Foxconn is best known as an Apple supplier that assembles Apple’s devices and supplies components to the Cupertino-based company, but as of today, it’s taking over a major Apple accessory maker.
Foxconn Interconnect Technology (FIT), a Foxconn subsidiary, today announced that it has acquired Belkin International in a deal that’s worth $866 million. The acquisition includes the Belkin brand along with Linksys, Wemo, and Phyn, other companies owned by Belkin.
One of Belkin’s recently introduced wireless charging accessories The acquisition will allow Foxconn Interconnect Technology to „further tap into premium accessories and the [...]
Amazon is acquiring Ring, the company that makes a range of WiFi-enabled home security products that include video doorbells, reports GeekWire. The two companies are expected to officially announce the acquisition news later this afternoon, but provided a statement to GeekWire. „Ring is committed to our mission to reduce crime in neighborhoods by providing effective yet affordable home security tools to our neighbors that make a positive impact on our homes, our communities, and the world,“ a Ring spokesperson said in a statement. „We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward to being [...]
Apple’s stock price has established a new all-time high in the company’s history, as shares exchanged hands for slightly above the previous record of $180.10 in intraday trading today following several weeks of gains.
AAPL has been on the rise since bottoming out at $150.24 on February 9, one day after the Dow Jones plunged over 1,000 points. The broader selloff in the stock market proved to be short lived, as many technology stocks have since rebounded, and the Dow Jones is up nearly eight percent compared to a few weeks ago.
The all-time high comes after billionaire investor Warren Buffett said his company Berkshire Hathaway has purchased [...]
Apple rose to become the world’s fourth-largest PC maker in 2017, as Mac sales increased to nearly 20 million during the year, according to the latest estimates shared by research firms IDC and Gartner.
The roughly 19.6 million total is based on Apple’s reported Mac sales of 13.9 million units in the first three calendar quarters of the year, while IDC and Gartner estimate Apple sold another 5.4 million to 5.7 million Macs in the fourth quarter.
Apple officially reported sales of 18.5 million Macs in 2016, so the company is looking at year-over-year growth of around four to six percent based on the IDC and Gartner data. Apple sold over 20 million Macs [...]