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Samsung's phone fortunes wane as COVID-19 hits 5G phones in Europe and U.S. – Reuters

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SEOUL (Reuters) – 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.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. Picture taken on October 11, 2017. REUTERS/Kim Hong-Ji

The world’s biggest smartphone vendor, Samsung Electronics Co in full, warned on Wednesday of a significant drop in mobile earnings in the second quarter, as recession fears dampen demand for high-end models and carriers in major markets delay the rollouts of fast 5G networks.

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The COVID-19 pandemic is hitting all vendors hard. But Samsung’s strategy of focusing on 5G in advanced markets like Europe and the United States – it captured nearly three-quarters of global 5G phone sales last year – plus dwindling market share in some emerging markets could put it in a deeper quagmire.

By contrast, American arch-rival Apple Inc now looks better positioned as China, which accounts for roughly 15% of its revenues has reopened shops.

By contrast, the reopening has had limited upside for Samsung as the country accounts for a small fraction of its business; it does not break out China revenue, but it accounts for less than 1% of its phone shipments.

Apple, whose lack of a 5G model has been seen as a key disadvantage versus Samsung, has also launched a new budget iPhone SE model that many analysts predict will prove popular among consumers in a recession.

The California-based tech giant reports quarterly results on Thursday.

SECOND QUARTER

Samsung’s total smartphone shipments fell by 18% in the first quarter from a year earlier. But a higher proportion of premium and 5G phone shipments, as well as lower marketing costs, helped profits rise 17% at its mobile division, which includes phones and mobile network equipment.

Profits were resilient in first quarter when the industry impact from COVID-19 was largely down to the outbreak in China, analysts said. However the company faces deep pain in the second quarter which will show the hit to its business from the spread of the virus in Europe and the United States, its strongholds for premium phones, they added.

“The problem is Samsung’s mobile business will be really bad,” said Park Sung-soon, an analyst at Cape Investment & Securities. “It will recover in the second half, but not as strongly as Apple.”

Lee Jong-min, a Samsung vice president, touched on the difficulties on Wednesday.

“Although there are signs that the spread of the coronavirus in North America and Europe is slowing down, it is too soon to be relieved,” he told analysts. “Also, as it takes some time for the economy to recover, it is difficult to forecast how much of a demand drop we will see in the second quarter.”

‘HEARTBREAKING’

Samsung said the deployment of 5G networks were being delayed in India, the United States and Europe because of lockdown measures there.

In China, it expects a boost in 5G spending due to government stimulus measures, but analysts say the policies will benefit local rivals such as Huawei Technologies [HWT.UL] and Xiaomi Corp more.

In India, where smartphone shipments jumped 12% in the first quarter despite the impact of a nationwide lockdown in the final week of March, Samsung further ceded market share, becoming No.3 vendor after China’s Xiaomi and Vivo.

Samsung is set to face further competition in those two markets, not just from Chinese rivals but also Apple, which launched lower-priced $399 SE model this month.

Samsung’s CEO Koh Dong-jin said in late March that it aimed to reclaim its No.1 position in India by offering a wider range of models. The company also plans to boost sales of premium models in China, he added, describing its sluggish sales there as “heartbreaking”.

Samsung said on Wednesday it would also boost offerings of mid and lower-end 5G models globally, while launching new premium models as scheduled in the second half of the year, including the Note and a foldable phone.

Some analysts are nonetheless worried about the company’s prospects this year.

“While I am concerned about overall mobile demand, I am more worried about (Samsung’s) flagship phones, as the chances they will sell well in advanced markets are fading,” said Kim Ro-ko, at Hana Financial Investment.

Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Miyoung Kim and Pravin Char

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The Ultimate Recap of Sea Otter 2024 – Pinkbike.com

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Vittoria Releases New Peyote & Mezcal XC Race Tires
Maxxis Team Spec Aspen ST Tire
New DT Swiss 240 DEG Hubs
Kali Protectives’ New Full Face Helmets
Industry Nine’s SOLiX M Hubs & Wheelsets
Michelin’s Aggressive New Wild Enduro Tires
Praxis’ New Flat Pedals, Stem, & Carbon Bottle Cage
Transmission Cage Upgrades from Kogel, Ceramicspeed, and Cascade Components
Randoms Round 1 – Sea Otter 2024
Madrone Cycles’ SRAM Eagle Repair Kits & Prototype Derailleur
Vorsprung’s New Telum Coil Shock
EXT’s Vaia Inverted DH Fork & Updated Coil Shocks
Randoms Round 2: New Tools, Goggles, Grips, Racks, & More – Sea Otter 2024
What’s New in Women’s MTB Apparel at Sea Otter 2024
Even More Randoms – Sea Otter 2024
Randoms Round 3: Dario’s Treasures
What’s New for the Kids at Sea Otter 2024
Deity Releases New Stems, Grips, & Pedals
Dario’s Final Sea Otter Randoms
Brian’s Randoms from Sea Otter 2024

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With roots dating back to 1991, the Sea Otter Classic is one of the biggest biking events and tradeshows each year and brings together all sides of the biking industry from athletes to brands, spectators and consumers. Taking place in April in the sunny hills of Monterey, California, that means this event really feels like the official start to the biking season in North America. Christina Chappetta covers why it’s much different to an indoor European biking tradeshow, a World Cup racing weekend or even Crankworx mountain bike festival, in that it encompasses nearly ALL of the biking disciplines, including road cycling, enduro, downhill, dual slalom, XC, trials riding and more.

In the past fortnight, we have seen large amount of new tech releases. However, Sea Otter 2024 represents some of the first opportunities for many riders to see these things in the flesh, as well as take a deeper dive into what the product aims to do.
Welcome to a video summary from Day 2 of the Sea Otter Classic.
There are so many giveaways, interesting new products and colourful characters at Sea Otter Classic that it’s hard to stand out from the crowd. Ben Cathro takes a lap of the venue to find his favourites.



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Apple iPad Air 2024: Insider Makes Hasty U-Turn On New Feature – Forbes

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Well, that was quick. On May 18, a respected industry insider predicted a new display technology for the iPad Air that’s expected in the coming days—Apple just announced its latest special event.

The new 12.9-inch iPad Air, the report claimed, would have the same miniLED backlighting currently found on the larger iPad Pro, using the leftover inventory from the current Pro as that model switches to OLED. That was exciting news.

But now, Ross Young, the analyst who made the claim, has changed his mind. The new prediction, shared with paid subscribers only, is that the miniLED technology won’t be coming to the iPad Air, in either size.

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While it made sense that the inventory could be maximized in this way, it now “makes sense” that it won’t.

Young says that while he’d heard from supply chain sources that it would, he’d now had contact from “even more supply chain sources” that it won’t.

And the reason this change of heart now makes sense is that this miniLED technology is expensive, so it would be surprising if it made it to the iPad Air, which is more affordable than the Pro.

That’s not quite all the analyst shared. He also said that there are now reports of a new iPad coming later in the year. This is a 12.9-inch iPad, with miniLED backlighting and it could arrive between October and December this year.

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This is intriguing. What could it be? Assuming that the iPad Pro and iPad Air are released in May, it’s extremely unlikely either will be updated later in the year. And if the iPad Air isn’t pricey enough for miniLED to be included, what tablet could Apple be introducing that is the same size as the bigger Pro, with a pricey screen tech, which would sit between the Air and the Pro, it seems?

Young is highly reliable, but this seems slightly preposterous to me. The only other iPad in the range due a refresh is the regular iPad (at 12.9-inches, the iPad mini is clearly out of the picture) and that doesn’t seem likely either.

It seems to me that any regular iPad will almost certainly have the same screen size as now, 10.9 inches. The regular iPad only grew to this size screen in the current generation, and Apple almost never changes designs after one iteration.

Perhaps things will become clearer as the year goes on.

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Woman who left beaten dad on floor for 2 days was 'overwhelmed' with his care, judge told – CBC.ca

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A Calgary woman who abused her sick, 77-year-old father was “overwhelmed” at the task of caring for him, a judge heard Wednesday at a sentencing hearing. 

In January, Tara Picard, 52, pleaded guilty to charges of assault and failing to provide the necessaries of life after her father (whom CBC News is not naming) was found injured on a basement floor, where he’d been lying for two days. 

On Wednesday, prosecutor Donna Spaner and defence lawyer Shaun Leochko asked the judge to allow Picard to serve her sentence in the community under conditions as part of a conditional sentence order.

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Justice Indra Maharaj agreed to a two-year conditional sentence for Picard followed by a year of probation. 

“There is no doubt she became overwhelmed,” said Spaner in her submissions. “There is no question Ms. Picard has remorse.”

Leochko told the judge that caring for her father “was really more than [Picard] could handle.”

Maharaj heard that Picard is Indigenous and was the victim of abuse growing up. She lives in a sober dorm-style facility and is working with a mental health and addictions navigator, according to Leochko.

A ‘willingness to give back’

As part of the sentence, Picard must complete 300 hours of community service. 

Justice Maharaj commended Picard for “taking that on.”

“That shows me Ms. Picard sincerely does recognize what has happened here,” said the judge. 

“What I interpret from that is Ms. Picard’s willingness to give back to her community.”

During Picard’s plea, court heard that in November 2021, Picard and her father fought over his drinking. 

Nurses discover victim

The victim suffers from a number of medical issues, including diabetes, heart disease, dementia and alcoholism.

At the time, home-care registered nurses were assigned to help provide supplementary care.

Nurses found the victim wearing a soiled adult diaper and suffering from two black eyes with blood on his head. 

He told the nurses who discovered him that he’d been there for two days. 

Picard admitted she knew her father had fallen and she had “administered a number of physical blows.”

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