Chinese smartphone makers closing the gap on iPhone, Samsung

Analyst Canalys’ latest smartphone market figures show third placed Huawei now nipping right at Apple’s heels. It said Huawei shipped 38 million units in the quarter vs Apple’s 41 million iPhones, with year-over-year growth at 20 per cent and two per cent respectively — the latter despite anticipation building for a significant iPhone refresh later in the year.

Shopify beats on big revenue jump as it crosses 500K merchants

Revenue grew 75 percent year over year, and the company’s gross profit also grew 83 percent compared to the same quarter in 2016. Total revenue beat expectations from Wall Street at $151.7 million, and its subscription-based business grew to $71.6 million, driven by a record number of new merchants signing up for the platform.