They fell short of a 31% average analysts' forecast.Amazon shares slumped 12% after the bell on Thursday after it forecast a slowdown in sales growth for the holiday season, erasing some $140 billion from its market value and capping a week of dismal earnings from global tech firms. Alphabet 's Google Cloud revenue grew 38% in the quarter, beating estimates. The European region is a source of weakness. "The "build more" happened in 2021 and we've been coasting down since then," said McCarron. He added that he expects Intel's datacenter weakness to be bottoming soon "though there are larger macroeconomic concerns about how much improvement we might see on the next growth cycle."
"For at least the next few years, I plan to focus solely on Arm's forthcoming explosive growth, while other (SoftBank) businesses will remain defensive," Son said. I would like to focus on offense for Arm. Son won't appear at post-earnings investor relations events any more," Tokai Tokyo Research Institute analyst Masahiko Ishino said. "As entrepreneur, he is the one who makes final investment decisions. "SoftBank itself is synonymous with Son, who with his audacious bets on companies from Chinese tech to startups like WeWork has charted a very different course from any other Japanese company.At SoftBank itself, net profit came to 3.03 trillion yen in the July-September second quarter.2 months ago ET Telecom
"Now that technology innovation and software is embedded everywhere, expect many brands to showcase innovation around electric vehicles, robotics, and embedded artificial intelligence," Husson said. "Don't get me wrong, there is no doubt we will continue to see a ton of robotic toys and gadgets. "CES has, however, increasingly become a place for showing off electric cars (EVs) that are becoming internet-linked computers on wheels, analysts insisted. "That's definitely the area to expect the most disruptive innovation - even though I fear too little will be announced (at CES). LG Electronics unveiled an OLED television it touted as the first wire-free and voice commanded TV for the consumer market.24 days ago ET Telecom
"You can see immediately if you've brushed your teeth properly or if you need to put on sunscreen, for example," says the firm's Baptiste Quiniou.But it can only work to its full capacity with devices developed by Baracoda or its partners.For start-ups and multinationals, making these products work with other brands is becoming crucial. "Sometimes they can do incredibly useful things, but if they're not connected to the wider info system, information dies alone," said analyst Avi Greengart.Big players from Amazon and Apple to Google and Samsung have built entire ecosystems for their devices, often around a voice assistant like Alexa or Siri.Greengart said each company thought its ecosystem would draw in enough people and devices to dominate the others. "What ended up happening is that nobody grew," he said, and the industry "to an extent stagnated".The biggest firms have spent years trying to tackle the "interoperability" problem, finally agreeing a protocol last year called "Matter" that sets a standard for connected home products. "You can think about it as the USB of the smart home," said Mark Benson of Smart Things, Samsung's connected home subsidiary.Just as USB ports allowed all devices to plug into all machines, so the Matter protocol means all connected devices will work with each other, he said, and users will no longer need to download a different app for each device.But Matter will not kill off Alexa, Siri and their friends just yet.Jeff Wang of Accenture said making the devices work with each other was the easier part. "That's maybe one of the last, forgotten, things in the home that can be made smart," said Ian Roberts, a group vice president.22 days ago ET Telecom
In the space of six months, the global semiconductor industry turned from being one of the hottest sectors to being among the most beaten up and bruised. An extraordinary turnaround over the past month has added $600 billion to the value of these companies. In the past month, the weighted-average return of the global semiconductor sector jumped 21%. Small-cap companies, which we define as those between $1 billion and $10 billion, are the laggards.Note that we excluded Samsung Electronics Co . Yet as the dust settles, tensions cool, and world leaders gather again, the same reasons to fall in love with chips start to re-emerge.2 months ago ET Telecom
95105385New Delhi: The government will set up one or more centrally appointed Grievance Appellate Committees (GACs) within three months of the notification of amendments to the Information Technology (IT) Rules of 2021 under the IT Act, as per the final draft of the amended rules reviewed by ET. The idea behind setting up the committees is to give users of social media platforms including Facebook and Twitter recourse--other than approaching the courts–to settle complaints.The final draft of the proposed changes to the IT Rules of 2021, which were first released for public consultation in June, is likely to be notified in the next few days. However, the government is of the view that the platforms do not act on user grievances in a timely manner, according to people with knowledge of the matter.Companies had opposed the setting up of government-backed GACs, questioning the independence of such forums and citing concerns over freedom of speech. While the government had been asking industry to come up with a self-regulatory model, a lack of consensus among key platforms on a framework scuttled that effort.The GACs will, the rules propose, endeavour to resolve appeals within 30 days. In June this year, the government proposed certain changes after having observed that they lacked in certain areas such as a proper and effective user grievance redressal and a content regulation mechanism.3 months ago ET Telecom
expect Asia’s equity leadership to shift from Southeast Asia and India to markets like China and Korea next year, while Societe Generale SA says Taiwan’s tech-heavy market is also at an inflection point. Meanwhile, domestic-demand driven southern markets of Indonesia and India boasted resilience. The brokerage is overweight Hong Kong, China, Korea and Taiwan, neutral on Indonesia and underweight India.The bullish case for South Korea and Taiwan is also built on their chip dominance, as the markets are home to industry heavyweights such as Samsung Electronics Co . “Now the Taiwan engine is leaving the station too. And then we get more to the middle of the train, which is China.”2 months ago ET Telecom
In addition, Reliance's super app is likely to be integrated with Facebook-owned WhatsApp, which is bound to give it a major advantage. With super apps, they can use their existing assets to sell new services to grow their revenue. Thailand's AIS is also planning to transition its existing MyAIS app into a super app.However, the jury is out on whether telcos should or shouldn't explore the super app opportunity. "For any super app to be successful you do need a killer app that will pull in the users. So, I believe the telcos may need to go in for an acquisition of a popular digital service to successfully leverage the super app opportunity.1 month ago ET Telecom