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17 mentions found


☆ Samsung reports 95% drop in profit, but expects global demand to recover in second half of the year
  + stars: | 2023-07-27 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Both DRAM and NAND flash memory chips also saw "more limited price drops" which improved second-quarter performance, compared with the first quarter, Samsung said. Weak electronics demandSamsung said that overall mobile phone market demand declined from the first quarter due to continued macroeconomic challenges such as inflation. Inflation has led to consumers cutting back on purchases of these goods, driving down prices for memory chips. Focus on premium foldable phonesSamsung said it will focus on the newly launched high-end Galaxy Z Flip 5 and Galaxy Z Fold 5 series to cement its leading position in the global foldable smartphone market.
Persons: SeongJoon Cho, Nabila Popal, Bryan Ma Organizations: Samsung, Galaxy, Apple Inc, Bloomberg, Getty, International Data Corporation, Micron, SK Hynix, IDC Locations: Seoul, South Korea, China
☆ 'Undeniably vast' opportunity: Bank of America names generative A.I. global 'winners'
  + stars: | 2023-07-14 | by ( Lucy Handley | ) www.cnbc.com   time to read: +2 min
Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.
Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German
☆ A $12 phone is opening doors for rural India to get on the internet
  + stars: | 2023-07-06 | by ( Charmaine Jacob | ) www.cnbc.com   time to read: +7 min
All that could change with a new $12 phone from Reliance Jio this week. India is already the world's second-largest smartphone market and is likely to add 300 million new internet users, making it the fastest country to provide internet services to those who remain unconnected, Mishra said. "However, screen size can limit the experience a bit, but still good for first-time internet users." Reliance Jio has rolled out 5G services in 406 cities in India. Additionally, Singh highlighted that Reliance Jio hopes first-time internet users who purchase the Jio Bharat will eventually upgrade to more advanced phones down the road.
Persons: Mukherjee, Akash Ambani, Jio Bharat, Varun Mishra, Mishra, Navkendar Singh, Singh, Jio, Bharat, There's, Nikhil Batra, Batra, Research's Mishra Organizations: International Data Corporation, Afp, Getty, Reliance, Reliance Industries, Counterpoint Research, CNBC, Vodafone, Aditya Birla Group, Vodafone Group —, BSNL, IDC, Nurphoto, Macquarie Research, Vodafone Idea, Bharti Airtel, Macquarie, Jio, Airtel Locations: India, Jio, Delhi, Mumbai, Kolkata, Bihar, Jammu, Kashmir, Himachal Pradesh
☆ Cybersecurity firms' earnings set to benefit from growing threat of hacks
  + stars: | 2023-05-22 | by ( Samrhitha A Vansh Agarwal | Samrhitha A | Vansh Agarwal | ) www.reuters.com   time to read: +3 min
Palo Alto Networks (PANW.O), the largest player in the space by market share and valuation, will kick off sector earnings on Tuesday with what analysts polled by Refinitiv estimate to be a near 24% increase in quarterly revenue. Reuters GraphicsVendors that are a one-stop shop for cybersecurity solutions help their clients analyze security data better as well as integrate a variety of applications, optimize costs and improve risk management. Top cybersecurity providers Palo Alto Networks, CrowdStrike Holdings (CRWD.O) and Fortinet Inc (FTNT.O), which offer a range of services including cloud and identity protection, are set to benefit from the consolidation trend, said D.A. CrowdStrike and ZScaler Inc (ZS.O) are expected to report revenue growth of 39% and 45% when they report earnings on May 31 and June 1, respectively. Palo Alto Networks, Fortinet lead cybersecurity stocks in the past yearReporting by Vansh Agarwal, Samrhitha Arunasalam and Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
☆ In a new hacking crime wave, much more personal data is being held hostage
  + stars: | 2023-05-07 | by ( Kevin Travers | ) www.cnbc.com   time to read: +5 min
Gorodenkoff | iStock | Getty ImagesThe cybersecurity world faces new threats beyond targeted ransomware attacks, according to experts at the recent RSA cybersecurity industry conference in San Francisco. McMann said hackers are now focusing on stealing customer or employee data and then threatening to leak it publicly. At the end of March, OpenAI documented a data leak in an open-source data provider that made it possible to see personal AI chat histories, payment information, and addresses. The team patched the leak in hours, but McMann said once data is out there, hackers can use it. "For example, the LastPass breach saw one of four key individuals targeted on their personal computer, through a personal public IP address getting in through an unpatched solution," he said.
☆ Apple is serious about India, says market intelligence firm
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is serious about India, says market intelligence firmNavkendar Singh of the International Data Corporation says Apple is "willing to bring the experience" its known for.
☆ Global PC shipments slide in Q1, Apple takes biggest hit - IDC
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered 56.9 million in the first quarter of this year, down from 80.2 million in the same period last year. Of the top five PC companies analysed in the report, Apple's Q1 shipments saw the largest drop of 40.5% from the same period in 2022, with Dell Technologies Inc (DELL.N) coming in second with a drop of 31%. Lenovo Group Ltd (0992.HK), Asustek Computer Inc (2357.TW) and HP Inc (HPQ.N) also faced declines in shipments, the IDC said. In February, Apple reported that sales of its Mac computers, which had boomed during the wave of working from home during the pandemic, declined 29% YoY to $7.7 billion in their most recent quarter. Shipment volume in Q1 2023 was noticeably lower than the 59.2 million units shipped in Q1 2019 and 60.6 million in Q1 2018," IDC said.
☆ Demand for Apple computers has dropped 40% since last year
  + stars: | 2023-04-10 | by ( Will Gendron | ) www.businessinsider.com   time to read: +2 min
A recent International Data Corporation report outlined global PC shipment data from Q1 of this year. Demand has dropped across the industry, with a 29% decrease compared to last year. Apple, in particular, has suffered from a 40.5% drop off in demand for its computers. Among the five biggest manufacturers, Apple was impacted the most: The number of Apple PCs shipped dropped 40.5% from the first quarter of 2022 to the first quarter of 2023. Global shipments include shipments to end users and distribution channels, like BestBuy and other electronics retailers.
☆ Apple's smart goggles could be the shot in the arm the whole industry needs
  + stars: | 2023-03-31 | by ( Asia Martin | ) www.businessinsider.com   time to read: +4 min
Apple is reportedly launching its Reality Pro smart goggles in June, combining VR and AR. Smart goggles are a tough market, with Google and Microsoft hitting major roadblocks in their efforts. Apple Watch paved the wayFor example, smart watches were out for years before the Apple Watch turned up. It took the Apple Watch to bring the concept into the mainstream. The market for headsets is arguably in a similar situation as the pre-Apple smart watch industry.
☆ Apple's own execs are split on whether the company should make smart goggles. Experts say if Apple can't make smart glasses happen, no one can.
  + stars: | 2023-03-30 | by ( Asia Martin | ) www.businessinsider.com   time to read: +5 min
Apple is reportedly introducing its Reality Pro smart goggles in June. Experts say the goggles may not be a smash success, but if anyone can make it work, it's Apple. Earlier this week, The New York Times reported that a rare wave of dissent made its way into the team behind Apple's mixed-reality smart goggles, called Apple Reality Pro. Apple Reality Pro will have a wow-factor to it because it's had time to improve upon the foundations laid by its competitors. The virtual reality headset market was worth $7.7 billion in 2022, according to a report by Grandview Research.
☆ France's OVH expands into India amid growing cloud adoption
  + stars: | 2023-03-20 | by ( Olivier Sorgho | ) www.reuters.com   time to read: +2 min
March 20 (Reuters) - French software firm OVHcloud (OVH.PA) has launched its first data centre in India as it expands in the Asia-Pacific region aiming to capitalise on growing cloud adoption amid heightened concerns over data privacy, it said on Monday. The new data centre in Mumbai will provide Indian businesses with local computer and storage infrastructure to meet changing data compliance needs as India digitalises and pushes for more data protection, OVH said. "The Indian market is a very...fast-growing market," CEO Michel Paulin told Reuters, adding OVH had already sold a few hundred servers. "We will continue to recruit in India," Paulin said, adding OVH had created jobs last year in Mumbai to prepare the launch and implement the technical infrastructure. But the need for digital and cloud solutions was still there, Paulin said.
☆ As tech gets hit again, strategists say these stocks present a buying opportunity
  + stars: | 2023-03-14 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
Meanwhile, Fed Chairman Jerome Powell said last week that interest rates are likely to remain "higher than previously anticipated" — usually viewed as bad news for the tech sector. But some market pros see the volatility as an opportunity to snap up growth stocks at bargain prices. Big Tech stock picks Speaking last week, before the sell-off, Sylvia Jablonski, chief investment officer at Defiance ETFs, urged investors to watch for pullbacks. AI is expected to grow at a compounded rate of 37% by 2026, Jablonski added, citing research by global market intelligence firm International Data Corporation. Firetrail Investments' Anthony Doyle also identified Microsoft as a tech stock he's bullish on , despite the volatility.
☆ Gen Z is more enthusiastic about iPhones than Android phones because of their cameras, screen layouts, and apps
  + stars: | 2023-03-01 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +3 min
Gen Z prefers Apple's iPhone to Android smartphones, a poll cited in the WSJ found. A 23-year-old told Insider that features like the iPhone Health app meant she was "Apple for life." Apple made up more than half of the US smartphone market last year, Counterpoint data showed. Apple was the top smartphone seller in Q4 last year in both the US and China, Counterpoint said. Despite Apple's popularity with Gen Z, Samsung is still the biggest smartphone manufacturer in the world by total shipments, according to International Data Corporation's research released in late January.
☆ General Motors signs deal with GlobalFoundries for exclusive U.S. semiconductor production
  + stars: | 2023-02-09 | by ( Michael Wayland | ) www.cnbc.com   time to read: +4 min
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday. The exclusive production of chips for GM will be an expansion of the New York-based company's operations, according to GlobalFoundries CEO Thomas Caulfield. Semiconductor chips are extremely important components of new vehicles for areas like infotainment systems and more basic parts such as power steering and brakes. The origin of the chip shortage dates to early 2020 when Covid caused rolling shutdowns of vehicle assembly plants.
☆ Gen Z loves the flip phone
  + stars: | 2023-01-15 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +8 min
Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s era phone that has suddenly become oh so popular with millennials. “I’m team flip phone revolution,” singer Camila Cabello tweeted Thursday, posing with a TCL flip phone, vintage. Maybe I can write the theme song guys 💪💪💪💪 pic.twitter.com/yOJgCdAgNq — camila (@Camila_Cabello) January 13, 2023“I found a little 90s, Matrix-y flip phone,” Cameron said. “At parties people will say, ‘oh my goodness, is that a flip phone?,’” Palazzolo said. And yes, new Nokia flip phones are still available – the Nokia 2760 Flip is sold at Walmart from prepaid brands such as Verizon for $19.99.
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☆ Chinese takeover of the UK's biggest chip plant blocked on national security grounds
  + stars: | 2022-11-16 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. The U.K. government has blocked the takeover of the country's largest microchip factory by a Chinese-owned firm over concerns it may undermine national security. Nexperia is based in the Netherlands but owned by Wingtech , a partially Chinese state-backed company listed in Shanghai. Nexperia completed its acquisition of Newport Wafer Fab in 2021, and the firm subsequently changed its name to Nexperia Newport Limited, or NNL. Nexperia had initially owned 14% of Newport Wafer Fab, but in July 2021 it upped its stake to 100%.
☆ 'Queer Eye's Karamo Brown on the morning routines that keep him motivated
  + stars: | 2022-09-24 | by ( Ashton Jackson | ) www.cnbc.com   time to read: +3 min
To help others be positive and productive, Brown shared the steps he takes to stay motivated in the morning and throughout the day. While getting ready for work, Brown makes sure that he practices positive affirmations. Brown recommends that people make time in the morning to do an activity they love. According to Brown, practicing self-love and positive mental health doesn't end at home. Because a lot of times we just assume that the people in our lives love us," Brown explains.
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