Morning Beat: Twitter Inc (NYSE:TWTR) and Apple Inc. (NASDAQ:AAPL)
Twitter Inc (NYSE:TWTR) CEO, Jack Dorsey, has confirmed the exit of four top executives as part of an ongoing leadership shakeup at the top. Some of the executives are voluntarily stepping down include engineering Chief Alex Roetter, product head Kevin Will and media Head Katie Stanton.
The departures mark the biggest leadership changes since Dorsey made a return to a company he helped found, late last year. Twitter Inc (NYSE:TWTR) has already lay off 8% of its workforce in the recent months as it continues to look for new ways to trigger growth.
There are already reports that Dorsey is planning to bring a ‘well-known media personality’ as he tries to turn around the fortunes of the embattled social network.
Apple Inc. (NASDAQ:AAPL) is closing in on the opening of its 33rdApple store in China. The MixC shopping mall will play host to the new retail outlet in the city of Qingdao. Just like other stores, the Qingdao outlet will come with a Genius Bar, a workshop area as well as showroom area for testing gadgets.
The store should be up and running after its grand opening on the 31stof January as Apple Inc. (NASDAQ:AAPL) reiterates intentions to have a total 40 stores in the greater China by mid-2016. The opening will come just two weeks after the opening of new Apple stores in Nanjing and Guangzhou.
The opening of new stores is in line with CEO, Tim Cook’s expectations that China will one day overtake the US and the UK to become its largest marketplace.
Daimler’s chief executive, Dieter Zetsche, has aired his concern over Apple Inc. (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOGL)‘s endeavors with self-driving cars. Unlike US automakers, European car makers have maintained a cautious approach when it comes to developing self-driving cars.
In a visit to Silicon Valley, Zetsche reiterated that they have a long way to go as they start to play catch up on the self-driving technology. Zetsche believes Apple and Alphabet Inc (NASDAQ:GOOGL) could, in the long run, be formidable rivals in the car business if not partners. His sentiments, on the other hand, should continue to fuel speculation that Apple Inc. (NASDAQ:AAPL) is indeed working on driverless cars having gone to great lengths to quash the sentiments.
Apple Inc. (NASDAQ:AAPL) is reportedly working on a smaller version of the current iPhone 6S phones as it looks to spur upgrades from users who pay a great deal of attention to size. According to initial reports, the new iPhone will go by the name iPhone 5se featuring a similar case to that one of iPhone 5S. It will pack specs and features similar to those in IPhone 6 and iPhone 6S.
The new iPhone will defer from iPhone 5S by having rounded edges just like iPhone 6. It will also include an upgraded camera and chip to support added functions such as Apple Pay.
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