Latest Consumer electronics manufacturing News

Huawei giving employees bonus for coping with US sanctions

Nov. 12, 2019 6:57 AM EST

BEIJING (AP) — Huawei is paying its employees bonuses totaling more than $285 million as thanks for helping the Chinese tech giant cope with U.S. sanctions that threaten its smartphone and other businesses. Huawei scrambled to remove U.S. components from its products following curbs announced in May on...

AP Interview: Huawei founder says US woes not hardest crisis

Nov. 9, 2019 9:09 PM EST

SHENZHEN, China (AP) — For decades, Huawei's founder stayed out of sight as it grew to become the biggest maker of network gear for phone carriers and passed Apple as the No. 2 smartphone brand. Now, Ren Zhengfei is shedding that anonymity as China's first global tech brand mobilizes to fight back against...

AP Interview: Huawei founder says US woes not hardest crisis

Nov. 8, 2019 5:46 AM EST

SHENZHEN, China (AP) — For decades, Huawei's founder stayed out of sight as it grew to become the biggest maker of network gear for phone carriers and passed Apple as the No. 2 smartphone brand. Now, Ren Zhengfei is shedding that anonymity as China's first global tech brand mobilizes to fight back against...

AP Interview: Huawei founder says US woes not hardest crisis

Nov. 8, 2019 5:44 AM EST

SHENZHEN, China (AP) — For decades, Huawei founder Ren Zhengfei stayed out of sight as his company grew to become the biggest maker of network gear for phone carriers and surpassed Apple as the No. 2 smartphone brand. Now, Ren is shedding that anonymity as Huawei Technologies Ltd. mobilizes against the...

Charges: Chinese surveillance goods illegally sold to US

Nov. 7, 2019 4:20 PM EST

NEW YORK (AP) — A Long Island firm sold tens of millions of dollars in Chinese-made surveillance and other sensitive security equipment to customers, including the U.S. military to use on aircraft carriers, by falsely claiming the goods were manufactured in America, federal prosecutors said Thursday. The...

HP says it has received a 'proposal' from Xerox

Nov. 6, 2019 8:25 PM EST

NEW YORK (AP) — Computer and printer maker HP Inc. said Wednesday it had received a "proposal" from copier maker Xerox and has had conversations "from time to time" with the company about a potential business combination. HP said Wednesday that it received the proposal on Tuesday but did not provide...

Fitbit buy is Google's latest step into gadgetry

Nov. 2, 2019 10:37 AM EDT

Google's acquisition of wearable pioneer Fitbit may be a bold plunge into health and fitness technology. But it's also just the latest step in the internet giant's often-halting effort to become a force in consumer hardware. Once a pure software company known for its search engine, apps like Gmail and its Android...

Apple TV Plus joins streaming wars, has Oprah but no catalog

Oct. 31, 2019 3:44 PM EDT

LOS ANGELES (AP) — As the streaming wars near a fever pitch and viewers are targeted from every vantage point — Disney Plus has the Marvel and Star Wars brands! HBO Max counters with "Game of Thrones" and DC superheroes! — Apple TV Plus could be cast as the highly pedigreed and improbable...

Samsung Electronics says third quarter profit fell 56%

Oct. 31, 2019 12:30 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips. The South Korean technology giant reported an operating profit of 7.78...

Apple shakes off iPhone slump to deliver strong fiscal 4Q

Oct. 30, 2019 6:53 PM EDT

SAN FRANCISCO (AP) — Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone. Sales and revenue in the July-September quarter exceeded Wall Street estimates as Apple's newest iPhones got off to a better start than expected, even though the devices...