Connect with us


Apple Delivers Blowout Q2 Results, Market Shrugs Off iPhone Delays




By Reuters | Updated: 31 July 2020

Apple on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services.

The report topped Wall Street expectations, with even long-overshadowed categories likeiPads and Macs getting a boost. Shares rose as much as 6 percent in extended trading after the results.

The fiscal third-quarter results, which included iPhone sales some $4 billion (roughly Rs. 29,900 crores) above analyst expectations, came on the same day that US gross domestic product collapsed at a 32.9 percent annualised rate last quarter, the nation’s worst economic performance since the Great Depression.

Apple Chief Financial Officer Luca Maestri also confirmed supply chain rumblings that the new lineup of iPhones, usually released in late September, would face delays of a few weeks.

But executives predicted continued strong performance from the company’s products.

Other major tech companies Amazon and Facebook also posted results that topped Wall Street targets, sending their shares up.

With 60 percent of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion (roughly Rs. 1.97 lakh crores), $4 billion (roughly Rs. 29,900 crores) above analyst expectations, according to IBES data from Refinitiv.

In an interview with Reuters, CEO Tim Cook said that after disruptions in April, sales began to pick back up in May and June, helped by what he called a “strong” launch for the $399 (Rs. 42,500 in India) iPhone SE introduced in April.

“I think the economic stimulus that was in place – and I’m not just focused on the US, but more broadly – was a help,” Cook told Reuters.

The continued growth in services and accessories also showed the durability of the company’s brand, which has prompted investors to view it as a comparative safe haven and pushed up share prices since March.

The company saw strong sales in its greater China region, where aggressive pricing during a June holiday shopping season and lower-priced iPhone SE model released in April helped boost sales 2 percent to $9.33 billion (roughly Rs. 69,762 crores).

“China remains a key ingredient in Apple’s recipe for success as we estimate roughly 20 percent of iPhone upgrades will be coming from this region over the coming year,” Daniel Ives of Wedbush Securities said in a note.

Apple also announced a 4-for-1 stock split, saying it wanted to keep shares accessible to a broad range of investors. Shares soared past $400 (roughly Rs. 29,900) for the first time Thursday, though they had been proportionally higher before a 7-for-1 split in 2014.

Apple’s fiscal third-quarter revenue and profits were $59.69 billion and $2.58 per share, compared with analyst expectations of $52.25 billion and $2.04 per share.

Sales in its services segment, which also includes offerings such as iCloud and Apple Music, rose 14.8 percent to $13.16 billion (roughly Rs. 98,394 crores), compared with and analyst expectations of $13.18 billion (roughly Rs. 98,543 crores). Cook told Reuters that Apple has 550 million paying subscribers on its platform, up from 515 in the previous quarter.

Sales in the wearables segment that includes the Apple Watch rose 16.7 percent to $6.45 billion (roughly Rs. 48,231 crores), compared with estimates of $6.0 billion (roughly Rs. 44,866 crores).

Apple did not give a fiscal fourth-quarter forecast.

Apple benefited from remote work and learning trends, reporting sales in its iPad and Mac segments of $6.58 billion (roughly Rs. 49,203 crores) and $7.08 billion (roughly Rs. 52,942 crores), which beat expectations of $4.88 billion (roughly Rs. 36,491 crores) and $6.06 billion (roughly Rs. 41,315 crores).

“Both had some really significant product announcements at the end of March, beginning of April,” Cook told Reuters. “You combine that with the work from home and remote learning, and it’s yielded really, really strong results.”

But the global smartphone market was already stagnating before the novel coronavirus caused it to contract, and Apple has leaned heavily into growing its services business, which is where the company’s fastest revenue growth occurred during the fiscal third quarter. The biggest component of that business is the App Store, where Apple generates commissions between 15 percent and 30 percent on some sales.

On Wednesday, Cook faced questions from US lawmakers about Apple’s practices related to the store, which have come under fire from independent app developers who say its rules and unpredictable approval process put them at a disadvantage against the iPhone maker.

© Thomson Reuters 2020

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Motorola Razr 5G Launch Expected at Company’s September 9 Event




Motorola has officially started sending out ‘save the dates’ that suggest that a new smartphone launch is scheduled to take place on September 9. The company has sent out media invites for the virtual launch event, but hasn’t revealed the name of the device. The teaser video by Motorola suggests that it has plans to launch Motorola Razr 5G on the mentioned date. The tagline “flip the smartphone experience again” with a subtle ‘flipping’ in the teaser, tells us that its the Razr we should be expecting next month.

A GIF teasing the new launch has been released by Motorola that suggests some design similarities with the Motorola Razr (2019). The Motorola Razr 5G is rumored to come with a Qualcomm Snapdragon 765 SoC. This is unlike the existing foldable phone that has a Snapdragon 710 chip, coupled with up to 8GB of RAM and up to 256GB of storage.

Motorola Razr 5G specifications (Expected)

The Motorola Razr 5G is rumored to retain the 6.2-inch flexible display that was available on last year’s foldable phone. The phone is also expected to run on Android 10 with a few proprietary features designed by Motorola, including the retro mode. Further, the new handset is said to come with the Qualcomm Snapdragon 765 SoC, paired with 8GB of RAM and 256GB of internal storage.

The camera department could also see an improvement with a 48MP main camera and a 20MP selfie one. There might be a 6.2-inch main display and a secondary display too, much like the Motorola Razr (2019). However, price and availability details aren’t known yet. The smartphone is also speculated to have a 2,845mAh battery and 18W fast charging.

Continue Reading


Qualcomm Antitrust Ruling Reversed by US Appeals Court




By Reuters | Updated: 12 August 2020

A US appeals court on Tuesday reversed a lower court ruling against chip supplier Qualcomm in an antitrust lawsuit brought by the Federal Trade Commission.

The US Ninth Circuit Court of Appeals also vacated an injunction that would have required Qualcomm to change its intellectual property licensing practices.

The decision was a major vindication for the San Diego-based company, the largest supplier of chips for mobile phones and a key generator of wireless communications technology.

Qualcomm was fighting a May 2019 decision by US District Judge Lucy Koh in San Jose, California. Koh sided with the FTC, writing that Qualcomm’s practice of requiring phone makers to sign a patent license agreement before selling them chips “strangled competition” and harmed consumers.

But the appeals court, in a 3-0 ruling written by Circuit Judge Consuelo Callahan, ruled that Qualcomm had no duty to license its patents to rival chip suppliers and that it was not anticompetitive to require phone makers to sign a license agreement.

“Instead, these aspects of Qualcomm’s business model are ‘chip-supplier neutral’ and do not undermine competition in the relevant antitrust markets,” Callahan wrote.

Qualcomm praised the decision while the FTC called it “disappointing.”

“The Court of Appeals unanimous reversal, entirely vacating the District Court decision, validates our business model and patent licensing program and underscores the tremendous contributions that Qualcomm has made to the industry,” Don Rosenberg, Qualcomm’s general counsel, said in statement.

The FTC’s Bureau of Competition director, Ian Conner, said in a statement, that the agency “will be considering our options.”

The case divided US antitrust regulators with the Justice Department intervening to file a brief in support of Qualcomm.

The Justice Department did not immediately respond to requests for comment.

Qualcomm shares rose about 4 percent on the news. The shares have been up from March lows as the company continued to show growth despite a sluggish smart phone market.

Qualcomm had argued that the FTC decision, if allowed to stand, would upend its business model by requiring it for the first time to license its technology to rival chipmakers and rework many of its patent licensing deals with phone makers.

Qualcomm won a pause in enforcement of the decision while its legal appeal played out and voluntarily changed how it structured some of its licensing deals for 5G technology. With the appeals victory and raft of new agreements signed with customers since the case was decided, Qualcomm is largely clear to resume conducting business as it had for decades before the FTC case.

Qualcomm’s business model often prompted conflict with phone makers, most notably Apple, which supported the FTC’s case and mounted a separate antitrust lawsuit against Qualcomm.

The phone makers bristled at Qualcomm’s insistence that manufacturers license its broad patent portfolio regardless of whose chips they chose.

Apple settled its case against Qualcomm in 2018 and signed a license deal and chip supply agreement. Other major phone makers such as Samsung Electronics and Huawei Technologies have also settled disputes with the chip supplier and signed license deals since the FTC case was decided.

© Thomson Reuters 2020

Continue Reading


Nokia Phone Maker HMD Global Secures $230 Million Investment From Google, Others




By Reuters | Updated: 12 August 2020

HMD Global, the maker of Nokia-branded smartphones, has secured $230 million (roughly Rs. 1,719 crores) of investment from partners including Google, Qualcomm, and Nokia Technologies, to help accelerate its development of 5G devices.

Chief Executive Florian Seiche said the success of the funding round – the largest since the Finland-based company was founded in late-2016 – validated its strategy of working closely with partners in software and hardware.

“This significant investment with some of closest strategic partners really allows us to accelerate our journey going forward,” he said in an interview.

He did not disclose the individual amounts, but said the investments from the three were “each very sizeable parts of the total”.

HMD’s smartphones run Google’s Android One software, an unadulterated version of the operating system (OS) that promises three years of security updates and two years of OS updates.

“Google is delivering a similar experience on its own Pixel range, and we are a perfect complement to their own initiatives,” Seiche said. “They’re focused on fewer selected geographies and channels; we are much broader and also present in emerging markets.”

HMD’s first 5G device – the Nokia 8.3 5G – goes on sale next month, and Seiche said the investment would accelerate HMD’s development of 5G handsets at lower prices.

“We believe the second half of this year will see a broader set of 5G phones in the market, and we believe the true mid-tier range will probably be in the first half of next year,” he said.

HMD would also continue to invest in low-priced feature phones, he said, and deepen its relationships with carriers in markets in Africa, India, and Brazil.

Seiche said COVID-19 had impacted sales, but demand had “come back quite strongly” in May and June, and the company had returned to profitability in June.

© Thomson Reuters 2020

Continue Reading


Realme Narzo 10 to Go on Sale in India Today via Flipkart, Price, Specifications,Offers




The Realme Narzo 10 will be going on sale yet again today for consumers in India. The phone is available via flash sale via Flipkart and The sale will take place today at 12:00 noon. The Realme Narzo 10 series was launched in India earlier this year during the lockdown and has been on sale via flash sales since. The handset price in India Rs. 11,999. The key highlights of the phone are MediaTek Helio G70 SoC, triple rear cameras, and 5,000mAh battery, runs on Android 10 with Realme UI on top.

Realme Narzo 10 price in India, sale

The Realme Narzo 10 is priced in India at Rs. 11,999 for the sole 4GB RAM + 128GB storage option. It comes in three colour options — that Blue, That Green, and That White.

The phone sale in India will start at 12pm (noon) on Flipkart and Sale offers on Flipkart include 5 percent unlimited cashback on Flipkart Axis Bank credit card, 5 percent off on Axis Bank Buzz credit cards, and no-cost EMI options that start from Rs. 1,334 per month.

Realme Narzo 10 specifications

The Realme Narzo 10 features a 6.5-inch HD+ (720×1,600 pixels) display and is powered by octa-core MediaTek Helio G80 SoC with 4GB of LPDDR4X RAM. The phone comes with 128GB of internal storage that is expandable using a dedicated microSD card slot.

There is a quad rear camera setup at the back that includes a 48-megapixel primary sensor with an f/1.8 lens, an 8-megapixel secondary sensor with an f/2.25 lens, a 2-megapixel monochrome portrait sensor with an f/2.4 lens and a 2-megapixel macro camera with an f/2.4 aperture lens. The front camera includes a 16-megapixel camera sensor with an f/2.0 lens. The handset will run on Reami UI based on Android 10. Rest of the features include 4G LTE, Wi-Fi 802.11 b/g/n, Bluetooth v5.0, GPS/ A-GPS, and a USB Type-C port. There is also a 5,000mAh battery with support for 18W Quick Charge.

Realme Narzo 10A Full Specifications


Brand Realme
Model Narzo 10A
Form factor Touchscreen
Body type Polycarbonate
Battery capacity (mAh) 5000


Screen size (inches) 6.52
Touchscreen Yes
Resolution 720×1600 pixels
Protection type Gorilla Glass
Aspect ratio 20:9


Processor octa-core
Processor make MediaTek Helio G70
Internal storage 32GB
Expandable storage Yes
Expandable storage type microSD
Expandable storage up to (GB) 256
Dedicated microSD slot Yes


Rear camera 12-megapixel (f/1.8, 1.25-micron) + 2-megapixel (f/2.4, 1.75-micron) + 2-megapixel
Rear autofocus Phase detection autofocus
Rear flash Yes
Front camera 5-megapixel


Operating system Android 10
Skin ColorOS 7.0


Wi-Fi Yes
Wi-Fi standards supported 802.11 b/g/n
Bluetooth Yes, v 5.00
Micro-USB Yes
Headphones 3.5mm
FM Yes
Number of SIMs 2
Wi-Fi Direct Yes
Active 4G on both SIM cards Yes
SIM Type Nano-SIM
3G Yes
4G/ LTE Yes
Supports 4G in India (Band 40) Yes
SIM Type Nano-SIM
3G Yes
4G/ LTE Yes
Supports 4G in India (Band 40) Yes


Fingerprint sensor Yes
Compass/ Magnetometer Yes
Proximity sensor Yes
Accelerometer Yes
Ambient light sensor Yes

Continue Reading


Huawei Says Flagship HiSilicon Kirin Smartphone Chips Running Out Under US Sanctions




By Reuters | Updated: 8 August 2020

Huawei Technologies will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant grows.

US pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying about the upcoming the launch of the company’s new Mate 40 handset at an industry conference, China Info 100. A report by Chinese publication IT Home cites the Yu to say Huawei Mate 40 will still sport a flagship Kirin SoC.

With US-China relations at their worst in decades, Washington is pressing governments around to world to squeeze Huawei out, arguing it would hand over data to the Chinese government for spying. Huawei denies it spies for China.

The United States is also seeking the extradition from Canada of Huawei’s chief financial officer, Meng Wanzhou, on charges of bank fraud.

In May the US Commerce Department issued orders that required suppliers of software and manufacturing equipment to refrain from doing business with Huawei without first obtaining a license.

“From Sept. 15 onward, our flagship Kirin processors cannot be produced,” Yu said, according to Caixin. “Our AI-powered chips also cannot be processed. This is a huge loss for us.”

Huawei’s HiSilicon division relies on software from U.S. companies such as Cadence Design Systems Inc or Synopsys to design its chips and it outsources the production to Taiwan Semiconductor Manufacturing Co (TSMC), which uses equipment from US companies.

Huawei declined comment on the Caixin report. TSMC, Cadence and Synopsys did not immediately respond to email requests for comment.

HiSilicon produces a wide range of chips including its line of Kirin processors, which power only Huawei smartphones and are the only Chinese processors that can rival those from Qualcomm in quality.

“Huawei began exploring the chip sector over 10 years ago, starting from hugely lagging behind, to slightly lagging behind, to catching up, and then to a leader,” Yu was quoted as saying. “We invested massive resources for R&D, and went through a difficult process.”

© Thomson Reuters 2020

Continue Reading


Samsung Galaxy Note 20 Series Launching Today: How to Watch Live Stream, Expected Price, Specifications




Samsung Galaxy Note 20 series launch is taking place today, the Unpacked 2020 event at 7:30 PM IST today. Apart from the Galaxy Note 20 series, The South Korean giant is expected to unveil the Galaxy Note 20 and Galaxy Note 20 Ultra, alongside the Galaxy Tab S7 series as well as Galaxy Z Fold 2 5G, Galaxy Buds Live, and Galaxy Watch 3. This time along Samsung will host the Galaxy Unpacked via a pre-recorded video, instead of a physical event due to the ongoing Covid-19 pandemic. The launch video has been recorded inside the Samsung Digital City in Suwon, South Korea.

Samsung’s new big-screen phones are expected to deliver better performance, more S Pen features and improved cameras. But the start of the show should be the Galaxy Note 20 Ultra, which is expected to feature a 120Hz display along with a 108MP camera with 50x zoom.

Samsung Galaxy Unpacked 2020: How to watch the live-stream?

Today’s Samsung Galaxy Unpacked 2020 event will be a virtual one, much like launch event these days. The Samsung Galaxy Unpacked 2020 event will kick off at 10 am EST (7:30 pm IST) today. Much like most events this year, the South Korean giant will also hold an online conference and the same will be live-streamed via, Samsung Newsroom and the company’s official social media channels.

Samsung Galaxy Note 20, Galaxy Note 20 Ultra price (expected)

Samsung Galaxy Note 20 price is rumoured to begin at EUR 949 (roughly Rs. 84,000), while the 5G variant could start at EUR 1,049 (roughly Rs. 92,800). The Galaxy Note 20 Ultra, on the other hand, is said to carry a price tag of EUR 1,299 (roughly Rs. 1,14,900). The 5G variant of the Galaxy Note 20 Ultra will start at EUR 1,349 (roughly Rs. 1,19,400), according to a separate report.

Samsung Galaxy Note 20 series specifications (expected)

Talking about the standard Samsung Galaxy Note 20, it is said to sport a Full HD+ display with regular 60Hz refresh rate. While the high-end Note 20 Plus and Note 20 Ultra 5G are tipped to pack Quad HD+ panel with 120Hz screen and HDR10+. All the models will have a punch-hole cutout for the selfie snapper. The flagships are likely to run Android 10 OS and have an ultrasonic in-display fingerprint sensor for security. The Indian models will be powered by the Exynos 990 SoC, while the international models may use Snapdragon 865 SoC paired with LPDDR5 RAM and UFS 3.1 storage.

The Galaxy Note 20 is said to have a triple rear camera setup that would include a 12-megapixel main sensor, paired with 12-megapixel ultra-wide-angle shooter and a 64-megapixel shooter with 3x optical zoom. The phone is also rumoured to have a 10-megapixel selfie camera sensor at the front.

The Galaxy Note 20 is reported to include a 4,300mAh battery and have IP68-certified build. Furthermore, you’d get wireless charging and reverse wireless charging.

Samsung Galaxy Note 20 Ultra specifications (expected)

Similar to the Galaxy Note 20, the Samsung Galaxy Note 20 Ultra is said to have Qualcomm Snapdragon 865 and Exynos 990 SoC options. The phone is likely to come with a larger, 6.9-inch curved-edge Dynamic AMOLED display with QHD+ resolution and 120Hz refresh rate. Further, it is likely to have a 108-megapixel primary camera sensor at the back — along with a 12-megapixel telephoto shooter and a 12-megapixel ultra-wide-angle shooter. The Galaxy Note 20 Ultra could also include an improved S Pen with nine-millisecond latency.

A recent benchmark listing suggested that the Samsung Galaxy Note 20 Ultra could come with up to 12GB of RAM. It is also likely to have Ultra-Wide Band (UWB) technology for faster file transfer. Moreover, the phone is rumoured to have a 4,500mAh battery.

Samsung Galaxy Z Fold 2, Galaxy Watch 3, Galaxy Tab S7


Samsung Galaxy Z Fold 2 is also expected to the Unpacked event. This will succeed the original Galaxy Fold from 2019. The Samsung Z Fold 2 is said to sport a 7.7-inch AMOLED display with 120Hz refresh rate and a 6.23-inch secondary display. It will have 5G connectivity and the triple camera setup on the rear will include a 12MP + 64MP + 12MP sensors, and a 10MP sensor on the inside. It is said to pack 512GB storage, have 5G connectivity, a 4,356mAh battery with 15W wireless charging.

Samsung Galaxy Watch 3 will debut on the same stage and is said to come in two models: 45mm and 41mm. They are tipped to pack a 1.4-inch and 1.2-inch displays, respectively. The smartwatch will have a rotating bezel for navigation and boot Tizen OS. Both the models are tipped to come with 1GB RAM, 8GB storage, and IP68 rating for water-resistance.

Samsung Galaxy Buds Live are the company’s upcoming TWS earphones and the design is drastically different from the predecessors. They will have a pill-shaped charging case. The TWS earbuds are said to come with ANC support, ability to last between 4.5 and 7.5 hours on a single charge. They are said to cost around Rs 16,600 in Europe.

Lastly, Samsung is also expected to introduce the Galaxy Tab S7 and Tab S7+ on the same stage. While the former is tipped to sport an 11-inch LCD screen, the latter could have a slightly bigger 12.4-inch AMOLED display. Both the flagship tablets are said to come with Snapdragon 865 Plus SoCs paired with at least 6GB of RAM and 128GB storage. They are tipped to come with 120Hz refresh rate, DeX support and new S Pen. We should know more details about these Samsung products when they go official later today.

Continue Reading