The bloom may be off Apple's iPhone, at least for now. So now the pressure is on the iconic Silicon Valley company to come up with its next big thing.
Apple shares sank in opening trade Wednesday, after the company warned that iPhone sales could fall for the first time in the coming quarter.
Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come.
Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world's most valuable company.
Health-conscious consumers snapping up everything from electric toothbrushes to kitchen appliances drove up 2015 profits at electronics giant Philips as it seeks to spin off its historic lighting business.
Apple could soon face one of its biggest challenges to date: Peak iPhone.
Technology giant Google is to pay £130 million (172 million euros, $185.4 million) in back taxes to Britain after an "open audit" of its accounts, the BBC reported Friday.
Renault-Nissan's CEO says the automaker did not cheat on its emissions technology in its cars, 15,000 of which it is recalling in Europe because they spew out excessive levels of harmful gases.
Leading Dutch manufacturer of computer chip making systems ASML Wednesday declared 2015 a "record" year for sales which rose to 6.3 billion euros ($6.9 billion), with net profits leaping by 15 percent.
Apple said Wednesday it has asked the Indian government for permission to open its first stores in the country, paving the way for its feted brands to join the fast-growing smartphone market.