Samsung leads US, LatAm smartphone markets

first_img Devices AppleCounterpoint ResearchLGMotorolaSamsung AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 AUG 2017 KT makes LG Electronics trade-in move Previous ArticleAlibaba profit nearly doubles in fiscal Q1Next ArticleLenovo slips to first quarterly loss in 2 years Michael doesn’t want to admit that he has been a journalist and editor for close to 20 years covering a diverse set of subjects including shipping and shipbuilding, fixed and mobile telecoms, and motorcycling…More Read more Tags Samsung topped smartphone shipments in the US and Latin America (LatAm) in Q2, fending off Apple in the former and achieving a record high market share in the latter, Counterpoint Research announced.In the US, the South Korea-headquartered vendor achieved a 31.3 per cent market share during the quarter, narrowly ahead of Apple on 28.2 per cent.Research director Neil Shah said Samsung prospered in the US despite shortages of its Galaxy S8 and S8 Plus models: “It’s mid and entry portfolio also gained share within prepaid channels and national retail.”Shah added a series of promotions aided Apple during the quarter, helping to “alleviate a post paid slowdown pre-refresh”, apparently a reference to a traditional slowdown in Apple sales ahead of the launch of a new iPhone model.The slowdown was offset by increases in prepay shipments, which Shah credited to “a new low point of sale price of $49 of its older 5S model”. Indeed, some 30 per cent of total US iPhone shipments during Q2 were comprised of iPhone 5S, 6S and SE models, Shah noted.Counterpoint Research placed LG Electronics in third place on a 15.4 per cent market share, with ZTE fourth (11.5 per cent), and TCL-Alcatel fifth (4.8 per cent).LatAmWhile Samsung faced a fight with Apple in the US, it emerged as the clear market leader in LatAm, with a market share of 41 per cent during the quarter.LG Electronics ranked in second place with a share of 10.1 per cent, though the vendor faces a growing challenge in the form of Motorola, which Counterpoint Research said was the fastest-growing vendor in the region after increasing its share by 65 per cent year-on-year to end the quarter on a 9.9 per cent market share.Huawei ranked in fourth place with an 8.5 per cent share, and Apple fifth on 3.9 per cent.Counterpoint Research said an improved macroeconomic climate in key markets including Brazil and Columbia contributed to a 9 per cent year-on-year rise in total smartphone shipments in the region.Columbia registered the greatest year-on-year growth in smartphone shipments during Q2 (up 26 per cent), which senior analyst Tina Lu credited to the entry of new brands including Meizu, Infinix and Xiaomi.Lu said greater availability of LTE smartphones was another factor in the broader growth in LatAm shipments during Q2: “Almost nine out of ten smartphones sold in LatAm was LTE capable and instrumental in driving up the replacement rate, and feature phone to smartphone upgrade rates.”Counterpoint Research did not reveal unit shipment figures in either announcement.center_img HomeDevicesNews Samsung leads US, LatAm smartphone markets Related Google taps retail with NYC store Author Apple faces 5G modem wait Michael Carroll last_img read more

Russians Grapple With Oil Price War at a Time of Pandemic

first_imgThe timing could not have been worse for Russia to provoke a spat with Saudi Arabia over oil production quotas in early March. Moscow’s decision to withdraw from the OPEC+ agreement restricting oil production in order to maintain higher oil prices triggered a harsh reaction by Riyadh that sent oil prices spiraling down to below $25 per barrel in the midst of the coronavirus pandemic (Oilprice.com, March 24). The price of Russian Urals oil dipped even lower, under $19 on March 18, which will deprive the Russian budget of some $3 billion a month (Vedomosti, March 19).The Russian economy is likely to suffer the most devastating consequences of the oil price war—just as it bore the heaviest impact of low global oil prices five years ago. This time around, however, the injury is self-inflicted, as an angry Saudi Arabia not only decided to ramp up production but also moved to grab Russia’s oil market share around the world (see EDM, March 19, 23).On March 6, Russia’s Energy Minister Aleksandr Novak declined to accept new oil production quotas after April 1 when the current OPEC+ deal expires (Oilcapital.ru, March 10). The move targeted primarily debt-burdened U.S. shale oil companies, which were already under pressure by the advancing COVID-19 pandemic. Moscow has long resented that the U.S. oil sector has continued growing unobstructed by cartel policies and has steadily overtaken Russia and Saudi Arabia as the world’s leading oil producer. Russian energy officials took advantage of the coronavirus spread globally to deal a blow to indebted American shale oil producers who need an oil price above $40 a barrel to remain solvent (Asia Times, March 18).But Moscow also needs an oil price above $40 to balance its budget (Lenta.ru, March 11), for which oil and natural gas revenues make up to 40 percent. The current budget is calculated at an oil price of $42 per barrel (Interfax, March 1), and that, combined with foreign currency reserves of $570 billion, could indeed provide a cushion—but only in the short term. A sizeable foreign currency reserve helped prop up Russia’s budget when the Organization of the Petroleum Exporting Countries (OPEC) drove oil prices down in 2014, targeting oil companies in the United States. The drop in oil prices then overlapped with the Western-imposed sanctions against Russia for invading Ukraine. The budget, calculated at an oil price of $96 per barrel at the time, had to be revised when oil prices dropped to $45 and revenues decreased by $160 billion, one third of Russian overall exports (Cbr.ru, May 2015, accessed March 25, 2020). Social spending programs had to be put on hold until oil prices recovered a few years later, resulting in increased social protests in 2018 and 2019 (Kommersant, June 22, 2019).Today, Russia is in a much riskier situation as its long-term financial stability is threatened if oil prices do not recover. The Kremlin evidently did not expect that its disagreement with Saudi Arabia would lead to a plunge below $20 per barrel. Officials are now playing down the long-term impact on the economy. Russia’s Finance Minister Anton Siluanov has said he is not concerned about the fall in oil prices, because Russian oil companies have recently accumulated a large safety cushion (RBC, March 20).If a price agreement is not reached soon, however, Russia’s prospects would be grimmer than in 2014–2015, because oil prices are 50 percent lower, Western sanctions remain in effect and new ones were introduced, and global oil demand has shrunk due to the coronavirus pandemic. In addition, Saudi Arabia has been successful in snatching some of Russia’s markets, including an oil purchase deal with Azerbaijan’s State-Owned Oil Company (SOCAR) (Ona.az, March 13). Not surprisingly, Moscow quickly settled price negotiations with Minsk and agreed to sell crude oil to Belarus at a significant discount of $15.70 per ton (Tut.by, March 23; see EDM, March 24).In the meantime, Russian oil companies have started revising their investment plans due to the collapse of oil prices. Lukoil was the first to admit it will have to cut investment by $1.5 billion, mainly for new projects. Its vice president, Leonid Fedun, said that with oil prices below $35 per barrel, oil production in Russia will begin to decline from 2022–2023 (Kommersant, March 20).It is becoming increasingly clear that if oil prices do not recover, President Vladimir Putin is unlikely to deliver on his promise to increase social spending. The plan, announced in Putin’s annual State of the Nation address on January 15, includes 4.1 trillion rubles ($65 billion at the time of the address) in social spending by 2024 to assist the poor, increase pensions, help families and boost the national birth rate (Kremlin, January 15).The period of economic hardship coincides with President Putin’s attempt to secure his position as de facto president for life, after he initiated changes to the Russian constitution (see EDM, January 16, March 16, 19). The authorities scheduled a nationwide constitutional plebiscite on the amendments for April 22, but this was subsequently delayed amid the coronavirus pandemic (Meduza, March 25). The COVID-19 outbreak in Russia and several weeks of inept or counterproductive government response—the authorities have been habitually hiding the facts and arresting activists who report on coronavirus cases—are making Russian citizens even more anxious. Putin suspended work for all non-essential laborers from March 28 to April 5 in an effort to curb the infection (Meduza, March 25). The pandemic will undoubtedly take an additional financial and social toll in a time of decreased oil revenues.last_img read more

French to slap 40-euro fee on drivers and couriers

first_imgThe French government’s decision to charge a €40 fee for every worker operating in France on a temporary basis – including coach drivers and couriers – when employed by a foreign company is a restrictive practice that will severely curtail the ability of UK operators, says the Freight Transport Association (FTA)French authorities intend to charge €40 per worker for companies providing services on the French soil which are established outside France, a move set to come into force from 1 January 2018 at the latest. It will apply to all workers, irrespective of their sector, who are temporarily working in France.The fee will be used to maintain a database to handle all documents required by French authorities. It is not known how often the fee will be charged per worker.“The fee of €40 per person is excessive and, simply put, is a protectionist measure designed to close the French transport market to any operator established outside of France,” says FTA Head of European Policy Pauline Bastidon.“It is nothing more than a protectionist tax benefitting the domestic French market, and we wholeheartedly oppose.”The FTA is calling on the European Commission (EC) to “react strongly” and speed up its ongoing legal case against France, to ensure that trade can continue to flow across borders in a seamless manner and to protect the integrity of the single market.Mr Macron’s new French government, due to be appointed yesterday (16 May), will have the power to reverse this decision, which was made by its predecessors.The new policy is the latest in a wave of protectionist legislation sweeping across France, Austria and Germany.last_img read more

Triathlon media ownership consolidates in the US

Inside Triathlon and Velo News publisher Inside Communications Inc has been acquired by Falconhead Capital, a private equity firm specialising in the sport, leisure, lifestyle, and media categories. Under the deal, Inside Triathlon and the rest of the Inside Communications portfolio will become part of Competitor Group Inc, a new endurance sport media and events platform created by Falconhead. Terms of the Inside Communications deal were not disclosed.Falconhead formed Competitor Group Inc on 7 January 2008, through three separate endurance-sport acquisitions. Following completion of the Inside Communications deal, Competitor Group’s publications will have a total monthly circulation of more than 500,000 and website traffic of more than 1.1 million unique visitors per month.Competitor Group’s endurance sport assets currently include: Triathlete Magazine, billed as the largest triathlete consumer magazine and online content provider, event organiser Elite Racing, and Competitor Publishing, which publishes regional endurance sport related magazines with controlled monthly circulation totalling around 450,000, and which also owns the Muddy Buddy bike/run relay events held each year at multiple locations around the US.The bringing together of Inside Triathlon and Triathlete Magazine clearly places Competitor Group and Falconhead at the helm of triathlon specific publishing.David Moross, Chairman and CEO of Falconhead, said that “the addition of Inside Communications will give Competitor Group (CGI) a major presence in the competitive cycling space. It will establish CGI as the unquestioned leader and go-to company spanning every sector of the endurance sport event and publishing industry for participants (both professional and amateur), fans and advertisers alike, with a unique and growing combination of endurance sport publishing, new-media and event properties.” In addition to Competitor Group, Falconhead’s investments include Extreme Fitness Inc, Our365 (formerly Growing Family), Escort Inc, and Premier Inc.Felix Magowan, who co-founded Inside Communications with John Wilcockson in 1987, said he was “delighted to partner with David Moross and his colleagues at Falconhead Capital, as well as with CGI Chief Executive Officer Peter Englehart” whom he has known since 1995.www.insideinc.com www.insidetriathlon.com www.triathletemag.com www.falconheadcapital.com   Related read more

On The Job In Los Alamos: Chuck Hannaford Of The New Mexico Office Of Archaeological Studies

first_imgOn the job in Los Alamos is Research Associate Chuck Hannaford ,from the New Mexico Office of Archaeological Studies, teaching young students Tuesday at Ashley Pond Park about Native-American life in New Mexico, as part of the History Adventures children’s summer program presented by the Los Alamos History Museum. The program includes hands-on history activities that has kids moving, making, thinking, sharing and learning every Tuesday morning through July at Ashley Pond Park. History Adventures is free and no registration is required. For more information, click here. #wherediscoveriesaremade. Photo by Ken HansonResearch Associate Chuck Hannaford from the New Mexico Office of Archaeological Studies, with Los Alamos History Museum Educator Aimee Slaughter, center, shows students archeological artifacts Tuesday at Ashley Pond Park as park of the History Adventures children’s summer program. Photo by Ken Hansonlast_img read more

Stoke City’s fond reception to the returning Bojan

first_img The former Barcelona player, in the same boat as Ibrahim Afellay, scored from outside the penalty area within five minutes of the match against lower league opposition. Bojan spent last season on loan with Alaves but the English side were delighted to see the player back in their colours as they look for a swift return to the Premier League next year. 14/07/2018 The Stoke supporters swapped ‘Bojan’ for ‘Football’ in their own personal take on the famous “Three Lions” song. CEST RELATED STORIES Brian Owen Homenaje de los seguidores del Stoke a Bojan “Bojan’s coming home.” This is what the Stoke City supporters chanted as they welcomed Bojan Krkic back to their team in the friendly against Walsall. Liverpool sharpen their attack with the addition of Xherdan Shaqiricenter_img Bojan wrote on Twitter: “Good to get some minutes into the legs and score my first goal of pre-season.” The player’s future remains up in the air as lots of sides are interested in the 27-year-old. The two scored for Stoke in their match against Swansea in April 2016 (2-2). Peter Crouch, who is attracting interest from the Australian League, scored the third goal for the Potters. Upd. at 20:22 IN SPORT.ES The last club to register their interest in him was AEK Athens but Stoke City supporters hope he stays following the sale of Xherdan Shaqiri to Liverpool. Yerry Mina’s future points towards the Premier League Bojan and Afellay both scored in the same match for Barcelona against Malaga in May 2011. That day Barça won 3-1.last_img read more