Apple on Thursday confirmed the date of a possible product event, which was widely reported in recent weeks.» Read More
*Bernstein downgrade hits Disney, media stocks tumble. *Report of declining smartphone sales in China hits Apple. Consumer stocks led the decline on Wall Street with Disney down nearly 6 percent after a brokerage downgrade, while Apple slumped near 2 percent after a report that overall smartphone sales in China fell in the second quarter for the first time.
Chinese smartphone sales saw the first year-on-year decline in the second quarter, a report says, and global growth is slowing.
NEW YORK— Worldwide sales of smartphones in the second quarter grew at the slowest pace since 2013 as sales in China declined for the first time, according to research firm Gartner Inc.. Smartphone sales in China fell 4 percent year-over-year— the first such decline for the world's most populous country and biggest market for smartphones.
Aug 20- Smartphone sales in China, the world's biggest market for the devices, fell in the second quarter for the first time, market research firm Gartner Inc said on Thursday. Sales of smartphones in China declined 4 percent in the quarter, the first year-over-year fall, the company said. "China has reached saturation- its phone market is essentially driven by...
Aug 20- Apple Inc increased its market share in the second quarter when global smartphone sales grew at the slowest pace since 2013, according to market research firm Gartner Inc.. The iPhone maker's share of the worldwide smartphone sales market rose to 14.6 percent in the quarter from 12.2 percent a year earlier. Rival Samsung Electronics Co Ltd's share fell...
Toyota has sent out invitations for journalists to attend a preview of the fourth-generation in Las Vegas on Sept. 8, NBC reports.
Rumors of a new Blackberry mobile phone running the Android operating system persist amidst new leaked photos.
NEW YORK, Aug 19- When Josh Smith's boss got his computer stolen out of his car, he simply went to the store, bought a new one, and plugged it into his backup drive. "It even brought up the web page he had looked at the day before," says Smith, editor of Notebooks.com, who lives in Findlay, Ohio. On a recent-issue Apple Inc machine, the computer will automatically ask if you want to...
NEW YORK— Electronic data storage device maker Seagate Technology said Tuesday it will buy data storage system maker Dot Hill Systems for $9.75 per share. Dublin- based Seagate makes hard disk drives, solid state drives, high performance computing devices and provides data storage services, and Dot Hill Systems makes storage systems. Seagate says Dot Hill will...
Indian Prime Minister Narendra Modi has touted his country's manufacturing capabilities. Now, more companies are moving in.
Amazon is experimenting with how far it can push white-collar workers, to get them to achieve its ever-expanding ambitions, The NY Times reports.
Aug 12- Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere. Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, rose nearly 4 percent in extended trading on Wednesday.
Aug 12- Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit, highlighting a strong recovery in demand for its switching equipment and routers. Cisco's shares rose nearly 3 percent in extended trading on Wednesday. Cisco's net income rose to $2.32 billion, or 45 cents per share, in the quarter from $2.25...
Aug 12- Network equipment maker Cisco Systems Inc's quarterly revenue rose nearly 4 percent, helped by demand for its switching equipment and routers. The company's net income rose to $2.32 billion, or 45 cents per share, in the quarter ended July 25 from $2.25 billion, or 43 cents per share, a year earlier. Revenue rose to $12.84 billion from $12.36 billion.
Aug 12- Pure Storage Inc filed with U.S. regulators on Wednesday for an initial public offering of common stock, a year after a private placement valued the data storage company at more than $3 billion. The company has raised over $470 million from venture capital investors including Sutter Hill, Greylock, Redpoint, Index Ventures, T. Rowe Price, Fidelity and...
Hacking keyless car systems and car garages could become much more frequent, Wired Magazine reports.
FRANKFURT/ HELSINKI, Aug 10- Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. It sold its handset business to Microsoft in late 2013 and has since focused squarely on making telecoms network equipment.
Amid investor concerns that China could hold back Apple's growth, executive Eddy Cue said the company is gathering momentum there.
No fundamental problems have driven Apple's recent weakness—and investors have a cheap entry point, one Apple investor said.
Apple suppliers have been moving in tandem with Apple the past few days, and analyst Romit Shah thinks it's time to snap some of them up.
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Matt Hunter is the senior technology editor at CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.