Apple Stock Hits New High After Five Months
On May 7, Apple’s stock price rose 0.7% to a record high of $290.33 per share, with a market capitalization of $4.25 trillion.
According to reports, Apple has asked its suppliers to increase production of the 2026 MacBook Neo to 10 million units, up from the initial target of 5-6 million units, to alleviate the current supply shortage. The company is willing to pay a premium to TSMC to secure the supply of A18 Pro chips.
Zhihu Releases Anti-Fraud Report: 23 Employees Fired
On May 7, Zhihu’s internal control and audit department released an anti-fraud report. The report showed that from January to April 2026, the company conducted a special investigation into 23 cases of fraud and fired 23 employees who were found to have engaged in fraudulent activities. Three employees were referred to the authorities for suspected criminal offenses.
Global Smartphone Revenue Reaches $117 Billion in Q1, Apple Leads with 48% Market Share
According to a report by Counterpoint Research, global smartphone revenue reached $117 billion in Q1, up 8% year-over-year. Apple led the market with a 48% share, driven by the strong sales of the iPhone 17 and iPhone 17 Pro Max.
The report noted that Apple maintained stable pricing despite rising material costs, with an average selling price increase of 11% year-over-year.
TikTok Gets Approval for $25 Billion Data Center Expansion in Thailand
On May 6, the Thai Board of Investment (BOI) approved six major projects worth $29 billion, including TikTok’s $25 billion data center expansion plan.
The project will deploy more servers and expand data storage and processing infrastructure in Bangkok, Ayutthaya, and Pathum Thani to support growing digital services demand and strengthen Thailand’s position in regional digital infrastructure.
In addition to core infrastructure investment, TikTok will develop digital literacy and e-commerce courses to help Thai entrepreneurs create new business opportunities and enhance the country’s digital talent pool.
Neuralink Develops Robot for Brain Surgery
On May 6, Neuralink, a brain-machine interface company founded by Elon Musk, announced that it is developing a robot that can reach any part of the brain. The goal is to develop a universal neural interface to help solve all brain-related diseases. The device is currently in the research phase and has not received FDA approval.
Utree Opens Humanoid Robot Task Action App Store
On May 7, Utree Technology announced the official launch of its UniStore platform, the world’s first humanoid robot task action app store.
Storage Price Hike Expected to Continue, Goertek Responds to Impact
On May 7, Goertek, a leading supplier of smart acoustic and intelligent hardware, responded to the impact of the storage price hike. The company stated that its main business is less directly affected by the price hike, but the increase in storage prices may affect the overall smartphone market and indirectly impact the company’s sales.
GameStop CEO’s eBay Account Permanently Suspended
On May 7, GameStop CEO Ryan Cohen announced that his eBay account had been permanently suspended due to behavior that may pose a risk to the eBay community.
According to reports, Cohen is raising funds for his proposed $56 billion acquisition of eBay by selling items on the platform, including a pair of socks that sold for $7,500.
