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.

Microsoft becomes $4 trillion company