Screenshot: Will Tim Davie win the generation game? October 30, 2020 A weekly column from Morning Wire bringing you all the biggest stories and trends in technology, media and telecoms This week: ** Media Moment of the Week: A sorry soy saga ** Tim Davie and the BBC’s tug of war ** The tech titans’ tumultuous year Media Moment of the Week This week it’s another [...]
Weak iPhone sales pull down Apple shares despite revenue boost October 29, 2020 Apple’s announcement today that iPhone sales were weaker than expected sent shares down four per cent even as the tech company’s revenue and profit did better than Wall Street expected thanks to booming Mac and AirPods sales. Investors expected lower revenue from the Cupertino company’s bestselling product after delays left loyal fans clasping wallets shut [...]
Tech earnings: What to look out for in a bumper day of Silicon Valley results October 29, 2020 All eyes will be on Silicon Valley tonight as the tech giants prepare to unveil their earnings for the third quarter. Google owner Alphabet, Amazon, Apple, Facebook and Twitter are all set to update investors on their trading during a turbulent period dominated by the coronavirus crisis. Earnings season for the so-called FAANG companies kicked [...]
Apple steps up search engine efforts amid Google antitrust probe October 28, 2020 Apple is reportedly ramping up efforts to develop its own search engine technology as US antitrust authorities put Google’s market dominance under the spotlight. In iOS 14, the company’s latest iPhone software, Apple now shows its own results when users type queries into the search bar on the home page. The changes, which are likely [...]
No Time To Die: James Bond studio hits back at reports of streaming release October 26, 2020 The Hollywood studio behind the James Bond film franchise has hit back at reports it is mulling a streaming launch for No Time To Die due to multiple delays to its release date. Metro-Goldwyn-Mayer (MGM) is said to have held discussions with Netflix, Amazon and Apple about a potential on-demand release for the 25th instalment [...]
iPhone 12: Everything you need to know about this week’s Apple event October 12, 2020 The tech rumour mill went into overdrive last week after Apple sent out invitations for its next major product event. The event, which will kick off at 5pm UK time tomorrow, is expected to host the unveiling of the eagerly-awaited iPhone 12, which was originally scheduled for September but was pushed back due to the [...]
Big tech faces break-up as Amazon, Apple, Facebook and Google accused of ‘monopoly power’ October 7, 2020 Amazon, Apple, Facebook and Google have all abused their market power and could face a potential break-up, according to a damning new report backed by US Democratic politicians. In a 449-page recommendation released yesterday, the US House Antitrust Committee set out a roadmap for cracking down on the tech giants. The report follows a 16-month [...]
Brussels to appeal court ruling over Apple’s €13bn Irish tax bill September 25, 2020 The European Commission today said it will appeal a court decision that overturned a ruling for Apple to pay back €13bn (£11.8bn) in back taxes to Ireland. In July the General Court scrapped a 2016 ruling by the Commission that found Ireland’s selective tax breaks constituted illegal state aid and ordered Apple to pay back [...]
iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch September 12, 2020 Apple’s product launch next week will be missing an iPhone for the first time in almost a decade. The latest instalment of the company’s most successful product has had its launch delayed until October due to coronavirus-related supply chain disruption. At the “Time Flies” event on Tuesday, Apple will unveil its sixth generation Apple Watch, [...]
DEBATE: Should we be worried about a tech bubble? September 2, 2020 Should we be worried about a tech bubble, particularly in emerging markets? Tatjana Puhan, managing director and deputy chief investment officer at TOBAM, says YES. Over recent years, we see a clear trend of investors becoming exposed to higher concentration risk in specific sectors like technology. Having represented already a considerable risk exposure in major [...]