
Computer and smartphone maker Apple has been discussing with social media company Twitter the possibility of making a significant investment in it, The New York Times reported late on Friday. Citing unnamed “people briefed on the matter,” the newspaper said Apple was considering investing into Twitter hundreds of millions of dollars, which could increase Twitter’s valuation from $8.4 billion to more than $10 billion. The contacts between the two companies’ executives were not formal negotiations, and there were no assurances the two sides will come to an agreement, the report said. Apple has already incorporated Twitter features into its software for phones, tablets and computers, The Times said. Meanwhile, Twitter has assigned more resources into managing its relationship with Apple. the paper noted. Apple’s share of the US smartphone market was expected to inch up one per centage point to 31 per cent this year, while the share for handsets powered by Google-backed Android software was expected to hit 41 per cent, according to eMarketer. On Tuesday, the company reported a rise in its quarterly profit to $8.8 billion on hot iPad sales but the results came up short of lofty Wall Street expectations, prompting its shares to dive.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor