Apple to invest $1 billion in SoftBank tech fund

Qualcomm to Invest in SoftBank's New Technology Fund

"Apple is planning to invest $1 billion in SoftBank's Vision Fund".

The sum is a pittance to Apple.

Apple to Invest in SoftBank's Vision Fund. Image: Business Insider.

Tottenham beats Chelsea 2-0 to end 13-match EPL winning run
Antonio Conte's men have not been defeated, since they were crushed 3-0 by another North London side, Arsenal, in September 2016. The Blues remain top of the league with 49 points, five clear of Liverpool, while Spurs have risen to third place with 42 points.

Softbank first announced plans in October to launch a $100 billion fund dedicated to "investments in the technology sector globally".

Elaborating on the rationale of investment in the tech fund, Apple spokesman said that it would help in the development of technologies which in the long run will be useful for Apple. Saudi Arabia's government fund has agreed to invest up to $45 billion.

CEO Masayoshi Son and Donald Trump announced a $50 billion investment in US companies to propel growth and bring unemployment rates down.

Dallas Cowboys QB Tony Romo expected to play some
Dallas (13-3) used all three of its quarterbacks and rested the lion's share of its roster with the playoffs in mind. The Los Angeles Angels star outfielder recently met Wentz through Ertz and the two went hunting before Christmas.

The Vision Fund goes beyond the usual expectations of it serving as a money pool for the hottest tech startups around the world, as it intends to invest on initiatives that actually move humanity forward.

"We believe their new fund will speed the development of technologies which may be strategically important to Apple", Kristin Huguet, Apple spokeswoman, told the Journal. A few large global investors were also expected to participate in the fund. So according to this, the deal is not only beneficial to the Japan's company but also would benefit Apple as well.

However, Softbank billionaire founder Masayoshi Son said that such funding will come from a different fund than the one that Apple has invested in. SoftBank had stated that this was the kind of investments the fund was aiming to make. The biggest question here would be will this actually benefit these big companies and what benefit can they get from this huge investment.

Foxconn Planning to Move Towards 100% Robotic Manufacturing for Smartphones
The iPhone 8 is believed to offer a flexible OLED display with a bezel-free design and an all-glass casing. In the report , Nikkei cites "sluggish" global sales for the iPhone 7 as the main reason behind the move.

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