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Amazon, Department of Justice ask consumers to report coronavirus price gouging

Amazon has seen a “significant increase in demand,” especially for medical and cleaning supplies. It has also seen third-party retailers raising prices on things like masks, hand sanitizer and disinfectant sprays. Now, Amazon is asking consumers to cooperate with a Department of Justice (DOJ) probe into coronavirus price gouging. According to Reuters, Amazon sent an […]

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Facebook pledges $100 million to small businesses impacted by coronavirus

Facebook announced a $100 million program to help small businesses as governments throughout the country urge gyms and restaurants to close their doors to slow the coronavirus pandemic. In a blog post announcing the grants, Facebook said, “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard […]

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Smartphone sales fell nearly 55 percent in China last month due to coronavirus

Smartphone sales in China during the month of February were down nearly 55 percent year-over-year according to data from the China Academy of Information and Communications Technology (CAICT). Whether or not the situation improved in the near-term will depend on how consumers and the supply chain cope with the ongoing outbreak. In total, just 6.34 […]

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Apple warns revenue will be lower than expected because of coronavirus impact

Apple has warned that disruption in China from the coronavirus will mean revenues falling short of forecasts. The tech giant said production and sales were affected, and that “worldwide iPhone supply would be temporarily constrained”. Apple, which had forecast record revenues of up to $67bn in the current quarter, did not reveal the likely hit. […]