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Tag: US

China’s ZTE Revises 2015 Profit After US Export Curbs

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Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit on Wednesday due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to CNY 3.2 billion ($493.3 million or roughly Rs. 3,277 crores). On January 19, the company reported a preliminary 2015 net profit of CNY 3.8 billion. ZTE said in a stock exchange filing the reduction was due to a reassessment of future cash inflows arising from related contracts following…

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iPhone SE Seeing Stock-Outs, Shipping Delays in the US

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Apple launched its iPhone SE smartphone last month, with the first wave of launch countries (including the US) gaining availability on March 31. However, the smartphone’s SIM-free variant and some carrier-based models appear to be in short supply in the US via the company website, in-store pickups, and carrier stores. The iPhone SE checkout page in the company’s US website says shipping for most models will start in the next 7-10 days, and the fastest a user can get an iPhone SE is April 12. The shipping dates can go…

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Samsung the Third Most Reputed Firm in the US: Report

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South Korea’s No.1 tech firm Samsung Electronics Co. was named the third-most reputable company in the US, an industry tracker said on Wednesday. Samsung’s rival, the top tech giant Apple Inc., remained out of the top 100, Yonhap news agency reported. According to research conducted by US-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Foodstuffs maker Kellogg Company, Japanese tech giant Sony Corp. and Johnson & Johnson followed Samsung on the list. Switzerland-based watch…

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US Attempt to Unlock iPhone Could Impact New York Case: Apple

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Apple Inc said the US Justice Department’s new attempts to unlock an iPhone used by one of the San Bernardino shooters without the tech giant’s help could eliminate the government’s need for its assistance in a similar dispute in New York. The company’s position was laid out in a letter filed on Thursday in federal court in Brooklyn, New York, seeking to delay briefing in the Justice Department’s appeal of a ruling that protects Apple from unlocking an iPhone in a drug case. The letter came after US prosecutors on…

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US May Not Need Apple’s Help to Crack iPhone

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US May Not Need Apple’s Help to Crack iPhone The US government said Monday it may have found a way to crack the iPhone of one of the San Bernardino attackers without Apple’s help, possibly avoiding a showdown with the tech giant. In a court filing, federal prosecutors said that on Sunday, an unidentified “outside party” had demonstrated to the FBI a possible way to unlock Syed Farook’s iPhone. “Our top priority has always been gaining access into the phone used by the terrorist in San Bernardino,” Justice Department spokeswoman…

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US Supreme Court Agrees to Hear Apple-Samsung Patent Fight

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The US Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs of the iPhone. Samsung Electronics Co Ltd paid Apple more than $548 million in December related to a jury verdict from 2012. It is seeking to pare back the $399 million of that amount that was awarded for infringing on the designs of the iPhone’s rounded-corner front face, bezel and colorful…

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