Here are today’s Top 5 News & Events from Around the World. Take a look!
Apple’s Big Plans for India, Will Start Domestic Productions
Apple has not been able to capture the Indian market like it did in the rest of the world. One of the major concerns in the minds of Indian consumers was the high price of Apple products. The import duties were eating into the profits of the company. Finally, Foxconn the firm that builds Apple products in Asia is going to set a local unit in India soon. With $300 million investment from Foxconn, the prices of iPhones will drastically come down once the production of phones starts in India. The price conscious Indian market might again lean towards the iPhone mania. Today, Apple pays 20% import duties, once it establishes its manufacturing unit in India it will save on those customs duties and will also start opening its own stores in the country. Link.
California Privacy Law Might Exempt Google, Facebook
Walmarts Future Stores will Have More Robots, Human Jobs at Risk?
Walmart has shown a glimpse of its future stores and the future is robotic. The retail giant will add about 3,900 robots that will take over the floor and service the customers. Addition of robots will not impact the existing jobs as the project is spread across 4700 stores. Link.
Sony Comes Out With PlayStation 5 Details
Sony has revealed the details of the next in line console. The PlayStation 5 will come with SSD storage and an inbuilt graphics card specifically meant for ray-spacing support. The ray-spacing technique is an advanced lighting feature for games that are only available for some high-end gaming PCs. PlayStation 5 will also offer superior immersive-3D audio experience. Link.
Qualcomm and Apple Truce Over Patent Royalty Dispute