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Market Capitalization of 100 Global Companies Rises To $20 Trillion

29Jun By Gauri SinghNo Comments

News

Market Capitalization of 100 Global Companies Rises To $20 Trillion

The total market capitalization of the top 100 global companies has risen up by 15 percent since last year to $20 trillion. The US stood at the leading position with 54 companies on the list. In terms of the absolute rise in market capitalization, the best and the strongest performer was Amazon gaining $278 billion or 66 percent in the value compared to the previous year. The companies that come after the e-commerce giant are the two Chinese companies - Tencent, up by $224 billion or 82 percent, and Alibaba, up by $ 201 billion or 75 percent. The next three highest performers in absolute terms are all from the US including Microsoft, Alphabet and Apple. According to the reports, the total capitalization of the top 100 global companies has grown on an annualized basis, since the gl...

Apple to bring “Exclusive Made-in-India” iPhone 6s Soon

26Jun By Lavina TolaniNo Comments

Tech

Apple to bring “Exclusive Made-in-India” iPhone 6s Soon

American Technology Major, Apple has given a kick-start to commercial production of iPhone 6s in India at the Bengaluru facility of its Taiwan-based contract manufacturer Wistron, as informed by industry executives. While Apple has already made iPhone SE last May at the Wistron facility, it will now begin producing two models of iPhone locally. The company has been taking a trail undertaking for the second iPhone model in the 6 series since April and has chosen iPhone 6s for sales potential in the market. Additionally, the development also means that any further change in import duties will not include price change in iPhone 6s, a move which could help Apple strengthen its position in the mid-to-premium segment of the Indian smartphone market. According to a source cited by ET, a ...

Indian Developer Raja Vijayaraman wins the Apple’s Design Award

6Jun By Gauri SinghNo Comments

Tech

Indian Developer Raja Vijayaraman wins the Apple’s Design Award

A Chennai-based app developer Raja Vijayaraman has been awarded the reputable Apple’s Design Award yesterday for his iOS app 'Calzy' on the very first day of Apple’s Worldwide Developers Conference (WWDC) 2018, which is being hosted in San Jose, California. The WWDC offers prestigious awards to the best iOS app developers across the globe. Vijayaraman’s app called Calzy which is a modern and beautifully designed calculator app for iPhone/iPad was chosen by Apple for the award. The award is given on the basis of the creative artistry and technicality of the developer that reflected the best in design, innovation and technology on Apple platforms. Today people across 150+ countries use my apps and I just received an Apple Design Award ?. Thanks to Apple’s @AppStore and huge s...

Facebook Grants Deep Data Access to Device Makers

4Jun By Gauri SinghNo Comments

News

Facebook Grants Deep Data Access to Device Makers

The most popular social networking platform Facebook formed an association with a total of 60 gadget makers for the purpose of data-sharing. Out of the sixty companies, Apple, Amazon, BlackBerry, Microsoft and Samsung are some among others that partnered with the social media giant for the defined purpose. Facebook had reached the specified device makers over the last decade, initiating before Facebook apps were extensively available on smartphones. The deals as mentioned, enabled Facebook to grow and expand its extent and also to let the partner companies provide popular social networking features, for instance, messaging, the ability to post photos, directly from a device without using the Facebook app, ‘like’ button and address books. It was also being said that the device compani...

Apple’s iOS 11.4 Software Update is Out with All-New Features

31May By Gauri SinghNo Comments

Tech

Apple’s iOS 11.4 Software Update is Out with All-New Features

The popular technology company, Apple Inc. released its new software update, iOS 11.4 that has come up with a few new features, which may interest the Apple users. The latest update will bring features such as AirPlay 2 and iMessages in iCloud among others. Stating in detail, apart from a couple of performance advancements and bug fixes, iOS 11.4 update focuses on: Update 1 - AirPlay 2 : This update will help us control the compatible home audio system and speakers, which are based on the new AirPlay protocol, throughout our home location that is one can play a song everywhere or transfer music from one room to another using an Apple device or with the help of Siri. This will allow two HomePod speakers to work together as a stereo pair. Along with this, the interesting part is that t...

Apple to Bring OLED Panel Feature in these Upcoming iPhones

30May By Gauri SinghNo Comments

Tech

Apple to Bring OLED Panel Feature in these Upcoming iPhones

The multinational technology company Apple is planning to switch to organic light emitting diode (OLED) displays, similar to that of iPhone X, in the upcoming iPhone models. According to the reports, Apple is expected to launch the three new iPhones in the second half of 2018, out of which two models will feature the OLED display. Apple from the very beginning has been using the LCD display in its models but now, it will make use of a superior quality OLED display. These displays are more power efficient and also, they provide powerful contrast, more vibrant colours and higher brightness. One of the models with come with 6.5-inch and 5.8-inch display-variants and the one is expected to feature a 6.1-inch OLED panel. It is being co...

Top 10 Most Valuable Brands in The World Right Now

29May By Lavina TolaniNo Comments

CHINA

Top 10 Most Valuable Brands in The World Right Now

A new list talking of world's most valuable brands has been released and dragon country China has bagged top spots for the very first time. Ranked at No. 9, Jack Ma's Alibaba has joined along with Chinese Tech Giant Tencent alongside behemoth stalwarts such as Google and Apple. Alibaba has witnessed its brand value go double to $113 billion as the e-commerce firm has diversified its portfolio landing into mobile payments and cloud computing. Meanwhile, Tencent too has managed to secure a place in BrandZ top 10 ranking in 2017 and has gone from strength to strength over the past year. With a brand value of 179 billion, up by 65% compared to the company holds the 5th place behind giants Google, Apple, Amazon (AMZN) and Microsoft (MSFT) but above Facebook (FB). The BrandZ ranking ...

Samsung to Pay Apple $539 Mn For Copyright Infringement

25May By Sheldan RungasamyNo Comments

News

Samsung to Pay Apple $539 Mn For Copyright Infringement

Five days of deliberations, it is what it took the US jury yesterday, to announce that Samsung Electronics Co. Ltd were guilty of copying patented smartphone features by Apple Inc. Therefore, the South Korean giant will have to pay $539 million to the US headquartered company, therefore bringing a closure to the dispute between the archrivals. The world’s two leading smartphone manufacturers have been disputing in court for patents since 2011, when Apple first filed a lawsuit accusing Samsung smartphones and tablets of “slavishly” copying their products. Samsung were found guilty in 2012 but disagreements sprouted over the amount to be paid, therefore leading to the current retrial. However, Samsung did previously pay Apple $399 million as compensation for copyright infringement of p...

Microsoft To Launch a Smaller Low Cost Tablet to Rival iPad

19May By Lavina TolaniNo Comments

Tech

Microsoft To Launch a Smaller Low Cost Tablet to Rival iPad

Technology giant Microsoft is gearing up to launch a new line of low-cost Surface tablets that could go head to head with Apple's famous line of tablets, the iPads. Reported First by Bloomberg, the company's smaller low-cost Surface tablets could arrive as soon as second half of 2018. The new range will sport a 10-inch screen size, smaller than the current Surface Pro laptop line which features a screen size of 12-inches. As per sources, Microsoft this time has softened the appearance of the tablets, rounding off the corners to make it resemble more like iPad. The tablet is also being said to be 20% lighter and feature USB-C ports and be priced at around $400. It is important to note that this is Microsoft's second attempt at making its Surface tablet range less expensive. The fir...

Foxconn Unit Put Downs Another $40 Mn Investment In Snapdeal

15May By Lavina TolaniNo Comments

BUSINESS

Foxconn Unit Put Downs Another $40 Mn Investment In Snapdeal

While foreign investments have been raining in Indian e-commerce marketplace, Foxconn Technology Group has announced another write off of an additional $40 million of its $200 million in e-commerce company Snapdeal. Earlier in August 2017, FIH Mobile had written in its annual report that its entire $200 million investment in Jasper Infotech ( Snapdeal owner and operator) cannot be recovered. Moreover, Foxconn had registered impairment loss of around $160 Mn for its investment in Jasper Infotech for six months and the loss period ended June 30, 2017. FIH Mobile, The subsidiary of world's largest contractor Foxconn has forecasted that the recoverable amount from its investment in Jasper Infotech is $3 Mn while citing the failed merger between Flipkart and Snapdeal as being one of th...

Apple to Become First $1 Trillion Company Soon Beating Amazon

14May By Lavina TolaniNo Comments

News

Apple to Become First $1 Trillion Company Soon Beating Amazon

Apple's market capitalisation topped a record of $934 billion on Thursday making the tech giant come at the verge of becoming the first $1 trillion publicly listed US company which might take over Amazon in the coming times. The iPhone maker also witnessed an impetus after Warren Buffet announced the purchase of 75 million additional Apple shares in the first quarter. Founded in 1976 under Steve Jobs, company's annual revenue had grown to $229 billion which is greater than the GDP's of countries like New Zealand and Portugal. Moreover a 12% surge since its quarterly report last week, the California based company is just 8 percent short of hitting the $1 trillion valuation mark. Meanwhile, Saudi Arabian authorities have said that they expect a planned international public offeri...

2May By Lavina TolaniNo Comments

CHINA

Apple Smartphone Sales Decline Sharply in China, says Analyst Report

Market Intelligence Company Canalys has demoted Apple Smartphone sales in China as a part of "Others category" sharply in contrast from the 2015 peak where its market share was somewhere between 40-50% range in Urban China. Many noted analysts have expressed concern over Apple's plunge in Chinese market including Katy Huberty of Morgan Stanley predicting it as ‘continued weakness in China'. She predicts that the iPhone maker's market share in China might be as low as 18%. "Apple has always been limited to targeting customers in the so-called Tier 1 and Tier 2 cities- larger urban areas with a relatively well-off population.The Cupertino company’s problem in China is two-fold", says the analyst. From a broader perspective, China's current population today st...