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Initial Quantities of iPhone 7 Plus Sold Out, Says Apple

As Apple Inc prepares to roll out its new gadget in stores, initial quantities of the iPhone 7 Plus have sold out globally, the company said Wednesday.   While the smaller iPhone 7 has also sold out in the new jet black color, the company said that supplies of the larger size of Apple's new...

Reuters say Main Battery Supplier for Samsung's Galaxy Note 7 would be China’s ATL

The main supplier of batteries for Samsung Electronics Co Ltd's Galaxy Note 7 phones would be China's Amperex Technology Limited (ATL), reported Reuters quoting a person with knowledge of the plans.   After Samsung told customers to switch off and return their new Galaxy Note 7 smartphones...

Christmas Shoppers and Postage Likely to be hit by Hanjin Shipping's Collapse

Among the likely victims of the collapse of South Korean container shipper Hanjin Shipping were Christmas shoppers and Korean correspondents.   Industry data provider Alphaliner placed Hanjin at the seventh largest globally, with 98 ships and a 2.9 percent market share and hence the...

Apple Could Cut Bill, EU's Vestager says as she Warns Others

Competition Commissioner Margrethe Vestager warned that other multinationals shift profits via the country to tax havens even though do not employ as extreme Irish tax schemes as Apple Inc could also be breaching EU rules.   On Tuesday, a record 13-billion-euro bill for Irish registered...

Dramatic Retaliation in EU Apple Case can be Allowed by US Tax Code

If the Obama administration chooses to dramatically escalate a dispute with the European Union over Apple's tax bill, it would be able to do so due to U.S. tax law that it power to double tax rates for European companies.   Experts said that courts might strike down that action because of...

Battery Fire Problems in Galaxy Note7 Deals a Blow to Samsung’s Mobile Recovery

Samsung Electronics Co Ltd was forced to delay shipments of Galaxy Note 7 smartphones after reports of exploding batteries which resulted in knocking off of $7 billion of its market value and jeopardizing the planned recovery of its mobile business.   The company told the media on Wednesday...

Used Falcon Rocket of SpaceX Finds its First Customer

The first customer to use a previously flown rocket, with launch planned for later this year has been found and signed by Elon Musk's SpaceX, the companies said.   Crucial to efforts by technology entrepreneur Musk's Space Exploration Technologies Corp to reduce the cost of space launches is...

Ride Hailing Services in Abu Dhabi Suspended by Uber and Careem

In an apparent deepening of a regulatory spat, after the authorities detained some drivers working for Careem, ride-hailing apps Uber and Careem have suspended operations in Abu Dhabi.   After it emerged that some drivers had been stopped by police, they had temporarily stopped their...

Daimler Wants to Counter New Rivals by Adopting Silicon Valley Tactics

In a drive to empower staff, fend off new rivals such as electric carmaker Tesla Motors and to speed up decision making, Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques.   By encouraging a more experimental approach to new products, Chief Executive Dieter...

To Push its Virtual Reality, Web Stars, Hulu being Recruited by Google

In a part of a plan to line up exclusive content for the debut of its new Daydream service in the coming weeks, Google is investing hundreds of thousands of dollars apiece in virtual-reality films and programs.   Google will fund the production of 360-degree videos with YouTube stars like...

Diesel Allegations Rejected as 'Wild and Unfounded' by Bosch

The allegations that Auto supplier Robert Bosch GmbH was a knowing participant in Volkswagen's decade-long scheme to evade U.S. anti-pollution were termed as being "wild and unfounded" by the company.   Bosch responded to attorneys who had said Bosch was a "knowing and active participant in...

Program to Sell Refurbished Phones Planned by Samsung: Reuters

A program to sell refurbished used versions of its premium smartphones is to be launched as early as next year by Samsung Electronics Co Ltd, reported Reuters quoting sources with direct knowledge of the matter.   After reviving its mobile profits by restructuring its product line-up, the...
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