Make no mistake: Apple will end up eating the higher costs that supplier Foxconn will incur to end excessive overtime and improve working conditions at its plants. But, as we suggested earlier this year, it will be Apple’s rivals that will end up suffering most. Read more >>
Tech news from around the web:
China has overtaken the US as the world’s biggest smartphone market by volume in the third quarter, Reuters reports. According to research company Strategy Analytics, smartphone shipments grew 58% to reach 23.9m units in China during the quarter, while US shipments fell 7% from the second quarter to reach 23.3m devices. Read more >>
The two-day London Cyber Conference wrapped up Thursday with a remarkable lack of unity for such a carefully staged, invite-only event for world political and technology leaders. Read more >>
Ebay chief executive John Donahoe said the Chinese government won’t let foreign-owned internet companies win in that country, but added PayPal will nonetheless bend to fit new rules and stay in the market. Read more >>
Act one of Google’s spat with the Chinese authorities over censorship and government-backed hacking closed last year with Google partially retreating from the world’s most populous nation.
There was, however, still the unresolved issue of Google Maps, and act two of Google versus China may now be beginning with Google having submitted an application to Beijing to allow the service to remain in China. Read more >>
Alibaba Group chief executive Jack Ma said on Wednesday that he expected his fight with the company’s largest shareholders, Yahoo and Softbank, would end with an amicable resolution despite what he said were complex “peace talks.” Read more >>