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06.05.26 - 11:06
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′Chipflation′ hits Samsung, boosts Apple results (Digitimes)
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As soaring memory prices fuel "chipflation," Samsung Electronics and Apple are taking sharply different approaches. Samsung's Mobile eXperience (MX) division is trying to protect profitability by optimizing its product mix and expanding across more price points, while Apple is leaning on an ecosystem of 2.5 billion devices and high-margin services to offset rising component costs....
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06.05.26 - 08:48
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Oil prices retreat and global stocks hit record highs after Trump hails ′great progress′ on Iran deal – business live (The Guardian)
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US president pauses 'Project Freedom' to work on 'final agreement' with Tehran; stocks also ride high on AI euphoriaGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Asian stock markets hit record highs, following in Wall Street's footsteps, and oil prices retreated after Donald Trump hailed “great progress” towards a “final agreement” with Tehran.on the request of Pakistan and other Countries, the tremendous Military Success that we have had during the Campaign against the Country of Iran and, additionally, the fact that Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran”.Investors bought and continue to add to positioning in the 2026 winners. There has been some buying in S&P 500 materials stocks, but it's tech that continues to attract the bulk of flows, notably in Apple and the memory plays.9am BST: Eurozone services and composite PMIs for April9.30am BST: UK services and composite...
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06.05.26 - 07:36
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Apple agrees to pay $250m after falsely claiming AI-powered Siri was ′available now′ (The Guardian)
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Settlement, which includes no admission of wrongdoing, covers roughly 36m eligible devices in class-action lawsuitApple on Tuesday agreed to pay $250m to settle a class-action lawsuit accusing it of misleading millions of iPhone buyers by falsely touting artificial intelligence capabilities for its Siri voice assistant in late 2024.Plaintiffs accused the California tech company of having “promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years” in order to boost iPhone sales, according to the suit. Apple's more “personalized” version of Siri still has not been fully released despite its announcement nearly two years ago. Continue reading......
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