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iPhone is the Best-Selling Smartphone in China for the First Time
Apple's iPhone was the best-selling smartphone series in China for the first time last year. The iPhone ranked first in the country regarding shipments in the fourth quarter and throughout 2023.
The American tech group achieved a…
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TikTok Becomes the First to Surpass $10 Billion in In-App Purchases
The popular video app TikTok from the Chinese company ByteDance was the first to surpass $10 billion in so-called in-app purchases in 2023. Total global mobile app revenues reached a new record level in a year when gaming revenues fell.…
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Wall Street is Fluctuating Around Record Levels After a Strong Stock Market Year
The stock markets in New York again showed little movement on Thursday. The American leading indicators fluctuated around new record levels after a solid year on Wall Street.
The mood among American investors has been positive for…
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Shipping Company Hapag-Lloyd: Red Sea Route Still Too Dangerous
The German shipping company Hapag-Lloyd says it still avoids the Red Sea and detours via the Cape of Good Hope even now that a maritime task force is trying to protect ships against attacks by Houthi rebels from Yemen.
This was…
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Parent Company Google Settles Lawsuit for 700 Million Dollars
Google's parent company, Alphabet, will pay 700 million dollars to end American lawsuits against its app store's policies. Alphabet is also adjusting Google Play's policy.
Dozens of US states and consumer groups had sued Google.…
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Yellen: AI Could Become a Threat to Financial Stability
Artificial intelligence (AI) could become a threat to financial stability, according to US Treasury Secretary Janet Yellen. U.S. regulators must make that topic their top priority next year.
Yellen said this during a US Financial…
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Chip Company Nvidia Wants to Set Up a Base in Vietnam
The major American chip group Nvidia wants to set up a base in Vietnam to help develop the semiconductor industry in the Asian country. Nvidia CEO Jensen Huang said this during a visit to Vietnam and a meeting with Prime Minister Pham Minh…
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Cost Structure Forces Spotify to Make Major Layoffs
Spotify wants to lay off 17 percent of its employees. CEO Daniek Ek points to more expensive capital, despite the company having more listeners and better figures.
Music streamer Spotify had 9,241 employees in September. This would…
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