News highlights for July 26
A person uses a phone in an Apple store in Beijing, China, July 27, 2016. REUTERS/Thomas Peter
Apple CEO touts future technology
Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.
Augmented reality, in which computer-generated content is overlaid on the real world, is one of the latest fixations in the technology business, with Pokemon GO among the first applications to catch on. Cook also highlighted Apple’s investment in artificial intelligence, which the company now uses to recommend content to users and even spot usage patterns to improve a device’s battery life.
Apple sells more iPhones than expected, shares jump after hours
Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts’ targets, soothing fears that demand for the company’s most important product had hit a wall. Its shares rose 7 percent in after-hours trading.
Mobileye split with Tesla spurs debate on self-driving tech
A rift between Tesla Motors Inc and key supplier Mobileye NV sent down shares of the Israeli maker of chips for the electric vehicle maker’s semi-automated Autopilot system and fanned debate on self-driving vehicle technology.
BlackBerry unveils second, cheaper, Android device
BlackBerry Ltd unveiled a second Android-based handset on Tuesday, a device combining Alphabet Inc’s popular software and broad app catalog with the Canadian company’s security and productivity features at a lower price.
Amazon launches Prime loyalty program in India
Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world’s second-most populous country. The world’s biggest online retailer has been pumping billions of dollars into India as it seeks to win a bigger share of a market dominated by homegrown e-retailer Flipkart.
LogMeIn to merge with Citrix’s GoTo unit in all-stock deal
LogMeIn Inc and a unit of Citrix Systems Inc that makes software products such as GoToMeeting said on Tuesday they are merging in an all-stock deal to create a $1.8 billion company focused on technology applications for the workplace.
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