Apple’s Suppliers Gear Up for the Next iPhone and 2 Other Tech Titans Making Noise
Apple (NASDAQ:AAPL): Apple partner Foxconn has announced a hiring spree, as the company is reportedly gearing up for production on Apple’s next handset. The company has reported that 10,000 workers have been added weekly since the end of March at its Zengzhou facilities, and that the hiring will continue to meet the seasonal demand.
Microsoft (NASDAQ:MSFT): The Wall Street Journal has heard from sources the Washington-based software giant is planning on getting into the wearable tech game, joining titans like Samsung (SSNLF.PK) and Apple (NASDAQ:AAPL). Reportedly, Microsoft is also planning a form of smartwatch device, though the company declined to comment on the matter. Gartner Research alleges that the wearable tech industry could be valued at $10 billion by 2016, and apparently Microsoft is not going to fall behind again like it did with its mobile platform.
Google (NASDAQ:GOOG): The European Commission has accepted Google’s bid for a settlement between the two, after an antitrust investigation was carried out to determine if Google was abusing its privileges of Internet search dominance. It is the first time Google has agreed to legally binding changes to its search, after the probe dragged out for two years. Sources told the New York Times that Google would not have to alter its algorithm, but instead has agreed to clearly label search results from its own properties, like Google Plus Local or Google News, and in some cases to show links from rival search engines, the Times said.