Trump meets Apple CEO Tim Cook ahead of imposing new trade tariffs on China

The new wave of tariffs which could go into effect from August 1, is likely to cover consumer electronics, including smartphones and tablets. With U.S. President Donald Trump deliberating whether to make good on his threat to impose tariffs on the remaining un-tariffed Chinese exports to the United States, Trump met Apple’s CEO Tim Cook…

Taiwan’s Pegatron to sink upto $1 billion in Indonesian chip making factory for Apple

Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…

Fitbit Inc reports stellar first quarter results

The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…

Facebook’s data deals with Microsoft, Apple and Amazon under grand jury scrutiny

Facebook’s 150 personal information sharing contracts with tech companies is now under a grand jury scrutiny. Question is can you ever trust Facebook? As per a report by the New York Times, U.S. federal prosecutors are conducting a criminal probe into data deals that Facebook Inc entered into with some of the world’s largest tech…