Reuters - Technology Report

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Wednesday, May 3, 2017

Apple posts surprise dip in iPhone sales, shares fall

(Reuters) - Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

Uber in U.S. court reckoning on possible shutdown of self-driving program

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber's growth strategy.

Italy tax chief says close to deal with Google over tax dispute: paper

MILAN (Reuters) - Italy and Alphabet Inc's Google are close to reaching a deal to settle a tax dispute, the head of the Italian tax authority Rossella Orlandi told Italian newspaper La Repubblica.

Weak iPhone sales hit shares of Europe's Apple suppliers

LONDON (Reuters) - Shares of European suppliers of microchips, sensors and circuitry to Apple fell on Wednesday after the smartphone company's much-awaited iPhone sales missed expectations in the second quarter.

Peugeot gears up with nuTonomy for self-driving car test

FRANKFURT (Reuters) - French carmaker Peugeot is partnering with Boston, Massachusetts-based tech firm nuTonomy to test self-driving cars in Singapore.

Google success in U.S. schools forces Microsoft, Apple to scramble

SAN FRANCISCO (Reuters) - Microsoft Corp's announcement of a suite of new education products on Tuesday shows the company's determination to reverse a major shift that has taken place in U.S. classrooms in recent years: for most educators and school districts, Google's Chromebook is now the computer of choice.

NSA collected Americans' phone records despite law change: report

WASHINGTON (Reuters) - The U.S. National Security Agency collected more than 151 million records of Americans' phone calls last year, even after Congress limited its ability to collect bulk phone records, according to an annual report issued on Tuesday by the top U.S. intelligence officer.

Wall St. eyes Apple and Facebook to fuel new leg of tech rally

SAN FRANCISCO (Reuters) - Apple and Facebook may expand their already outsized share of U.S. technology revenue when they report their earnings this week, as investors look for evidence to justify this year's U.S. stock market rally.

Microsoft unveils Windows 10 S for its Surface laptops

(Reuters) - Microsoft Corp on Tuesday unveiled Windows 10 S, a streamlined version of its popular operating system, geared toward low-cost laptops for students, as it tries to take share from Google's Chrome OS-run computers.

Despite record highs, fund managers globally remain underweight Apple

NEW YORK (Reuters) - Active stock fund managers around the world are holding the lowest percentage of Apple Inc shares in their portfolios when compared to the iPhone maker's overall weighting in indexes, even as the shares hit record highs, according to a research note by investment bank UBS late Monday.