• Nokia shares surge on news of possible takeover

    Nokia shares surge on news of possible takeover

    Nokia declined to comment on Thursday on a media report saying it was working with an investment bank to defend itself from a hostile takeover — the news of which sent its shares flying. “Nokia does not comment on market rumors,” said a Nokia spokesman. Earlier on Thursday shares in Nokia surged 12.5 percent with …
  • Cellphone tracking shows coronavirus damage to US economy

    Cellphone tracking shows coronavirus damage to US economy

    The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the US like a deep freeze — long-distance travel was hit early on, but eventually overall retail foot traffic slowed to a crawl, too. As the US started shutting down to fight the coronavirus …
  • Apple announces new iPhone SE as coronavirus ravages global economy

    Apple announces new iPhone SE as coronavirus ravages global economy

    Apple on Wednesday unveiled its latest budget smartphone, even as the coronavirus pandemic slams consumer spending worldwide. The new iPhone SE, which starts at $399 and keeps the same name as its 2016 predecessor, wasn’t announced with a splashy staged event, but instead in a press release, a first for Apple’s most famous product. The …
  • Apple sees iPhone sales rebound in China after dismal February

    Apple sees iPhone sales rebound in China after dismal February

    Apple’s iPhone sales in China look like they’re starting to recover from the coronavirus. The tech giant shipped roughly 2.5 million iPhones in the country in March, up from a disastrous February where it moved just 500,000 units thanks in part to a closure of all Apple retail stores in the country. Total mobile phone …