Inside Apple’s new ‘spaceship’ HQ
07 February 2017 | 10:25 am
Apple's latest product isn't for sale to consumers: It's a new headquarters referred to by Silicon Valley as the ‘spaceship’.
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Thousands turn out to opposition-organised protests in South Africa to express deepening frustration over the country's power crisis. Also, in a rare trial of a former president, ex-Mauritanian leader Mohamed Ould Abdel Aziz appears in court on corruption charges.
Thousands turn out to opposition-organised protests in South Africa to express deepening frustration over the country's power crisis. Also, in a rare trial of a former president, ex-Mauritanian leader Mohamed Ould Abdel Aziz appears in court on corruption charges. Finally, faced with about 15,000 tonnes of "e-waste" dumped in landfills every year, Rwanda is focusing more resources on recycling old smartphones.
On Thursday, Apple reported that revenue fell 5 percent to $117.15 billion during the three months that ended in December, the company's first quarterly sales decline since before the pandemic. Profits decreased 13 percent to $30 billion.
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
The iPhone maker's top supplier Foxconn plans to boost production in India, with a new facility in Bengaluru. But the move westward could be beset by red tape and quality control issues.
After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes.
Banking authorities in the US have approved of the sale of SVB to First Citizens Bank & Trust. SVB's March 10 collapse was the second largest in US history.
The US president's remarks come on the sidelines of a science and technology meeting as controversy over ChatGPT grows. Canada is meanwhile probing the AI chatbot over alleged unauthorized use of data.
Find these stories and much more when you grab a copy of The Guardian on Friday.
Martin Yang of Oppenheimer says Apple is probably not willing to "lower its price relative to other markets … just for the sake of gaining market share in the near term," as there is a good number customers who will be willing to pay a premium price for its products.
In a widely-anticipated report into the collapse of the bank favored by tech startups, the US central bank blamed the company's inability to manage risks and a lack of regulatory oversight.
The European Conference of Rabbis (CER) has announced plans to move its headquarters from London to Munich. This is seen as confirmation that Jewish life in Germany is taking on a new dimension.
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