Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for "deterrence and defense," U.S. Secretary of State...Politicsread more
Apple has cut prices of one of its latest iPhones in India by around one-fourth, sources said, as the U.S. tech giant looks to boost sales in the world's second-biggest smartphone market following a similar move in China.
The price of the 64 GB iPhone XR has been reduced by at least $259 due to a price cut and a credit card cashback campaign, two people with direct knowledge of the matter told Reuters on Thursday.
"Apple is going to change their game," one of the people said, adding the company could also adjust prices for other devices depending on their demand.
On Apple's India website, the price of the 64 GB iPhone XR was unchanged at just over $1,100, but is on sale for less than $860 at stores, the people said.
Prices for the two other XR variants have also dropped, they said. The XR is the cheapest series among iPhones Apple launched last year.
The change in pricing of the iPhone XR is a short-term promotional offer, an industry source said.
Apple did not respond to a request for comment.
The price reduction comes after iPhone prices were lowered in China for the second time this year, as Apple wrestles with a prolonged sales slowdown in the world's largest smartphone market partly due to a slowing economy.
In India, Apple's iPhones are up against the more competitive pricing of rival handsets from South Korea's Samsung and China's OnePlus.
"The focus of this entire (price cut) exercise is to win customers who would have thought of going to Samsung or OnePlus, to make them think whether they can spend some extra money on an iPhone XR - it's more bang for the buck," said Rushabh Doshi of tech research firm Canalys.
Samsung's latest Galaxy S10e is priced at about $800 while the OnePlus 6T starts around $550.
Apple's share of India's $400-plus smartphone segment stood at 23 percent in 2018, behind both Samsung and OnePlus, showed data from Hong Kong-based tech researcher Counterpoint.
But with a share of just 1 percent of India's entire smartphone market, Apple responded last year by revamping its sales and distribution strategy.
Apple also plans to increase local production in a move that could help it limit the impact of a China-U.S. trade war. The company will soon begin assembling its top-end phones through the local unit of Hon Hai Precision (Foxconn), Reuters previously reported.