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Industry
News
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"work/learn-from-home" drives tablet sale to record
Tablets have evolved from the simple entertainment slate of the boom years into devices more capable of handling work and school tasks, which has broadened the choices consumers and commercial clients face when upgrading or buying new devices for the new normal.
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The latest Galaxy phones to cost $1,000 to $1,300
Samsung is touting the fancy phones, called the Galaxy Note20 and the Note20 Ultra, at a time that Apple is enjoying success with a $399 iPhone released in April. Google is also rolling out a $349 Pixel phone that has many of the same features as its more expensive model.
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Garmin reported paid millions of ransom to hackers
Unfortunately for Garmin, a recent data breach compromised its entire operation when an alleged cyber attack knocked many of its services and systems offline. And recent reports suggest that it may have been even more nefarious than we realized, saying that Garmin was forced to pay a multi-million-dollar ransom to get its files back.
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Virgin Atlantic files for protection in U.S. bankruptcy court
The bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month. The process is supported by a majority of the airline's creditors, and the company hopes to emerge from the process in September.
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U.S. trade deficit fell 7.5% in June
The Commerce Department said Wednesday that the gap between the value of what the United States buys and what it sells abroad fell 7.5% to $50.7 billion in June from $54.8 billion in May. Exports shot up an unprecedented 9.4% to $158.3 billion. Imports rose 4.7% to $208.9 billion.
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Analyst predicts memory market to slow down due to material shortage
DRAM shipment growth is projected to be flat q-q. Of note, hyperscalers’ data center investment concentrated on 1H20 due to a surge in non-face-to-face traffic amid the Covid-19 crisis. Therefore, as memory inventory levels at hyperscalers will likely exceed the appropriate amounts in 2H20, data center investment is expected to decline h-h.
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US PMI notching a third consecutive month of economic growth
The July PMI registered 54.2 percent, up 1.6 percentage points from the June reading of 52.6 percent. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth.
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Manufacturers will continue to bring supply chains closer to home
Before the start of 2020, a trend toward nearshoring to North America was emerging. Now, in the midst of the COVID-19 pandemic, we predict companies will not only continue this trend – they will also adjust their entire supply chains toward more geographically spread production.
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