Apple Inc. (NASDAQ: AAPL) has reinstated one of Russia's most popular social networking apps on the App Store, a month after removing it due to U.K. sanctions.
The smartphone market is going through a downturn amid economic setbacks and channel inventory correction. Most analysts expect the downturn to linger for a while and this view was echoed by a corporate executive.
Hong Kong stocks opened in the red on Thursday, with the benchmark Hang Seng losing 2% to hit a 13-year low, as investors and traders continued to worry about China’s delayed economic indicators and a rise in COVID-19 cases.
Adobe Inc (NASDAQ: ADBE) shares traded higher by 3.1% on Wednesday after the company reiterated its fourth-quarter guidance at its Adobe Max analyst day event.