If Apple (NASDAQ:AAPL) were to monetize advertising beyond the App Store, it could potentially be a $20bn business by 2026, according to BofA analyst Wamsi Mohan.Mohan said in a research note Thursday that advertising could be the "next driver" for Apple's services growth."Apple’s competitive advantage remains its large and captive installed base. Apple’s 1.8 billion installed devices lend themselves naturally to be conduits for advertisers to reach a large demographic. We estimate that if Apple were to monetize advertising beyond the App Store, it could potentially be a $20bn business by 2026, driving up the pace of Services growth back to the high teens vs. concerns of a permanent slowdown

Amazon has offered to halt online selling and marketing practices EU antitrust regulators regard as anti-competitive to try to end two investigations and avoid a possible hefty fine, ahead of EU rules that will target such methods from next year.The European Commission in 2020 charged Amazon (NASDAQ:AMZN) with using its size, power and data to push its own products and gain an unfair advantage over rival merchants that also use its platform.

Tesla (NASDAQ:TSLA) Inc on Thursday asked a U.S. court to dismiss a lawsuit claiming the electric car maker violated federal law by laying off hundreds of workers without advance notice.Tesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from participating in class-action lawsuits.

Taiwanese semiconductor companies attach "great importance" to complying with the law, the island's government said on Saturday, signalling they would comply with new U.S. export controls that aim to hobble China's chip industry. The rules announced Friday by President Joe Biden's administration include a measure to cut China off from certain chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances.Taiwan, a major chip producer, is home to Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and a major supplier to companies including Apple Inc (NASDAQ:AAPL). In a statement in response to the U.S. announcement, Taiwan's Economy Ministry said Taiwanese firms were law-abid

Apple (NASDAQ:AAPL) supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday.The Taiwanese company's new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will generate 30,000 local jobs, the Tuoi Tre newspaper said.Foxconn, formally called Hon Hai Precision Industry Co, and Kinh Bac City did not immediately respond to requests for comment.The move follows a report this week that Foxconn has started test production of the Apple Watch in northern Vietnam.Foxconn, which has been in Bac Giang for 15 years, has moved part of its iPad and AirPods production to Bac Giang's Quang Chau Industrial Park, Tuoi Tre

Since the official launch of AMAX#1 public mining at 08:58 (UTC+8) on August 28, 2022, users have been actively participating and the 5000APL tier mining pool reward was snapped up within 3 hours.The data shows that after the official launch of AMAX#1 mining pool, the mining rate presented a rapid growth momentum and remained in a high position, which indicates that users’ enthusiasm is running on fire and the Armonia ecology is greatly supported by their full engagement and positive prospect. Although this level of 5000APL mining pool rewards has been snapped up, there are still some Apple (NASDAQ:AAPL) and other levels of AMAX to be claimed.The total amount of AMAX#1 mining pool for the current period is 88,888 AMAX, distributed in mining pools of 5 tiers. The first tier pool is 100APL,

China's Geely Automobile Holdings (OTC:GELYF) and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault (EPA:RENA) plans to separate from its electric vehicle (EV) business, two sources close to the French carmaker said.But Renault's alliance partner, Japanese carmaker Nissan (OTC:NSANY), does not plan to take a stake in the combustion engine unit, the sources told Reuters.Renault and Geely declined to comment. Nissan did not immediately respond to a request for comment. The French carmaker is due to unveil this autumn plans for creating an EV-dedicated unit based in France and another one based abroad that will bring together all of its petrol and hybrid engine and transmissions production sites in Spain, Portugal, Turkey, Romania and Latin America.Renault i

Dell Technologies Inc joined rivals in predicting a slowdown as runaway inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings, sending its shares down 8% in extended trading on Thursday.Industry majors from Intel Corp (NASDAQ:INTC) to Lenovo Group (OTC:LNVGY) have warned of a slump in the personal computer market after a two-year boom during the pandemic, with research firm Gartner (NYSE:IT) estimating shipments would drop 9.5% in 2022.While Dell's enterprise-focused business has somewhat made up for the PC slowdown, company executives were cautious about the outlook for the unit that generates nearly half its revenue."There's caution around future hiring, trade-offs within their IT budgets given the macroeconomic uncertainty, customers

Tesla Inc delivered 17.9% fewer electric vehicles in the second quarter from the previous quarter, as China's COVID 19-related shutdown disrupted its production and supply chain.The world's biggest electric car maker said on Saturday that it delivered 254,695 vehicles in the April to June period, compared with 310,048 vehicles in the preceding quarter, ending a nearly two-year-long run of record quarterly deliveries.

EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm (NASDAQ:QCOM), people familiar with the matter said, in a major win for the U.S. chipmaker that ends a long-running saga.The Luxembourg-based General Court, Europe's second-highest, in its June judgment was scathing of the European Commission's handling of the case, saying procedural irregularities had affected Qualcomm's rights of defence.Judges also invalidated the Commission's analysis that payments made by Qualcomm to Apple (NASDAQ:AAPL) were anti-competitive because the regulator had not taken into account all the relevant facts.It would be very difficult for the EU competition watchdog to win on both counts in an appeal, the people familiar with the matter said.T