Technology
Nvidia braces for billions in losses over H20 chip export rules
Nvidia faces a US$8 billion loss due to the H20 chip export ban, which is affecting China sales and raising concerns about the impact…
Business
Xiaomi sees record-breaking earnings in early 2024 as EV and chip investments pay off
Xiaomi posts record profits as smartphone sales surge and its push into electric vehicles and chips begin to pay off.
Business
Seagate outlines growth strategy and new targets at 2025 Investor and Analyst Event
Seagate sets FY2028 targets and boosts share buyback to US$5B, spotlighting its HAMR tech and long-term growth strategy.
Business
Lenovo reports strong full-year growth with record-breaking revenue and AI-driven strategy
Lenovo reports 21% revenue growth and strong AI momentum for FY 2024/25, with record device and infrastructure performance.
Business
Microsoft to cut 3% of its global workforce despite substantial profits
Microsoft is cutting 3% of its workforce, impacting over 6,500 roles, despite substantial profits and recent growth across the company.
Business
iPhone 16E helps Apple top the global smartphone market in early 2025
Apple tops the smartphone market in Q1 2025 with iPhone 16E, beating Samsung and showing growth across emerging markets.
Business
Apple earned over US$10 billion from U.S. App Store commissions in 2024
Apple made over US$10B in 2024 from U.S. App Store commissions, as a court ruling forced rule changes and sparked further legal debate.
Business
Financial sector outages cost US$2.2 million per hour, says New Relic report
Financial firms face US$2.2M/hour in outage costs; New Relic report shows AI-led observability as key to resilience and digital success.
Business
Spotify sees record operating income and adds 5 million new premium users
Spotify adds 5M new premium users and hits record income as AI playlists and podcasts drive continued growth.
