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

This week in the world of technology, Microsoft officially joined chip maker Nvidia to surpass $4 trillion in market cap valuation. Apple posted a strong third-quarter performance for fiscal 2025, with record June quarter revenue of $94 billion, marking a 10% year-over-year increase. Indian IT giant TCS announced a major round of job cuts impacting around 12,000 workforce. Vivo and Xiaomi expanded their smartphone range in India. All these and other

top tech news of the week

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Microsoft becomes $4 trillion company

Microsoft has crossed $4 trillion market valuation, becoming the second company after Nvidia to hit the milestone. According to a CNBC report, the 50-year-old software giant’s shares climbed more than 5% on July 31 after it posted a better-than-expected earnings report, pushing its market cap past the $4 trillion mark. Microsoft reported $76.4 billion in revenue, an 18% year-over-year increase, and $27.2 billion in net income, marking a 24% jump from the previous year. Microsoft's cloud division emerged as the standout performer, with Azure revenue jumping 39% compared to analyst estimates of 34.75%.

TCS layoffs to hit 12,000 global workforce

Tata Consultancy Services (TCS) recently announced its plans to lay off 12,000 employees which is roughly 2% of its workforce. During the recent round of layoffs, TCS insists that the job cuts are not driven by AI but by skill mismatch and the need to realign talent with emerging business demands. TCS CEO K Krithivasan also clarified that the decision of the company is majorly driven by deployment feasibility and not productive gains from AI.

Apple's Q3 2025 report card: Record iPhone growth and more

Apple delivered a strong third quarter for fiscal 2025, posting record June quarter revenue of $94 billion, up 10% year-over-year, with supercharged iPhone 16 sales, a services revenue record, amid tariff challenges. The iPhone business posted exceptional results with $44.6 billion in revenue, up 13% year-over-year, setting a June record and shipping its 3 billionth iPhone since the product's 2007 launch. CEO Tim Cook highlighted the broad-based iPhone success, noting growth "in every geographic segment and double digit growth in emerging markets, including India, The Middle East, South Asia and Brazil.

Zomato co-founder Deepinder Goyal sends 'invite' to engineers

Zomato co-founder Deepinder Goyal recently invested in a new aviation startup, LAT Aerospace. The startup aims to transform regional air travel into a faster and more affordable alternative. Now, Goyal has issued an open call to engineers across the country to join the aviation startup. In a post shared on social media platform X (formerly known as Twitter) Goyal has asked the engineers to come and join the research team at his aerospace startup LAT Aerospace, based in Bengaluru. The team’s mission: to design and build lightweight, flight-ready gas turbine engines entirely in India. Co-founded with former Zomato COO Surobhi Das, LAT Aerospace promises to build a fleet of short take-off and wandering aircraft with 12 to 24 seats.

Redmi Note 14 SE 5G smartphone with 5,110 mAh battery debuts

Xiaomi has expanded its Redmi Note series with the launch of Redmi Note 14 SE 5G smartphone in India. The affordable Redmi smartphone sports an AMOLED display and houses a 50MP main camera. The smartphone runs Android 15 operating system and its IP64 rating makes it resistant to dust and water. The smartphone can be purchased in three colour options — Mystic White, Titan Black and Crimson Art. The smartphone will go on sale starting August 7.

Vivo T4R with military-grade durability launches in India

Vivo expanded its T series smartphone range in India with the launch of Vivo T4R. The handset comes with a 6.77-inch Full HD AMOLED display. Powered by an octa-core MediaTek Dimensity 7400 chipset, the smartphone packs up to 12GB of RAM and comes in two storage options — 128GB and 256GB. Vivo T4R comes with IP68+ IP69 rating and runs Android 15 operating system. The smartphone comes with a starting price of Rs 17,499 and will go on sale starting August 5, 2025, across Flipkart, vivo India e-store, and select partner retail stores.

Reliance Jio launches JioPC

Reliance Jio introduces JioPC, a cloud computing service. It transforms any screen into a high-performance computer. It offers flexible pay-as-you-go pricing. The service targets students, professionals, and small businesses. JioPC provides access to AI tools and cloud storage. Users can access a Windows-like desktop experience. The platform offers security features and on-demand computing power upgrades.

Lava Blaze Dragon launched with Snapdragon 4 Gen 2 processor

Lava has introduced the Blaze Dragon smartphone, featuring a Snapdragon 4 Gen 2 processor and a 5,000mAh battery, priced under Rs 10,000. The device boasts a 50MP AI camera, runs on stock Android 15, and includes 4GB RAM with an additional 4GB virtual RAM. The smartphone will receive one Android version upgrade and two years of security updates. It will go on sale starting August 1, 2025, at 12 AM, exclusively on Amazon.

Acer launches Nitro Lite 16 gaming laptop in India at Rs 69,999

Acer has introduced the Nitro Lite 16, a versatile 16-inch gaming laptop designed for gamers, students, and content creators, starting at Rs 69,999. It features a 13th Gen Intel Core i7 processor, Nvidia GeForce RTX 4050 GPU, and a high-refresh-rate display. The laptop balances performance and portability with a lightweight design and comprehensive connectivity options.