Apple soars above competition even as smartphone market stumbles, sources say

Apple soars above competition even as smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) expects its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the upcoming iPhone 14 underscore a growing belief among Wall Street analysts that the … Read more

India blocks 119 accounts linked to Chinese Vivo in money laundering probe

India blocks 119 accounts linked to Chinese Vivo in money laundering probe

A scooter rider walks past a shopping complex with the billboard of Chinese smartphone maker Vivo in Ahmedabad, India, December 14, 2018 REUTERS/Amit Dave Join now for FREE unlimited access to Reuters.com Register NEW DELHI, July 7 (Reuters) – India’s financial crime agency said on Thursday it had blocked 119 bank accounts linked to Vivo’s … Read more

Samsung Q2 strong on server chip demand, smartphone cloud outlook

Samsung Q2 strong on server chip demand, smartphone cloud outlook

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea March 23, 2018. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register Profit likely up 15% to 14.46 trillion won -Refinitiv SmartEstimate It would be the highest April-June profit since 2018 Second-quarter chip revenue likely soared 49%, analysts … Read more

Japanese KDDI shares fall nearly 4% after giant mobile network outage

Japanese KDDI shares fall nearly 4% after giant mobile network outage

A man wearing a mask checks his mobile phone at a shopping district amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 25, 2020. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Nearly 40 million users affected by the outage; data service largely restored Stocks recoup some losses after an opening … Read more

KDDI aims to restore service on Sunday after 40 million users affected

KDDI aims to restore service on Sunday after 40 million users affected

A man wearing a protective face mask takes a photo with his mobile phone at midday at Shibuya Crossing during the coronavirus disease (COVID-19) outbreak in Tokyo, Japan March 31, 2020. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register TOKYO, July 3 (Reuters) – Japanese mobile operator KDDI Corp (9433.T) said it … Read more

It’s alive! How Belief in AI’s Sensitivity Becomes a Problem

It’s alive!  How Belief in AI’s Sensitivity Becomes a Problem

OAKLAND, California, June 30 (Reuters) – Artificial intelligence chatbot company Replika, which offers its customers bespoke avatars that talk to and listen to them, says it receives a handful of messages almost daily from users who think their online friend is sensitive. “We’re not talking about crazy people or people who have hallucinations or delusions,” … Read more

Asian stocks suffer a painful quarter, the dollar in poor health

Asian stocks suffer a painful quarter, the dollar in poor health

Men wearing protective face masks amid the coronavirus disease (COVID-19) outbreak use mobile phones in front of an electronic board displaying Japan’s Nikkei Index outside a brokerage in Tokyo, Japan, June 16, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei skids 1.5%, Wall St futures fall 0.4% Japanese … Read more

Japan May retail sales rise faster than expected as COVID restrictions ease

Japan May retail sales rise faster than expected as COVID restrictions ease

Retail sales in May increased by 3.6% year on year against f’cast + 3.3% Retail sales increase by 0.6% m/m seasonally adjusted Consumers Optimistic About Borderless ‘Golden Week’ Holiday Season Consumption supports Q2 GDP rebound, inflation risks loom June consumer confidence at lowest since January 2021 TOKYO, June 29 (Reuters) – Japanese retail sales rose … Read more

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

Tencent shares fall as Prosus/Naspers sell shares to fund buyouts

JOHANNESBURG/AMSTERDAM June 27 (Reuters) – Tech investor Prosus NV (PRX.AS)will leverage its huge stake in China’s Tencent to fund a stock buyback in itself and as the parent company of Naspers (NPNJn.J)the Dutch company said Monday, flipping shares of the Chinese tech giant. The move aims to close a gap between the market value of … Read more

Markets cut inflation expectations as copper slides

Markets cut inflation expectations as copper slides

S&P futures up 0.7%, European stocks gain 0.82% MSCI global stocks eye 2.4% weekly rise Copper falls more than 7% over a week, oil down 3% German 10-year bond yields fall 5 basis points LONDON/SINGAPORE, June 24 (Reuters) – Global equities and benchmark U.S. bonds headed for their first weekly gain in a month on … Read more