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Microsoft’s market value overtakes Apple’s to close out week

SAN FRANCISCO: Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalization at $851.2 billion. Apple shares fell 0.5 percent to $178.58 on the day, adding up to a market value of $847.4 billion. The two stocks jostled for the top spot over the course of the…

London murder rate overtakes New York as knife crime rises

LONDON: London police investigated more murders than their New York counterparts did over the last two months, statistics show, as the British capital’s mayor vowed to fight a “violent scourge” on the streets. There were 15 murders in London in February against 14 in New York, according to London’s Metropolitan Police Service and the New York Police Department. For March, 22 murders were investigated in London, with 21 reports in New York. In the latest bloodshed, a 17-year-old girl died on Monday after she was found…

Apple overtakes Samsung in shrinking smartphone market: survey

WASHINGTON: Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, a research firm said Friday. A survey by research firm IDC showed Apple — which reported its quarterly data Thursday — led all vendors with 77.3 million iPhones sold, giving it a 19.2 percent market share. Even though Apple’s unit sales were down 1.3 percent from a year earlier, it was able to move ahead of South Korea’s Samsung, whose 74.1 million devices sold gave it a market share of…

Samsung overtakes Intel as world’s biggest chip maker: Study

PARIS: South Korea's Samsung has overtaken US rival Intel as the world's biggest maker of semi-conductors as sales in the sector boom, a study published by consultancy Gartner showed on Thursday. Samsung Electronics "gained the most market share and took the number one position from Intel -— the first time Intel has been toppled since 1992," said Gartner analyst, Andrew Norwood. The total global market for semi-conductors grew by 22 percent to $419.7 billion (348 billion euros) in 2017, fuelled by growth in smartphones…