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The article examines how Apple's forthcoming iPhone model, set to showcase new artificial intelligence (AI) features, as crucial for the company's future success. Topics discussed include the expected impact of AI on iPhone sales, the anticipated slow rollout of AI capabilities, and the mixed outlook from analysts on the potential for these features to boost demand.

The article highlights Huawei Technologies' increase in net profit for the first half of 2024, driven by strong smartphone sales and growth in its automotive sector. Topics discussed include the company's expansion in the electric vehicle market, its position as a leading smartphone seller in China, and recent investments in its autonomous-driving technology.

The article reports on multinational technology company Apple Inc.'s plan to launch the iPhone 16 smartphone on September 9, 2024. Topics discussed include the benefits of the artificial intelligence-powered features of iPhone 16, the decline in sales of iPhone smartphones, and Apple's efforts to compete with rival companies Microsoft, Meta Platforms and Alphabet with regards to investment in generative AI.

The article reports that American technology company Apple will enable iPhone mobile users in the European Union (EU) to delete native apps, such as Safari and the App Store, to comply with the European Union's Digital Markets Act. Topics include new software updates allowing removal of pre-installed apps, introduction of third-party app replacements, and the EU's regulatory efforts to enhance digital competition.

The article focuses on Apple's decision to allow competitors access to its tap-to-pay technology, potentially expanding the market for digital wallet payments. Topics include the implications for digital payment companies, the requirement for commercial agreements with Apple, and the potential challenges and opportunities for both consumers and payment service providers.

The article focuses on the loosening of Apple's control over its App Store, particularly in Europe. Topics include Epic Games launching an alternative app store, Spotify redirecting users to its website for subscriptions, and the broader implications of European regulatory changes on Apple's ecosystem.

Foxconn, the world's largest contract electronics maker, reported higher quarterly net profit and record revenue due to strong demand for artificial intelligence (AI) servers. The company's second-quarter net profit was 35.045 billion New Taiwan dollars, beating analysts' estimates. Quarterly revenue rose 19% to NT$1.551 trillion, with AI server sales surging 60% sequentially. Foxconn has been diversifying its business and now plays a significant role in building AI servers for companies like Amazon and Nvidia. The company's stock has soared nearly 80% this year, and it maintains an optimistic outlook for the rest of the year. [Extracted from the article]

A recent ruling by a federal judge has found Google to be a "monopolist" and in violation of antitrust law due to the dominance of its search engine. This ruling has raised concerns about the future of Google's arrangement with Apple, in which Google pays Apple billions of dollars each year to be the default search engine on the iPhone. Apple has been the largest beneficiary of these payments, which have accounted for a significant portion of its annual revenue. While the ruling may have negative implications for both Google and Apple, it is expected that any final resolution of the matter will be a long way off due to the likelihood of appeals and separate trials. [Extracted from the article]

Infineon Technologies, a German chip maker, has announced that it will cut approximately 1,400 jobs and lower its sales forecasts for the third time this year. The company attributes these actions to the ongoing inventory glut in the semiconductor industry, which has resulted in fewer orders for chips in smartphones, cars, and industrial machinery. Infineon now expects sales of around €15 billion in the fiscal year, compared to the previous forecast of €15.1 billion. The company will also redeploy 1,400 jobs to countries with lower labor costs in an effort to improve profitability. [Extracted from the article]

Warren Buffett's Berkshire Hathaway has sold nearly half of its stake in Apple in the second quarter, reducing its position in the company. Berkshire also sold a significant amount of Bank of America stock, leaving it with a 12.15% stake in the bank. The sales reflect the challenge Buffett faces in finding good investments at reasonable prices, as the stock market has become more expensive. Berkshire's cash hoard has reached a record $276.94 billion, and Buffett has expressed the need for low-risk, high-return opportunities to deploy the cash. [Extracted from the article]

Apple's iPhone revenue has declined for the second consecutive quarter, but investors are hopeful that the release of new artificial intelligence (AI) features in the fall will boost sales. In the quarter ending in June, iPhone sales decreased by nearly 1% to $39.3 billion, while overall Apple revenue increased by 5% to $85.8 billion. Apple has been investing in AI tools to catch up with rivals, and analysts believe that the new AI features will help reinvigorate iPhone sales. However, the release of some AI features may be delayed, potentially affecting the sales boost. [Extracted from the article]