Google to buy Fitbit in $2.1 billion deal

November 2, 2019

New York (CNN)Google announced plans on Friday to acquire Fitbit, the world’s leading maker of wearable fitness activity trackers. The wearable fitness tracker company also said it never sells personal information and that its health and wellness data will not be used for Google ads. The acquisition deal is expected to be finalized in 2020. Earlier this year, Fitbit (FIT) lowered the price on some of its devices and launched…

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Jeff Bezos says Amazon is developing facial recognition regulations

September 29, 2019

(CNN)Amazon is crafting a set of proposed regulations to govern the use of facial recognition technology, company CEO Jeff Bezos said on Wednesday. Calls to regulate facial recognition have grown as privacy and civil liberties advocates have raised alarm bells over how the technology could be abused. Last year, Microsoft said unregulated facial recognition could harm society by leading to mass surveillance or by reinforcing discrimination and bias. Those concerns…

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The Apple Watch’s secret weapon is its new price

September 13, 2019

Cupertino, California (CNN Business)Almost exactly five years ago, Apple unveiled its smartwatch. It was the company’s first new hardware product after Steve Jobs’ death. People were quick to call it a flop. Smartwatches typically start in the $300 or higher range, with the exception of Fitbit ($169), the second most popular wearable brand behind Apple. “Apple does loosely base its pricing on the cost of producing a device, but it…

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Apple is unveiling the iPhone 11, but this what investors should really care about

September 12, 2019

New York (CNN Business)There isn’t a heck of a lot of excitement about Apple’s new iPhone 11. The gadgets CEO Tim Cook is expected to unveil Tuesday probably won’t be revolutionary. Services, which also take into account the value of Maps, Siri and iCloud, now make up 17% of Apple’s total sales, more than the iPad, Mac and wearables such as the Apple Watch. Only the iPhone, which accounts for…

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An iPhone 11 Pro? What to expect at Apple’s big event

September 8, 2019

New York (CNN Business)Apple (AAPL) will likely unveil new iPhones during a closely watched media event on Tuesday but don’t expect anything foldable, 5G capable or radically different from the year before. The decline came as the company grappled with consumers waiting longer to upgrade their smartphones and a trade war denting demand in China, once one of Apple’s most promising markets. If the rumors ahead of this year’s event…

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Virtual assistants, VR headsets and app stores. How tech is changing cars

June 15, 2019

Shanghai (CNN Business)It was all about autos at one of China’s top tech conferences this week. Mobvoi, a Beijing-based AI startup that produces wearables and vehicle tech, is one of them. The billion-dollar company, which is backed by big namessuch as Volkswagen (VLKAF) and Google (GOOG), has high hopes for its line of Ticwatches, said Yili Lin, vice president of sales and marketing. “In China nowadays, you don’t usually use…

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Here’s How Trump’s New China Tariffs Will Hit Your Wallet

May 15, 2019

increased tariffs from 10 to 25 percent on $200 billion in imported Chinese goods, with an eye to potentially raise tariffs on another $300 billion of Chinese imports in the near future. That’s not even remotely close to accurate. In reality, it’s not China that pays; instead, American consumers cover the cost of the tariffs by paying higher prices on imported Chinese goods. iPhone XS could cost $160 more thanks…

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Samsung’s Galaxy S10 lineup: Foldable phones, 5G and phones that charge each other

February 21, 2019

(CNN)A 5G device. A foldable phone that morphs into a tablet. A smartphone that can charge another smartphone when sandwiched together. Samsung kicked off its event with the debut of the Galaxy Fold, a 4.6 inch-smartphone that can open up into a 7.3-inch tablet. Along with Samsung’s long teased Infinity Flex display, it has a hinge system that can’t be seen from the outside. The luxury device, which will cost…

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It’s clearer than ever Apple’s iPhone problem isn’t going away

January 31, 2019

San Francisco (CNN Business)Apple’s iPhone business is in decline — and there appears to be no end in sight. Cook also noted “more severe” macroeconomic conditions in China, once one of Apple’s most promising new markets, reiterating a point made in the stark warning to investors this month. Apple’s sales in China fell considerably. It reported revenue in the region of $13.17 billion, down from $17.95 billion in the same…

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