|Bid||880.00 x 5000|
|Ask||883.00 x 5000|
|Day's Range||880.00 - 889.00|
|52 Week Range||631.00 - 1,028.00|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||5.66|
|Forward Dividend & Yield||26.49 (3.02%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||N/A|
Samsung Electronics Co Ltd <005930.KS> on Tuesday denied a media report that it is considering buying a small stake in SoftBank Group Corp's <9984.T> chip company Arm Holdings. The Korea Times newspaper reported Samsung's interest in buying a minority stake of between 3% and 5% in the British chip designer as a way to reduce its royalty payment, citing an anonymous industry official. Samsung said the report was "groundless".
(Bloomberg) -- Alphabet Inc.’s Google on Monday launched the Pixel 4a smartphone, the successor to its first budget-friendly Pixel device that finally gained sales momentum last year.While the first four generations of the high-end Pixel have been mostly well received and established a strong brand for class-leading mobile photography, their sales have lagged the likes of Samsung Electronics Co. by far. The Pixel 3a of 2019, however, lowered the specs and price and has proven “very successful,” according to the company.The Android proprietor’s new phone goes on sale Aug. 20 and comes in only one screen size, 5.8 inches, with the OLED display surrounded by narrow bezels and punctuated by a hole-punch selfie camera in the top-left corner. Matte black is the only color option and Google is bringing back its fingerprint reader for biometric ID on the device’s back.Key to the Pixel 4a’s appeal will be the price of $349 combined with the same high-quality camera of last year’s Pixel 4. That’s $50 lower than the 3a’s starting price while maintaining a competent spec sheet that includes 6GB of RAM and 128GB of storage, but lacks wireless charging.Pixel shipments increased by 52% in 2019 to 7.2 million units, according to market research from IDC. That’s a far cry from the likes of Samsung and Huawei Technologies Co., the two leading Android device vendors who each shipped more than 50 million smartphones in the virus-afflicted second quarter of this year. Google’s hope is that the more affordable Pixel 4a will expand its potential audience and boost sales, though the company is also in negotiations with Samsung to more prominently promote Google services on Galaxy devices, Bloomberg News has reported.Read more: Google in Talks to Take Over More Search Tasks on Samsung PhonesIn an interview, Brian Rakowski, a vice president on the Pixel team, said that the Alphabet company hoped to announce the new device in mid-May at its annual I/O conference, which was canceled due to the Covid-19 pandemic. He attributed the delay to manufacturing slowdowns and complexity during the period.It was difficult to send engineers from the U.S. to China during the virus outbreak to troubleshoot issues on site and discussions had to be conducted via video conferencing, he said. Google did have some engineers already in China, which made it possible to ultimately release the device.Google’s team has grown accustomed to designing products from home during the period of travel restrictions and the pandemic is unlikely to significantly delay future devices, Rakowski said.On Monday, Google also announced it is planning to release at least two additional phones in the fall: a 5G version of the Pixel 4a as well as a new high-end model, the Pixel 5. The Pixel 4a 5G edition will cost $150 more than the basic model, while Google did not disclose a price for the Pixel 5, though the Pixel 4 started at $799.The Pixel 4a goes up for pre-order immediately with deliveries scheduled for Aug. 20, which is when it’ll also be available to buy through Best Buy Co. and Amazon.com Inc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Samsung Electronics Co Ltd is forging a comeback in India's smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp. Samsung, the only major non-Chinese player in the country, has already begun to gain ground, and a surge in anti-China sentiment in India following a border clash in June is expected to provide a fresh boost. Samsung jumped to the No. 2 spot with 26% market share in the second quarter behind Xiaomi's 29%, according to tech researcher Counterpoint, as the South Korean company's diverse and inhouse supply chain helped it avoid product delays suffered by rivals during coronavirus lockdowns.