Category: Technology News

TMN - tesla
Technology News

Tesla Reported $1.14 Billion in Net Income During Q2

The giant car marker, Tesla, reported second-quarter earnings after the bell Monday. The Q2 earnings turned out better than anticipated, and shares increased by nearly 2% after-hours. Tesla reported earnings of $1.45 cents per share,

The Digital yuan is posing challenges to the U.S. dollar
Technology News

The Digital Yuan Posing Challenges to the U.S. Dollar

China is beating the United States when it comes to innovation in online money. The country is posing challenges to the greenback’s status as the de facto monetary reserve. As we know, about 80 countries

Twitter's revenue saw the fastest surge since 2014 
Technology News

Twitter’s Revenue Saw the Fastest Surge Since 2014 

Stocks of Microblogging’ system Twitter increased after the company reported on Thursday second-quarter earnings that came stronger than analysts had expected. Twitter announced earnings of 20 cents per share, while Wall Street estimated 7 cents. The

Tesla to open Supercharger network to other vehicles
Technology News

Tesla to Open Supercharger Network to Other Vehicles

According to Elon Musk, Chief Executive Officer of Tesla, the company plans to open its network of superchargers to other electric vehicles this year. As we know, Tesla’s network of D.C. fast-charging stations for its

Xiaomi overtakes Apple and becomes No 2 smartphone maker
Technology News

Xiaomi overtakes Apple and becomes No 2 smartphone maker

According to analyst company Canalys, Chinese smartphone gigant Xiaomi was the second-largest smartphone maker in the second quarter of 2021, overtaking Apple. Lei Jun, Xiaomi CEO, posted on Weibo on Thursday, saying that he has

Didi's rivals try to chip away its market share
Technology News

DiDi’s Rivals Try to Chip Away Its Market Share

As we know, DiDi Global Inc.’s ride-hailing services removal from app stores in China has spooked riders and drivers. Meanwhile, rivals are trying to chip away at the company’s market share as DiDi faces a

TMN - apple
Technology News

Apple Plans to Increase iPhone Production by As Much as 20%

According to Bloomberg, the tech giant, Apple, is asking suppliers to ramp up production of its next-generation iPhones by 20%. Apple witnessed a supercycle in 2020, driven by new 5G models that offered consumers access to the