Microsoft becomes $4 trillion company, TCS lays off 12,000 employees, Apple’s record iPhone growth, Xiaomi and Vivo’s new phone and other top tech news of the week\n\nMicrosoft and Nvidia both achieved a $4 trillion market cap valuation. Microsoft's shares climbed more than 5% after posting better-than-expected earnings, pushing its market cap past the $4 trillion mark. The company reported $76.4 billion in revenue, marking an 18% year-over-year increase, with net income rising to $27.2 billion, a 24% jump from the previous year. The standout performer was Microsoft's cloud division, with Azure revenue increasing by 39% against analyst expectations of 34.75%.\n\nApple reported strong third-quarter results for fiscal 2025, with revenue reaching $94 billion, a 10% increase over the previous year. The iPhone business saw exceptional growth, achieving $44.6 billion in revenue with a 13% year-over-year increase, setting a new shipping record. CEO Tim Cook highlighted growth in every geographic segment and significant double-digit growth in emerging markets like India, the Middle East, and South Asia.\n\nTCS announced a major layoff impacting approximately 12,000 employees, citing skill mismatches rather than AI as the driving factor. TCS CEO K Krithivasan emphasized redeployment based on emerging business demands.\n\nZomato co-founder Deepinder Goyal invested in a new aviation startup, LAT Aerospace, inviting engineers nationwide to join his research team in Bengaluru. The team aims to design and build lightweight, turbine-ready aircraft entirely in India, promising a fleet of short-takeoff regional jets with 12 to 24 seats.\n\nXiaomi launched its Redmi Note 14 SE 5G smartphone in India, featuring a 50MP main camera and a 5,110 mAh battery. The device runs on Android 15 and offers dust and water resistance with IP64 rating, available for purchase starting August 7.\n\nVivo introduced its Vivo T4R smartphone in India, equipped with a MediaTek Dimensity 7400 chipset, 12GB of RAM, and options for 128GB or 256GB storage. The phone is dust and water-resistant with IP68+ IP69 rating and runs on Android 15, starting at Rs 17,499 and available from August 5.\n\nReliance Jio unveiled JioPC, a cloud computing service transforming any screen into a high-performance computer. It targets students, professionals, and small businesses with flexible pricing and access to cloud storage and AI tools. Users can experience a Windows-like desktop environment. The service promises security updates and upgrades to computing power on demand.\n\nLava introduced the Blaze Dragon smartphone under Rs 10,000, featuring a Snapdragon 4 Gen 2 processor and a 5,000 mAh battery. It promises one Android version upgrade and two years of security updates.\n\nThe week's top tech news included Microsoft achieving a $4 trillion market cap, Apple posting record iPhone sales, TCS announcing a major layoff due to skill mismatches, and Zomato co-founder Deepinder Goyal launching aviation startup LAT Aerospace. Additionally, Xiaomi and Vivo launched new smartphones in India, and Reliance Jio introduced its cloud computing service, JioPC, offering flexible pricing and access to AI tools. Lava also launched a new smartphone with a focus on battery life and affordability.

Microsoft becomes $4 trillion company, TCS lays off 12,000 employees, Apple’s record iPhone growth, Xiaomi and vivo new phone and other top tech news of the week

Microsoft surpassed a $4 trillion market cap, driven by strong cloud performance and revenue growth. Apple reported record iPhone sales with 13% YoY growth. TCS announced layoffs due to skill mismatches. Xiaomi and Vivo launched new smartphones in India. Zomato co-founder Deepinder Goyal invested in LAT Aerospace, an Indian aviation startup. Reliance Jio introduced JioPC, a cloud computing service. Lava launched a budget smartphone with long battery life.