Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds.
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Britain will let Huawei Technologies play a limited role in building the country’s next-generation mobile phone networks, denying a long-running attempt by the US to have the Chinese tech giant barred.
Apple has asked suppliers to make as many as 80 million iPhones in the first half of this year, an increase of more than 10% from the previous year’s output, the Nikkei newspaper reported.
Bitcoin’s claim for being digital gold appears to have another piece of evidence in its corner. In a day where global stocks plunged on concerns over the deadly coronavirus, the cryptocurrency gained as much as 5.8%.
British Prime Minister Boris Johnson will put his friendship with US President Donald Trump to the test this week as he announces whether to allow Huawei a role in the country’s 5G wireless broadband networks.
Boris Johnson and Donald Trump have discussed telecommunications network security as the UK government prepares to make a final decision on allowing Huawei to help build Britain’s 5G infrastructure.
Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1-trillion since October.
A US proposal to further restrict sales to Huawei has encountered objections within the Trump administration and is being held up as officials debate whether the step could harm exporters.
Intel gave bullish quarterly and full-year revenue forecasts, driven by a surge in demand for chips that power large cloud computing centres. The shares jumped as much as 7.8% in late trading.
US commerce secretary Wilbur Ross said new rules are coming soon that will put more limits on US companies supplying China’s telecommunications leader Huawei Technologies.