SILICON VALLEY: Apple on Monday (Tuesday in Manila) sent out invitations to yet another online event, this one expected to star new Mac computers powered by chips of the tech giant’s own design.
Word of the November 10 event to be streamed from Apple’s headquarters in Silicon Valley disclosed little more than that it would begin at 10 am Pacific time.
It will be the third product unveiling in as many months, with analysts expecting the spotlight to be on new Mac computer models featuring speedy processors created by Apple.
Personal computer sales have soared during the pandemic as people rely on them to work, learn, play, and socialize from home.
Revenue from Mac computers sales hit a record high of $9 billion in the recently ended quarter, compared to $7 billion in the same period a year earlier, according to the company.
Apple launched iPhones synched to superfast 5G networks and new smart watch models previous streamed events as it updated its line-up of offerings for the holiday shopping season.
NEW YORK: US manufacturing grew beyond expectations in October, as orders rose and employment began expanding again, according to an industry survey released Monday (Tuesday in Manila).
At 59.3 percent, the Institute for Supply Management’s (ISM) manufacturing index was the highest in more than two years. The index also marked the sixth consecutive month of growth after plunging following the business shutdowns in March of to stop the coronavirus.
While new orders led the growth with a 7.7 point increase to 67.9 percent, employment crossed the 50-percent threshold indicating expansion for the first time since July 2019 with a reading of 53.2 percent.
Inventories also passed the key figure, climbing 4.8 points to 51.9 percent, ISM said. But customers’ inventories contracted slightly to 36.7 percent, its lowest level in more than a decade which is “considered a positive for future production,” the survey’s chair Timothy R. Fiore said.
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