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Apple Cuts Prices Of iPhones In China

PYMNTS

Apple blamed its fourth-quarter revenue shortfall on its China business, with CEO Tim Cook saying at the time the shortfall was 100 percent due to iPhone sales, largely in China. Demand has been slumping in China for Apple products in part because of the hefty price tag. That encompasses everything for iTunes to Apple Pay.

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Amid CVC/Blackstone Paysafe Bid, Paysafe Makes Its Own Acquisitive Moves

PYMNTS

The price tags attached to the deals were reported as $3.7 The due diligence, the Paysafe said, came after several offers, ultimately arriving at the 590 pence per share bid. The $470 million price tag will be funded by $90 million in cash and a $380 million loan. billion and $470 million, respectively.

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How Secondhand Marketplace thredUP Is Using AI To Personalize Shopping

PYMNTS

Today’s shoppers can find eCommerce niches for just about anything for which they are hunting, whether they are searching for the lowest price tags or products with ecofriendly missions. This would use AI to properly tag and codify items while also relying on customers’ mobile cameras for more engaging experiences. “I

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How SMBs’ Manual Processes Cost Economies Billions In Lost Growth

PYMNTS

But a new report from cloud accounting firm Sage has put a price tag on this burden: a whopping $600 billion for firms across the globe. billion in missed gross value each year due to 6.5 billion due to 5.6 Manual processes are expensive for small businesses, in both time and money. Canada, U.K. Canada, U.K. Brazil sees $79.5

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Securing the remote workforce: a CFO perspective

Future CFO

Sim Being Hai: With many still working from home due to the pandemic, employees have gotten used to performing many administrative tasks electronically via email and online messages, and cybercriminals are taking advantage of this because they have more opportunities to impersonate anyone.

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Costco’s First China Store Signals Broader Retail Trend Into Foreign Markets

PYMNTS

Apple consensus estimates may decrease due to the possibility of weaker demand from China, said Jim Suva, a director and senior analyst at Citi, according to reports. Demand has been slumping in China for Apple products, in part because of the hefty price tag. The challenge can be especially acute when it comes to payments.

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Costco’s New China Retail Move Highlights Broader Trends

PYMNTS

Apple consensus estimates may decrease due to the possibility of weaker demand from China, said Jim Suva, a director and senior analyst at Citi, according to reports. Demand has been slumping in China for Apple products in part because of the hefty price tag. The challenge can be especially acute when it comes to payments.

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