President Trump has signed the $716 billion "John S. McCain National Defense Authorization Act" into law, and while the legislation stopped short of a full-on ban on mobile phones from the Chinese manufacturers, it did block government agencies from purchasing devices from ZTE, Huawei, and other Chinese entities.
Apple could soon find itself caught in the middle of a quickly escalating trade skirmish between the U.S. and China. The U.S. Federal Communications Commission on Tuesday moved forward with plans to limit sales of certain Chinese telecommunications products, a move that leaves America's high-tech industry open to tit-for-tat retaliations.
Android smartphone manufacturers are looking towards developing more foldable phones to offer consumers a larger display to compete against bigger handsets like the iPhone 8 Plus, a report claims, with a number of vendors said to be working on mobile devices using multiple screens to create a larger display area.
The launch of Samsung's 2017 flagship Galaxy S8 isn't causing any apparent concern among Apple's investors, who collectively pushed the company's stock even further upward today despite the announcements—and the continuous run up in Apple stock that has occurred since the iPhone maker last released earnings in January.
LeEco, the Chinese firm reported to be "taking on" Apple (as well as Tesla and Netflix) less than a year ago in an ambitious American expansion with new headquarters in San Jose, is now laying off employees and selling its property after running out of cash.
Apple's iPhone continued to grab the vast majority of smartphone profits globally, due to poor performance by Samsung and largely profitless production of massive numbers of lower end models by several companies in China.
Chinese phone maker ZTE has agreed to plead guilty on charges of violating U.S. sanctions restricting the sale of American technology to Iran and North Korea, and lying about it to investigators. It will pay $892 million in fees, effectively wiping out about two years of the company's net profits.