Samsung Electronics recently announced a fourth-quarter operating profit that fell short of market expectations, reaching 6.5 trillion won (US$4.46 billion). Although this figure more than doubled from the same period last year, it was 15.7% below the average analyst estimate of 7.72 trillion won (US$5.29 billion). The profit also marked a significant decline of 29.19%
Indonesia is on the brink of a significant development that could impact the tech world. Reports suggest that the country is nearing an agreement to lift the ban on selling the latest iPhone models, including the highly anticipated iPhone 16. This potential deal comes after a period of restrictions that affected Apple’s market presence in
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Four co-founders of API Holdings, the parent company of PharmEasy, have decided to step down. Dharmil Sheth, Dhaval Shah, Harsh Parekh, and Hardik Dedhia are set to leave their positions at the Mumbai-based startup. This significant move leaves Siddharth Shah as the sole co-founder continuing in his role as CEO. PharmEasy started its journey in
In the realm of social media, Instagram has recently taken significant steps to bolster safety measures for teenagers in Singapore. The platform’s latest updates aim to create a safer online environment for young users, addressing concerns regarding their well-being and privacy. One of the key features introduced by Instagram is a series of safety tools
Apple, a tech giant known for its innovative products, faced a challenging period in China. The latest reports reveal a notable 18% drop in iPhone sales during the holiday quarter. This decline has sparked discussions and raised concerns among industry experts and consumers alike. Apple Slips to Third Place In a surprising turn of events,
India’s Jio Platforms, in collaboration with Luxembourg-based SES, has made significant strides by acquiring permission from India’s space regulatory body to operate satellites over the country. This move marks a major development in the satellite internet industry, pitting them against global giants like Starlink and Amazon’s Kuiper. Competing with Global Players Orbit Connect is positioned
In the bustling financial landscape of Jakarta, a major player is making waves. Superbank, with heavyweight backers like Emtek Group, Grab, KakaoBank, and Singtel, is contemplating a bold move – an Initial Public Offering (IPO) to raise a substantial sum ranging from US$200 million to US$300 million this year. Picture this: A digital bank still
Sea Limited and YTL Digital Capital Sdn Bhd have joined hands to launch Malaysia’s pioneering AI-powered digital bank, Ryt Bank. This groundbreaking collaboration has gained approval from Malaysia’s Ministry of Finance and is set to revolutionize the country’s banking landscape. A New Era in Banking Innovation Ryt Bank, scheduled to kickstart operations on December 20th,
After a recent earthquake in Taiwan, many were left wondering about the fate of TSMC, one of the world’s leading semiconductor manufacturers. The earthquake had disrupted operations at TSMC, causing concern among tech giants like Apple and Nvidia who heavily rely on its chips. However, things took a surprising turn as TSMC managed to bounce