Apple Banks on Physical Stores as Economies Reopen

Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo
Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo
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Apple Banks on Physical Stores as Economies Reopen

Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo
Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo

Apple Inc is expanding retail operations as the United States emerges from the pandemic, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever, its retail chief told Reuters.

Apple is doing this as the retail industry works out what the post-pandemic future will look like, including consumers who have become used to ordering almost everything online.

For Apple, the answer is keeping what helped it through the pandemic, and doubling down on its pre-pandemic strategy of in-store events and experiences beyond shopping.

The express counters that popped up to help customers more efficiently pick up online orders, for example, will become regular features of Apple's 500-plus stores around the world, all of which have reopened as of June 14.

The iPhone maker is also adding a new "Creative Studios" program, starting in Los Angeles and Beijing, that aims to teach young people from underrepresented communities to use Apple products to create music, films and photography. That adds to a broader array of classes based out of the stores designed to bring in customers in contact with Apple more frequently.

"We're looking at this moment right now as a way to really begin again, and begin again in every way," Deirdre O'Brien,

Apple's senior vice president of retail and people, told Reuters as the company prepared on Thursday to open a new store at the renovated Tower Theater in downtown Los Angeles, Apple's second new US retail outlet since the beginning of the pandemic.

Apple boomed during the pandemic, hitting $2 trillion in market capitalization in August 2020 and setting records for sales of iPhones and several other categories.

One of the retail-related weak spots in its financial results, analysts said, was a slowdown in sales of AppleCare, a device insurance plan that is often an upsell during a store visit but easier for consumers to skip online. Apple also experienced supply chain missteps over the past year, delivering its iPhone 12 later than usual last year and saying in April that the global semiconductor shortage would cost it several billion dollars in sales.



Ericsson Lags Profit Expectations as AI Demand Drives Up Chip Costs

FILE PHOTO: A woman walks across the logo of Ericsson at the ongoing India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. REUTERS/Anushree Fadnavis/File Photo
FILE PHOTO: A woman walks across the logo of Ericsson at the ongoing India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. REUTERS/Anushree Fadnavis/File Photo
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Ericsson Lags Profit Expectations as AI Demand Drives Up Chip Costs

FILE PHOTO: A woman walks across the logo of Ericsson at the ongoing India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. REUTERS/Anushree Fadnavis/File Photo
FILE PHOTO: A woman walks across the logo of Ericsson at the ongoing India Mobile Congress 2025 at Yashobhoomi, a convention and expo center in New Delhi, India, October 8, 2025. REUTERS/Anushree Fadnavis/File Photo

Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.

The network equipment maker is facing rising input costs partially due to high demand for AI technology that is driving up prices of semiconductors, CEO Börje Ekholm said in a statement.

"We are working ⁠together with our ⁠suppliers to mitigate this. But also, we will need to work with our customers to share the burden on this," finance chief Lars Sandström added in an interview with Reuters.

The company reported an adjusted operating profit of 5.2 billion Swedish ⁠crowns ($566 million), excluding restructuring charges, for the first quarter of 2026. Analysts polled by Infront were expecting 5.4 billion crowns on average.

Ericsson, one of the main Western suppliers of network equipment alongside Finland's Nokia, is betting heavily on the US market even as transatlantic ties have become strained under President Donald Trump's rule.

The Swedish group has significant exposure to the United States, especially after winning a $14 ⁠billion ⁠deal with operator AT&T in 2023, which could help outweigh slower telecoms investments in other markets.

Sandström said sales in North America fell by a mid-single-digit percentage in the quarter, compared to a strong year-ago period that was boosted by tariff-related demand. Underlying market conditions in the region remain solid, he added.

The group reported quarterly net sales of 49.3 billion crowns, compared with an Infront poll estimate of 50.7 billion crowns.


EU: Google Should Allow Third-party Search Engines Access to Data

FILE PHOTO: Google's logo during the CERAWeek energy conference 2026 in Houston, Texas, US, March 24, 2026. REUTERS/Danielle Villasana/File Photo
FILE PHOTO: Google's logo during the CERAWeek energy conference 2026 in Houston, Texas, US, March 24, 2026. REUTERS/Danielle Villasana/File Photo
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EU: Google Should Allow Third-party Search Engines Access to Data

FILE PHOTO: Google's logo during the CERAWeek energy conference 2026 in Houston, Texas, US, March 24, 2026. REUTERS/Danielle Villasana/File Photo
FILE PHOTO: Google's logo during the CERAWeek energy conference 2026 in Houston, Texas, US, March 24, 2026. REUTERS/Danielle Villasana/File Photo

The European Commission has sent preliminary findings to Google on proposed measures to comply with the EU's Digital Markets Act, which would allow third-party search engines to access Google search data, including ⁠that of artificial ⁠intelligence chatbots with search functionalities, the commission said on Thursday.

Interested parties have until May ⁠1 to submit their views on the proposed measures, with a final decision to be made in July.

Google, the world's most popular search engine, was charged in March 2025 with ⁠breaching ⁠the Digital Markets Act. It has made its own proposals to mollify rivals and EU regulators, but rivals have complained the measures were insufficient.


Samsung Asks Court to Block Illegal Strike Activities by Unions

A South Korean national flag (L) and a Samsung flag (R) flutter outside the company's Seocho building in Seoul on April 7, 2026. (Photo by Jung Yeon-je / AFP)
A South Korean national flag (L) and a Samsung flag (R) flutter outside the company's Seocho building in Seoul on April 7, 2026. (Photo by Jung Yeon-je / AFP)
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Samsung Asks Court to Block Illegal Strike Activities by Unions

A South Korean national flag (L) and a Samsung flag (R) flutter outside the company's Seocho building in Seoul on April 7, 2026. (Photo by Jung Yeon-je / AFP)
A South Korean national flag (L) and a Samsung flag (R) flutter outside the company's Seocho building in Seoul on April 7, 2026. (Photo by Jung Yeon-je / AFP)

Samsung Electronics asked a court on Thursday to block its South Korean labour unions engaging in illegal activities during a planned strike, a spokesperson said, as a wage dispute threatens to disrupt operations at the world's top memory chipmaker.

Samsung did not elaborate on details of its legal action. Unions labelled it a "declaration of war," accusing the company of infringing on its right to strike, which ⁠is protected under the ⁠law.

Unionized workers at Samsung last month voted to authorize strike plans and threatened to walk out for 18 days from May 21, should they fail to agree on a wage deal with management.

The unions also plan to ⁠hold a major rally on April 23, ramping up pressure on Samsung during wage negotiations.

Samsung workers, frustrated by a pay gap with crosstown rival SK Hynix, are calling on Samsung to remove its performance pay cap and link bonuses to operating profit.

The company estimated it made an operating profit of 57.2 trillion won ($38.85 billion) for the January to March period, more than an eightfold ⁠jump ⁠from 6.69 trillion won a year earlier.

Samsung's union leader told Reuters that a potential strike could affect about half the output at Samsung's giant semiconductor complex in Pyeongtaek, south of Seoul, the capital.

A strike at the world's largest manufacturer of memory chips could worsen bottlenecks in global supply of semiconductors, stemming from robust demand for artificial intelligence data center operations that has curbed supply to industries from cars and computers to smartphones.