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Research company Counterpoint Technology Market Research reported that smartphone output declined in the third quarter, while push-button phones, which had a smaller set of functions, on the contrary, grew. Smartphones were released 5% less than a year earlier. The largest decline - by 7% - was observed in Latin America. China has remained the leader in supplying smartphones, but its decline has been recorded for 5 quarters already. India ranked second, ahead of the United States. At the same time, shipments of push-button phones worldwide grew by 3% to 112 million units. In the Middle East and Africa, their growth was 32%. The countries of this region and India accounted for more than 70% of their total supplies to the world market.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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