Enterprise

Huawei acknowledges the US ban is hindering its sales

But the US government isn’t ready to negotiate

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For the first time since the U.S. imposed trade sanctions on Huawei, the company has acknowledged that its sales have been affected. Even though the company’s revenue grew by almost 20 percent to nearly US$ 121 billion, it says the numbers could’ve been higher had the sanctions not been imposed.

Last year, Huawei was added on a U.S. blacklist known as the Entity List. It restricted American firms from doing business with the Chinese telecom giant. For the end-user, it meant that Huawei phones won’t have Google apps pre-installed out-of-the-box. Two of its most recent flagships — the Mate 30 and the P40, were released without licensed Google apps.

Eric Xu, Huawei’s rotating chairman, told CNBC that they’re projecting a revenue loss of US$ 10 billion due to the ban. The ban hasn’t come to full effect yet, but it’ll be extremely damaging for their international expansion plans in the future. The company wants to transact with Google, but the U.S. administration has left no choice for either of them.

The ban has not only sealed off the American market for the company, but it also can’t source components and other software technologies from American counterparts. Google is just one of these examples. Huawei can’t even acquire Intel processors for its laptops.

Huawei never had a considerable smartphone market presence in the North American country. This is not a big deal for the company in its home market China because Google apps have been banned there for years now.

As a mitigation plan, the company accelerated the development of its own operating system called Harmony OS, but it’s restricted to TVs for now. To bridge the gap of missing Google apps, the company has also been actively pushing its own suite of apps via Huawei Mobile Services.

Enterprise

Samsung launches 1000-inch TV display

Three zeroes

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Television sets have gotten a lot crazier over the years. From rollable sets to ones that hide on the wall, the world has a lot more options on how they want to consume their media. One of the more renowned series spearheading this revolution is Samsung’s The Wall, offering sets that meld perfectly with the wall it’s set on. Today, Samsung is going big — really big — with a new 1000-inch display.

That’s not a typo. The Wall’s latest entry indeed has three zeroes. The new display uses microLED, making it lither and more adaptable. Despite being a gigantic screen, it can put out images in stunning 8K resolution and buttery 120Hz framerates. It can also be configured to maximize output to 16K resolution in a 15,360 x 2,160 arrangement.

Speaking of arrangement, interested buyers can choose different configurations for the screen besides a plain horizontal one. It can be installed in any wall type, including concave and convex ones.

However, if you’re wondering how you’re going to fit it in your home, Samsung is positioning the screen more towards business and commercial spaces, rather than consumer-friendly ones. The company has also not revealed how much it will go for.

Of course, if you happen to have the money and the space for it, why not?

SEE ALSO: Samsung Neo QLED TVs: Price and availability in the Philippines

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Enterprise

Xiaomi becomes second-largest smartphone maker

As of Q2 2021

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The smartphone industry has been in a shakeup for quite some time now. Since the rapid fall of Huawei, several smartphone makers have been fighting to fill in the Huawei-sized hole. The rankings have since seesawed between the two usual suspects, Apple and Samsung. Now, Xiaomi is once again climbing the ranks. According to a report, Xiaomi is now the second-largest smartphone maker in the world, as of Q2 2021.

As reported by Canalys, Xiaomi now holds 17 percent of the smartphone market, a huge 83 percent increase from the last rankings. The Chinese company edges out Apple, the third-largest smartphone maker, who just bagged 14 percent of the market. Meanwhile, Samsung is still sitting on top with 19 percent of the market. OPPO and vivo each hold 10 percent of the market.

According to the same report, the entire smartphone industry is recovering from the effects of the COVID-19 pandemic. It grew as a whole by 12 percent.

Besides the pandemic, Xiaomi is also recovering from American bans. Because of its association with China, the company was formerly included as part of the blacklist limiting them from engaging in American business.

Months ago, Xiaomi finally freed itself from the blacklist, making way for its astronomical 83 percent growth this quarter. Huawei, on the other hand, is still in the red, plummeting deeper and deeper down the rankings.

SEE ALSO: Xiaomi overtakes Apple as third-best smartphone seller

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Enterprise

Up to 1500 companies hit by REvil ransomware attack, demand $70 million

The same attackers took down the US’ Colonial pipeline

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REvil

Russian cybercriminal group REvil demands a US$ 70 million Bitcoin ransom after carrying out a major ransomware attack in the US and Europe. The US was celebrating its independence day as one of the world’s largest cyberattacks wreaked havoc in hundreds of businesses.

The ransom demand comes two days after news broke about the attack. It was initially suspected at least a few hundred small and medium-sized companies to be affected as a result. The primary software provider, Kaseya, and governments in a dozen countries are working since Friday to crack the encrypted lock on thousands of affected computers.

Ransomware is defined as malicious software that tries to extort money from its victims. The demands are straightforward: pay the ransom, or have your operations severely compromised or shut down completely. Due to the ransomware, thousands of computers are no longer functional, rendering entire businesses non-operational.

According to Reuters, up to 1500 businesses may be affected. Initial reports had found demands of $US 5 million from the bigger companies that were hit by the ransomware attack and as low as US$ 45,000 from the smaller ones.

Kaseya’s software is used by Managed Service Providers (MSPs) to perform IT tasks remotely. Kaseya has administrator access across systems by design as a managed service provider to deliver its remote management. Because of this, an auto-update on July 2 delivered REvil ransomware to affected systems.

Global effects

The ripple effects of the attack are visible globally. The disruption took down hundreds of supermarkets in Sweden because their cash registers were inoperative, and schools and kindergartens went gone offline in New Zealand.

In May, REvil attacked Colonial Pipeline and managed to get the company to pay a $5 million ransom after its functionality and services were restricted, sparking a gas crisis in the US. With the ransom demand out in the open, it remains to be seen how the issue progresses at the moment.

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