Despite some volatility, tech stocks are trouncing the broader market this year as top-performing tech funds score double-digit gains. ETFMG Prime Cyber Security (HACK) leads the pack with a 19.8% year-to-date gain through May 9, according to Morningstar Direct. That’s far ahead of the S&P 500’s 1.5% advance. The ETF lost 2% Friday, but remains just below its all-time highs. ... Read More »
Merrick Laravea Merrick Laravea is a PR professional based in Seoul writing about the intersection of tech and modern life in South Korea and beyond. A worker installs solar panels at a solar power plant on May 15, 2018 in Lianyungang, China. (VCG/VCG via Getty Images) The next gathering of the World Energy Congress is still over a year away, but you ... Read More »
HIGHLIGHTS Xiaomi’s razor-thin hardware margins are offset by its ad sales Advertising accounted for nearly 57 percent of its revenue last year Xiaomi can also make money by pushing third-party apps That’s the mantra that you’ll surely hear most as Xiaomi tries to convince investors that a hardware company with razor-thin margins is worth $100 billion. “We pioneered an amazing, innovative business model ... Read More »
It was just last week that I had written about Samsung having “a foot in the mouth” kind of a situation every time they want to launch a phone. This time around it’s Google that has “accidentally” given a strong hint of a new phone making its way to the marketplace. Reported by the XDA-Developers, Google published a new commit ... Read More »
A US ban on sales of American components to ZTE Corphas unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies. The United States this week imposed a ban on American companies selling parts and software to ZTE for seven years, saying it had broken a settlement agreement with repeated false statements – a move that threatens ... Read More »
HIGHLIGHTS Samsung Galaxy S9+ costs $379 to build, claims TechInsights This is more than the cost incurred in building the Galaxy Note 8 But it is cheaper than the cost of manufacturing the iPhone X While it is cheaper than the Galaxy Note 8 for the consumers, the new Galaxy S9+ is apparently the most expensive Galaxy series phone to build. Samsung reportedly spends $379 (approximately ... Read More »
Samsung Electronics plans to begin building a new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand. The tech giant said in August last year that it expected to invest $7 billion (roughly Rs. 45,000 crores) over the next three years to ... Read More »
Dear Reader, Right now we’re smack in the middle of the biggest get rich quick boom in history. Cryptocurrencies are rocketing 3,028%, 9,790%, 13,558% even 694,900%. So if you made the smart decision to get in on this profit frenzy early… congratulations! You’re already a millionaire. But if you’ve missed out so far, I want you to pay very close attention ... Read More »
Amid the recent market turmoil, one group of stocks has managed to stay above the fray: tech. And there are some specific names in the space market watchers are eyeing for a big breakout. Miller Tabak equity strategist Matt Maley pointed out that the tech-stock tracking ETF (XLK) has recouped all of its losses in the last month, but warned ... Read More »
Theo Wargo/Getty The number of tech startups going public should jump to around 50, investment bankers who cater to the industry say. But don’t expect a lot of big-name companies to hit the public markets. Instead, enterprise-software companies will likely represent the lion’s share of new offerings, the bankers said. Many startups are feeling pressure from venture investors and employees ... Read More »
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