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Foxconn poised to nominate chip boss as Taiwan group’s next chair

TAIPEI: iPhone assembler Foxconn is poised to nominate its chip unit head as group chairman to succeed Taiwan presidential hopeful Terry Gou, in what is internally seen as a surprise move, two people with direct knowledge of the matter said.

Apple finalises short list for first India retail store

BANGALURU: Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market.

Buffett finally embraces Amazon as Berkshire acquires a stake

New York: Warren Buffett has said that he underestimated Amazon.com Inc’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant.

Billionaire Buffett says he has been an 'idiot' not to buy into Amazon.com

NEW YORK: Billionaire Warren Buffett said Berkshire Hathaway Inc has bought shares of internet retailing giant Amazon.com Inc for the first time, though he has not been the one doing the buying, CNBC reported on Thursday.

Rebound seen in smartphone sales; boost for some M'sian tech firms

PETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand.

Trade-ins and discounts spark revivalfor iPhone

SAN FRANCISCO: Apple Inc executives have a clear message for investors: Demand for iPhones has begun to recover from a bruising holiday period.

Wall Street drops after Fed chair dampens rate-cut hopes

NEW YORK: U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.

Apple's upbeat forecast pushes market value back toward US$1tril

NEW YORK: Apple Inc shares rose nearly 5 percent on Wednesday, pushing the iPhone maker's market valuation back toward $1 trillion as its quarterly report and upbeat forecast soothed investors worried about falling iPhone sales.

S&P 500 posts best 4-month run in nearly nine years; Apple jumps

NEW YORK: The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors' belief in the decade-long bull run

Weak global demand for smartphones hits Globetronic Q1 earnings

KUALA LUMPUR: Electronic components maker Globetronics Technology Bhd posted a steep drop in first quarter earnings as demand for mobile and smartphone devices slumped.