Smartphone market contracts by record 22% in Q3 after jump in prices
The global smartphone market shrank by over a fifth in the third quarter, its biggest contraction ever according to IDC's preliminary calculations. Shipments were down 22.0 percent year-on-year to 255.3 million units, as the rise in prices put off many buyers. The market researcher expects the "worst is yet to come", with a return to growth not likely until 2028.
Smartphone market contracts by record 22% in Q3 after jump in prices
The global smartphone market shrank by over a fifth in the third quarter, its biggest contraction ever according to IDC's preliminary calculations. Shipments were down 22.0 percent year-on-year to 255.3 million units, as the rise in prices put off many buyers. The market researcher expects the "worst is yet to come", with a return to growth not likely until 2028.
Jio sets IPO price range to raise up to INR 302 billion
India's Jio Platforms has set the price range for its initial public offering of shares, at INR 1,065 to INR 1,119 per share. At the top of the range the sale of 270 million shares would raise a gross INR 302 billion (USD 3.2 billion).
Jio sets IPO price range to raise up to INR 302 billion
India's Jio Platforms has set the price range for its initial public offering of shares, at INR 1,065 to INR 1,119 per share. At the top of the range the sale of 270 million shares would raise a gross INR 302 billion (USD 3.2 billion).
Netflix to lay off around 1,000 employees
Netflix is planning to cut around 1,000 jobs worldwide, trimming its workforce by 6 percent in the face of slower growth for the streaming company. The plans were disclosed in an email from co-CEOs Greg Peters and Ted Sarandos to staff that was seen by the Wall Street Journal and later confirmed by the company. The CEOs said that most of cuts would come in the product, tech, legal and human-resources teams.
Netflix to lay off around 1,000 employees
Ericsson returns to sales growth in Q3 with revenues up 6%
Ericsson reported a return to sales growth in the third quarter, helped by mobile network contracts in Asia. Sales increased 6 percent year-on-year to SEK 59.5 billion and were up 7 percent on an organic basis. Profits were still lower year-on-year, after a one-time gain a year ago from the sale of Iconectiv. The adjusted EBITA margin dropped to 10.1 percent from 15.8 percent a year earlier, and net profit halved, to SEK 5.8 billion from SEK 11.3 billion.
Ericsson returns to sales growth in Q3 with revenues up 6%
Australia passes universal outdoor mobile coverage legislation
Australia has passed legislation requiring its three national mobile network operators to provide reasonable and equitable access to baseline outdoor mobile voice and SMS coverage across the country, including areas beyond the reach of terrestrial networks. The Universal Outdoor Mobile Obligation (UOMO) will apply to Telstra, Optus and TPG Telecom, with a default commencement date of 1 December 2027. The framework is intended to extend connectivity into regional and remote areas through low Earth orbit sate
Australia passes universal outdoor mobile coverage legislation
Eir registers peak 5G speeds of over 2 Gbps in busy city locations
Irish operator Eir has achieved peak fibre-like speeds of over 2 Gbps on its 5G mobile network at selected high-footfall locations across Dublin (Grafton Street), Cork (St Patrick's Street), Galway (Eyre Square), Limerick (O'Connell Street) and Waterford (Barrowstrand Street). The testing is part of the company's wider investment to improve the speed, capacity and resilience of its nationwide mobile and fibre networks.
Eir registers peak 5G speeds of over 2 Gbps in busy city locations
Boost Mobile teams with Mike Tyson for new brand campaign
US mobile carrier Boost Mobile, an EchoStar company, has partnered with former boxer Mike Tyson on a new brand campaign. The 'What's Your Plan?" plays on his famous quote that "Everybody has a plan until they get punched in the mouth" - with Boost Mobile claiming that customers are getting punched in the mouth by hidden fees, confusing small print and contract traps.
Boost Mobile teams with Mike Tyson for new brand campaign
Openreach connects more Scottish premises through R100 programme
The Scottish government's Reaching 100% (R100) programme has provided full-fibre broadband access to over 7,600 additional hard-to-reach homes and businesses in Perth & Kinross; over 1,600 premises in Angus; over 2,000 premises across the Falkirk region; more than 7,200 premises across Fife; more than 6,200 premises across the Highlands; and over 3,600 hard-to-reach homes and businesses on Orkney. The R100 project is being delivered by Openreach.
Openreach connects more Scottish premises through R100 programme
BBC News channel launches on YouTube in UK, US
The BBC has announced the launch of the BBC News channel on YouTube in the UK and US. Making the BBC News channel available to stream live on YouTube will help expand access to impartial, trusted journalism. The trial launches on 15 October, providing YouTube viewers in the UK and US with extensive coverage of domestic and international news, politics, business, technology, culture and breaking news.
BBC News channel launches on YouTube in UK, US
UK Sovereign AI Fund invests in security start-up Augur
The UK's Sovereign AI Fund is investing in Augur, UK sovereign software analytics platform created to protect public spaces and critical national infrastructure. Augur has developed specialist detection and tracking capability which uses machine learning and AI to detect unusual behaviour and track incidents across multiple sensors. The Sovereign AI Fund will also provide Augur with access to the Isambard-AI supercomputer, allowing the company to train larger and more complex datasets from multiple cameras.
UK Sovereign AI Fund invests in security start-up Augur
Megafon reports increased sales of wireless headphones
Russian operator Megafon said that sales of wired headphones are falling in its shops. In January to September of this year, their share of sales dropped from 30 percent to 18 percent. Meanwhile, wireless models continue to gain ground among consumers. TWS (True Wireless Stereo) earbuds remain the most popular format, accounting for 69 percent of sales, up from 60 percent the previous year. Furthermore, sales of wireless over-ear headphones grew by 12 percent year-on-year, while sales of wireless in-ear (ca
