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Apple Becomes World’s Most Valuable Company

August 1, 2020 5:57 am

American tech company, Apple has become the most valuable company in the world on Friday after posting blockbuster quarterly earnings that sent shares of the technology company up as much as 7%.

Shares of Apple reached $412 at Friday’s intraday high, putting the company’s market value at $1.762 trillion, dethroning the oil giant Saudi Aramco as the most valuable company in the world with market value, worth $1.759 trillion at Friday’s intraday high.

According to Bloomberg, it’s the first time the company’s valuation has surpassed that of Saudi Arabia’s Aramco. Before that, Apple had vied with Microsoft Corp. for the …

Apple, Google Launch Contact Tracing Platform

May 21, 2020 8:32 am

US tech giants Apple and Google said Wednesday they were offering health authorities around the world their platform for coronavirus contact tracing, a key tool in trying to tame the pandemic.

“The work public health officials are doing around the world humbles us all,” the two companies said in a statement.

“Google and Apple are clear that this is not a panacea but we do believe Exposure Notifications can make a contribution to the broader work of contact tracing,” they said.

Read Also: Apple And Google Team Up On Virus ‘Contact Tracing’

Under the notifications system, someone exposed to a …

Apple And Google Team Up On Virus ‘Contact Tracing’

April 10, 2020 6:07 pm

Google and Apple unveiled a joint initiative Friday to develop a coronavirus smartphone “contact tracing” tool that could potentially alert people when they have crossed paths with an infected person.

The move brings together the largest mobile operating systems in an effort to use smartphone location technology to track and potentially contain the global COVID-19 outbreak.

The move would allow apps to be created enabling smartphones powered by Apple software and Google-backed Android operating system to exchange information with a joint “opt in system” using Bluetooth wireless technology.

The companies next month plan to release software interface technology to allow …

China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world's leading brands, an Australian think tank said Monday.

Top Brands Accused Of Using Forced Chinese Labour

March 2, 2020 8:13 am

Top global brands such as Apple, BMW and Sony have been accused of getting supplies from factories using the forced labour, an explosive allegation that could reverberate in boardrooms across the world.

China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world’s leading brands, an Australian think tank said Monday.

The Australian Strategic Policy Institute said the Chinese government has transferred 80,000 or more Uighurs out of camps in Xinjiang and into factories across the country.

“Uighurs are working in factories that are in the supply chains of …

CEO Tim Cook Sees Pay Ebb Along With Apple Performance

January 4, 2020 3:49 pm

Apple chief Tim Cook saw his annual pay slip to $11.6 million in 2019 after the company registered a weaker financial performance compared with the previous year, according to documents filed Friday.

Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.

His 2019 incentive bonus, which is tied to Apple’s performance, tallied about $7.7 million, and was calculated based on the fact that Apple exceeded its sales target by only 28 percent.

That compared with $12 million in 2018, based on the company exceeding its …

Echeruo: the Nigerian, Apple bought his ICT firm for $1b

August 26, 2019 2:07 am

United States of America’s most celebrated brand, Apple, has bought Nigeria’s Chinedu Echeruo’s HopStop.com. According to The Wall Street Journal’s publication, AllThingsDigital, it informed that though the term of the deal has not been disclosed officially, but HopStop has been compared to Israel’s Waze, which was acquired by Google for $1 billion.

Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops.

Echeruo, formerly an analyst at investment banks and hedge funds, who founded HopStop, is now chairman …