Apple Archives - Wontumi Online

11 Sep

Apple Unveils iPhone 16 Designed For AI

wontumionlineBusinessApple, Iphone 16

Apple has officially taken the wraps off the iPhone 16, marking a major leap forward with its first-ever smartphone designed specifically to harness the power of artificial intelligence. CEO Tim Cook, during Apple’s much-anticipated event, introduced Apple Intelligence — a new AI-driven system built into the iPhone 16 to make it smarter and more personalized for users. Interestingly, Cook opted to describe it as personal intelligence, highlighting its focus on adapting to each user’s needs rather than the broader term “artificial intelligence.” Apple CEO Tim Cook walks on the stage during an announcement of new products at Apple headquarters Monday, Sept.…

10 Sep

Europe Just Delivered Multi-Billion Dollar Blows To Apple And Google

wontumionlineBusinessApple, Europe, google

Apple has lost its fight to dodge a €13 billion ($14.4 billion) tax bill following a ruling by Europe’s top court Tuesday, suffering a blow just a day after the iPhone maker unveiled a host of new products to boost sales. The European Court of Justice also upheld a €2.4 billion ($2.6 billion) antitrust fine against Google, in a separate decision, delivering a double whammy to two of the world’s most powerful tech companies. In the ruling against Apple (AAPL), the ECJ upheld a 2016 decision by the European Commission, which found that Ireland had granted Apple unlawful state aid…

11 Jul

Apple Supplier Drops Out Of $20bn India Factory Plan

wontumionlineBusinessApple, chip-making plant, Foxconn, India

Apple supplier Foxconn has pulled out of a $19.5bn (£15.2bn) deal with Indian mining giant Vedanta to build a chip-making plant in the country. The move comes less than a year after the companies announced plans to set up the facility in Prime Minister Narendra Modi’s home state of Gujarat. Some analysts say it marks a setback to the nation’s technology industry goals. However, a government minister says it will have no impact on the country’s chip-making ambitions. “There was recognition from both sides that the project was not moving fast enough,” Taiwan-headquartered Foxconn said in a statement. “There were challenging…

29 Dec

Apple And Tesla Shares Tumble Amid Supply Issues

wontumionlineBusinessApple, Tesla

Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China. Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73% from a record high in November 2021. Companies have struggled to keep production going in China due to Covid restrictions and weeks of lockdowns. Now they are facing a staffing crunch as China battles a Covid wave after lifting years of restrictions. China announced that it will lift its strict quarantine rules for travellers on 8 January, a positive sign for many investors who are seeing an ease in…