The iPhone has been named the „best-selling tech product of 2017“ by analyst Daniel Ives of GBH Insights (via USA Today).
Apple’s smartphone achieved the same ranking in 2016, and Ives said that the company will sell a total of 223 million iPhones in 2017, increasing from 211 million sold in 2016.
The iPhone was followed by Samsung Galaxy S8 and Note 8 (33 million), Amazon Echo Dot (24 million), Apple Watch (20 million), and Nintendo Switch (15 million).
The rankings include all models of iPhone grouped together, explaining why the gap is so large between Apple’s iPhone and Samsung’s Galaxy S8 and Note 8. But all in all, [...]
The U.K. government announced in Wednesday’s annual budget that it plans to clamp down on tax avoidance by increasing the tax it collects from online giants such as Apple and Amazon.
In his Treasury speech to the Commons, Chancellor Philip Hammond said income tax would be charged on royalties relating to U.K. sales, even when they are paid to a low-tax jurisdiction and would not normally be taxed in the UK under current rules.
The new rules are due to come into effect from April next year, and estimates suggest they will raise approximately 800 million pounds ($1.07 billion) in extra tax over the next five years. However, Hammond admitted they would [...]
In a surprise move, Samsung announced on Friday that its CEO and vice chairman Kwon Oh-hyun is to step down. Kwon was expected to take a bigger role at the company after de facto leader J Y Lee was arrested and jailed for bribery, but his surprise resignation has deepened concerns of a power vacuum.
„It is something I had been thinking long and hard about for quite some time. It has not been an easy decision, but I feel I can no longer put it off,“ Kwon said in a letter sent to employees. „As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company to start anew, with a new spirit and young leadership to [...]