Smartphone shipments in India increased 8% in the third quarter to an all-time record of 50 million units, research firm Canalys said. The rebound came after a 47% decline in shipments in the second quarter, when severe lockdowns caused by the coronavirus pandemic hurt both production and demand. India is a major battleground for Samsung and Chinese competitors making inexpensive Android...
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Snap’s Weak Q4 Projection Signals Sharp Slowdown in Ad Market
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
Brex Said to Raise Funding at $12.3 Billion Valuation
Intel Blames Chip Shortage for Q3 Sales Miss
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
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