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Tesla’s profits dropped a staggering 55% in the first quarter of 2024, raising concerns about the sustainability of its current strategy as EV sales face increased competition from hybrids and other electric vehicle manufacturers. The company reported revenue of $21.3 billion, marking a 9% decrease from the previous year. The earnings, published in Tesla’s Q1...

Samsung Group is introducing a six-day work week for executives as the company shifts into emergency mode to address a series of economic and industry challenges. The move comes amid a combination of factors, including the sharp depreciation of the Korean won, rising oil prices, and high borrowing costs, all of which have created business...

Apple has just made a groundbreaking decision regarding the distribution of iOS apps in the European Union, announcing that developers meeting specific criteria will now be able to offer their iPhone apps for direct download from their own websites. This marks a significant departure from Apple’s longstanding policy of exclusively distributing apps through its App...

The global smartphone market has witnessed a resurgence in the first quarter, but amidst this recovery, tech giant Apple Inc. finds itself grappling with a significant setback. According to recent data from IDC, Apple’s iPhone shipments plummeted by 10 percent in the March quarter, marking the company’s most substantial decline since the disruptions caused by...

BlackRock, the world’s largest asset manager, has reached a significant milestone, with its assets under management (AUM) soaring to a record $10.5 trillion in the first quarter of this year. This remarkable achievement coincided with a 36% surge in profit, fueled by the rallying global equity markets that bolstered investment advisory and administration fees. The...

Pavel Durov, the visionary behind Telegram, announced today that the messaging platform has achieved positive cash flow in the first quarter of the year. Buoyed by this success, the company is optimistic about turning a profit by the end of 2024. With a user base of 900 million monthly users, half of whom engage with...

Dispersed teams and disconnected collaboration tools have created unwanted complexity — in the form of more meetings, siloed communication channels, and information overload. A 2023 Morning Consult report commissioned by Zoom revealed that more than half of knowledge workers spend at least a few times a week on time-consuming tasks like sharing notes and action...

Apple’s engineers have been delving into the realm of automated home devices, with insiders disclosing the development of a mobile robot capable of trailing users within their residences. Additionally, the tech giant has ventured into crafting an innovative table-top home device, integrating robotics to facilitate the movement of a display, sources disclosed on condition of...

Tesla has reported a surprising downturn in sales, marking its first decline since 2020. Concurrently, its rival BYD has seen a staggering drop, plummeting nearly 1.5 times amidst intensifying competition in the market. Tesla’s Sales Slip In a twist of events, Tesla, the trailblazer in electric vehicles, faced a setback in its sales figures for...