United States
Apple drops ▪ Stocks in US tech giant Apple have dropped, after the company lowered its revenue estimates for the holiday quarter. Factors for the decrease were said to be, largely, slowing product sales in China. China's slowing consumer economy and trade tensions between China and the US have contributed to the decline.
Sears saga continues ▪ Eddie Lampert, the chairman of the embattled department store chain, has submitted a last minute USD 4.4 billion bid for 425 Sears stores and a bank-up plan in case the buyout offer is rejected, however, it doesn't guarantee that Sears will avoid liquidation.
Positive growth ▪ Self-care app Shine has brought its services to Android. With a growing user base of 3 million, the service, which focuses on mental health and positivity, has created an official app for its large Android user base.
Asia & Australia
Software markets ▪ The app market continues to seek out fertile soil, with Chinese developers heading to India. A recent report has found that in the space of a year Chinese app makers in India have more than doubled, now holding up to 44% of the market.
Dollar decline ▪ Apple's forecast drop is only serving to heighten the ripple effect China's lagging retail market is having. The Australian dollar is another victim, having fallen to below 70 cents to the USD, 10 cents down from last year.
New openings ▪ Japanese rail company, East Japan Railway, is launching a mall in Taiwan, its first overseas venture of the kind. The mall is set to open this month, in Taipei's tallest building, Taipei Nan Shan Plaza.
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