A warning from Apple on Monday that it would not meet its quarterly earnings forecast shows how quickly the coronavirus is creating real problems for the tech industry.
Why it matters: The virus is still in what could be the early stages and is already stressing supply chains and causing conference cancellations.
The death of the company behind HQ Trivia is a reminder of just how hard it is to win in the hit-driven games business.
Why it matters: Those seeking to invest in or value game startups would be wise to remember this the next time a company based upon a single premise turns briefly red-hot.
Facebook is doubling down on its big pitch to lawmakers across the globe: regulate us.
Yes, but: Key regulators aren't buying it. Hours after Facebook CEO Mark Zuckerberg met with lawmakers in Europe to discuss the company's new proposals for regulation, a French commissioner overseeing the EU's data strategy rejected the plan, saying "It’s not enough. It’s too slow, it’s too low in terms of responsibility and regulation."
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.
