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stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
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stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)

stc Group has strengthened its leadership in enabling digital transformation in Saudi Arabia by supporting the first edition of the Esports World Cup, where it introduced innovative interactive concepts that added a distinctive character to the tournament, allowing visitors from all over the world to enjoy unprecedented experiences and explore the vast possibilities in the world of games and esports.

stc Group, through stc Play Gaming Hall, has provided many interactive experiences, including stc Play Zone, which includes an advanced virtual reality simulator, and stc Play Streaming Zone, which provides the latest high-definition live streaming devices to enrich the visitors' experience.

It also provided stc TV Zone, a photography pavilion where visitors can document the most beautiful moments in a suspenseful atmosphere.

For those wishing to purchase the latest versions of gaming consoles and accessories, the group has provided an integrated store that contains all their needs through the stc Play Shop.

The various experiences provided by stc Play Gaming Hall also included stc Play Studio, which showcases electronic games developed by Manga Productions of Misk Foundation, and stc Qitaf Zone, which allows gamers to interact with games via virtual reality technology.

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia, in line with the objectives of Saudi Vision 2030, which is to establish the Kingdom as a leading global destination for electronic games.

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Apple Shares Fall as Tariff Costs to Add More Agony

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
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Apple Shares Fall as Tariff Costs to Add More Agony

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, US, August 1, 2018. REUTERS/Lucas Jackson/File Photo

Apple shares fell nearly 3% on Friday after the iPhone maker trimmed its share buyback program and CEO Tim Cook warned of additional tariff-related costs of about $900 million this quarter amid a raging Sino-US trade war.
The Cupertino, California-based company that makes over 90% of its products in China said it plans to shift production of iPhones to India to minimize the impact of President Donald Trump's trade war.
"It looks like Apple is progressing faster than expected with its move to shift production of US phones into the region (India)," said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
Analysts at Wedbush echoed this view, referring to India as Apple's "life raft supply chain" as the company navigates through tariff turbulence.
Cook outlined how Apple has started to build up a stockpile of products so that the majority of its devices sold in the US this quarter will not come from China.
“Tim Cook did his best to reassure investors on last night’s earnings call, but many likely came away still wanting more clarity about what lies beyond June," Matt said, adding that the $900 million hit to profit turned out to be smaller than many had feared.
Apple, which has been grappling with increased competition in key market China from rivals like Huawei due to slower rollouts of AI features, was already in troubled waters before the tariffs hit.
"The question for investors is what can replace China for Apple? This is not an easy question to answer and could threaten the long-term trajectory of Apple’s growth plan," said Kathleen Brooks, research director at XTB.
Despite electronics being exempted from US.President Donald Trump's slew of import tariffs so far, Washington has signaled that some levies could be imposed in the coming weeks.
Big Tech peers Alphabet, Microsoft and Meta Platforms beat quarterly estimates aided by artificial intelligence, while Amazon.com's cloud revenue growth fell short of revenue expectations.
These results were in stark contrast to dour forecasts from consumer electronics companies that are more exposed to tightening consumer budgets - chipmakers Qualcomm, Samsung Electronics, and Intel.
Apple shares lost about 15% so far this year. That compares with a 2.3% fall in Meta, and a nearly 1% rise in Microsoft.
Apple's 12-month forward price-to-earnings ratio is 27.63, compared with Microsoft's 28.64 and Meta's 21.48.