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News for week of 3rd September, 2023

  • Apple's slowdown in iPhone sales in China: Apple is facing a number of challenges in China, including the ongoing COVID-19 lockdown in Shanghai and the government's crackdown on the tech sector. The lockdown has disrupted supply chains and made it difficult for Apple to sell its products in China. The government's crackdown on the tech sector has also made it more difficult for Apple to operate in China. As a result, Apple's iPhone sales in China fell by 14% in the second quarter of 2023.

(“Apple Iphones News China - Google Search”)

  • Meta's cutting costs and slowing hiring: Meta is facing a slowdown in its revenue growth, due in part to the ongoing decline in users of its flagship social media platform, Facebook. The company is also facing increased competition from other tech giants, such as TikTok and Snapchat. In response, Meta is cutting costs and slowing hiring. The company is also reportedly looking to sell some of its assets, such as its virtual reality division.

  • Netflix's losing subscribers: Netflix is losing subscribers due to a number of factors, including increased competition from other streaming services, such as Disney+ and HBO Max, and the ongoing war in Ukraine. The war has led to a decrease in consumer spending in Europe, one of Netflix's biggest markets. Netflix is also facing challenges in retaining subscribers, as viewers are increasingly canceling their subscriptions after watching a few shows.

  • Tesla's facing production challenges: Tesla is facing production challenges due to a shortage of chips and other parts. The company is also facing increased competition from other electric car makers, such as Volkswagen and Ford. Tesla has been able to offset some of these challenges by raising prices, but it is unclear how long this will be sustainable.

  • Amazon's investing in new businesses: Amazon is investing in new businesses, such as healthcare and cloud computing. The company is also looking to expand into new markets, such as India. Amazon is investing in these new businesses in order to diversify its revenue streams and reduce its reliance on its core e-commerce business.

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