|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||903.50 - 907.50|
|52 Week Range||903.50 - 907.50|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Huawei Technologies Co.’s founder Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries cut every few months and may lose their jobs, the billionaire said yesterday.Since May, Huawei has occupied the uncomfortable position of being both an established global technology brand and a member of the United States Entity List, which bars it from trading with American suppliers. Despite a series of 90-day reprieves, the latest of which came yesterday, the uncertainty caused by American sanctions has already cost the company a great deal. Even if Huawei is eventually brought in from the cold, the impact of this summer’s upheaval will be widespread and painful.The most immediate of Huawei’s losses is the international smartphone market. The company’s internal estimates show it expects to sell 60 million fewer phones in 2019 than it would have done without the U.S. impositions. In 2018, Huawei grew its mobile shipments by 34% to 206 million, according to IDC data, and in the first quarter of 2019 its pace accelerated to a 50% improvement while rivals Samsung Electronics Co. and Apple Inc. both saw shrinking sales. By the second quarter, partially affected by U.S. sanctions, Huawei’s growth had been slashed to 8.3%.Having successfully penetrated the European mobile market, Huawei was on a path to becoming the world’s biggest phone vendor, however the loss of Google’s Android, the brains inside its handsets, and the related Play Store app ecosystem made Huawei devices undesirable outside of China.Ren warned in his memo that redundant staff need to find a way to make themselves useful.“They either form a ‘commando squad’ to explore new projects -- in which case they could be promoted to company commander if they do well,” he wrote. “Or they can find jobs in the internal market. If they fail to find a role, their salaries will be cut every three months.”Read more: Huawei’s Founder Wants an ‘Invincible Iron Army’ to Fight U.S.The consumer division is, according to Huawei itself, its growth engine. Accounting for 45% of its revenue last year, the business that sells phones and other gadgets is instrumental to Huawei’s future health, and it’s taken a substantial reputation blow from all the allegations and sanctions levied against Huawei. That won’t be repaired anytime soon.On the same front is Huawei’s loss of software engineering time as it’s had to scramble to create a potential Android substitute. In the wake of the U.S. ban, the company switched to 24-hour days, working as many as 10,000 developers across three shifts and three offices to eliminate the need for American software and circuitry. Huawei ended up hurrying its HarmonyOS out this month, just to demonstrate it can code its own operating system, though it convinced very few people that it has anything approaching an Android alternative waiting in the wings.Less quantifiable but still significant will be the talent drain that Huawei suffers from the tarnishing of its global reputation and the overwork that’s resulted from its efforts to recover. The company has downsized its workforce in response to its new circumstances.Ren wrote that the company’s priorities are for employees to make “meritorious deeds” and for management “to promote outstanding employees as soon as possible and infuse new blood to our organization.”In explaining the fresh extension to Huawei’s reprieve from U.S. sanctions, Commerce Secretary Wilbur Ross said that some American telecoms are “dependent” on Huawei tech and need time to wean themselves off it. So while the Washington authorities are giving Huawei a little more breathing room, the company’s situation is still very much precarious, as its founder has indicated.Without the U.S. trade intervention, Huawei would be threatening Samsung for the crown of the world’s most prolific smartphone vendor and it would be capitalizing on its lead in 5G technology instead of counting the cost of lost customers. The company remains in a strong position, but the dynamism of its growth and the luster of its cutting-edge technology have both been diminished by the measures taken by the American government.To contact the reporters on this story: Vlad Savov in Tokyo at email@example.com;Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming from their wartime past. In early July, Japan tightened controls on shipments to South Korea of three materials used in chips and displays, threatening to disrupt the global tech supply chain. Japan also announced a plan to remove South Korea's fast-track export status from later this month.
Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve a dispute stemming from their wartime past. In early July, Japan tightened controls on shipments to South Korea of three materials used in chips and displays, threatening to disrupt the global tech supply chain.
Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung's products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on Sept. 1 and Dec. 15.
President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd. Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung's products would not be subject to those same tariffs.
It’s true, you’ve got the Galaxy Note to thank for your big phone. Of course, much of the mainstreaming of larger phones comes courtesy of a much improved screen to body ratio, another place where Samsung has continued to lead the way. Samsung didn’t do the product any favors by dropping the pretense of distinction between the Note and its Galaxy S line.
South Korean panel maker Samsung Display said on Friday it is considering suspending one of its liquid crystal display (LCD) production lines at home due to a supply glut. Samsung Display, a unit of Samsung Electronics Co Ltd, currently operates two LCD production sites in South Korea and one in China. "Samsung Display has been adjusting the production output and facility operation due to oversupply and worsening profitability, and we are still considering the suspension of the line, but nothing has been decided," the company said in a statement.
OnePlus, China’s upstart smartphone maker, is preparing a global rollout of its new 5G device this year, as it looks to expand in the US and win more customers from Huawei, Apple and Samsung. OnePlus has managed to buck the smartphone market’s decline this year, after winning rave reviews for its latest device, the 7 Pro, which sports a pop-out camera and smooth-scrolling technology.
To compare, I also visited the main Apple Store on Regent Street and the first Microsoft store in Europe, which opened last month a few doors away at Oxford Circus. Microsoft's new flagship features a big Xbox gaming lounge, a real-life McLaren Senna sports car plugged into the Forza video game, HoloLens headsets and lots of Surface devices.
Samsung has struck a broad alliance with Microsoft to bring Apple-style interoperability between its latest smartphones and Windows PCs. The new “Link to Windows” button in Samsung’s Note 10 will wirelessly synchronise files and notifications from the smartphone to the user’s Windows PC.
Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing.
SEOUL/NEW YORK (Reuters) - Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumping profit and widen the gap with struggling rival Huawei. Samsung Electronics Co Ltd has emerged as the biggest beneficiary of Huawei Technologies Co Ltd's trouble in the second quarter with a nearly 7% jump in smartphone sales, as the Chinese firm sold fewer phones in the global market after it was put on a U.S. trade blacklist in May. With emphasis on improved video and photography features, which helped Huawei become the world's No.2 smartphone vendor, Samsung hopes the Galaxy Note 10 will appeal to YouTubers and fans of social media.
With the average phone size hovering about 5.5 inches these days, Samsung clearly won that round. Today in Brooklyn, Samsung is pushing things even further, with the introduction of a new subset of Galaxy Note devices. Among other things, the introduction of a new model differentiates the line slightly from Samsung’s other flagship line.
Samsung unveiled a trio of Galaxy Note 10 smartphones, the first time it's released more than one version of its oversize Galaxy Notes at a time, at a massive launch event in New York City on Wednesday. The Note 10, which has a 6.3 inch screen, will start at $949 while the 10+, which features a 6.8-inch screen, will start at $1099 for an LTE version and $1299 for the 5G version. No mention was made of Samsung's super high-end Fold phone with multiple screens that can be combined into a tablet, which was originally supposed to start shipping earlier this year.
(Bloomberg) -- As if falling profits and escalating trade spats at home and abroad weren’t bad enough, Samsung Electronics Co.’s shares may be dealt another blow when MSCI Inc. reviews weightings of its stock gauges this week.The index provider’s quarterly review scheduled for Aug. 7 could trigger a net outflow of 458 billion won ($382 million) from the shares of South Korea’s top company this month as the nation’s weighting is set to get cut in the MSCI Emerging Markets Index, according to estimates from Shinhan Investment Corp.The ongoing inclusion of China A shares and Saudi Arabia in emerging market stocks will lower the representation of other countries. The move could mean South Korea’s weighting will fall by 0.3 of a percentage point to 12%, according to Yuanta Securities Korea and Eastspring Investments Singapore Ltd.The lower weighting in MSCI indexes, coupled with trade wars and the not-so cheap valuation, may attract more bears on Samsung’s stock, which has already seen short interest rising since the end of April.U.S. President Donald Trump abruptly escalated his trade war with China late last week, announcing that he would impose a 10% tariff on a further $300 billion in Chinese imports while Japan confirmed Friday that it will remove South Korea from a list of trusted export destinations.Samsung shares have fallen about 6% since the company reported sharply lower profits on Wednesday amid global trade tensions and a wireless industry slump. However, the stock is still up 13% for the year, compared to a 4.3% decline in the benchmark Kospi Index. The gauge fell as much as 2.5% on Monday, set for its lowest close since Nov. 2016 while company’s shares declined 2.5% as rising trade tensions worsened its outlook.“Traders have recently increased short-sell volumes against Samsung’s shares and the trend is expected to accelerate ahead of the rebalancing,” Hana Financial Investment said in a note on July 28.To be sure, Kim Ju-in, a passive fund manager at NH-Amundi Asset Management Co., said that the MSCI’s review will only cause a “short-term shock” and what is really moving the market is the trade spat with Japan.MSCI’s review “is going to be a technical overhang on the market” at a time when more investors have started looking to other areas of opportunity in Asia, said Medha Samant, investment director at Fidelity International Ltd.(Updates stock performance in sixth paragraph.)To contact the reporters on this story: Abhishek Vishnoi in Singapore at firstname.lastname@example.org;Heejin Kim in Seoul at email@example.com;Ishika Mookerjee in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Teo Chian WeiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Aug.19 -- Apple Inc. Chief Executive Officer Tim Cook shared his concerns with President Donald Trump about Samsung Electronics gaining an edge due to impending tariffs on products imported to the United States. Bloomberg's Derek Wallbank reports on "Bloomberg Surveillance."
Today's major tech stories include the reveal of Samsung's 108-megapixel mobile image sensor, Ninja blasts Twitch over the use of his offline channel and social sites facing fines in the UK over an upcoming content crackdown.
Today's major technology headlines include Samsung's Unpacked event in Brooklyn, which saw the debut of two new devices, the Note 10 and Note 10 Plus. Both phones will boast Snapdragon 855 chips, but come in two different screen sizes. Samsung also used the Unpacked event to showcase its newest notebook, the Galaxy Book S.