Skip to main content

Posts

Showing posts from April, 2018

Apple Plans Software Update for Chinese iPhone Users to Resolve Sales Ban

Apple says it will push a software update to Chinese iPhone users in a bid to resolve issues concerning a recent court order stopping sales of older models of its smartphones in China over disputes with chipmaker Qualcomm.

The company said in an e-mailed statement to Reuters that it'll “deliver a software update for iPhone users in China addressing the minor functionality of the two patents at issue in the case.” “Based on the iPhone models we offer today in China, we believe we are in compliance,” Apple said.


Even with this, Qualcomm general counsel Don Rosenberg opposes, stating “Apple continues to disregard and violate the Fuzhou court’s orders”. “They are legally obligated to immediately cease sales, offers for sale and importation of the devices identified in the orders and to prove compliance in court,” He said.

“The Fuzhou Intermediate People’s Court in China has granted the Company (Qualcomm)’s request for two preliminary injunctions against four Chinese subsidiaries of A…

Xiaomi prepares for $10 Billion IPO

image credit: Xiaomi

Let's brace up! Another public offering is on the way, Xiaomi, The popular Chinese electronics brand led by Kingsoft co-founder and chairman Lei Jun is going public, Guess what? They're raising a whooping $10 Billion on the Hong Kong IPO market.

Xiaomi as a company has very awesome and innovative perks which include the company's recent promise to distribute cash back to its customer (Yes they said that) if the profit gets too high.

The company said it'll forever limit its profit margins after tax on smartphones, Home devices and other hardware to just 5%.

This upcoming IPO will be the current biggest of this year with marketers saying the company is very expectant of a valuation of well above $100 Billion, Ahead of the public offering two of its eight co-founders recently resigned from the company which comes during the company's re-structuring in preparation for its IPO.

Xiaomi's IPO will be the biggest since Alibaba's $25 Billion IPO…

Walmart may join hands with Alphabet to purchase huge Flipkart stake

As of recent, The news that Walmart is preparing to buy a 51% stake in Flipkart has been everywhere but right now, Information has been released that Walmart may get Alphabet to join in its bid in addition to four board seats in the company if the deal goes through.

This comes as the company wants to compete fiercely with major e-commerce competitor Amazon through every way possible, Targeting India which is a very good market for huge growth is  very unique and good strategy for the company.

Walmart has reportedly offered to buy up a huge (85 - 86)% of Flipkart through a combination of different investments which will involve current shareholders including Tencent, Softbank, Naspers, ebay inc, US based hedge fund Tiger Global Management and other shareholders partly or fully sell its stakes at choice.

Walmart is also reportedly negotiating with Flipkart founders, Binny and Sachin Bansal for the entire purchase of their stakes in the company.

This acquisition will be the biggest in t…

God of War sells high!

According to analysts GFK Chart-Track, Far Cry 5 released just a month ago which is the current best selling game of the year has been pushed to no 2 in the UK by the recently released "God of War" when beaing measured by physical game sales only.

Also coming to the top 5 include Fifa 18, Mario Kart Deluxe and the awesome console 'The Nintendo Labo Variety Kit' which comes in at number 3 best selling entertainment item on the list.

It's very amazing that  God of War retains its first position despite it only being released for the PS4 currently.



The gaming industry is a very competitive one so we can always watch and use the above linked analysis to monitor the battle for sales between video games and its consoles.


The top ten from the list include;


God of WarFar Cry 5Nintendo Labo Toy-Con 01: Variety KitFIFA 18Mario Kart 8 DeluxeFallout 4Call of Duty WW2Super Mario OdysseyPlayerUnknown's BattlegroundsGrand Theft Auto V





Watch Dogs 3 might be on the way!

Well, If you're a Watch Dogs fan, You better be very happy, Your fellow fans have been trailing a series of clues and guess where it headed to? The fact that Watch Dogs 3 might be dropping very soon! Where did the information come from? well blame an April fool's joke, a deleted tweet and an AI bot who talks too much.

Watch Dogs publisher Ubisoft's recent April fool's joke allowed its users to hack into an admin part of its website, yeah you get that....We're always hacking in Watch Dogs....Users were able to access some pieces of information and Easter eggs on its site...then came a tweet by the company saying "This is Everything" in reference to Watch Dogs' popular phrase "Everything is Connected" The tweet was immediately deleted....Then came its AI bot Sam which when asked about the Wath Dogs sequel, responds saying ""Watch Dogs 3 is not finished yet, but from the last early build I tried it's very solid. The Dev team work…

The Zozosuit will now be doled out to consumers!

Start Today Co.

In what we term as wonderful innovation in fashion, Japanese founder/tech billionaire Yusaku  Maezawa has made it known that Start Today Co. The company he runs which operates popular fashion site Zozotown will begin doling out its Zozosuit, A piece of tight clothing which will measure every proprtion of the buyer's body and don out his/her exact size of choice and clothing, Zozosuit is advertised on its official website using the catchphrase 'Welcome to a Size Free World'.




Clothes of the perfect fit will now be delivered to customers which will bring with it a wonderful shopping experience and a swath of consumer recommendations, The Zozosuit contains over 150 integrated sensors which in turn captures 15,000 accurate body measurements to enable delivery of clothing of the perfect size.

Pre-orders for the Zozosuit was launched last year with the company now fulfilling its promise of delivering the body measurement suit to its buyers.





Infinity War makes history!

Courtesy : Marvel

Recently released blockbuster Avengers : Infinity War has broken box office records with the movie grossing a huge $630 million global gross in its debut weekend, This is highest weekend gross recorded of any movie in history.

Statistics also shows that the movie raked in a huge $250 million in North  America alone, It's calculated international weekend take of $380 million beats that of  The Fate of the Furious, Star Wars and other very notable movies.

The movie which carried a production budget of about $300 - $400 million was directed by the notable Russo brothers (Joe and Anthony Russo), The same Russo brothers were also the top directors two years ago by box office gross with their' Captain America : Civil War scoring $1.15 billion in total at the global box office.

Marvel has surely been winning as of recently with its recent Black Panther movie having grossed $1.3 Billion worldwide in addition to its new' Infinity War.

Marvel, which is in turn owne…

The Red Magic sells out within 37 seconds!

Courtesy : Red Magic

ZTE subsidiary Nubia recently held a huge flash sale on Jingdong Mall (JD.com), Part of this sale involved the Red Magic gaming phone, The new phone was part of three devices selected for the flash sale and guess what? The entire inventory consisting of 10,000 phones sold put within 37 seconds!

The smartphone was previously put up on Indiegogo (more of a publicity stunt than actual need for funding) so users couldn't just wait to get their hands on it causing the entire inventory to sell out so fast......we mean so fast the sale ended as soon as it started.

The smartphone starts with a price of about $500 with another flash sale coming 2 days from now, Nubia is likely going to make available a whole lot of the gaming phones! given its extremely swift sale.

We have witnessed a recent comeback of awesome gaming smartphones as of recent starting with the Razer Phone and the Black Shark which comes from a startup backed by tech giant Xiaomi.

You should now get rea…

ServiceNow Founder Fred Luddy Is Now a Billionaire!

Image credit : WBIW

It seems Forbes is so good at predicting their future well.......Billionaires....It did that for ServiceNow founder Fred Luddy way back in 2012 and guess what? He is now a billionaire! This is according to a recent report from Bloomberg, Fred currently has a stake of $240 millio in the firm and has in total sold shares worth $900 million plus which brings his net worth to a whooping $1.1 Billion.

Since ServiceNow went public, Iit's market capitalization has grown to 8 times its debut value with the company now being valued at $29 Billion.

The company which had revenues north of $200 million in 2012 has grown to $1.93 Billion in revenue for 2017.

It looks very nice with extreme innovation and wealth popping up so fast from the technology sector, We should now sit up and achieve more of awesome things like this.




Report: Apple is working on an Insane VR headset

Apple

A recent report has suggested that Apple is not just working on the development of its own AR glasses, The company currently has set its sights on the release of a very powerful VR headset in two years time.

This new move will push the company further into competition with its peers of  Facebook, Google and Microsoft.

The project code-named T288 involves the production of a super VR headset with 8K display for each eye with a wireless connection for its stand-alone box which will be powered by a processor coming from Apple which would be the main brain behind the VR sysem.

Apple didn't comment on this report but let's hope the company will deliver the best headset for its customers.




The Essential is now available in much more countries!

Essential 

Essential, The Smartphone company lead by Android creator Andy Rubin has opened up its online store to more countries which include Canada, France, Japan, The UK and Germany, The Essential could actually be purchased in other countries through services like Amazon but as of now, Tthe company now officially sells it through its own online store.

Essential announced this move via Twitter yesterday;

Starting today, we’re opening the https://t.co/5XqZeQu9cW store to orders from more countries, including Canada, France, Japan and UK. Special terms and conditions apply to these orders, so please read the information carefully: https://t.co/uZK8sLvUA5pic.twitter.com/QXEWf8OEnE — Essential (@essential) April 27, 2018
The phones will sell at its price of $499 with customers paying in their local exchange rates.

This latest step makes the Essential PH-1 which currently is distributed in the US through Amazon, Best Buy and Sprint much more available to consumers with Essential obviously…

Nintendo is giving us a new game

Image credit: Nintendo/RPG site

It has been recently announced that Nintendo will now collaborate with Cygames on a mobile Role-Playing Game called 'Dragalia Lost'.

This new release is coming this summer to Japan, Hong Kong, Taiwan and Macau after which follows various regions in North America and Europe.

Nintendo is purchasing a 5% stake in Cygames as part of the collaboration, Cygames is well known for its extremely popular game 'Granblue Fantasy' which has grossed over 10 million downloads in Japan.



This new game comes as Nintendo announced over 500% year-on-year increase in profit.

Nintendo will surely impress players with this new mobile RPG whilst we wait for the release.








Snapchat outs a new version of its Spectacles

Snapchat has released a new version of its Spectacles, This is the second attempt at its smart glasses after its first attempt didn't really come off as a spectacular success even after selling 220,000 units.

The new version of its Spectacles will be more comfortable to wear and comes with more features.

The new smart glasses will be available through Snapchat's own Spectacles.com instead of its previous vending machines and other online retailers, This comes in as a method of solving inventory problems the company encountered in the process of getting its first version into the hands of consumers.

This new model takes both photos and videos in comparison with the first version which only made room for video capturing.



The new Spectacles are also water resistant which is why as shown in the video above, Snapchat encourages its buyers to make use of the smart glasses in shallow water.

Different companies have dabbled into the same of connected glasses but the market hasn;t pro…

The OnePlus 6 is coming May 16th

OnePlus

Well, it was worth the wait....The OnePlus 6 released date has been announced - May 16 ; Location : London, The launch event is termed 'The Speed you need' this reportedly shows what we expect from the phone - Huge Speed.

The launch event ticket costs $22 for a while, By 8pm on Friday the price shoots up to $42.

Over one thousand tickets for the London launch event are available with the Chinese and Indian event coming up a day after on the 17th of May.



The tickets to the London event can be purchased at OnePlus' website while the tickets for the Indian event will be available at oneplus.in.

OnePlus promises that its new smartphone will be bigger and better therefore the customers should expect an awesome! product.








Udacity comes in with a cyber-security program

Sebastian Thrun, Udacity co-founder
Udacity, the educational start-up co-founded by self -driving vehicle pioneer Sebastian Thrun has launched a new nanodegree - guess where? This time, they're dabbling in cyber-security.

According to Udacity's post, this new course involves Training the Next Generation of Cybersecurity Professionals, Addressing the Talent Gap, World-class AI and Data training and also an Invitation to the industry.


Udacity


Given that Udacity was involved in the training about 10,000 of just 300,000 AI engineers currently in the world today who innovate excessively and rake in huge salaries, Udacity will be very good to go on their new cyber-security program.

The new nanodegree was officially launched at the RSA conference which ended 3 days ago which came with a call for partners with its new cyber-security program.

This is a good time for a cyber-security program given that Udacity is one of the best (if not the best) learning platforms available and with all…

Discord is now a Unicorn!

Discord Inc, the creator of the extremely popular chat app for gamers has grabbed an extra $50 million in funding, this time at a $1.65 Billion valuation.

This new round of funding is reportedly led by Benchmark Capital, Greylock Partners, Tencent Holdings, IVP and Spark Capital.

Discord had previously raised $129.3 million in total at a most recent valuation of $775 million.


Discord

Discord's online communication software had 90 million users at the beginning of this year, With this huge statistics Discord just joined the line of messaging tools gaining very huge valuations, Recent huge gainers include Whatsapp, Telegram and Slack.

The huge rise of online multiplayer games have heavily contributed to Discord gaining its huge number of users, Notably the rapper Drake created a Discord account while live-streaming with Fortnite's awesome player Ninja to make room for better and clearer communication.

The fact that Discord just launched roughly three years ago and has gained thi…

Boosted outs new boards

Boosted

Boosted first showed up with an electric board about six years ago then a while after that which translates to now, The company has come up with a new shorter and cheaper board for its customers.

The new electric boards are named the 'Boosted Mini', 'Boosted Mini S', 'Boosted Mini X' and the 'Mini X' .

The Boosted Mini S comes at a price of $749 which makes it Boosted's cheapest electric board ever, the Mini X also comes at a price of $999.

In addition to that, Boosted also announced new third generation versions of its boards which is the 'Boosted Plus' and 'Boosted Stealth', The new boards are available for purchase through Boosted's website except for the Plus and the Stealth which will start shipping late next month/early June.

The new boards can be paid for in 12 month installments in order to ease the cost for Boosted's buyers.






Amazon increased R&D Budget by 41% year on year to nearly $23 Billion

Amazon C.E.O Jeff Bezos credit: Wademy

The top five spots in the US for R&D expenditure last year was grabbed by tech companies with Amazon claiming the top spot with a huge $23 Billion R&D budget coming from the company.

The top five companies spent a cool $76 Billion with Alphabet, Intel, Microsoft and Apple grabbing the remaining five spots respectively.

IBM also spent $5.8 Billion on R&D last year.

Facebook came ninth place with the company spending $7.8 Billion on its R&D for the year.

Amazon comes first with its long term strategy of putting back nearly all of its profits into its new businesses and technologies, a strategy which was paid off very much with its cloud computing arm becoming a major profit generator along with Amazon Prime and its main online marketplace business.

Microsoft also filed 2,558 patents last year with Amazon coming second place with 1,972 patent applications and 2,704 patent awards.


Apple has released a new RED iPhone 8 and 8 Plus

Today, Apple has announced a new special edition RED iPhone 8 and iPhone 8 Plus, This new edition gives customers a very beautiful form of the new generation iPhone with an awesome red and black color combo.

The Product is now available to order online and will pop up in retail stores 3 days from now.

Also adding to this, Apple has released a new iPhone X Leather Folio which is crafted from unique European Leather for an amazing luxurious look for the consumers.



The new edition iPhone will be available in 64GB and 256GB versions coming at a retail price of $699 from Apple's website, The new iPhone X Leather Folio will also be available at the same web location.

Every customer who buys the new Edition from Apple will be offered free Personal Setup online or in-store, The new phone can also be gotten through Apple's iPhone upgrade program.


Brief - World's most valuable AI startup Sensetime raises $600 Million

Sensetime C.E.O Li Xu


World's most valuable Artificial Intelligence company Sensetime has grabbed a Series C round of $600 Million at a valuation of over $4.5 billion which is a $3 Billion dollar jump from its most recent $1.5 Billion dollar valuation.

Tech giant Alibaba which is now Sensetime's largest investor led the massive round of investment into the company.

Qualcomm, Electronics company Suning and Singapore's Temasek Holdings also participated in this round.

The worlds most valuable company plans to use this capital to expand its overseas presence and widen its industrial scope according to its C.E.O Li Xu.


Robotics company 6 River Systems grabs $25 million

credit : CNBC

The e-commerce industry is booming! booming so well with so much innovation, investment and effort being put into it, 6 River Systems is a company which makes robots to speed up production in different warehouses and collaborates with humans to out more efficiency, This company right now has benefitted from this boom.

6 River Systems has announced it's grabbed a $25 million Series B round with this investment coming with the aim of helping the company expand and break into more markets, The Start-up which was founded by former Kiva (acquired by amazon) executives has now raised a total of $46.6 million with the current round being led by Menlo ventures.

As of current, 6 River Systems has delivered 600 of its robots to 30 sites which have aided in the packaging of various products, medical supplies and other general warehouse jobs.



Also as of recent, two other warehouse robotics companies have grabbed (maybe co-incidentally) the same amount ($25 million) in their most…

Ed-tech company Pluralsight files to go public

photo credit : CNN Money


Pluralsight, the ed-tech company which has been a unicorn for a few years now has announced it's confidentially filed for a public offering.

Pluralsight, a company created 14 years ago by its current C.E.O Aaron Skonnard along with Keith Brown, Fritz Onion, and Bill Williams deals with online education offering a variety of online education courses for software developers, creative professionals and IT administrators through its website bootstrapped for 9 years before raising different rounds of investment totaling $200 million starting from 2013.

Companies and small businesses pay for their employees to be trained by the company which has given it a very good source of revenue with individuals also subscribing to its services, As of its most recent report, the company had revenues of over $100 million.

Pluralsight now joins its peer of tech companies going public this year, Dropbox went public about two weeks ago, DocuSign publicly filed for IPO last wee…

Most Read Posts

Hertz Partners with Clear to Make Use of Biometrics to Speed Up The Car Rental Process

Car rental giant Hertz has partnered with biometrics firm Clear for a new service that makes use of biometrics to speed up the car rental process and make sure travelers get through the exit gate and on the road in 30 seconds or less, a time savings of at least 75% for customers.

To use the service dubbed Hertz Fast Lane powered by tech from Clear, members would enroll just once for easy identification leading to a simple and smooth experience at over 40 car rental locations across the U.S. adopting this technology.


It's already available at the Hartsfield–Jackson Atlanta International Airport and will be rolled out to other planned locations throughout next year. These locations include some of the busiest U.S. airports like the John F. Kennedy International Airport, San Francisco International Airport and Los Angeles International Airport (LAX).

Now, Hertz Gold Plus Rewards loyalty members who sign up and link their accounts to Clear will be able to verify their identity and renta…

Revolut Obtains European Banking License via Bank of Lithuania

London based Revolut has obtained a banking license via the Bank of Lithuania, the European country's central bank which has granted regulatory approval for it to operate throughout the European union. This marks Revolut as the first London-based fintech to receive a banking license and puts it on par with the likes of Adyen, Klarna and N26 who have obtained banking licenses in other European nations.
Revolut plans to launch checking and savings accounts and also go into business and retail lending, expanding from just a no-fee pre-paid debit card provider to an all-round financial technology provider offering broader services including budgeting, currency exchanges and crypto wallets for its users.

A banking license is required for expansion into broader services for Revolut, a $1.7 billion valued leading fintech startup with more than 3 million customers and 250 million transactions totaling more than 25 billion pounds made on its platform. 
"Our vision is that retail and bu…

Uber Reportedly Selects Morgan Stanley to Lead Next Year IPO

Uber has reportedly selected investment bank Morgan Stanley for its long-awaited IPO scheduled for next year putting the bank which has lead IPOs for technology companies including Sonos, NIO, Tenable, Bloom Energy, Domo and Moderna Therapeutics in a position to reap a large gain from a public offering which could value Uber at $120 billion.
Bloomberg reports Goldman Sachs is also likely to play a role in the IPO which would mark one of the largest debuts ever and will likely be the largest listing to take place next year. Morgan Stanley was previously reported to have helped Uber draft its IPO prospectus.

Rival Lyft's IPO is being led by JPMorgan Chase with the help of Credit Suisse and Jefferies Financial Group. It's said to be targeting a valuation between $18 billion - $30 billion for its debut. 
Big winners from the Uber IPO will include Softbank which purchased $8 billion of shares from investors and $1.25 billion worth of new shares in what marked as the largest equity…

Apple Pay Kicks Off in Germany

Four years after a first launch in the U.S., Apple has launched its mobile payments service in Germany making a total of 33 countries Apple Pay can now be used in. Customers at banks like Commerzbank unit Comdirect, Hanseatic Bank, Deutsche Bank and Wirecard and also of credit card providers Visa, American Express and Mastercard are now able to use Apple's Boon app in the country.
Retailers like supermarket chain Kaufland, Aldi and Lidl, Zara, H&M, MediaMarkt and Esprit will accept payments with Apple Pay which enable customers transact easily by holding their smartphone in front of payment terminal.

"We are delighted to now offer boon via Apple Pay to all owners of an Apple device. Together with Apple Pay, we are further enhancing the user experience for consumers and thus advance the digitization of payment processes globally." Wirecard Executive Vice President (for) Consumer Solutions Georg von Waldenfels said in a press release.
A dispute over fees is said to ha…

General Electric Sells Majority Stake in ServiceMax to Silver Lake

General Electric has announced it's offloading a majority stake in ServiceMax, the cloud-based software provider it scooped up for $915 million to private equity firm Silver Lake. GE will retain a 10% stake in ServiceMax after the deal closes.
General Electric's software arm, GE Digital has also entered into a reseller agreement with ServiceMax that'll ensure ongoing collaboration between both after this sale to serve joint customers including General Electric’s industrial business unit.

According to GE, ServiceMax in its two years after acquisition has delivered growth that has outpaced the market and will as a separate company possess the strategic focus required to dig deep into the $34 billion global Field Service Management software market opportunity.
It's estimated that majority of the 39 million field technicians globally responsible for installation, maintenance  and repair of machines do not have access to Field Service Management software like ServiceMax wh…

Postmates Unveils New Delivery Robot, 'Serve'

Postmates has unveiled a robotic delivery device built from the ground up to deliver small items over short distances effectively. The new autonomous robot, Serve pairs a patented "Socially-Aware-Navigation system" with proprietary Postmates software to join the Postmates fleet of over 350,000 couriers in delivering items to its users.

It runs on electricity and moves at walking speed, enabling it to route deliveries away from crowded streets and onto sidewalks. "7 years and hundreds of millions of deliveries later — we realized that we are in unique position to create our very own autonomous delivery vehicle" A post from Postmates read..."By developing an in-house, design-first approach, Serve was built to respect cities, meets customer demands, and helps local businesses sell even more."

The new robot contain advanced set of sensors including Velodyne Lidar and makes use of an NVIDIA XAVIER processor for interaction with the environment. Customers can i…

Shuttered Rideshare Startup Sidecar Sues Uber Alleging Practices 'Hell-bent on Stifling Competition'

Shuttered rideshare startup Sidecar, An early mover in the ridesharing industry alongside Uber and Lyft that went bust after 4 years in operation is suing Uber over what it claims are predatory pricing and anti-competitive practices that put it out of business.
Sidecar's lawsuit filed in a San Francisco district court claims “Uber became hell-bent on stifling competition from ride-hailing apps,” and made use of subsidies and fake ride requests to competing services in order to exert its number one position in the ride-hailing market.

"Instead of competing on the merits, Uber used a number of tactics that are against the law to drive Sidecar out of business." Sidecar co-founder Sunil Paul said in a blog post detailing why the firm is suing Uber. "Uber took illegal steps to undermine Sidecar and other competitors, while it planned all along to raise prices for consumers once it had secured a dominant market position." Paul said. 
"We shut down in December 2…

InVision Picks Up $115 Million Series F Round at $1.9 Billion Valuation

Digital product design platform InVision has picked up a $115 million Series F round led by Spark Capital with participation from Goldman Sachs and existing investors ICONIQ Capital, Battery Ventures, FirstMark, Tiger Global and Geodesic Capital. 
This round which values the company at $1.9 billion also includes a previously reported investment which came along with a partnership from Australian software company Atlassian. Spark Capital Partner and former Google and Square product leader Megan Quinn will be joining InVision's board as part of this deal.




InVision is celebrating hitting five 5 million users on its platform which include team members at companies like Amazon, Netflix, General Electric, Uber, Toyota, Vodafone, Starbucks and IKEA as announced by the company also. It has now raised $350 million in total from an impressive investor list that includes the biggest names in the venture capital scene.
In recent years, The company has evolved from a prototyping tool for desi…

LG Will Unveil a Capsule-Based Beer Making Machine at CES 2019

The 52nd Consumer Electronics Show (CES) event will be holding from 8 to 11 of January next year, featuring over 1,000 speakers, more than 4,400 exhibiting companies and 182,000 persons booked for attendance. One of this exhibitors is LG who will be unveiling the HomeBrew, a machine that makes the brewing process easy thanks to single-use capsules just like in Coffee makers, optimized fermentation algorithm and self-cleaning ability.
The single-use capsules which contain malt, yeast, hop oil and flavoring will let users relax as the HomeBrew automates the entire brewing procedure from fermentation, carbonation and aging to serving and cleaning at the press of a button. A free companion app is also provided to let users check the status of their beer maker at any time.


According to LG, the HomeBrew's optimized fermentation algorithm smartly controls the fermenting process with precise temperature and pressure control for guaranteed brewing success and enhances the quality of beer in …

Apple iPhone Suppliers Reportedly Mulling Production Move if Tariff Hits 25%

A recent report from Bloomberg says Apple suppliers will consider shifting iPhone production away from China if tariffs on U.S. imports relating to the trade spat between both nations climb to 25%. The report states that Apple suppliers intend to continue with the current production model even if tariffs climb to 10% but will consider moving if it hits a more severe 25%.
So far, iPhones, the majority of which are assembled by contract manufacturing company Foxconn in China have been exempted from tariffs in the U.S.-China trade war, But U.S. president Donald Trump told the Wall Street Journal last month that he expects to move ahead with boosting tariffs on $200 billion worth of Chinese goods, calling it “highly unlikely” that a request from Beijing to hold-off a tariff increase will be accepted.

Apple has long assembled its products in China with a large supply chain spanning hundreds of firms involved in the manufacturing of the iPad, iPhone, iPad and other Apple products made in h…