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This at a time when Apple has lost $176 billion in market value since the start of the year, after Piper Sandler became the second brokerage to downgrade the stock this week on worries of a slump in demand for its products, including the iPhone.
17% expected growth in segment to drive 10% rise in wearable band market globally in 2024
The Finnish company welcomed the "amicable" agreement with Honor, previously a unit of U.S. sanctions-hit Huawei Technologies, after a recent set-back in China where a local court sided with Oppo in its demand for lower royalty rates for Nokia's technologies, South China Morning Post reported.
Chinese cloud computing services have yet to see the much-anticipated boost from artificial intelligence, as sales growth plateaued in the third quarter despite heavy AI investments.
Africa's smartphone market showed resilience in the third quarter, with South Africa’s mobile shipments showing a 20% growth, says Canalys.