(Bloomberg) -- Apple Inc. again commanded a majority share of the smartwatch market in the first quarter, when the Covid-19 outbreak encouraged health tracking and drove a 20% rise in shipments.Global smartwatch shipments reached 13.7 million units in the first three months of this year, defying a worldwide slump in consumer electronics arenas such as mobile phones. Apple’s share inched up a percentage point to 55.5%, according to Strategy Analytics.The Apple Watch is seen as one of the key growth drivers for the U.S. company, which has stopped detailing quarterly iPhone shipments as the smartphone market matures. Compal Electronics Inc. and Quanta Computer Inc. are the Cupertino, California giant’s assembly partners for the wearable device, according to GF Securities analyst Jeff Pu.Strategy Analytics notes that Apple achieved its highest market share in two years after shipping 7.6 million units. Samsung Electronics Co. was second with 1.9 million and Garmin Ltd. rounded...
Oil prices edged higher on Thursday on a surprising rise in China's April exports, U.S. output cuts and the slow return of some activity in Europe. Brent crude was up by 52 cents, or 1.75%, to $30.24 a barrel by 1023 GMT, after dropping 4% on Wednesday. U.S. West Texas Intermediate futures rose 47 cents, or 1.96%, to $24.46 a barrel....
Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude was down by 24 cents, or 0.8%, to $29.48 a barrel by 0649 GMT, after dropping 4% on Wednesday. U.S. West Texas Intermediate futures dropped 34 cents, or 1.4%, to $23.65 a barrel, having declined more than 2% in the previous session....
Oil prices steadied on Thursday as data showed China's crude imports rebounded, but market watchers expect gains to be capped by the glut in supplies as the coronavirus pandemic crushes global fuel demand. Brent crude was up by 3 cents, or 0.1%, to $29.75 a barrel 0341 GMT, after dropping 4% on Wednesday. U.S. West Texas Intermediate futures gained 4 cents, or 0.2%, to 24.03 a barrel, after declining more than 2% in the previous session....
Oil prices rose on Thursday after U.S. inventories swelled less than expected, but market watchers predicted further gains could be capped by the ongoing glut in crude supplies as the coronavirus pandemic crushes fuel demand. U.S. oil gained 19 cents, or 0.8%, to 24.18 a barrel, after declining more than 2% in the previous session. "The latest report (on U.S. inventories) added to tentative evidence that – after a catastrophic few weeks – the pressure on the U.S. oil market is beginning to lessen," Capital Economics said in a note....
