BREAKING: Michael Saylor’s Strategy said it bought $10.7 million of Bitcoin, a week after unveiling plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency
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Akeso, a Chinese biopharmaceutical company, has recently made significant waves in the global biotech industry with its innovative cancer drug, ivonescimab. This breakthrough has been dubbed China’s “DeepSeek moment”
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Shipments of foreign-branded phones, including Apple’s iPhone, in China tumbled 21% in January year-over-year, Reuters reported, citing data from a government-affiliated research firm The data from the China Academy of Information and Communications Technology, or CAICT, showed that in January shipments of foreign-branded smartphones in China fell to 4.398 million units, compared to 5.542 million units a year earlier, the report added, following calculations based on the data. Overall phone sales in China declined 14.3% year-over year to 27.24 million units in January, the report noted.
Earlier this month, Jefferies said China’s smartphone growth momentum is stalling, and noted that Apple’s new iPhone 16e is likely underwhelming. Meanwhile, Apple’s 2025 calendar year iPhone shipment estimate was lowered by Citi Research due to a delay in the upgrade of Siri
According to Counterpoint Research, iPhone sales fell 18.2% in China in the fourth quarter of 2024, while Huawei took the top spot. Apple slipped to third place in the Chinese market with a 17.1% market share, behind Huawei with an 18.1% share and second placed Xiaomi with 17.2%
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Global telecom giants are highlighting AI advancements at the Mobile World Congress in Barcelona. CEOs from multiple companies are emphasizing significant investments in new tech innovations
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BREAKING: Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) has raised its holdings in five Japanese trading houses, regulatory filings showed on Monday
Berkshire’s stake in Mitsui & Co (OTCPK:MITSY) rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp (OTCPK:MSBHF), Sumitomo Corp (OTCPK:SSUMY), Itochu (OTCPK:ITOCF) and Marubeni (OTCPK:MARUY) also rose by some percentage points, Reuters reported citing documents filed to Japan’s securities watchdog by its unit, National Indemnity Company
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