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5G smartphones to capture 50% of global market by 2023, says IDC

The worldwide smartphone market is expected to decline 9.5 per cent year over year in 2020 with shipments totaling 1.2 billion units, according to a recent International Data Corporation (IDC) report. The smartphone market, however, is expected to return to a full recovery by 2022 on the back of strong 5G push.

“On a positive note, IDC expects the smartphone market will return to a full recovery by 2022, and will achieve a compound annual growth rate (CAGR) of 1.7 per cent over the five year forecast, largely driven by the assumption that smartphones will continue to be the computing platform of choice for most of the world,” it said.

As per IDC report, 5G smartphones are expected to capture 50 per cent of the global market by 2023. It expects global 5G smartphone average selling prices (ASPs) to hit $495 by 2023, which would eliminate most of the price

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Unity Software shares surge 44% on Wall Street debut as IPO market sizzles

Shares of Unity Software, one of the leading platforms for video game developers, jumped 44% on their Wall Street debut Friday, becoming the latest in a flurry of tech IPOs that investors can’t seem to get enough of.





© Devolver Digital


Unity debuted on the New York Stock Exchange at $75 a share. On Thursday, ahead of the initial public offering, the shares were priced at $52. And just last week, the company said it expected to price shares between $34 and $42.

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Unity, which is trading under the ticker symbol “U,” is famous in the gaming world for its development software that studios use to create hits like “Fall Guys,” “Pokémon Go” and “Call of Duty: Mobile.” It sells that software to companies through a subscription plan and charges a starting price of $399 to $2,400 a year depending on the size of the studio. (It offers

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Amidst a Bad Job Market, India Emerges Second Fastest Growing Freelance Market in the World

A report by Payoneer shows that India registered a whopping 46 per cent increase in new freelancers between Q 1 and Q2 in AY 2020

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As the Covid-19 pandemic challenges traditional models of work, India has emerged as the second fastest growing freelance market in the world, as per a report by financial services company Payoneer.

Titled  ‘Freelancing in 2020: An Abundance of Opportunities’, the report shows that India registered a whopping 46 per cent increase in new freelancers between Q 1 and Q2 in AY 2020. Expectedly, growth rate of new freelancers joining the market between May and June was more compared to March to April as the country saw significant job losses in April and May as the

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The smartphone market is getting a buffeting: not all of it Covid-related, Digital Platforms & Services

Disruption is hitting the smartphone business. Like every other tech sector Covid-19 has struck some hard and others less so. That alone is enough to see rankings and prospects for different vendors change, but there are other disruptive forces out there to exacerbate things. Here’s some detail on the latest buffetings:

Qualcomm v. Huawei

Qualcomm is doing a victory lap having negotiated a back-dated and long-term patent agreement with Huawei which  gives the companies access to each other’s IP. The agreement ends a long dispute between the two with Qualcomm benefiting by $1.8 billion in the September quarter alone. That was enough to boost its share price by 13 per cent in the immediate wake of the news.

Although the US government has banned Huawei from buying Qualcomm chips, buying technology licenses is apparently OK. 

According to Qualcomm CEO, Steve Mollenkopf: “As 5G continues to roll out, we are realizing

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China Fastest Growing Digital Media Market in the World

LONDON—The growth of the global digital media industry has been significant over the last few years as content consumption on the internet gains in popularity, and nowhere has that been more evident than in China.

According to a report new data from Statista Global Consumer Survey, reported on by GoldenCasinoNews, the world’s five largest digital media markets—the U.S., China, Japan, the U.K. and Germany—are expected to reach $116 billion in value in 2020, an increase of $18.2 billion from the market’s value in 2017 ($97.8 billion). 

The digital media industry includes audio/visual media content distributed over the internet, including digital video content, music, video games and electronically published content.

The U.S. is still the largest market for digital media in the world, expected to reach a value of $51.3 billion in 2020, which is an increase of $6.9 billion since 2017. 

However, China, which is the second largest market,

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Box (BOX) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Box (BOX) closed at $19.03, marking a +1.12% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.91%. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 0.59%.

Prior to today’s trading, shares of the online storage provider had lost 0.79% over the past month. This has lagged the Computer and Technology sector’s gain of 8.52% and the S&P 500’s gain of 5.26% in that time.

Wall Street will be looking for positivity from BOX as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $189.44 million, up 9.79% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.50 per share and revenue of $764.60 million. These totals would mark changes of +1566.67% and +9.81%, respectively, from last year.

It is

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Etsy (ETSY) Stock Sinks As Market Gains: What You Should Know

Etsy (ETSY) closed the most recent trading day at $101.97, moving -1.71% from the previous trading session. This change lagged the S&P 500’s 0.91% gain on the day. Meanwhile, the Dow gained 0.85%, and the Nasdaq, a tech-heavy index, added 0.59%.

Coming into today, shares of the online crafts marketplace had gained 22.7% in the past month. In that same time, the Computer and Technology sector gained 8.52%, while the S&P 500 gained 5.26%.

ETSY will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.40, up 185.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $327.60 million, up 80.89% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.11 per share and revenue of $1.18 billion, which would represent changes of +46.05% and

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Wayfair (W) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Wayfair (W) closed at $217.92, marking a -1.04% move from the previous day. This move lagged the S&P 500’s daily gain of 0.91%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.59%.

Heading into today, shares of the online home goods retailer had gained 14.72% over the past month, outpacing the Retail-Wholesale sector’s gain of 11.98% and the S&P 500’s gain of 5.26% in that time.

Wall Street will be looking for positivity from W as it approaches its next earnings report date. This is expected to be August 5, 2020. On that day, W is projected to report earnings of $0.89 per share, which would represent year-over-year growth of 165.93%. Meanwhile, our latest consensus estimate is calling for revenue of $3.95 billion, up 68.58% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings

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4 Tech Stocks to Watch Out for in a Booming AI Market

On Jul 14, Amazon.com, Inc. AMZN launched smart shopping carts that track items and then charge customers for every item they place inside the basket. The move is in a bid to get a hold over the retail grocery industry with Amazon Go and the acquisition of Whole Foods.

Over the past couple of decades, AI has gained significantly and contributed to the robust growth in the tech sector. Today an increasing number of companies are banking on AI to better their products and services. The past couple of months have been all the more crucial for AI, which saw exponential growth as an increasing number of people resorted to technology following the coronavirus outbreak.

Amazon Takes the Lead

The new shopping carts, called Amazon Dash Carts, will track items as shoppers add them and then automatically charge them when they remove the grocery bags, allowing them to skip the

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Amazon (AMZN) Stock Sinks As Market Gains: What You Should Know

Amazon (AMZN) closed at $3,084 in the latest trading session, marking a -0.64% move from the prior day. This change lagged the S&P 500’s daily gain of 1.34%. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 0.94%.

Coming into today, shares of the online retailer had gained 20.65% in the past month. In that same time, the Retail-Wholesale sector gained 11.54%, while the S&P 500 gained 3.92%.

AMZN will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.70, down 67.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $81.28 billion, up 28.19% from the prior-year quarter.

AMZN’s full-year Zacks Consensus Estimates are calling for earnings of $20.08 per share and revenue of $349.44 billion. These results would represent year-over-year changes of -12.73% and +24.57%, respectively.

Any recent changes to analyst

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