Samsung’s TM Roh shares XR plans at the 2023 Galaxy Unpacked event. Samsung Samsung has confirmed it still has plans to release an XR device that will be available sometime next year. The company shared tidbits of information about the XR eXtended reality project in its third-quarter 2024 earnings report, updating guidance that previously suggested … Read more
True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival — the latest hardware company to succumb to a weak housing market, the company said. The Chicago-based company said it would continue day-to-day operations at its 4,500 independently-owned retailers throughout the Chapter 11 process. Hardware … Read more
National security concerns are instigating an expected announcement Monday by the Biden administration of a plan to ban Chinese software and hardware from self-driving and “connected” vehicles in the U.S. The proposal, which would take effect as early as the 2027 model year, is set to be announced by the Commerce Department, Reuters reported Saturday … Read more
Apple’s ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up Siri to creating customized emojis on the fly. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” CEO … Read more
LL Flooring, the once formidable flooring hardware competitor of Home Depot, previously known as Lumber Liquidators, is closing all its stores only weeks after filing for bankruptcy. The 30-year-old hardware store, which once operated over 400 stores in the US, said it decided to liquidate after several negotiations didn’t yield the “best offer for the … Read more
A team of McMaster University students in Hamilton will soon head to Iceland, where they’ll camp out by a series of underground lava tubes they plan to map with a drone. The drone uses hardware and software designed by the undergraduate students, who hope their tech will one day be used in space exploration to specially map underground areas in … Read more
Shares of the US consumer electronics retailer Best Buy have showcased upward momentum, returning 8.54% in the last five days, despite the company recently posting a drop in quarterly sales. Best Buy’s sales revenue for the quarter ended May 4 declined by 6.1% to $8.84 billion from $9.46 billion. However, the company managed to preserve … Read more
McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per cent from more than 40,000 McDonald’s locations in operation today. The company says its anticipated expansion would represent the … Read more
