Samsung Elec sees green shoots in China smartphone business
Samsung Electronics says it's confident it can reverse the recent slump in its fortunes in China, the world's biggest smartphone market. David Pollard reports......»»
South Korea"s LG Abandons Smartphones As Electric Vehicles Business Sees Explosive Growth
South Korea's LG Abandons Smartphones As Electric Vehicles Business Sees Explosive Growth Samsung, the world's biggest smartphone maker, has just cemented its dominanc.....»»
IHS Markit sees lower risk of global recession, while U.S. growth is expected to slow next year
Business information provider IHS Markit Ltd. lowered on Tuesday its estimate of the probability of a global recession to one in five, and sees "green shoots" of growth sprouting next year. The new outlook comes despit.....»»
BNP Paribas sees some "green shoots" in China
Chi Lo of BNP Paribas Asset Management says he sees "green shoots" in China's property market and economy. He says the rebound is real estate investment was "spectacular.".....»»
Apple sees U.S.-China tensions easing, services business growing
Apple Inc said sales for its fiscal second quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for its iPhone, especially in China, the world's biggest smartphone market......»»
China"s Xiaomi unveils $680 5G smartphone, sees growth in Africa
China's Xiaomi has launched its contribution to a new wave of smartphones that will be able to take advantage of faster 5G mobile networks at a lower price than analysts expect from rivals such as Samsung......»»
Pershing Square: "Lots of green shoots" in Hilton"s business, industry
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
LG is getting out of the smartphone business it helped pioneer
Squeezed out by Apple and Samsung, the South Korean electronics giant says it will focus instead on robotics, electric vehicle parts and smart homes......»»
The Wall Street Journal: LG calls it quits on smartphones; will halt production, sales by July 31
LG Electronics Inc. will exit its unprofitable smartphone business after years of struggling to compete with industry leaders Apple Inc. and Samsung Electronics Co., as well as fast-growing Chinese rivals......»»
This is Samsung"s cheapest 5G network compatible smartphone, now you can find it for less than 250 euros
This is the cheapest 5G mobile from Samsung. Its usual price is €279 and now it costs just €247.86. This is an automated machine translation of an article published by Business Insider in a different la.....»»
Huawei plans to make electric vehicles and the first could arrive this year, according to a report
A move into electric vehicles would be a huge shift for China's Huawei, whose smartphone business has been hit hard by US sanctions. Huawei CEO .....»»
Samsung sees Memory business recovering during H1
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Xiaomi enhancing presence in overseas smartphone markets
Despite the coronavirus pandemic, Xiaomi has continued to make gains in smartphone markets outside China, reducing its reliance on the domestic market to sustain its smartphone business, according to industry sources......»»
USA Truck Sees Green Shoots Amid Uncertainty; Shares Surge
On its earnings conference call with analysts, truckload (TL) carrier USA Truck, Inc. (NASDAQ: USAK) management team said that they are hearing positive feedback from customers regarding a resumption in activity. read more.....»»
USA Truck Sees Green Shoots Amid Uncertainty; Shares Surge
On its earnings conference call with analysts, truckload (TL) carrier USA Truck, Inc. (NASDAQ: USAK) management team said that they are hearing positive feedback from customers regarding a resumption in activ.....»»
BMW cuts outlook, sees coronavirus pain lasting all year
BMW expects the coronavirus pandemic to hit demand and earnings throughout this year, while Volkswagen sees some green shoots with higher Chinese demand. Francis Maguire reports......»»
China Wafer Level CSP sees huge on-year growth in 1Q20 business
China-based CIS packaging service provider China Wafer Level CSP has posted consolidated revenues of CNY191 million (US$27.4 million) and net profit of CNY62 million for first-quarter 2020, hiking 123.97% and 1,753.65% respectively on year......»»
Samsung"s phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S.
When the coronavirus outbreak in China disrupted global smartphone production in February, Samsung looked set to weather the crisis better than most thanks to its limited exposure there and launches of pricey 5G phones. Its fortunes are reversing......»»
Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVs
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid......»»
Daimler sees stabilization in China business, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The Tell: As the coronavirus pandemic forces a business paradigm shift, here are the stocks to watch in the new economy
Wall Street is seeing some green shoots on Tuesday, as the market wrestles with the likely new reality created by the coronavirus pandemic, which has brought many businesses across the globe to a screeching halt......»»