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iPhone Shipments Drop By 10%, Get Overtaken By Samsung as World’s Largest Phone Seller

2024 is shaping up to be a challenging year for tech giant Apple. The company saw its iPhone shipments drop by almost 10% in the first quarter, allowing Samsung to once again claim the spot as the world’s largest phone seller. Data released by IDC,...

Global PC Shipments Fall By 9% in Q3

Global personal computer shipments declined by 9% during the third quarter of 2023, matching up with expectations from Gartner Inc. analysts. The analysts added that they expected this quarter to be the lowest point in a two-year market slump. In a statement on Monday, Gartner...

Nasdaq Stocks Fall Amid Apple Decline

The tech-heavy Nasdaq Composite Index took a tumble on Thursday as Apple shares continued to fall. The tech company's stocks declined following China's decision to prohibit government officials from using iPhones. The government is now considering extending the ban to state companies. Stocks on the...

Apple Stock in Correction Following August Slump

Apple finds itself in correction—whereby a stock declines by at least 10% from its peak—following what has been a chaotic month of August. Since the start of the month, the tech company's stock has slumped by 10.8% to $175.07; outpacing the 4.8% fall of...

Apple and Samsung to Invest in Arm at IPO

Apple and Samsung are both prepared to invest in SoftBank Group-owned chip designer Arm when it seeks to launch its initial public offering (IPO) in September. Both Apple and Samsung were among the 10 companies that Arm was in talks with over funding. Intel...

Apple Revenue Falls Amid Slump in iPhone Sales

Apple shares slumped by as much as 2.5% lower during after-hours trading on Thursday night following the release of the company's second-quarter financial results. The tech giant's revenue for the three months ending June declined by 1.5% amid a third quarterly decline in iPhone sales....