Business news from Ukraine

Business news from Ukraine

Apple officially unveiled iPhone 17 with A19 chip and built-in artificial intelligence

Apple has unveiled the new generation of its flagship smartphone, the iPhone 17.

The key features of the new product are: a screen with a refresh rate of 120 Hz — providing a smoother image and a comfortable gaming experience,

a 6-core Apple Silicon A19 processor — a new generation chip focused on high performance and energy efficiency, an anti-glare display coating — allowing for more comfortable use of the device in bright sunlight, and built-in Apple Intelligence artificial intelligence — a system of personalized AI features integrated into the smartphone’s interface and applications.

Apple positions the iPhone 17 as a device that ushers in a new era in mobile technology, emphasizing intelligent features: adaptive recommendations, on-device data processing without sending it to the cloud, and support for generative capabilities.

Analysts note that the integration of Apple Intelligence could become a competitive advantage in the battle with Android smartphones, where AI features are already being actively used by the largest manufacturers.

 

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European Union postponed punishing Apple and Meta Platforms for now

The European Union recently postponed punishing Apple and Meta Platforms, temporarily avoiding a conflict with U.S. President Donald Trump’s administration while working on a trade deal with the United States, The Wall Street Journal reported.

“The two titans of digital advertising face unprecedented legal threats over tactics they used to achieve dominance,” the publication writes, specifying that antitrust measures are involved.

The European Commission initially planned to announce suspension orders against the tech giants, an informed source told the publication. Both companies could also be fined, the report said.

https://interfax.com.ua/

 

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India opens market for Ukrainian apples

India has opened its market to apples from Ukraine, the head of the State Service of Ukraine for Food Safety and Consumer Protection, Serhiy Tkachuk, said on Facebook.

“We have important news in the context of opening new foreign markets for the export of Ukrainian agricultural products. Recently, the first trial batch of Ukrainian apples arrived in the Republic of India. The Ministry of

Agriculture and Farmers’ Welfare of India has confirmed the successful completion of the inspection activities of this batch. The Indian side highly appreciated the quality of Ukrainian products and their compliance with the established requirements,” he wrote on Monday.

The head of the State Service of Ukraine for Food Safety and Consumer Protection noted that foreign partners positively assessed compliance with the criteria and requirements for the selection, pre-shipment storage, processing and transportation of Ukrainian agricultural products to India.

Tkachuk thanked the Indian side for the fruitful cooperation and expressed hope that it would continue.

The Head of the State Service of Ukraine for Food Safety and Consumer Protection assured that the agency, together with the Ministry of Foreign Affairs, will continue to work to expand opportunities for Ukrainian producers. “Support for the state’s economy and Ukrainian exporters is vital in the context of a full-scale war,” he summarized.

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Prices for apples falling in Ukraine

Ukraine has seen a decline in trading activity on the apple market, according to analysts of the EastFruit project. The current situation is explained by the fact that many producers have lost hope for another price increase in this segment and began to sell these fruits from storage. In this regard, the supply of apples on the market has increased significantly, and Ukrainian growers are forced to reduce prices for their products.

Currently, quality apples go on sale at 22-30 UAH/kg ($0.53-0.72/kg), which is on average 12% cheaper than at the end of the previous business week.

It is worth noting that despite the decline in selling prices, apples in Ukraine are currently on sale on average 48% more expensive than in the same period last year. At the same time, market operators do not rule out further price reductions in this segment, as the quality of apples in storage continues to deteriorate rapidly, and demand for these fruits remains rather low, given the high selling prices.

For more information on the development of the apple and other fruit and vegetable market in Ukraine, please subscribe to the operational analytical weeklyEastFruit Ukraine Weekly Pro. Detailed information about the product is available here.

Source: https://east-fruit.com/novosti/ukrainskie-sadovody-snizhayut-czeny-na-yabloki/

Apple may reach record iPhone sales in 2025

Sales of Apple Inc. smartphones will be high during the Christmas period and will reach a record high in fiscal year 2025, Wedbush analyst Dan Ives predicts.

Ives believes that hundreds of millions of people around the world will upgrade their iPhones to the latest model with built-in AI functions in the coming months. According to his estimates, almost 300 million iPhone owners have not updated their smartphones in the last four years or more.

According to the analyst’s forecast, sales of new iPhones in the current fiscal year, which will end in September, will reach a record 240 million units. The consensus forecast of experts surveyed by FactSet suggests that this figure will be 207.6 million iPhones, Market Watch writes.

“We believe that the success of iPhone 16 sales this holiday season will be the beginning of a revival in Apple’s growth over the next 12-18 months, given the current quarter,” Ives said in a note to clients.

The AI features of the new iPhones are not yet available in China and many other countries, but they may be launched in April, Ives said. At the same time, the company can name its new technology partner in China.

The expert estimates that almost 100 million iPhones in China may be updated this year.

Ives is confident that Apple will become the first company to exceed $4 trillion in capitalization, and he expects this to happen in early 2025. Currently, Apple’s market value is $3.86 trillion, up 32.6% since the beginning of this year. The company’s shares rose 0.1% in pre-market trading on Tuesday to $255.6.

Ives reiterated an “outperform” recommendation for Apple shares and a $300 price target.

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TAS invests in seed plant, elevator and construction of railcar building and apple processing plants

The founder of TAS Group of Companies (TAS), Sergey Tigipko, has announced new business areas for the group: the purchase of a seed plant and elevator with a storage capacity of 40 thousand tons, and the construction of apple processing plants and a railcar building plant.
“We are buying a seed plant and an elevator with 40 thousand tons of storage. We are building a railcar manufacturing plant in Kovel for the European railroad. We are building a plant for processing apples from scratch into apple concentrate,” said Tigipko at the 10th Kyiv International Economic Forum (KIEF).
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
“TAS Agro, a member of the group, cultivates 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agroholding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a one-time storage capacity of 250 thousand tons.

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