Tesla CEO Elon Musk has suggested the electric car maker may be able to mass produce longer-life batteries with 50% more energy density in three to four years.
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Apple was spared from having to immediately reinstate Epic Games’ Fortnite on its App Store, an early court victory for the iPhone maker in an intensifying battle over the tolls charged to app makers.
Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the US-China trade war intensifies.
Barring a precipitous drop in Apple’s share price, CEO TIm Cook will receive 560 000 shares on Monday, worth a combined $278.6-million, or R4.7-billion.
Microsoft is backing Epic Games in its fight with Apple. The company has been upset with Apple’s rules preventing it from releasing a cloud-gaming service that works with iPads and iPhones.
Tencent Holdings jumped the most in two weeks after White House officials are said to have reassured American businesses that a ban on its WeChat app won’t be as broad as feared.
The enormous rally in tech stocks has further to run, according to analysts at investment bank JP Morgan, who recommend staying invested across the sector for its growth potential.
Apple on Friday alleged that Epic Games’ chief executive had asked it for a “side letter” to create its own game store within the iPhone maker’s App Store.
Major news publishers are seeking more favourable terms from Apple on commissions the iPhone maker collects from them on payments made through its app store.
Airbnb has announced a global ban on parties and events listed on its platform in a bid to comply with Covid-19 health protocols.