Enterprise

Globe launches Southeast Asia’s first 5G service backed by Huawei

Ultra-fast internet coming to homes first

Published

on

Image credit: Globe

Local telcos have been telling Filipinos that the Philippines will not be left behind in the 5G race. True to their promise, Globe Telecom launched its 5G broadband service. The word 5G might be new to some because it’s just making its way to select countries. The Philippines is now the first one to have commercial 5G service in Southeast Asia.

Before we get too excited, it’s worth noting that Globe’s initial 5G service is limited for homes, and it’s not yet for mobile devices. Globe will soon offer fixed wireless broadband using 5G technology to deliver fiber-like speeds. Basically, Globe is keen to deliver high-speed internet to Filipino homes wirelessly rather than rolling out fiber optics cables. Truth be told, the process of laying out fiber optics are always met with drastic delays due to bureaucracy.

With Globe At Home Air Fiber 5G, the telco will offer postpaid plans starting July 2019 with promised speeds of up to 100Mbps and up to 2 terabytes of monthly data allowance. It’s not unlimited, but you practically have more than 60GB of data to play with every single day.

The plans start at PhP 1,899, which is at par with Globe’s current wired broadband services:

  • Plan 1899 — up to 20Mbps
  • Plan 2499 — up to 50Mbps
  • Plan 2899 — up to 100Mbps

Initially, the service will be available in select areas of Pasig City in Metro Manila, and in the province of Cavite and Bulacan.

Despite the privacy issues and sanctions thrown by the US, Globe has pushed through their plan to use Huawei equipment, including radios and modems, to deliver 5G broadband internet. Even before, Globe is in partnership with Huawei for its 4G service alongside with Nokia.

Globe President and CEO Ernest Cu disclosed that the company has been spending over 21 percent of its annual revenue to upgrade and expand. In 2018, the company spent PhP 43.3 billion for its broadband services. Hopefully, the use of 5G will enable more homes with a faster and more reliable internet connection.

SEE ALSO: Globe, Smart downplay Huawei ban imposed by US government

Enterprise

iPhone sales surge like never before despite raging pandemic

Apple’s daily revenue was $1 billion in Q2

Published

on

Apple reported record revenues of US$ 89.6 billion for Q2 2021, an increase of 54 percent year over year. The company’s iPhone, iPad, and Mac lineups are producing strong growth.

The iPhone range, headlined by the iPhone 12 quartet, brought in US$ 48 billion in revenue alone between January and the end of March. iPhone revenue in the previous quarter was roughly US$ 29 billion, marking a rise of 66 percent. iPad sales came in at US$ 7.8 billion while Mac sales were US$ 9.1 billion.

Apple said it would increase its dividend by 7 percent to US$ 0.22 per share and authorized $90 billion in share buyback, which is significantly higher than last year’s US$ 50 billion.

The subscription services, which include the Apple One bundles, also hit an all-time high with US$ 16.9 billion in sales. These services include Apple Music, Apple TV+, Apple Arcade, and more. Wearables like AirPods and the Apple Watch had a record-setting quarter, too, drawing in US$ 7.8bn.

Apple CEO, Tim Cook, said on a conference call with analysts that all five of the best-selling smartphones in the U.S. during the quarter were iPhones. Though, Apple did not disclose official guidance for what it presumes in the quarter ending in June.

Apple sales grew at least 35 percent in every region, and while the majority was still in the Americas, China played a pivotal role too. The company did say that future growth could be hampered due to the acute shortage of semiconductors. Its new M1 chipset is class-leading and designed on the latest ARM-based architecture. This adds a layer of complexity that could slow down shipments.

Apple said it didn’t know how long the chip shortage would keep supply from meeting demand, but it’s sure that the demand far outweighs the supply.

Continue Reading

Enterprise

Jeff Bezos says Amazon should treat its workers in a better way

His final letter to shareholders before stepping down as CEO

Published

on

Amazon

Amazon CEO Jeff Bezos used his final letter to Amazon shareholders to focus on employee well-being and its significant carbon footprint. The transition is closely watched by everyone as the legendary co-founder hands over the reigns to Andy Jassy.

The e-commerce giant has always been customer-centric, which was the prime reason it was able to garner trust and support. Now, Bezos thinks it time to put the company’s workforce on priority.

Jassy, the former head of Amazon Web Services, is taking over the top job so that Bezos can step back from day-to-day responsibilities. It’ll now be his responsibility to ensure Amazon continues its growth trajectory and sustains the pandemic-induced boom.

It’s currently hounded by regulators, labor unions, and activists around the world. There are multiple allegations — unfair treatment of warehouse workers, stifling competition, discouraging unionization, and shortchanged partners. It’s a long list, and the pressure keeps mounting as the company’s stock increases in value.

Bezos also talked about creating wealth for shareholders, the fact that climate change is real, the recent warehouse union vote in Bessemer, Alabama, US. Among his proposals are new staffing rotations to reduce physical stress at warehouses. He said that 40 percent of Amazon’s work-related injuries are musculoskeletal disorders (MSDs), such as strains and sprains from repetitive motions. These injuries tend to occur in the first six months of an employee’s tenure.

The founder also touted the company’s decision to increase Amazon’s minimum wage to US$ 15 per hour, a rate that labor groups have been advocating for the longest of time.

When it comes to workers who can’t consistently meet the company’s expectations, he says Amazon provides coaching to them, with 82 percent of it being “positive.” He also added that less than 2.6 percent of the staff was fired for not meeting the job expectations.

Amazon is also trying to cut down its carbon emissions and has pledged to have 100,000 electric delivery vans by 2030. Bezos has personally committed US$ 10 billion in grants for climate-oriented companies and organizations.

Read Also: Everything you need to know about the congressional big tech hearing

Continue Reading

Enterprise

Why is Amazon starting a $250 million venture fund in India?

Aims to bring 1 million offline stores online by 2025

Published

on

Amazon has announced a US$ 250 million venture fund called Amazon Smbhav Venture Fund that’ll invest in small and medium-sized businesses. The goal is to boost India’s export by using technology and the marketplace’s reach.

Amazon Smbhav will be focusing on the digitization of small businesses, agri-tech innovations to raise farmer productivity, and health tech for quality universal healthcare. The fund was announced at Amazon India’s annual Smbhav Summit.

It intends to tap offline sellers and professionals via the fund and on onboarding a million shops by 2025. Another initiative is “Spotlight NorthEast,” which will bring 50,000 artisans, weavers, and small businesses online from India’s North-Eastern states. The region is known for its local produce like honey, tea, and spices.

The announcement came at a fireside chat at the summit between Andy Jassy, incoming CEO of Amazon and Amit Agarwal, Global Senior VP and Country Head, Amazon India. They also revealed the first bet Amazon was making through the new fund — invoice discounting platform M1xchange, in which it has led a $10 million investment.

Amazon said it created close to 300,000 jobs since January 2020 and one million in total. It also boasted of having almost 70,000 sellers, exporting Indian goods to other markets totaling US$ 3 billion in sales.

The timing of Amazon India’s announcement is key because the e-commerce companies have been barred from delivering in the state of Maharashtra amid a Coronavirus-led curfew. While the restrictions are regional, businesses are unable to get necessary and basic supplies. In a work-from-home world, getting an emergency mice/keyboard or mattress should be easy via digitization, but there are antitrust concerns.

Due to a lockdown, offline sellers cannot operate and thus, don’t want online businesses to eat their share. The Narendra Modi-led government has historically sided with the offline traders since they constitute a majority of India’s market. The offline market is still the king, and the gap between the two is very substantial.

If online players operate exclusively for too long, they’ll start gobbling up market share gradually, killing the smaller businesses. While the aim is to maintain a level-playing field, the current rules aren’t helping anybody at the end of the day. The region also fails to collect indirect taxes over the possible transactions, leading to a cash crunch while the pandemic rages.

The FDI (Foreign Direct Investment) rules for the retail market were changed in 2019, meaning Amazon India could no longer directly sell its products. It had to act like a marketplace to maintain healthy competition since 100 percent FDI is allowed in e-commerce as a tech platform, but not as a retailer.

Thanks to the fund, Amazon can show its commitment to India and its initiatives to encourage online trade. India’s new farm laws also make it easier for private companies to invest in agriculture or partner with farmers for contracts.

Amazon had announced an investment of US$1 billion in January 2020 and its purpose was also the same — digitizing India’s small and medium businesses. Founder Jeff Bezos had said back then, “We are doing this now because it is working. And when something works you should double down on it.”

For now, the concerns of a monopoly are diminished because Amazon is going up against India’s homegrown Flipkart, which Walmart now backs. Reliance is also eyeing this segment and has already kicked off a hyperlocal service called JioMart. Lastly, many other retailers like Dmart, Tata CliQ + Bigbasket, and Grofers are available.

Continue Reading

Trending