Smartphone sales to dip 20%

Mr Chanon, centre, promotes three new Oppo models of 5G-enabled smartphones.
Mr Chanon, centre, promotes three new Oppo models of 5G-enabled smartphones.

Thailand’s smartphone market is expected to decline 20% this year as the pandemic takes a toll on customer sentiment and 5G-enabled smartphone adoption, says Chinese smartphone maker Oppo.

5G-compatible handsets are expected to gain momentum by the first quarter next year, driven by devices priced lower than 10,000 baht, affordable 5G data packages and users’ demand for a rich experience.

Korean smartphone giant Samsung last month rolled out Galaxy S20 FE5G with a base price of 23,900 baht for its flagship S20 model. Apple is expected to unveil a 5G-compatible iPhone 12 this month.

“Smartphones have seen less impact from the pandemic than other sectors,” said Chanon Jirayukul, senior executive vice-president of Oppo Thailand.

“The smartphone market is likely to see a drop of 20% in 2020 from 14 million units in 2019, assuming there is not a second

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Dow soars 359 points as investors buy the dip in tech stocks

  • Major US stock indexes climbed on Friday, driven by a surge in technology stocks.
  • Still, Friday’s increase wasn’t enough to lift them into positive territory for the week. Both the S&P 500 and Dow Jones industrial average notched their fourth straight weekly decline.
  • Equities have come under pressure in recent week as investors monitor rising COVID-19 cases overseas and in the US.
  • Putting additional pressure on stocks is Congress’ likely inability to pass another round of fiscal stimulus before the November election.
  • Watch major indexes update live here.

Stocks climbed on Friday, driven by the same sector that’s led markets lower over the past month: technology. Investors bought the dip and pushed major indexes firmly into positive territory after tepid trading in the morning hours.

Still, Friday’s gains weren’t enough to salvage a positive week. The S&P 500 and Dow Jones industrial average both notched

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Stocks Rise as Dip Buying Tempers Stimulus Concern: Markets Wrap

(Bloomberg) — Stocks climbed as dip buyers emerged after the market slide, tempering concern over a cloudy outlook for a U.S. stimulus package.


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The S&P 500 rebounded from session lows and the Nasdaq 100 outperformed as giants Apple and Tesla jumped at least 2.1%. Industrial, consumer-discretionary and financial shares also gained. Carnival and Royal Caribbean Cruises rallied after being upgraded at Barclays, which said the “worst is in the past” for cruise companies. The benchmark gauge was still on track for its fourth straight weekly decline — the longest losing streak since August 2019. The dollar headed toward its best week since April.

Equities fell earlier Friday as a last-ditch attempt by Democrats and the White House to restart negotiations on new stimulus drew skepticism in Congress that a deal could be reached and written into law by the November election. There’s a perception that the two sides

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