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Showing posts from January 30, 2023

Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit

Samsung on Tuesday reported its lowest quarterly profit since 2014 and said persistent macroeconomic uncertainty will make for a tough first half year, though demand is likely to start recovering in the second half. Sluggish demand and inventory adjustment will continue to impact the chip business in the first quarter, Samsung said in a statement, adding it expects "smartphone demand to decline year-on-year due to the economic slowdown in major regions". The world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, as consumer demand for electronic devices dropped while clients spent less in a weak economy, dragging down memory chip prices. At KRW 4.3 trillion (roughly Rs. 29,000 crore), October-December operating profit was Samsung's lowest quarterly profit in eight years. Revenue fell 8 percent to KRW 70.5 trillion won (roughly Rs. 4.7 lakh crore). With memory chip prices falling by double-digit percentages in

US Said to Stop Granting Export Licences for 4G, AI, Wi-Fi, Cloud Technology for China's Huawei: All Details

The Biden administration has stopped approving licenses for US companies to export most items to China's Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions around items for 5G and other technologies for several years, but officials in the US Department of Commerce have granted licenses for some American firms to sell certain goods and technologies to the company. Qualcomm , in 2020, received permission to sell 4G smartphone chips to Huawei. A Commerce Department spokesperson said officials "continually assess our policies and regulations" but do not comment on talks with specific companies. Huawei and Qualcomm declined to comment. Bloomberg and the Financial Times earlier reported the move. One person familiar with the matter said US officials are creating a new formal policy of denial for shipping items to Huawei that would include items below the 5G level, including 4G items, Wi-Fi 6 and 7, artificial intelligence, a

Facebook Intentionally Drains Users’ Phone Batteries, Former Employee Claims in Lawsuit: Report

Over the last year, Big Tech firms have laid off over 70,000 people worldwide. Workers at major technology companies such as Alphabet, Amazon, Meta, Twitter, Microsoft, and Salesforce have been laid off in large numbers. Tesla, Netflix, Snap, and Spotify have also cut several jobs, but their layoffs are markedly smaller than larger firms. A former Meta employee has reportedly filed a lawsuit against the firm, claiming that Facebook knowingly drains users' phone batteries under the guise of testing features. The ex-worker has also claimed he was fired when he noted this practice as a harmful one, and refused to participate in it. According to a New York Post report , George Hayward is a 33-year-old data scientist who claims to have worked at Facebook on its popular Messenger chat application. In a lawsuit filed against the firm, Hayward said he came across an internal training document titled “How to run thoughtful negative tests,” where examples of experiments where users' ba

Samsung Galaxy Unpacked 2023 Event on February 1 at 11:30 PM: Be Ready for an Epic Day!

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Samsung is known for its innovation in smartphones and has continued to amaze us with its Galaxy S series smartphones. This year is no different as the electronics giant is ready to take an epic leap with the next-generation Galaxy S series smartphones.   So, what is this article about? Well, it's about an event that all you Samsung fans are eagerly awaiting - the epic Samsung Galaxy Unpacked event. This highly anticipated event is famous for showcasing the company's latest technological advancements, pushing the limits of what's possible with a smartphone.  In the past, Samsung introduced groundbreaking innovations at the event that have transformed how users interact with their smartphones.  When and where will the Galaxy Unpacked event be held this year? Samsung's upcoming Galaxy Unpacked event is set to take place on February 1 in San Francisco. The tech giant is expected to unveil new additions to its popular Galaxy S series. The event, which begins at 11:30 P