Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.
Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.
Transportation and energy upgrades are expected to be the big drivers of smart city spending over the next decade.
Why it matters: Global spending on smart city projects will reach nearly $124 billion this year, an 18% increase over 2019, according to IDC, a market research firm.
House Speaker Nancy Pelosi on Sunday cautioned U.S. allies against allowing Chinese telecommunications giant Huawei to develop their 5G networks, arguing at the Munich Security Conference that doing so is akin to “choosing autocracy over democracy," CNBC reports.
Why it matters: Pelosi's hawkish stance marks a rare area of agreement with the Trump administration, which believes Huawei is a national security threat because the Chinese government may be capable of accessing its equipment for espionage.
Mark Zuckerberg,speaking at a fireside chat at the Munich Security Conference, said that since 2016, Facebook has "played a role in helping to defend the integrity of" more than 200 elections around the world.
Why it matters: On top of growing revenue and the number of users on Facebook, Zuckerberg also has to ensure that the platform is not blamed for negatively influencing elections and does not buckle on freedom of speech.
