Why Amazon, Apple, Peloton and Zoom won 2020, while others like Quibi lost big

Credit: Pixabay/CC0 Public Domain

When a pandemic hits, stay-at-home orders are issued and people are spending even less time at retail stores, e-commerce giant Amazon was there to serve.

Amazon’s sales ballooned, as the initial delays and hiccups got fixed and the e-tailer figured out ways to continue moving products from one location to another, often overnight.

For that, we pick Amazon as the biggest tech winner of 2020, with Apple a close runner-up. In its most recent earnings, Amazon said sales jumped to $96.1 billion in the quarter, compared to $70 billion in the year ago quarter.

Millions of people were sent home to work or learn from there, and to do their jobs more efficiently, they needed to buy new computers, phones and tablets. Apple reversed a trend of declining iPad sales and flat Mac computer sales, while also continuing to sell a high-end product, the iPhone, with

Read more

Boeing 737 MAX to return to US skies with American flight

American Airlines will fly the first 737 MAX commercial flight in the US, traveling from Miami to New York

American Airlines passengers are set to fly Tuesday on the first US commercial flight on a Boeing 737 MAX since the aircraft was allowed to return to service after a nearly two-year absence.

The top-selling has been grounded worldwide since March 2019 following two crashes that killed 346 people.

The aerospace giant since then has worked with regulators to address the technical issues and improve pilot training.

American’s 718 will fly about 100 passengers from Miami to New York’s La Guardia airport, departing at 1532 GMT and due to land around 1730 GMT, the airline told AFP in an email Tuesday.

The return flight, with nearly every seat sold, is scheduled to depart New York at 1930 GMT, according to American.

The aircraft already had its first

Read more

iPhone again best tech seller of the year, thanks to work-from-home trend

Credit: Pixabay/CC0 Public Domain

Once again, the best-selling tech product of 2020 was Apple’s iPhone—topping the phone’s sales in 2019—despite being a pandemic year when so many people were thrown out of work and money was harder to come by.

That’s the projection from Daniel Ives, an analyst with Wedbush Securities, who tracks sales for U.S. TODAY in an exclusive chart.

At 195 million units, that bests Apple’s 2019 iPhone sales of 185 million units. Ives credits the increase in sales to the work and learn from home trend that saw so many people need to upgrade their tech gear.

That Apple was able to see an increase for a product that ranges from $399 to $1,099 during the COVID crisis was a “shock,” Ives says. “It just speaks to the pent-up demand Apple has created in the install base,” which totals over 1 billion users.

In 2020, Apple introduced

Read more

China orders Ant Group to rectify businesses

Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector.

The People’s Bank of China, the country’s , summoned Ant executives on Saturday and ordered them to formulate a rectification plan and an implementation timetable of its , including its credit, insurance and wealth management services, the regulators said in a statement Sunday.

The statement said that Ant Group lacked a sound governance mechanism, defied regulatory compliance requirements and engaged in regulatory arbitrage. It also said that the company used its market position to exclude rivals and hurt the rights and interests of consumers.

The meeting came after Chinese regulators last month halted Ant’s $37 billion stock debut in Shanghai and Hong Kong over regulatory changes, and comes just days after China announced an anti-monopoly

Read more

China begins anti-monopoly probe into tech giant Alibaba

China has launched an anti-monopoly investigation into e-commerce giant Alibaba

China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma.

Regulators will also hold “supervisory and guidance” talks with Alibaba’s gigantic financial services subsidiary Ant Group, reported, just weeks after its record-breaking IPO was halted at the last minute by Beijing.

The continued squeeze on one of China’s most influential companies is the latest sign that the Communist leadership is ready to deflate the ambitions of big tech firms in a runaway internet sector, which has made Ma one of China’s richest people with an estimated $58 billion fortune.

Investigators are probing Alibaba for “suspected monopolistic practices”, the State Administration for Market Regulation said in a statement.

The probe threatens to impede the growth of Alibaba, a tech

Read more