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Samsung breaks sales records, thanks to Apple

Business as usual

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Are you on Team Apple or Team Samsung? Like Batman and the Joker, much ado has circled around the feud between the two brands. However, like the intertwined hero and villain, either brand cannot fully exist without the other.

As market enthusiasts know, Apple’s devices have often relied on Samsung’s manufactured screens. In the same way, Samsung relies on the sales from these screens.

As usual, one has contributed to the success of the other. According to Samsung’s latest earnings guidance, the company posted record profits — 17.5 trillion in Korean won — last quarter. Before that, Samsung posted KRW 14.8 trillion; a huge feat, but still pales to this quarter.

Still, much of their profits stem from the recently launched Galaxy Note 9. However, analysts have also predicted the rise of Samsung Display, the company’s branch that caters directly to Apple. The branch’s earnings supposedly stand at KRW 870 billion for this quarter alone. Previously, the first and second quarters combined garnered just KRW 543 billion.

The massive increase coincides with Apple’s latest iPhones. Both the iPhone XS and XS Max carry Samsung’s screens. Reportedly, Apple sold so many iPhones that Samsung ran out of stock. While Apple is looking for new manufacturers now, Samsung Display’s massive effect on sales is undoubtable.

Now, the brand’s momentum is riding high for next year’s batch of smartphones. Already, the brand has unleashed a wave of hype for the upcoming Galaxy S10 and the foldable smartphone.

SEE ALSO: Samsung might kill the Galaxy J series soon

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Xiaomi wants to make its own processor, Huawei ban no deterrent

Xiaomi is betting big

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Pretty much every major smartphone maker today relies on a third-party for processors. Qualcomm and MediaTek lead the race, while Samsung has its in-house Exynos lineup. Huawei’s Kirin series has long been its first choice of processor for flagships, but this could change soon.

Xiaomi wants to join this elite club and intends to continue working on its own chips. According to Xiaomi founder and CEO Lei Jun, the Chinese smartphone maker continues to design its own chips and shall announce the results when new developments are made.

The announcement’s timing is of utmost importance since US-China relations have radically deteriorated in the last couple of years. The ban on Huawei has revoked its access to Arm chip designs. It means that the telecom giant can no longer produce any Kirin-branded processor.

The ban sets a negative precedent for Chinese companies that inherently depend on Western technology. It’s like a stack and the processor’s design is the heart. All new developments are made on top of each other, making it near-impossible for Chinese companies to move forward without Arm design.

Amid the uncertainty, Xiaomi’s announcement is confidence infusing. It first released its in-house chip in 2017 and was called Surge S1. The affordable chipset has been seen in Mi 5C only so far.

After the Huawei ban, Chinese companies have ramped up their effort to go truly independent. The Chinese government has also rolled out tax incentives to boost chipset production. On the same lines, Huawei has intensified its efforts to develop Harmony OS, a direct competitor of Android.

These bets are all long-term in nature and it’s unlikely we’ll see any advancement in the near future. But, the US-China clash has kickstarted a new race, a race that’s aimed towards digital technological superiority.

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Apple’s Tim Cook is now worth a billion dollars

Officially a billionaire

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A few years ago, Apple earned the highly distinguished status of becoming a trillion-dollar company. Without pausing to catch its breath, the company is already barreling towards the 2-trillion mark. Coinciding with his company’s success, Apple’s Tim Cook is now worth a billion dollars.

According to Bloomberg’s Billionaires Index, Cook’s net worth has just passed the US$ 1 billion mark just as Apple’s shares substantially grew last week. Just recently, the company announced a 4-in-1 split for its stocks due to the success.

The Apple CEO’s new position in the success column is an interesting one. Unlike his peers in the industry, Cook is one of the few CEOs who did not found his own company. The current leader took over the reins from the late Steve Jobs back in 2011. Since then, Apple’s success skyrocketed to its current status today. Back in 2015, amidst all the riches he acquired, Cook promised to give away most of his money to philanthropic endeavors.

Apple’s recent success is a stroke of good news compared to other big tech companies in the US. Last week, the biggest tech CEOs faced an onslaught of antitrust issues surrounding the tech industry. For example, Facebook’s Mark Zuckerberg failed to defend his bullying and acquiring tactics to stomp competitors down. Though surviving this barrage, Apple is currently facing its own set of issues worldwide, including antitrust issues in the EU and a strange branding lawsuit in Canada.

If the current trend continues, Apple is set to ascend even further up the ranks of tech companies in the near future.

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Enterprise

WeChat ban can sink iPhone sales worldwide

Sinks by up to 30 percent

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Last week, President Donald Trump signed an official executive order banning TikTok and WeChat starting September 15. Though the spotlight is on TikTok, the pending WeChat ban can also impact the technology industry quite heavily. According to an analyst’s report, the WeChat ban can sink iPhone sales worldwide.

According to renowned Apple analyst Ming-Chi Kuo (via MacRumors), the impending ban will determine the iPhone’s fate in the Chinese market. WeChat, a platform owned by Tencent, is a popular messaging app in China. While the app’s presence is drastically lesser in other territories, Chinese immigrants also use the platform to stay in touch with relatives back in China.

If the ban passes, Apple’s App Store can potentially remove the app for all users around the world. Currently, the executive order’s wording is still vague. No one knows if a ban will remove WeChat from American iPhones or all iPhones all over the world.

In the best-case scenario wherein it’s only the US, global iPhone sales will likely drop by up to only 6 percent. This likely pertains to Chinese immigrants in the US. However, in the worst-case scenario wherein iPhones everywhere lose the app, Apple’s sales will sink by up to a whopping 30 percent.

Despite the overwhelming dominance of Chinese brands in China, Apple still retains a sizable share in the country’s market. Compared to last year, the American brand’s market share actually grew in size. If Kuo’s more pessimistic scenario comes to pass, Trump’s orders might have inadvertently doomed Apple’s business in China.

SEE ALSO: Apple is not interested in TikTok

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