China’s mobile phone demand seems to have been hit by a slowing economy and a saturated market. According to data released Tuesday by the China Academy of Information and Communications Technology, mobile phone shipments in China plunged almost -20% year-over-year to 14.51 million in February.Smartphones in particular experienced a more than -20% decline in shipments, as revealed by the same study. While the week-long Chinese New Year holiday could have player a part in weaker demand, what’s probably alarming this time is that 2019 is the worst February since atleast 2013 with regards to phone shipments in China. Factors like macroeconomic sluggishness, a saturated smartphone market and excess inventory could have contributed to the shipment decline in the nation, as indicated by China senior market analyst for IDC, Xi Wang, to CNBC. The slowing of smartphone shipments in the world's second-largest economy could potentially impact major American or global makers of smartph

Last year, Sony Music Entertainment entered into a $250 million deal with Michael Jackson’s estate for the rights to distribute the musician’s recordings over the course of seven years.For example, in the wake of the documentary series ‘Surviving R. Kelly’, the R&B singer’s songs generated more than 4 million streams in the U.S. accounting for a 116% increase in the rise of streams. But ‘Leaving Neverland’ could have a different impact.

The White House is hosting members of the newly formed “American workforce policy advisory board” for its first meeting on Wednesday afternoon. The board consists of 25 executives state and local officials and representatives from various universities.The CEOs of Apple, Siemens USA, IBM, Visa, Home Depot, Lockheed Martin and Walmart are some of the high profile business leaders on the panel. Commerce Secretary Wilbur Ross and Ivanka Trump, the president’s daughter and advisor, lead the advisory board.

Huawei launched a foldable smartphone on Sunday, striking back at Samsung just days after it launched the first consumer-ready foldable device. Read More...

Samsung and Apple are increasingly losing their share of the smartphone market to China's Huawei, according to new research, with consumers put off by the high price tags attached to their premium models. Read More...

Apple and Goldman Sachs are close to testing a new jointly created credit card that syncs with the iPhone, according to a person with knowledge of the product. The card will be piloted with employees of the two companies in coming weeks, according to the person, who declined to be identified speaking before the product is available.READ MORE...

Sam Jadallah, the former CEO of a smart lock company that shut down just over a year ago, has a new job: He'll be leading the home initiatives at Apple, sources familiar with the matter told CNBC. Hiring Jadallah is the latest signal that Apple plans to get serious about its own efforts in the home.That purchase could help the smartphone maker become the center of a connected living room.

A top Apple analyst who has correctly outlined the company's product launches in the past has a new forecast for Apple's 2019 releases. TF Securities' Ming-Chi Kuo predicts Apple will launch "three all-new design products," including a new MacBook Pro laptop with either a 16-inch or 16.5-inch display, a new 31.6-inch 6k3k monitor and a Mac Pro, according to the Feb. 17 note.READ MORE...

Most CEOs would not balk at the idea of Apple buying their company. But Epic Systems CEO Judy Faulkner is not like most CEOs.READ MORE...

Warren Buffett’s Berkshire Hathaway Inc. took advantage of a plunge in bank stocks to pile even further into his bet on financials, while trimming a giant stake in Apple Inc. Read More...

Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal.Read more...

Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding.Improved prospects for a U.S.-China trade deal also boosted equities. Read More...

U.S.stock index futures rose on Monday amid increasing hope China and the U.S. will strike a trade deal to end the ongoing tariff war. Read More...

Stocks fell sharply on Thursday after CNBC reported that a meeting between President Donald Trump and Chinese President Xi Jinping is unlikely before a key March deadline. Read More...

Apple's revenue in China came in at $13.17 billion during the December quarter, a drop of nearly $5 billion from a year ago, when Apple reported $17.96 billion in China revenue.Apple's revenue is typically highest during this quarter, the first of its fiscal year. Read More...

A newly discovered bug in Apple's FaceTime software lets Apple users listen in on the people they are calling, and even see through their front-facing camera, without them picking-up the call.READ MORE...

Disappointing results from construction machinery giant Caterpillar and a pessimistic revenue forecast from chipmaker Nvidia point to a broader impact to the global business community from China's economic slowdown, analysts said on Tuesday. Read More...

Apple on Monday said it spent $60 billion on 9,000 American component suppliers and companies in 2018, up 10 percent from 2017. Those suppliers supported “more than 450,000 jobs” in the United States in 2018 and have created or supported more than 2 million jobs since 2011, the company said.READ MORE...

Apple has reportedly laid off over 200 employees from its autonomous vehicle project this week. According to CNBC, an Apple spokesperson indicated that some people are being moved to other segments (such as, machine learning and other initiatives) of the company, while some would continue to work on the driverless technology project called Project Titan. "We continue to believe there is a huge opportunity with autonomous systems, that Apple has unique capabilities to contribute, and that this is the most ambitious machine learning project ever."(as reported by CNBC)

Apple dismissed just over 200 employees this week from Project Titan, its stealthy autonomous vehicle group, people familiar with the matter told CNBC. Read More...