Smartphone apps processor revenue surges in quarter two

The global smartphone applications processor (AP) market once again defied the COVID-19 pandemic and grew 20% in revenue terms to $5.8 billion in quarter two (Q2) of 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.

The research group says that Qualcomm, HiSilicon, Apple, MediaTek, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in the quarter. Qualcomm maintained its lead of the smartphone AP market with a 32% revenue share, followed by HiSilicon with 22% and Apple with 19%.

Strategy Analytics estimates that smartphone AP shipments declined 16 percent year-on-year in Q2 2020, driven by COVID-19-led weakness. However, increased mix of higher-priced 5G APs more than offset this weakness and helped the AP market to register 20 percent year-on-year revenue growth.

Smartphone APs with on-device artificial intelligence (AI) registered strong growth even as the total market declined and accounted

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States that reopened sooner, such as Texas, Arizona and Florida, experienced summer surges, report says — ScienceDaily

For every two deaths attributed to COVID-19 in the U.S., a third American dies as a result of the pandemic, according to new data publishing Oct. 12 in the Journal of the American Medical Association.

The study, led by researchers at Virginia Commonwealth University, shows that deaths between March 1 and Aug. 1 increased 20% compared to previous years — maybe not surprising in a pandemic. But deaths attributed to COVID-19 only accounted for 67% of those deaths.

“Contrary to skeptics who claim that COVID-19 deaths are fake or that the numbers are much smaller than we hear on the news, our research and many other studies on the same subject show quite the opposite,” said lead author Steven Woolf, M.D., director emeritus of VCU’s Center on Society and Health.

The study also contains suggestive evidence that state policies on reopening early in April and May may have fueled the

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Dow Jones Surges 300 Points as Apple iPhone Event Approaches, Cisco Stock Shakes Off Downgrade

A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average (DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.

Tech giant Apple (NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems (NASDAQ:CSCO) were also higher despite an analyst downgrade.

5G text over earth.

Image source: Getty Images.

Apple surges ahead of iPhone event

If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,

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Twilio surges 6% after it agrees to acquire Segment for $3.2 billion

Jeff Lawson, co-founder and CEO of Twilio, launched his business during the recession.
  • Twilio surged to record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.
  • “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said.
  • The deal is expected to close in the fourth quarter of 2020.
  • Visit Business Insider’s homepage for more stories.

Twilio hit record highs on Monday after it agreed to acquire Segment for $3.2 billion in an all-stock deal.

Segment is a data platform that provides businesses with a unified customer view “to better understand customers and engage more effectively,” Twilio said.

“By joining forces and applying our customer data platform to Twilio’s engagement cloud, we’ll be able to make the entire customer experience seamless from end-to-end,” Segment

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When Your Last $166 Vanishes: ‘Fast Fraud’ Surges on Payment Apps

Charee Mobley, who teaches middle school in Fort Worth, Texas, had just $166 to get herself and her 17-year-old daughter through the last two weeks of August.

But that money disappeared when Ms. Mobley, 37, ran into an issue with Square’s Cash App, an instant payments app that she was using in the coronavirus pandemic to pay her bills and do her banking.

After seeing an errant online shopping charge on her Cash App, Ms. Mobley called what she thought was a help line for it. But the line had been set up by someone who asked her to download some software, which then took control of the app and drained her account.

“I didn’t have gas money and I couldn’t pay my daughter’s senior dues,” Ms. Mobley said. “We basically just had to stick it out until I got paid the following week.”

In the pandemic, people have flocked

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Market Wrap: Bitcoin Surges on Square News to $10.9K; December Ether Options Pile Up

CoinDesk 20 Bitcoin Price Index

Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration.

  • Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,532-$10,962
  • BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.

Bitcoin’s price popped Thursday, led higher almost immediately following the announcement that payments firm Square had invested $50 million to purchase 4,709 BTC. The development pushed the price per 1 BTC to as high as $10,962 before settling to $10,890 as of press time. 

Read More: Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment

Related: The Market Reacts to Square’s $50M Bitcoin Buy

“News that Jack Dorsey’s Square has purchased about $50 million worth of bitcoin is a definite positive that appears to have

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Wealth Management M&A Activity Surges To Record Levels

The third quarter of 2020 will be remembered as one of the most unique periods of merger and acquisition activity in the history of the wealth management industry.

There were a record number of deals in Q3 – 55 transactions in total, according to the latest ECHELON Partners RIA M&A Deal Report – which surpasses the previous high of 53 deals that our research tracked in Q4 2019.

This record period comes directly after just 35 deals took place in Q2. This 57% increase in quarter-over-quarter M&A activity also registers as one of the sharpest increases in the industry’s history, marking a major rebound after the COVID-19-related market declines delayed and prolonged normal deal-making activity, as the figure below illustrates:

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IT Giant TCS Surges to Record After Unveiling $2 Billion Buyback

(Bloomberg) —

Tata Consultancy Services Ltd. surged to a record high after the Indian giant announced a share buyback of as much as 160 billion rupees ($2.2 billion) and said technology spending was recovering faster than anticipated.

Asia’s largest software outsourcing provider reported a larger-than-expected 7% fall in net income to 74.7 billion rupees in the September quarter. But Chief Executive Officer Rajesh Gopinathan said IT budgets were bouncing back and growth should accelerate as clients spend on digital services such as cloud migration, security and work tools to trim costs and adjust to a post-pandemic environment.



a man wearing a suit and tie: Tata Consultancy Services CEO Rajesh Gopinathan Presents First Earnings Since Mistry Court Ruling


© Bloomberg
Tata Consultancy Services CEO Rajesh Gopinathan Presents First Earnings Since Mistry Court Ruling

Like Infosys Ltd. and Wipro Ltd., TCS is struggling to serve global financial services giants and corporate clients after a nationwide lockdown forced hundreds of thousands of their employees to work from home. But spending is loosening as

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Aliro Surges Ahead As The Leader In Quantum Network Technologies With New Products, Research, and Funding

“The quantum internet will enable transformative applications with wide-ranging societal impacts, including physics-based secure communications, ultra-precise long-baseline astronomy, and advances in medical imaging,” said Aliro Quantum CTO Prineha Narang, PhD. “But to build these networks, telecom and government organizations have an immediate need for accurate simulation and emulation tools. Aliro is proud to unveil pioneering research and simulation products, significant milestones on our mission to make quantum technologies accessible with a write-once-run-anywhere cloud platform.”

Aliro will introduce two new quantum simulation products with superior usability and accuracy to help quantum R&D departments significantly reduce the time and budget associated with distributed quantum computing development:

  • Aliro™ Q.Compute (AQC) is a hardware-independent quantum computing development environment with an intuitive UX, access to a variety of quantum computing backends, and a robust set of optimization schemes. AQC’s noise-expert compiler makes the necessary transformations to quantum circuits, freeing quantum R&D teams of constraint considerations
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Tech investment surges to unprecedented levels due to COVID-19

Global companies spent around $15 billion extra a week on technology during the pandemic’s first wave, Harvey Nash/KPMG CIO survey finds.

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Image: Harvey Mudd/KPMG

Global IT leaders spent around $15 billion extra a week on technology to enable safe and secure home working during COVID-19, according to the 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in history— with the world’s IT leaders spending an additional 5% more of their IT budget to deal with the COVID-19 crisis, the survey said.

The technology leadership survey of over 4,200 IT leaders analyzed responses from organizations with a combined technology spend of over $250 billion. It also found that despite this huge surge of spending and security and privacy being the top investment during COVID-19, four in 10 IT leaders report that their company has experienced more cyberattacks.

Over three-quarters of these attacks were from

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