Taiwan’s Foxconn, a key supplier to Apple, posted a better-than-expected 23 percentÂ rise in quarterly profit on Wednesday and forecast slight growth in its core business next year.
The latest solid showing from the world’s largest contract electronics manufacturer should ease investor concerns over weak global demand, as it comes on the heels of Apple’s positive earnings forecast for the year-end holiday quarter.
But the protracted Sino-USÂ trade war has kept global tech firms on their toes, prompting some to warn of lower sales and cut production.
Foxconn Chairman Liu Young-way told an investor conference after the quarterly results that he expects slight yearly growth in 2020 in its consumer electronics and smart devices business, which includes smartphones and TVs, thanks to “a stabilising global economic situation.” He did not elaborate.
Liu also said Foxconn hopes to boost its gross profit to more than 10 percentÂ in 3-5 years from 6-7 percentÂ now, citing a “transformation” plan which includes investment in areas including making parts for electronic vehicles and digital health.
Foxconn, Taiwan’s tech bellwether and second-biggest company by market value, reported a net profit ofÂ TWD 30.7 billion (roughly Rs. 7,100 crores) for the July-September quarter, versus an average forecast of TWD 27.75 billion (roughly Rs. 6,500 crores) by 12 analysts compiled by Refinitiv.
The company attributed the profit rise from TWD 24.88 billion a year earlier to improving margins from subsidiaries including handset maker FIH Mobile, which returned to profit in the third quarter.
“We predict an improving outlook for Hon Hai in 2020 thanks to better iPhone shipments,” KGI Securities said in a report ahead of the results, referring to Foxconn’s official name Hon Hai Precision Industry.
KGI expects iPhone shipments to grow up to 10 percentÂ in 2020 and said higher demand for new technologies such as fifth-generation (5G) mobile technology could also help Foxconn boost sales and margins.
Foxconn manufactures the bulk of Apple’s iPhones in China, and analysts estimate nearly half of its revenue comes from the USÂ firm.
More USÂ tariffs against China are set to take effect on DecemberÂ 15, although officials from both sides said they have agreed to roll back tariffs on each others’ goods if a “phase one” trade deal can be negotiated.
Liu did not elaborate on the trade war’s impact on Foxconn, but said it has to be “very flexible” in making adjustments in its global operations, noting it has factories in Vietnam and India.
Liu also said Foxconn would continue to invest in Wisconsin, dismissing speculation it may be considering scaling back such plans. He said in addition to flat screen panels, the company plans to invest in areas including high performance computing and data centres in the state.
Prior to the earnings announcement, shares in Foxconn, which has market capitalisation of around $41 billion, closed down 1.4 percentÂ on Wednesday, lagging the broader market.
Despite trade war concerns and generally sluggish global demand for electronics, the stock has gained nearly 27 percentÂ so far this year.
Â© Thomson Reuters 2019
Honor Hunter V700 With 10th-Gen Intel Core CPUs, 144Hz Display, Up to GeForce RTX 2060 GPU Launched
Honor Hunter V700 has been launched in China as the Huawei sub-brand’s first gaming laptop, part of its new Hunter series. The Honor Hunter V700 will be offered in three configurations and a single colour option. The gaming laptop has some stylish design choices that make it stand out. The bottom panel opens up a…
Honor Hunter V700 has been launched in China as the Huawei sub-brand’s first gaming laptop, part of its new Hunter series. The Honor Hunter V700 will be offered in three configurations and a single colour option. The gaming laptop has some stylish design choices that make it stand out. The bottom panel opens up a little to let more air in when the laptop is opened. There is a light strip around the rear corners and the keyboard has RGB lighting as well.Honor Hunter V700 priceThe Honor Hunter V700 is listed on VMall in three configurations. The Core i5 + GeForce GTX 1660 Ti + 16GB + 512GB model is priced at CNY 7,499 (roughly Rs. 81,600), the Core i7 + GeForce RTX 2060 + 16GB + 512GB model is priced at CNY 8,499 (roughly Rs. 92,500) and lastly, the Core i7 + GeForce RTX 2060 + 16GB + 1TB variant is priced at CNY 9,999 (roughly Rs. 1.09 lakh). It comes in a single Magic Night Black (translated) colour option. The Honor Hunter V700 is currently up for pre-orders in the China.As of now, it is unclear if and when the Honor Hunter V700 will come to markets outside China.Honor Hunter V700 specificationsThe Hunter V700 by Honor comes with Windows 10 Home Edition pre-installed. It features a 16.1-inch full-HD (1,920×1,080 pixels) IPS display with 144Hz refresh rate, 72 percent NTSC and 100 percent sRGB coverage. It has 300 nits of peak brightness and 81.1 percent screen-to-body ratio and standard 16:9 aspect ratio. The Honor Hunter V700 is powered by up to Intel 10th-generation Core i7-10750H CPU and up to Nvidia GeForce RTX 2060 GPU with 6GB VRAM. In terms of RAM, the gaming laptop comes with 16GB of DDR4 RAM, clocked at 2,666MHz and can be equipped with up to a 1TB SSD.Audio on the Honor Hunter V700 is handled by two speakers and the battery is 56Wh. It supports fast charging and Honor says it can be charged to 60 percent in 30 minutes. For connectivity, you get dual-band Wi-Fi 6, Bluetooth 5.1, 3.5mm headphone and microphone combo jack, two USB 3.0 ports, one USB 2.0 port, a USB Type-C port, an HDMI port, and a Gigabit Ethernet port. You also get a 720p webcam for video calls and a fingerprint scanner for quick logins. In terms of dimensions, the Honor Hunter V700 measures 369.7x253x19.9mm and weighs 2.45kg.Talking about the aesthetics, you get a keyboard with RGB backlighting, a multi-touch trackpad, a light strip around the back corners, and a slim grill above the keyboard. The bezels around the display are relatively thick that give ample space to house the webcam above the screen.Is Android One holding back Nokia smartphones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Acer Predator Helios 300, Predator Triton 300 Refreshed With 10th Gen Intel Processors in India
Acer Predator Helios 300 and Acer Predator Triton 300 gaming laptop models have been refreshed with a range of 10th Gen Intel Core processors in India. The laptop models can be equipped with up to Nvidia GeForce RTX 2070 Max-Q graphic cards and up to 240Hz refresh rate displays. Acer has made some improvements in…
Acer Predator Helios 300 and Acer Predator Triton 300 gaming laptop models have been refreshed with a range of 10th Gen Intel Core processors in India. The laptop models can be equipped with up to Nvidia GeForce RTX 2070 Max-Q graphic cards and up to 240Hz refresh rate displays. Acer has made some improvements in the cooling department as well, along with some other changes compared to the previous generation laptops. The refreshed Acer Predator Helios 300 and Acer Predator Triton 300 were originally released in the US and other regions back in June.Acer Predator Helios 300, Acer Predator Triton 300: Price in IndiaThe Acer Predator Helios 300 starts at Rs. 84,999. The Predator Triton 300 starts at Rs. 89,999 and this configuration includes Core i5-10300H CPU + Nvidia GeForce GTX 1650 Ti graphics card + 8GB RAM + 512GB storage. The two models are available at Acer Exclusive Stores, Flipkart, Amazon, Croma, Reliance, Vijay Sales, and Acer E-store.Acer Predator Helios 300 specifications, featuresThe Predator Helios 300 by Acer comes with Windows 10 pre-installed. It features a 15.6-inch full-HD IPS display up to 240Hz refresh rate and 3ms overdrive. It is powered by up to a six core and 12 thread 10th Gen Intel Core H-series processors and up to an Nvidia GeForce RTX 2070 graphics card with Max-Q design. It can be equipped with up to 32GB of DDR4 RAM clocked at 2,933MHz and two PCIe NVMe SSDs in RAID 0 configuration along with up to 2TB hard disk drive for mass storage. For connectivity, you get Killer’s E26001 Ethernet Controller, Killer Wi-Fi 6 AX1650i, Bluetooth 5.0, two USB 3.2 Gen 1 ports, a USB Type-C port (USB 3.2 Gen 2), and a USB 3.2 Gen 2 port with power-off charging. This laptop is backed by a 59Whr battery.The Acer Predator Helios 300 supports DTS:X Ultra Audio and delivers “high-end 360-degree surround sound”. The thermals are kept in check by two fans, one of which is a custom-designed 4th generation AeroBlade 3D fan that is said to reduce noise while increasing airflow. The fans can be manually adjusted as well through Acer CoolBoost.Acer Predator Triton 300 specifications, featuresThe Predator Triton 300 also features a 15.6-inch full-HD IPS display with 3ms response time and 240Hz refresh rate. The display also covers 100 percent of the sRGB color space. The Triton 300 is powered by a 10th Gen Intel Core H-series processor and up to an Nvidia GeForce RTX 2070 graphics card with Max-Q design. It supports up to 32GB of RAM using two soDIMM modules and up to 3TB SSD through three M.2 SSD slots. It also supports HDMI 2.0, mini-DP 1.4, and USB 3.2 Type-C connectivity. The Acer Predator Triton 300 comes with Killer DoubleShot Pro card as well. Other connectivity options include two USB 3.2 Gen 1 ports, a USB Type-C port (USB 3.2 Gen 2), and a USB 3.2 Gen 2 port with power-off charging.It is backed by a 59Whr battery as well. There are three heat pipes in this gaming laptop and two fans. One of them is a 4th Gen AeroBlade 3D metal fan that provides improved airflow. Acer’s CoolBoost technology is present here as well. Acer says the Predator Triton 300 also is 19.9mm thick and weighs just 1.7kg.Is Android One holding back Nokia smartphones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.
Flipkart Big Saving Days Sale 2020 Kicks Off: Best Offers on Mobile Phones, Laptops, and Other Electronics Deals
Flipkart Big Saving Days 2020 sale is back this week. The sale will be open until September 20, and will include hundreds of deals on top mobile phones, laptops, TVs, speakers, and more. The three-day sale is expected to be Flipkart’s last big sale before its upcoming festive season sales kick off. If you’re looking…
Flipkart Big Saving Days 2020 sale is back this week. The sale will be open until September 20, and will include hundreds of deals on top mobile phones, laptops, TVs, speakers, and more. The three-day sale is expected to be Flipkart’s last big sale before its upcoming festive season sales kick off. If you’re looking to pick up something, we’ve selected some of the best deals and offers available on Flipkart’s Big Saving Days sale today. The Walmart-owned company has tied up with State Bank of India to offer 10 percent instant discount (up to Rs. 1,250 per card) to the bank’s credit card users.Flipkart Big Saving Days September 2020 sale – Best offers on mobile phonesiPhone SE (2020)Apple’s iPhone SE (2020) is selling at a discounted price of Rs. 35,999 (MRP Rs. 42,500) during Flipkart’s Big Saving Days 2020 sale this week. In case you’re looking to switch to an iOS device at an affordable price point, the iPhone SE (2020) seems like a decent choice at this price point. It comes with a 4.7-inch Retina HD display and a single 12-megapixel rear camera. It also includes a 7-megapixel front-facing camera, and is powered by Apple’s A13 Bionic chip. You’ll be able to upgrade it to iOS 14 as well.Price: Rs. 35,999 (MRP Rs. 42,500)Samsung Galaxy A21sSamsung’s Galaxy A21s is down to Rs. 14,999 (MRP Rs. 17,999) on Flipkart during the Big Saving Days 2020 sale. Flipkart is also offering an additional discount worth up to Rs. 14,250 when you exchange your old device with your purchase. You can also pair your purchase with Google’s Nest Mini and grab it for as low as Rs. 1,999. Samsung Galaxy A21s comes with a quad rear camera setup and a massive 5,000mAh batteryPrice: Rs. 14,999 (MRP Rs. 17,999)Realme 6Realme 6 recently received a price cut in India, after the launch of Realme 7 series phones in the country. But in case you were on the fence, the available bundled offers during Flipkart’s Big Saving Days sale in September can help change your mind. Realme 6 (6GB, 64GB) is currently selling at Rs. 14,999 (MRP Rs. 17,999). You can pair your purchase with an exchange offer and receive another instant discount worth up to Rs. 14,250. SBI credit card users can avail 10 percent instant discount as well.Price: Rs. 14,999 (MRP Rs. 17,999)Redmi K20 ProRedmi K20 Pro is again available at Rs. 22,999 (MRP Rs. 28,999) on Flipkart’s sale. The Big Saving Days sale includes a bundled exchange offer that can help sweeten the deal further by up to Rs. 17,500. Redmi K20 Pro features a large 6.39-inch full-HD+ display, and is powered by Qualcomm’s Snapdragon 855 SoC, supported by 6GB of RAM. It includes a 48-megapixel triple rear camera setup and a 20-megapixel front-facing camera.Price: Rs. 22,999 (MRP Rs. 28,999)Oppo A9 2020If you’re in the market for an affordable Android smartphone, the Oppo A9 2020 is down to Rs. 13,990 (MRP Rs. 18,990) during Flipkart’s Big Saving Days 2020 sale this week. Flipkart is also offering up to Rs. 13,450 as an additional instant discount with your purchase. Oppo A9 2020 features a 6.5-inch display and a 48-megapixel quad rear camera setup. The phone is powered by Snapdragon 665 SoC, supported by 4GB of RAM.Price: Rs. 13,990 (MRP Rs. 18,990)Flipkart Big Saving Days 2020 sale – Best offers on laptopsAcer Aspire 7If you’re looking for a powerful, yet somewhat affordable, laptop for your work-from-home and gaming needs, the Acer Aspire 7 is selling at a discounted price of Rs. 57,990 (MRP Rs. 84,599) during Flipkart’s Big Saving Days 2020 sale. The laptop comes with a 15.6-inch full-HD display, and is powered by AMD’s Ryzen 7 processor. It includes 8GB of RAM and 512GB of SSD storage, with Windows 10 pre-installed. For graphics, there’s an Nvidia GeForce GTX 1650 card with 4GB of video RAM.Price: Rs. 57,990 (MRP RS. 84,599)Lenovo IdeaPad Gaming 3iIn case you’re in the market for something more powerful, the Lenovo IdeaPad Gaming 3i laptop is down to Rs. 78,990 (MRP Rs. 1,15,390) on Flipkart during the Big Saving Days September 2020 sale. The laptop comes with a 15.6-inch full-HD IPS display with anti-glare coating and 250 nits of peak brightness. It is powered by Intel’s 10th generation Core i7 CPU, supported by 8GB of RAM, and comes with a 1TB hard drive paired with a 256GB SSD. Windows 10 Home runs out-of-the-box and for graphics there’s Nvidia’s GeForce GTX 1650 card with 4GB of video RAM.Price: Rs. 78,990 (MRP Rs. 1,15,390)Flipkart Big Saving Days sale – Best offers on electronicsSamsung HW-T42E/XL 150W soundbarWhile most big-screen TVs look great, they can sound horribly low. A decent soundbar can help fix this though. Samsung’s HW-T42E/XL 150W sounder is down to Rs. 7,999 (MRP Rs. 16,990) during the Big Saving Days sale on Flipkart this week. The basic 2.1 channel soundbar comes with Bluetooth support and a remote control for basic operations.Price: Rs. 7,999 (MRP Rs. 16,990)Lenovo X18 TWS earphonesIf you’re eyeing an affordable pair of true wireless earphones, Lenovo’s X18 TWS earphones are down to Rs. 2,299 (MRP Rs. 8,999) on Flipkart right now. The earphones promise a total battery life of up to 24 hours, and a charging time of up to 3 hours. Lenovo X18 supports Bluetooth 5.0, and is rated IPX4 for water resistance.Price: Rs. 2,299 (MRP Rs. 8,999)Philips 43-inch full-HD smart TVIn case you missed it the last time around, Philips’ 43-inch full-HD smart TV is again available at a discounted price of Rs. 24,999 (MRP Rs. 55,990). SBI credit card users can avail an instant discount of 10 percent, while Flipkart is also offering a discount of Rs. 500 on all prepaid transactions. You can swap your old TV and get up to Rs. 16,000 as another instant discount. The TV comes with Netflix, YouTube, and other apps pre-installed.Price: Rs. 24,999 (MRP Rs. 55,990)Will we see blockbuster deals on Amazon, Flipkart during this festive season? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.Affiliate links may be automatically generated – see our ethics statement for details.