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Xiaomi, a Beijing-based company known for its smartphones, has launched its first electric vehicle (EV), the SU7 sedan. Priced at around $30,000, the EV received nearly 90,000 refundable orders within 24 hours of its launch. Xiaomi's stock surged by 12% in Hong Kong after the unveiling, and the company is expected to ship 5,000 to 6,000 vehicles in April, with full-year sales projected at 55,000 to 70,000 units. Analysts believe that Xiaomi's entry into the market may negatively impact Xpeng, another Chinese EV startup. [Extracted from the article]

The Justice Department has accused Apple of having an improper monopoly with its iPhone, drawing comparisons to Microsoft's antitrust battle in the late 1990s. Apple has defended itself against monopoly claims, stating that it faces competition from companies like Samsung and Google's Android. The legal battle is expected to be lengthy and could impact Apple's CEO, Tim Cook, who is already facing challenges with iPhone growth and concerns about falling behind in artificial intelligence. However, some argue that Microsoft's post-antitrust performance was not solely influenced by the legal fight, but also by a lack of innovation. [Extracted from the article]

The Justice Department has filed a lawsuit against Apple, alleging that the company has protected its monopoly in smartphones by preventing innovative apps and accessories that would reduce dependence on Apple's technology. Apple has successfully defended itself against previous legal challenges by arguing that its closed ecosystem is safer and better for users. The government faces an uphill battle in convincing a court that Apple's policies result in higher prices and harm consumers. Apple has a strong record of fending off antitrust lawsuits in the past. [Extracted from the article]

The U.S. Justice Department has filed a lawsuit against Apple, accusing the company of engaging in monopolistic behavior in its iPhone business. This comes as European authorities are also cracking down on aspects of Apple's App Store, and as the company faces challenges in the Chinese market. Apple's stock has fallen following the announcement of the lawsuit, and while analysts believe Apple will likely prevail in the case, it could take several years to resolve. The App Store is a significant source of revenue for Apple, and any changes to its business practices could have a major impact. [Extracted from the article]

Apple has held preliminary talks with Chinese company Baidu about using its generative artificial intelligence (AI) technology in Apple devices in China. This is part of Apple's efforts to expand its AI capabilities and navigate regulatory requirements in China. China requires AI models to be vetted by its cyberspace regulator before being launched to the public, and so far, no models made by foreign developers have been approved. Teaming up with a local AI model supplier could help Apple compete with rivals in Chinese-language AI capabilities. [Extracted from the article]

Despite scaled-back bets on interest-rate cuts, major stock indexes experienced gains on Monday, driven by strong performances from tech stocks such as Alphabet and Apple. Alphabet shares surged 4.6% following a report that Google's artificial-intelligence engine could be used in Apple's iPhone. Tesla's stock also jumped 6.3%, although it remains down 30% for the year. The S&P 500 rose 0.6%, the Nasdaq Composite advanced 0.8%, and the Dow Jones Industrial Average added 0.2%. The Federal Reserve's interest-rate decision later in the week is being closely watched by investors. [Extracted from the article]

Chinese mobile-phone maker Xiaomi is set to launch its first electric vehicle, the SU7, on March 28. The four-door sedan is packed with technology and aims to capture interest in a slowing EV market in China. Xiaomi's CEO, Lei Jun, expressed confidence in entering the EV market despite intense competition. The SU7 boasts impressive features, including fast acceleration speeds and a driving range of up to 800 kilometers. However, analysts predict that the launch may impact Xiaomi's profitability due to increased expenses. [Extracted from the article]

Apple has announced that it will allow iPhone users in Europe to download apps directly from a developer's website, as part of its efforts to comply with the EU's Digital Markets Act. This move is seen as a concession to regulators and aims to make it easier for smaller rivals to compete. However, developers will still need to pay Apple a fee for each download above a certain threshold, unless they qualify for a waiver. Apple has also stated that it will allow developers to set up alternative marketplaces exclusively for their apps and provide more flexibility in designing promotions that direct users to external webpages. This announcement follows Apple's recent reversal of its decision to prevent Epic Games from building its own app store in Europe. [Extracted from the article]

Bill Brown, former CEO of L3Harris Technologies, has been named the new CEO of 3M. He will take over on May 1, succeeding Mike Roman, who will become the executive chairman. This leadership change comes as 3M faces costly litigation and weak consumer spending. The company is also preparing for the spinoff of its healthcare division and continues to battle litigation over PFAS chemicals. Brown will inherit these challenges and will need to address the company's operations and restore consistent revenue growth. [Extracted from the article]

Russia's ability to produce weapons has surprised the West and put pressure on Ukraine, but some analysts question the sustainability of Russia's military production figures. They argue that Russia faces challenges such as a shortage of skilled labor and a decline in quality. The increase in military production has strained resources from the wider economy, potentially making Russia more reliant on allies like China, Iran, and North Korea. While Russia has been able to avoid some sanctions and increase production, there are concerns about the long-term viability of its arms industry. [Extracted from the article]

Shares of Contemporary Amperex Technology (CATL) surged after news emerged that the company is collaborating with Chinese tech company Xiaomi and automaker BAIC on a new factory venture. CATL, which supplies batteries to carmakers like Tesla, saw its shares rise by 14% and became the top riser in China's blue-chip CSI 300 index. The rally was also driven by an upgrade from Morgan Stanley, who raised their rating on CATL and increased the stock's target price. Analysts expect CATL to benefit from its new generation of mega production lines and anticipate strong demand for CATL's batteries in the year ahead. [Extracted from the article]

Apple is set to open its eighth store in Shanghai, China, this month, despite a decline in iPhone sales in the country. The new store will be located in the Jing'an district, a central business area of Shanghai. Apple's iPhone sales in China have dropped by 24% compared to the previous year, causing the company to fall to fourth place in terms of smartphone sales in the country. In contrast, Chinese competitor Huawei has seen a 64% increase in sales, driven by demand for its Mate 60 series. [Extracted from the article]

Investors have been enthusiastic about Broadcom's AI chips, leading to a surge in the company's market value. Revenue from AI chips in the January-ending quarter increased by 53% compared to the previous quarter, and the company expects AI revenue to exceed $10 billion in the current fiscal year. However, unlike Nvidia, Broadcom is a diversified tech giant with segments that are not growing, such as wireless chips for the iPhone. Other chip companies, like Marvell, are also experiencing similar dynamics, with non-AI segments missing projections. While the chip industry has benefited from the demand for generative AI, most chip companies also have exposure to slow-growing or overstocked market segments. Broadcom's acquisition of VMware has allowed it to generate steady revenue from software, which will help it navigate the cyclical nature of the chip industry. [Extracted from the article]

This article from the Wall Street Journal discusses a hidden feature on iPhones that allows users to launch apps and perform certain tasks by tapping the back of their phone. The feature is found in the Settings menu under "Accessibility" and "Touch." Users can customize the taps to perform actions such as turning on the flashlight, launching the camera, or muting the ringer. The article also mentions the use of Apple's "Shortcuts" app to create custom automations triggered by the taps. However, there is a limit to the number of actions that can be assigned to the taps. The article suggests practicing the taps before using them regularly and mentions that the feature may require different levels of pressure depending on the phone case. [Extracted from the article]