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The Latest Breaking News from Canalys

Chinese Smartphone Maker Xiaomi’s Revenue and Profit Slides

Chinese smartphone maker Xiaomi Corp on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Sales in the fourth quarter of 2022 reached 66.05 billion yuan ($9.6 billion), down 22.8% from 85.58 billion yuan a year…

Asharq Al-Awsat

Endor Labs launches 100% channel commitment with new partner programme

Dependency lifecycle management specialist Endor Labs has cut the ribbon on its new global partner programme Hyperdrive, as well as announced a 100% channel commitment. The new channel initiative has been designed to help partners leverage Endor Labs’ technology to create “powerful technology combinations” for supply chain security, dependency selection,…

IT Pro

Apple to cut production of its mid-range iPhone 14 amid tepid demand

Apple is cutting back production of its iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand for the mid-range model, market research firm TrendForce said.

Irish Independent

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Report: Smartphone Sales Sag as Consumers Delay Purchases

Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on essentials instead of the latest gadgets, according to a market tracker. Smartphone sales in the recently ended quarter were nine percent less than in the same period a year earlier, hitting a…

Asharq Al-Awsat

Smartphone sales sag as consumers delay purchases: report

San Francisco (AFP) - Global smartphone sales have slumped this year amid a "gloomy economic outlook," prompting people to spend money on essentials instead of the latest gadgets, according to a market tracker.

AFP

Microsoft Could Be 'Next Shoe To Drop' From Weakening PC Market

Declining sales of personal computers have slammed shares of PC makers and chip suppliers. Now Microsoft stock is in the crosshairs.

Investors Business Daily

Google Looks to Raise its Smartphone Game with Latest Pixel 7

Google is looking to up its smartphone game with the Pixel 7, the latest entrant in a competitive corner of personal electronics where it has traditionally been a bit player. The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that…

Asharq Al-Awsat

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Google looks to raise its smartphone game with latest Pixel 7

Brooklyn (United States) (AFP) - Google is looking to up its smartphone game with the Pixel 7, the latest entrant in a competitive corner of personal electronics where it has traditionally been a bit player.

AFP

As Global Smartphone Shipments Fall To 2-Year Low In Q2, Here's How Apple Did Vs. Samsung And Chinese Vendors

Global smartphone shipments fell to the lowest level in two years in the second quarter of 2022, data from research firm Canalys showed. This followed a brief recovery the market experienced in 2021. The firm also expressed caution regarding second-half performance.

Benzinga

Volkswagen Makes a Promise That Tesla May Not Like

Volkswagen's top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller.

The Street

Volkswagen CEO Talks Big in Battle With Tesla

Volkswagen's top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller.

The Street

AWS Still Leads Race, Google Grows Fastest: How Cloud Market Shaped Up In Q1

The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys. Cloud Spending Maintains Red-Hot Pace: First-quarter cloud infrastructure spending climbed 34% year-over-year and about 12% from the previous quarter to $55.9 billion, Canalys…

Benzinga

Apple Toppled As Smartphone Market Leader In Q1: Here's What Hurt Cupertino's Performance

Apple Inc's (NASDAQ: AAPL) short stint as the market's smartphone leader ended in the first quarter, reflecting seasonal softness and the sluggish performance of the overall market amid

Benzinga

Alibaba Maintains Stronghold Over Chinese Cloud Market: What's Behind The Outperformance

Alibaba Group Holding, Inc.'s (NYSE: BABA) flagship e-commerce business is going through a lean patch, a function of domestic softness and intensifying competition.

Benzinga

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Benzinga

Tesla Facing Increasing Competition From These 2 Carmakers: Report

Tesla, Inc. (NASDAQ: TSLA) is still the leader of the EV industry, but its dominant market positioning is at risk, according to a new report from Canalys.

The Street

Volkswagen Threatens Tesla's Throne in Electric Vehicles

While the Tesla Model 3 was the best-selling electric car in Europe in 2021, Volkswagen was the leading manufacturer of electric vehicles.

Benzinga

Amazon (AWS) Vs. Microsoft (Azure) Vs. Google: How Cloud Revenues Stacked Up In Q4

The big three cloud vendors outperformed the Big Techs this reporting season. Here's a look at how their cloud businesses fared in the quarter. Cloud Spending Buoyant In Q4: Worldwide cloud infrastructure services spending topped $50 billion in a quarter for the first time in the fourth quarter of 2021, research firm…

Benzinga

Why Are Alibaba Shares Trading Lower Premarket?

The U.S. government is reviewing e-commerce giant Alibaba Group Holding Ltd's (NYSE:BABA) cloud business to determine whether it poses a risk to U.S. national security, Reuters reports. The U.S. focuses on how Alibaba stores U.S. clients' data, including personal information and intellectual property, and whether the Chinese government could gain access to it. …

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