Samsung, LG Lead Global UHD TV Market in Q3

Samsung and LG led the global market for ultra-high definition TVs with a combined market share of 51 percent during the July to September period.

The Korean tech giants were followed by Chinese TV maker Hisense and Japan's Sony, each with a market share of around 10 percent.

Market researcher DisplaySearch says the Korean firms are facing a growing threat from Chinese TV makers with cheaper products, adding that competition for the market is going to be fierce in the fourth quarter.

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Apple's Market Cap Tops $700 Billion

Apple's market capitalization surpassed US$700 billion at one point during trading on the Nasdaq on Tuesday.

Apple shares hit $119.75 at one stage, boosting the company's market capitalization to $702.4 billion. But the stock closed down 0.64 percent at $117.87 on profit-taking after a week of gains.

Apple's market capitalization has doubled since August 2011, when Tim Cook took over as CEO following the death of Steve Jobs.

Exxon Mobil is the second most valuable company.

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