Global Smartphone Shipments Declined 7.8 Percent on YoY Basis: Report

Global Smartphone Shipments Declined 7.8 Percent on YoY Basis: Report

Global smartphone shipments declined 7.8 percent on a yearly basis to 265.3 million units in the second quarter of 2023 (April-June), preliminary data from the International Data Corporation (IDC) showed.  International Data Corporation (IDC) is a global market intelligence and advisory services provider. With this, it marks the eighth consecutive…

Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal

Ola Electric Said to Have Recorded $136 Million Loss in FY 2022-23, Missing Revenue Goal

India’s largest e-scooter maker Ola Electric recorded an operating loss of $136 million (roughly Rs. 1,118 crore) on a revenue of $335 million (roughly Rs. 2,754 crore) in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022-23 loss number of…

Foxconn Chairman Praises Ecosystem for Semiconductor Chips in India

Foxconn Chairman Praises Ecosystem for Semiconductor Chips in India

The ecosystem for semiconductor chips in India is for the “very brave”, Foxconn Chairman Young Liu said on Friday as he expressed optimism about the country’s semiconductor roadmap during the second edition of SemiconIndia in Gandhinagar.  Earlier this month, Taiwan-based Foxconn, which also supplies for smartphone giant Apple, withdrew from…

Epic Games Asks US Supreme Court to Allow Ruling Against Apple’s App Store Payment Practices to Take Effect

Epic Games Asks US Supreme Court to Allow Ruling Against Apple’s App Store Payment Practices to Take Effect

Epic Games on Thursday asked the US Supreme Court to allow a lower court ruling to take effect against Apple that could force the iPhone maker to change payment practices in its App Store. Epic, maker of the popular video game Fortnite, filed a request asking the nation’s highest court…

Google Rolls Out Apple AirTag Detection With Unwanted Tracking Alerts on Android Devices

Google Rolls Out Apple AirTag Detection With Unwanted Tracking Alerts on Android Devices

Google is rolling out its unwanted tracker detection feature on Android devices, weeks after the company announced the feature at Google I/O 2023. Users who are running recent versions of Android will receive alerts when they are being tracked by an unknown Bluetooth-based tracker. The first device to be supported…

China’s BYD Tells India JV Partner It Wants to Drop $1 Billion EV Investment Plan

China’s BYD Tells India JV Partner It Wants to Drop $1 Billion EV Investment Plan

China’s BYD has told its India joint-venture partner it would shelve plans for a new $1-billion (roughly Rs. 8,225 crore) investment to build electric cars after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said. BYD and its partner, privately held Megha Engineering and…

Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi

Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi

Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries. Speaking after inaugurating Semicon India 2023 conference in Gandhinagar, PM Modi…

Samsung Galaxy Watch 6 Series Offers Tap to Pay Feature in India for Contactless Payments

Samsung Galaxy Watch 6 Series Offers Tap to Pay Feature in India for Contactless Payments

Samsung Galaxy Watch 6 series was launched at the Galaxy Unpacked event earlier this week. The series includes the Galaxy Watch 6 and Galaxy Watch 6 Classic models, and they are now up for pre-order in India. The flagship wearables now support Near Field Communication (NFC) based Tap to Pay feature…