Trump teams up with Tim Cook for $100 bn push; Apple's total US bet hits $600 bn
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United News of India
5 minutes ago
- United News of India
Trump takes jab at Biden, says his administration prevented Russia-Ukraine war from becoming a WWIII
Washington, Aug 9 (UNI) Taking a jab at his predecessor Joe Biden, US President Donald Trump said that the Russia-Ukraine war could have escalated into a third world war, were it for his administration. He further argued that global tensions peaked when relations between Moscow and Washington hit their lowest point during the Biden administration, reports RT. Since his return to office, Trump has resumed diplomatic ties with Moscow which had been virtually suspended in 2022 during the Biden administration, and has indeed made calls with both Putin and Zelensky to come to a settlement. However, while he shares good ties with the Russian President, his efforts have not yielded much success while his policies have been a lot more anti-Kremlin, weaponising trade in an attempt to get Moscow to stop its attack on Kyiv, targeting both Moscow as well as Russia affiliated nations. Speaking to journalists at the White House on Friday, Trump claimed that, if not for his administration's actions, the Ukraine conflict 'would have ended up being a world war." 'We've brought it down a long way, but when I first came in, I thought, 'Wow, this thing is really bad,'' Trump added. 'Now the only question is: when is it going to be settled? And it could be very soon,' he said. The president again termed the ongoing war 'Biden's war' and criticised what he described as the previous administration's vast military support for Kyiv. 'Through Biden and his people, we're probably in for $350 billion,' he said. Trump has claimed that he aims to recover this sum through a rare earth minerals deal with Ukraine, which he states could refill the US coffers. However, many analysts have called the move a folly, as majority of the minerals lie in areas such as Donetsk and Luhansk – both of which have become a part of Russia. While Washington has echoed Moscow's position on the conflict – terming it as a proxy war against Russia – the Trump administration has continued with its weapons exports to Ukraine, supplying the country with both Patriot missile batteries, as well as Multiple Launch Rocket Systems, artillery systems, and anti-tank munitions. Kremlin officials have stated that securing a peaceful resolution will be the central focus of the bilateral meeting between Trump and Putin. UNI XC ANV GNK
New Indian Express
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Global smartphone revenues cross $100 bn in second quarter of this yr
NEW DELHI: Global smartphone revenues grew by 10% year-on-year (YoY) in Q2 2025, crossing the $100-billion mark for the first time ever in a second calendar quarter, according to the latest report by Counterpoint Research. In contrast, global smartphone shipments increased by just 3% YoY during the same period. The global average selling price (ASP) also reached a new second-quarter high, rising 7% YoY to nearly $350. 'Apple strengthened its lead in revenues driven by strong performance of the 16 series across geographies, benefitting from the broader premiumization trend. Shipments in the US were front-loaded in the quarter due to tariff uncertainties. Meanwhile, the iPhone 16e drove sales in Japan, making it one of the fastest growing regions for Apple. Emerging markets like Middle East Africa, and India continue to show strong growth,' Jeff Fieldhack, research director at Counterpoint. Revenue share: Apple dominates Apple remained the top revenue-generating brand, capturing over 40% of global smartphone revenue in every quarter and hitting 43% in Q2 2025. Samsung held the second position, with a revenue share of 15%–19%. Brands like Xiaomi, Oppo, and Vivo held smaller shares, reflecting their focus on budget and mid-range devices. This highlights how Apple's premium strategy allows it to earn a much larger portion of industry revenue despite selling fewer units than Samsung. ASP trends: Consumers spending more Apple continued to have the highest ASP, increasing from $858 to $879 during the quarter. Samsung's ASP stayed above $300, supported by a mix of premium and mid-range models. In contrast, Xiaomi, Oppo, and Vivo had much lower ASPs, ranging between $152 and $274. The overall global ASP reached $347, showing that consumers globally are spending more on smartphones. Shipment share: Samsung ships more, Apple earns more Samsung led in terms of units shipped, with a market share between 17% and 20%. Apple followed with a 15% to 16% shipment share. Xiaomi, Oppo, and Vivo made up the rest of the market. Oppo saw the fastest shipment growth, while the others remained relatively stable. This contrast between unit sales and revenue share underlines the strength of Apple's high-margin business model—Samsung sells the most phones, but Apple makes more money.
