The Galaxy Note7 fiasco left some serious consequences for the Korean giant. For the first time, Huawei has beaten them to become the world's most profitable Android device maker.
According to the new report from research company Strategy Analytics, the Q3 2016 shows a huge drop in profit for Samsung. Although they surpassed other Android smartphone manufacturers regarding volume and value of the devices they shipped, their profits dropped. The report notes that three other Android manufacturers reported a higher profit in the third quarter than Samsung.
To no one's surprise, Apple still holds the majority of the global smartphone profits. The report says Apple earned $8.5 billion in Q3, which is 91% of the total share. Huawei comes second with 2.4% of the share, or $200 million. Interestingly, Chinese manufacturer Vivo holds 2.2% of the share with just under $200 million, and the same results for Oppo in Q3 as well.
Samsung ended up in a joint group with other Android smartphone manufacturers who together hold 2.2% share.
Amazon is looking to extend its retail dominance into the Middle East with the rumors that it will be acquiring Souq.com, which some call the Amazon of the Middle East.
Bloomberg is reporting that Amazon will be making the $1 billion deal that would give it a large presence in the Middle East, in countries like Egypt, Saudi Arabia, and the UAE. Souq has been doing good things in the Middle East, overcoming issues we overlook in the US and around the world, like having to develop a new payment platform for a part of the world where credit cards aren't everywhere.
This means people can shop for products on Souq with prepaid cards sold at brick-and-mortar retail stores, topping them up when they need to. The other issue that needs to be considered is logistics, which is something that Amazon knows a little about - so I guess that means we can expect drones flying around in a country that doesn't have tight laws pressed on them like the FAA do in the US.
Xiaomi blew everyone's mind last month when they announced their Mi MIX phone, which whether you like it or not, brought some innovation and courage (not the "let's remove the headphone jack" courage) to the market.
However, the company, according to the recent report from the research firm IDC, is struggling with smartphone sales. Last year, they missed their global smartphone target by 12%, and this year's Q3 sales in China, which is their primary market, have dropped by 45%.
We asked Anshel Sag, Associate Analyst at Moor Insights & Strategy, what caused the drop in Xiaomi's smartphone sales.
Xiaomi has been facing stiff competition in China from makers like Huawei, LeEco, Oppo and Vivo. They have recently expanded into markets like India, but they need to be present in the European and North American markets if they want to protect themselves from the cutthroat nature of the Chinese smartphone market. They need to diversify, and fast. That's why you're seeing Xiaomi express interest in the American market, it's just taken them too long. Phones like the Mi MIX would absolutely raise the company's profile globally if they could launch it in the US.
Amazon has kicked off its massive Black Friday sales, claiming that it will have the lowest price on TVs from Samsung, LG, and Sony during their Black Friday promotions.
The big sales will kick off during Turkey 5, which starts on Thanksgiving, and runs through to Cyber Monday. Amazon has announced it started its Black Friday sales earlier this year, and will also extend them far beyond the Thanksgiving weekend - running the Amazon Black Friday 2016 promotions until December 22. Amazon is offering "new deals as often as every five minutes", and some of those deals are awesome.
If you have an Amazon Prime membership (which costs $99 for 12 months), then you'll get early access to Lightning Deals. As for the deals Amazon is running, check out some of these products:
- 32-inch 720p LED TV for $69.99
- Blue Yeti USB Microphone for $89.99 (originally $129.99)
- 55-inch LG 4K Smart TV for $398
- Amazon Echo for $139.99 (originally $179.99)
- Fire tablet for $33.33 (originally $49.99)
- 60% Off Inateck 4-port USB 3.0 Hub, Super Speed Data Transfer (Lightning Deal)
- $150 off a Delonghi Super Automatic Coffee Machine
- Fire HD 8 for $59.99 (originally $89.99)
- Kindle for $49.99 (originally $79.99)
- Kindle Paperwhite for $99.99 (originally $119.99)
- Sphero Star Wars BB-8 Droid for $99.99 (originally $129.99)
- Kindle Voyage for $169.99 (originally $199.99)
- Amazon Fire TV for $74.99 (originally $99.99)
- Fire TV Stick with Alexa Voice Remote for $29.99 (originally $39.99)
- Samsung SmartThings Hub for $49.99 (originally $99.99)
- Nest Thermostat 3rd Generation for $199 (originally $249)
Apple has built up even more courage leading up to the holidays, releasing a new $299 book that has 450 photos of Apple products - announcing the book 'Designed by Apple in California' on Apple.com, and select Apple retail stores.
There are two books available, with a $199 book that is a smaller 10.2-inch x 12.75-inch book, while the larger 13-inch x 16.25-inch book sells for $299. All of the photos were snapped by Andrew Zuckerman, showing off 20 years of Apple design "in a deliberately spare style".
Apple's chief designer and slow talker of courage, Jony Ive, explains the book as "a gentle gathering of many of the products the team has designed over the years", hoping that the book will be a "resource for students of all design disciplines".
You've probably checked your calendar to see if it's April 1st already, but it's not - so let's blow your mind by telling you that The Little Las Vegas Chapel has had quite the unusual ceremony, by marrying a man and his iPhone.
Aaron Chervenak had a commitment ceremony to "marry" his iPhone, with chapel owner Michael Kelly saying he has hosted other ceremonies with pets "getting married" or "weed weddings" where people profess their love for some 420, but the "iPhone marriage" was meant to be a statement on our dependence on mobile devices.
Kelly said: "[While] we really don't have many people [come in here] that marry inanimate objects. I think he wanted to explore [the question] 'can technology become human?' People are so connected to their phones ... and they live with them all the time. They're with them 24 hours a day. They go to sleep with their cell phone. They wake up with their cell phone, sometimes it's the first thing that they check".
NVIDIA beat analyst expectations with their recent earnings expectations, smashing the market with VR, consumer graphics cards, cloud services, driverless cars, deep learning, and more. This led NVIDIA to post its largest sales growth in six years, quite the result - and 24 hours later, NVIDIA stock is up by a huge 29.7% to $87.92 - a record high for the company.
Looking back at NVIDIA's stock market performance for the last 12 months, we can see that the build up after the May reveal of the GeForce GTX 1080 and GTX 1070 just didn't stop - NVIDIA stock was sitting at around $35 per share at the time of the GTX 10 series unveiling, to $41 per share on May 13 - and it didn't stop there. But the massive increase overnight of 29% is a massive deal, and I'm sure NVIDIA is popping champagne bottles open everywhere.
The 5-year graph is very interesting, as you can see that NVIDIA has been killing it throughout 2016 - at an unstoppable rate, too.
NVIDIA has had a massive 2016, and now they're reaping those rewards with Q3 2016 results that have blown analysts expectations away.
Analysts expected NVIDIA to hit $1.69 billion for the three-month period, but the company instead reached $2 billion - quite the difference. NVIDIA's gaming sector saw the biggest increase in revenue, especially compared to last quarter - with NVIDIA posting a huge 63% increase to $1.244 billion for the gaming sector.
Patrick Moorhead from Moor Insights & Strategy said: "NVIDIA had a stellar quarter and the company is hitting on all cylinders. GPUs and Tegra were up a combined 54% YoY driven by huge increases in gaming, datacenter and automotive with steady progress from pro graphics. It's hard to spot a hole right now in their lineup and as self-driving cars and machine learning become more popular, I believe NVIDIA will just keep improving".
Amidst the rubble of the 2016 presidential election, comes an interesting nugget of information from popular YouTuber Philip DeFranco. DeFranco was asked why he was not a part of the 2016 YouTube Rewind, and his answer might surprise you.
DeFranco said that the company that was behind YouTube Rewind, was the same company that offered him money to make a video supporting Hillary Clinton. The company in question is Portal A Interactive, and they state on their Facebook page that they collaborate with Hillary and the top YouTubers in order to hit the millennial voters.
I remember the day the biggest vlogger in the world uploaded a video to YouTube... when Casey Neistat came out in an utter surprise video that smelt, looked like, and now looks like was in fact, a paid advertisement by Hillary Clinton.
I don't know how it could get worse for Samsung after their Note 7 fiasco, but now the South Korean electronics giant is recalling 2.8 million top-loading washing machines in the US over a "risk of impact injuries" - yeah, Samsung washing machines could explode.
Samsung's top-loading washing machines are prone to detaching from the chassis during use, "posing a risk of injury from impact", according to Samsung and the United States Consumer Product Safety Commission. This detachment from the chassis could happen when the high-speed spin cycle is used, with Samsung receiving 733 reports of washing machines with excessive vibrations, or the top detaching.
Senior VP and GM of Samsung Electronics America's home appliances division John Herrington said in a statement: "Our priority is to reduce any safety risks in the home and to provide our customers with easy and simple choices in response to the recall. We are moving quickly and in partnership with the CPSC to ensure consumers know the options available to them and that any disruption in the home is minimized".