as the Senior Vice President of ML & AI

iPhone maker Apple has elevated John Giannandrea to the company's executive team as Senior Vice President of Machine Learning (ML) and Artificial Intelligence (AI) strategy. Giannandrea, who joined Apple from Google in April, oversees the strategy for AI and ML across products and services, as well as the development of Core ML and Siri technologies. His team's focus on advancing and tightly integrating machine learning into Apple products is delivering more personal, intelligent and natural interactions for customers while protecting user privacy, the Cupertino-based giant said in a statement late on Thursday. "John hit the ground running at Apple and we are thrilled to have him as part of our executive team," said Apple CEO Tim Cook. "Machine learning and AI are important to Apple's fut...

29Nov By Gauri SinghNo Comments

BUSINESS

Microsoft Surpasses Apple & Becomes World’s Most Valuable Company

The technology giant Microsoft has Corp surpassed Apple Inc to become the world's most valuable publicly traded company with a $300 billion rout. After becoming the top company in the world, Microsoft shares rose 0.6 percent Tuesday, pushing the company's market value to $828.1 billion at the close. The last time Microsoft's market capitalization was bigger than Apple was in 2010. Microsoft fell behind Apple as computing shifted from desktop machines to mobile devices like iPhones, making Microsoft's PC dominance less relevant. However, the company has made to the top spot and proved to be the topmost. The rise of cloud computing changed Microsoft's fortunes about five years ago. Under Chief Executive Officer Satya Nadella, the company invested majorly in data centers and other in...

Eureka Forbes & Others Take Steps to Halt Deep Discounting Online

23Nov By Gauri SinghNo Comments

News

Eureka Forbes & Others Take Steps to Halt Deep Discounting Online

Various companies are taking steps to halt the sale of their products at predatory prices in an effort to curb dilution of their brand equity, prevent cannibalisation of offline sales and thwart efforts to push fake products. With this, some are entering into or strengthening direct selling arrangements with online marketplaces. Companies like Sony, Apple, LG and Eureka Forbes are intensifying these measures after Flipkart and Amazon offered heavy discounts and cashback deals during their festive sales. It has been stated that such measures by companies return after two years. Eureka Forbes has taken legal action against 200 vendors for selling its products at deep discounts on e-commerce websites, warning them against making such unauthorised offers because the company has designate...

Walmart Outshines Apple, Becomes No. 3 Online Retailer in the US

17Nov By Gauri SinghNo Comments

USA

Walmart Outshines Apple, Becomes No. 3 Online Retailer in the US

Walmart has reportedly became the No. 3 online retailer in the U.S. overtaking the technology giant Apple. Walmart has been recently making various efforts and it seems that the company got the reward. Amazon still leads by a wide margin, accounting for 48 percent of e-commerce sales in 2018. On the other hand, Walmart (including also Sam’s Club and Jet.com) is supposed to capture 4 percent of all online retail spending in the U.S. by year-end, totaling $20.91 billion. This move has come up following Walmart’s strong earnings which saw the retailer reporting a 43 percent increase in online sales. Also, the company’s year-end forecast for both earnings and sales increased to a great extent. Apart from this, Walmart beat Wall St.’s expectations in its fiscal third quarter, with $1.0...

Apple Launches All New Configurations for MacBook Pro

15Nov By Gauri SinghNo Comments

Tech

Apple Launches All New Configurations for MacBook Pro

The technology major Apple has been quite active for a long time and now, the company has unveiled a bunch of new products during a press event in New York. It shared details of the new configurations for the 15-inch MacBook Pro. The customers can now get a MacBook Pro with an AMD Radeon Pro Vega 16 or Vega 20 graphics processing unit. Before this update, users could only get Radeon Pro 555X or 560X GPUs. As the title clearly suggests, Vega is a new generation of graphics processors. The iMac Pro comes with desktop-class Vega processors that are the Vega 56 and Vega 64. The Vega 16 or Vega 20 are less powerful than the iMac Pro GPUs. In particular, Radeon Pro GPUs use GDDR5 memory just like the PlayStation 4 and Xbox One X. But Vega GPUs now take advantage of HBM2 memory, which pr...

Amazon Partners Apple to Sell New Devices in India & other markets

10Nov By Gauri SinghNo Comments

BUSINESS

Amazon Partners Apple to Sell New Devices in India & other markets

Amazon has struck a deal with Apple to directly start selling more Apple products in India and other markets like United States, United Kingdom, France, Germany and Japan among others. In the coming weeks, Amazon will start offering the latest editions of Apple's iPhone, iPad and other devices like Beats headphones in these markets. The online retail giant will however not offer Apple's HomePod smart speaker, that directly competes with Amazon Echo. CNET was first to report this deal. "We're working with Amazon to improve the experience for Apple customers on their site and we look forward to those customers having another great way to buy iPhone, iPad, Apple Watch, Mac and more," Apple said in a statement. Apple had earlier struck a deal with Amazon rival Flipkart and Infibeam to...

iPhones to Come Up with 5G in the Year 2020

5Nov By Gauri SinghNo Comments

Tech

iPhones to Come Up with 5G in the Year 2020

The first 5G phones are all set to hit the market next year. Motorola is planning to bring next-gen connectivity via a Mod for the Z3, and companies like LG and OnePlus have promised to deliver the tech baked into handsets at some point in 2019. On the other hand, iPhone users may have to wait a little longer. The technology is, of course, an inevitability for Apple so it’s just a question that when will it arrive. A report anticipated the timing around a year and a half out. The “source with knowledge of Apple’s plans” put the 5G iPhone’s arrival at some point in 2020, with Intel supplying the tech this time out. Apparently, Apple and Intel are going through a bit of a rough patch of late, courtesy of heat/battery issues with the 8060 5G modem. Of course, things aren’t rough enough ...

Huawei Aims to Ship 200 Million Smartphones this Year

29Oct By Gauri SinghNo Comments

Tech

Huawei Aims to Ship 200 Million Smartphones this Year

Huawei Technologies Co Ltd is looking forward to ship 200 million smartphones globally this year which will be almost the same number as Apple's annual shipment of 200 to 210 million units. Huawei's consumer business group CEO Yu Chengdong stated that the overall shipment of Huawei’s smartphones is likely to surpass 200 million this year. The company shipped 153 million units in 2017. “We are not pursuing to rank first on the market scale. For us, to be the first in user experience and the ability to innovate are most important,” Yu Chengong said. Along with this, he also told that the company is stepping up developing folding smartphones, which will be launched in 2019. “Bigger smartphones are needed as the digitalized development poses a higher requirement of handsets, but meanwh...

Microsoft Surpasses Amazon to Take the Spot of Second Most Valuable US Company

27Oct By Gauri SinghNo Comments

USA

Microsoft Surpasses Amazon to Take the Spot of Second Most Valuable US Company

The software giant Microsoft has reportedly reacquired its position as the second most valuable US company on Friday. This happened after Amazon showed a disappointing quarterly report as the company wiped $65 billion off the online retailer's market capitalization. The company that tops the list is Apple with over $1 trillion after crossing that threshold in September. Microsoft's market capitalization was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst. The shares of Amazon reduced 7%, the most in nearly three years after its holiday season sales outlook missed targets. Microsoft fell a more modest 2% in a broad technology sell-off that was also driven by a weaker-than-expected report from Google-parent Alphabet, leaving the Nasdaq down 2.1% at...

Apple Updated Its Privacy Website for the US Users

18Oct By Gauri SinghNo Comments

USA

Apple Updated Its Privacy Website for the US Users

The iPhone maker Apple has launched its online tool for the users in the United States and some other countries with the help of which the users can download, change or delete all the data that the iPhone maker has collected on them. Apple has updated its privacy website with the tool, which was rolled out earlier this year for users in the European Union. With this, the iPhone maker will now let users in the United States, Canada, Australia and New Zealand see and download all information that Apple has collected on them. It also plans to roll out the same tool for all users aosscr the globe by the end of the year. Apple devices such as the iPhone or Apple Watch collect detailed data about users, such as whom they email, call or text message and even biometric data such as heart rat...

25Sep By Gauri SinghNo Comments

BUSINESS

Apple Ties up with Salesforce to Bring Siri to More Business Apps

The technology giant Apple has entered into a partnership with an American cloud computing company Salesforce for the purpose of building the iPhone maker's features such as its Siri voice assistant deeper into Salesforce's own mobile apps. Salesforce apps are widely used in the sales and marketing industries. This is a beneficial deal for Salesforce and in turn, the company will build software tools so that the big businesses that use its back-end technology to power their own apps can make better products with features specific to iPhones and iPads. "If you look at enterprise in general, voice has not been used as much as in consumer," Apple CEO Tim Cook said. "We're going to be able to provide the sales rep instant access to things using your voice instead of c...