Technology is helping global communities recover during the pandemic

  • Businesses, universities, and communities around the world are innovating with digital technologies — including social media, mobile apps, analytics, and cloud computing — to cope with the pandemic. 
  • Yolande E. Chan, Arman Sadreddin, and Suchit Ahuja, researchers in business technology management, found many organizations are incorporating digital technologies into phases of their crisis management plans.
  • From identifying potential threats to containing crises, these technologies rely on community participation and infrastructure to helping global populations operate safely during this time.
  • Visit Business Insider’s homepage for more stories.

Amid the horrific public health and economic fallout from a fast-moving pandemic, a more positive phenomenon is playing out: COVID-19 has provided opportunities to businesses, universities, and communities to become hothouses of innovation.

Around the world, digital technologies are driving high-impact interventions. Community and public health leaders are handling time-sensitive tasks and meeting pressing needs with technologies that are affordable and inclusive, and don’t

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Samsung likely to post 35% surge in third-quarter profit as smartphone sales recover

Video: DAX Owner Mulls Bigger Index, New Rules (Bloomberg)

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By Joyce Lee



a person holding a sign: FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul


© Reuters/KIM HONG-JI
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) – Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd [HWT.UL], analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won (£7.04 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales.

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PREVIEW-Samsung likely to post 35% surge in Q3 profit as smartphone sales recover

By Joyce Lee

SEOUL, Oct 7 (Reuters)Samsung Electronics Co Ltd’s 005930.KS September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd HWT.UL, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35% to 10.5 trillion won ($9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3%.

While Samsung’s overall chip business was muted, analysts said orders from Chinese smartphone maker Huawei likely propped up sales. Huawei is likely to have built stockpiles before U.S. sanctions from mid-September prevented it from buying chips made using U.S. technology without a license, analysts said.

Last year Samsung’s chip business accounted for roughly

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Samsung likely to post 35per cent surge in third-quarter profit as smartphone sales recover

Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Samsung Electronics Co Ltd’s September-quarter profit likely surged more than a third, fuelled by strong smartphone sales and a rush order of memory chips from Huawei Technologies Co Ltd, analysts said.

Samsung, the world’s biggest memory chip supplier, is scheduled to announce preliminary July-September operating profit and revenue on Thursday.

Profit likely rose 35per cent to 10.5 trillion won (US$9.07 billion) from the same period a year earlier, according to Refinitiv SmartEstimate, derived from analyst estimates weighted toward those more consistently accurate. Revenue likely rose 3per cent.

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US technology stocks recover after early stumble

US stocks climbed on Thursday even as European shares hit a three-month low, with investors weighing the latest data on how coronavirus is affecting different regions of the global economy.

The tech-heavy Nasdaq Composite index fell as much as 1 per cent after the opening bell on Wall Street before recovering to end the day 0.4 per cent higher. The large-cap S&P 500 also reversed early losses to trade 0.3 per cent higher. Shares in Microsoft gained 1.4 per cent while Apple stock closed the day 1 per cent higher.

US stocks received a boost after Nancy Pelosi, the Democratic speaker of the House of Representatives, said she was “ready for negotiation” on a new coronavirus relief plan. Congressional leaders and the White House have so far failed to agree more fiscal stimulus for the US economy, and talks stalled several weeks ago.

US home sales reached an annualised rate

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