If Apple is going to make a success of its car project, it has to target the $230-billion luxury automobile market. But displacing 125-year-old incumbents like Mercedes-Benz won’t be straightforward.
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Hyundai said on Friday it was in early talks with Apple after a domestic broadcaster said the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%.
Investors are weighing how big to go on US technology stocks in the coming year, as pricier valuations, regulatory risks and a revival of the market’s beaten-down names threaten to dim their allure.
It was kind of inevitable that Tesla’s biggest challenger wouldn’t be a car company. Apple makes for the perfect nemesis and could teach its Californian cousin a thing or two about reliability and delivery.
Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter said.
Microsoft is working on in-house processors for the servers running its cloud computing services and Surface line of PCs, potentially cutting its reliance on Intel, a person familiar with the matter said.
Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays.
Facebook has attacked Apple in a series of full-page newspaper advertisements, claiming the iPhone maker’s anticipated mobile software changes around data gathering are bad for small businesses.
Apple has been sued by the creator of a once-popular app store that accused the iPhone maker of illegally monopolising software distribution on its own operating system.
Apple has threatened to remove apps from the App Store if they don’t comply with an upcoming private feature allowing users to block advertisers from tracking them across different applications.