Today's top tech news: Samsung is firing 1,000 employees, Apple TV+ plans to beat Netflix with fewer shows and Australia puts Facebook and YouTube on notice in a fight against online terrorism
The price competition from Chinese players like Xiaomi and OnePlus dethroned Samsung’s dominance in the country and has an impact on its profit margins, which is why the aim to of the cost rationalisation programme is to increase the profitability of Samsung’s operations.
Apple goes the way of ‘quality over quantity’ in a bid to outdo Netflix
Eddy Cue, the company’s senior vice president, stated that while Apple might be making as many shows as Netflix, it is aiming to create the best shows in the market. The strategy may or may not be successful but may solve the ‘paradox of choice’ for a few users.
Ola’s investors back its electric company – Ola Electric – welcome it to the unicorn club
Ola Electric is also helping Ola partner with equipment manufacturers and battery manufacturers while also looking for electric vehicle solutions in the automotive industry.
TikTok has refuted Shashi Tharoor's claim that the app with 200 million Indian users is sharing data with China
The Bytedance-owned enterprise also stated that it doesn't operate in the People's Republic of China and these Chinese government has no access to any of the TikTok users data.