TODAY'S ASIA TECH: Singtel, Apple, TikTok, Toyota, Xpeng

Singapore's leading service provider Singtel on Wednesday announced the launch of a new data centre brand, Nxera, to develop artificial intelligence data centres.
Nxera CEO Bill Chang said the company will become Nvidia Corp.'s regional cloud services partner to make AI more pervasive in the enterprise through "GPU as a service".

iPhone shipments in 2024 may decline by about 15% year-on-year due to structural challenges, according to noted Apple analyst Ming-Chi Kuo.

Kuo pointed out in his latest analysis that Apple Inc. has lowered its 2024 iPhone shipment forecast for key upstream semiconductor components to about 200 million units, a 15% year-on-year drop.

He believed that in 2024, among the world's major mobile phone brands, Apple may experience the biggest decline.

The popular iPhone is facing structural challenges that will lead to a significant decline in shipments in 2024, including the emergence of a new design paradigm for high-end mobile phones and a continued decline in shipments to the Chinese market.

Universal Music Group N.V. said on Tuesday that it will stop providing licensed music to TikTok due to "a bad deal."

Universal Music, the music company that has signed artists such as Taylor Swift, Billie Eilish and Ariana Grande, said in an open letter that it has not yet renewed its partnership agreement with TikTok, which expires on Wednesday.

The company noted that if it ultimately fails to reach a new deal with TikTok, it will soon take down its songs from the short video platform.

Toyota Motor Corp. chairman Akio Toyoda apologised to the public in Nagoya, Japan, on Tuesday for the recent spate of engine data scandals at the auto group.

Xpeng Inc. (XPEV:NYSE) Chairman and CEO Xiaopeng He revealed on Tuesday that the Chinese electric car maker invests 3.5 billion yuan ($487.5 million) a year into its smart driving business.

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