NOW THE WORLD’S BIGGEST SMARTPHONE BRAND
Despite challenges from the coronavirus pandemic and growing competition from Apple and Xiaomi in China, new data from Canalys confirms that Huawei overtook Samsung as the world’s number one smartphone maker in the world in the second quarter of 2020. During the period of global lockdown, the Chinese technology giant shipped an eye-watering 54.8 million units compared to Samsung’s 54.2 million, with both brands now responsible for a 20% share of the global smartphone market. Analysts suggest China’s speedier recovery from the coronavirus pandemic encouraged consumers to upgrade their phones on home soil, and with endless e-commerce promotions offering smartphones at rock-bottom prices, many were chomping at the bit to upgrade as soon as they could safely leave their homes. Indeed, Canalys’ Associate Director Tarun Pathak revealed in his latest earnings update that 71% of Huawei’s sales in the period came from China, with consumers preferring a brand on home soil, despite growing competition from American brands such as Google and Apple, who have been working hard to capitalize on Asian markets with the release of budget smartphones such as the Google Pixel 3a (and soon to be 4a) and the second-generation iPhone SE, which launched in April.
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AUSTRALIA SHOULD DELAY SOCIAL MEDIA BAN FOR CHILDREN UNDER 16. BIG TECH SAYS
An advocate for major social media platforms told an Australian Senate committee that laws to ban children younger than 16 from the sites should be delayed until next year at least instead of being rushed through the Parliament.
APPLE AND GOOGLE FACE UK INVESTIGATION INTO MOBILE BROWSER DOMINANCE
Apple and Google arenât giving consumers a genuine choice of mobile web browsers, a British watchdog said in a report that recommends they face an investigation under new U.K. digital rules taking effect next year.
DIRECTV CALLS OFF ACQUISITION OF RIVAL DISH, POSSIBLY ENDING A YEARSLONG PURSUIT
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
THE PSYCHOLOGY OF RETIREMENT INCOME: FROM SAVING TO SPENDING
The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievableâbut unfortunately, it isnât relegated only to fiction. Itâs a cold reality for many retirees.
'BUY NOW, PAY LATER' IS MORE POPULAR THAN EVER. IT CAN COST MORE THAN YOU THINK
More shoppers than ever are on track to use âbuy now, pay laterâ plans this holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt.
IS 'GLICKED' THE NEW 'BARBENHEIMER'? 'WICKED' AND 'GLADIATOR II' COLLIDE IN THEATERS
âBarbenheimerâ was a phenomenon impossible to manufacture. But, more than a year later, that hasnât stopped people from trying to make âGlickedâ â or even âBabyratuâ â happen.
ELECTRIC CAR SALES ARE SLOWING IN THE US AND EUROPE AS BOTH FANS AND SKEPTICS SHARE CONCERNS
While sales of electric vehicles surge in China, adoption of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations.
FEDERAL PROSECUTORS SEEK RECORDS FROM COMPANY THAT DEPLOYED AI WEAPONS SCANNER ON NYC SUBWAY
Federal investigators in New York are seeking records from the manufacturer of an AI-powered weapons scanner that was briefly deployed this summer in New York Cityâs subway system.
BIDEN ADMINISTRATION TO LOAN $6.6B TO EV MAKER RIVIAN TO BUILD GEORGIA FACTORY THAT AUTOMAKER PAUSED
President Joe Biden's administration announced this week that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
RANSOMWARE ATTACK ON SOFTWARE SUPPLIER DISRUPTS OPERATIONS FOR STARBUCKS AND OTHER RETAILERS
A ransomware attack that hit a major software provider last week caused disruptions for a handful of companies over recent days, from Starbucks to U.K. grocery giant Morrisons.