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Global industrial profits collapsed due to China Global industrial profits collapsed due to China

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Global industrial profits collapsed due to China

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In July-September this year, the net profit of the world’s leading industrial companies decreased by 9% compared to the same period last year, mainly due to a slowdown in China. This is the fourth quarter in a row with a decline in profits, according to the Japanese business newspaper Nikkei, citing the calculations of its experts.

The analysis showed that the worst situation was in the chemicals industry, where profits in the third quarter fell 43% compared to the previous year. A noticeable reduction was also noted in the production of electronic equipment (12%) and machine tool manufacturing (10%). At the same time, in the non-industrial sector, net profit increased by 16%.

Global industrial profits collapsed due to China

Image by Midjourney

Analysts reviewed the key indicators of 13 thousand leading companies from the USA, the European Union, China and other countries, which form 90% of the total value of all shares on world stock exchanges. The deterioration in results is primarily due to China. In addition, according to Nikkei, there are concerns about the environment in the US, where high interest rates are becoming a barrier to new investment.

According to China’s statistics, the GDP growth rate in 2021 reached 8.4%, the highest level in the last 10 years. However, the impact of negative factors, including the pandemic, reduced the dynamics to 3% in 2022. The official target for the current year is set at 5%.

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Three cheap smartphones and all without AMOLED. Infinix Hot 40 lineup unveiled

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Three cheap smartphones and all without AMOLED Infinix Hot 40

In addition to the ultra-cheap Smart 8 HD smartphone, Infinix also presented a whole line of budget models: Hot 40.

Three cheap smartphones and all without AMOLED.  Infinix Hot 40 lineup unveiled

It includes the junior model Hot 40i, basic Hot 40 and Hot 40 Pro. Pricing hasn’t been announced yet, but the company says they’ll all cost less than $200.

Three cheap smartphones and all without AMOLED.  Infinix Hot 40 lineup unveiled

Hot 40 Pro, as expected, looks the most interesting. There is a camera with a resolution of 108 megapixels, a 120 Hz screen, and 8/128 or 8/256 GB of memory. The device is also equipped with a 5000 mAh battery with 33-watt charging, Helio G99 SoC and a 6.78-inch Full HD+ display.

The Hot 40 is similar to the older model, but it has a screen with a frame rate of 90 Hz, is based on the Helio G88 and a 50 MP camera. The remaining parameters are identical.

Three cheap smartphones and all without AMOLED.  Infinix Hot 40 lineup unveiled

The younger model Hot 40i is more different. The heart here is the less productive SoC Unisoc T606, the basic amount of RAM is 4 GB, although there is also a version with 8 GB, the screen here has HD+ resolution with a diagonal of 6.56 inches and supports a frame rate of 90 Hz, and charging power is limited to 18 W. Other parameters are the same as Hot 40.

It is also worth noting that all models received IPS screens.

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In 2024, Huawei will “rewrite industry history.” The company will release “advanced, innovative and revolutionary products”

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In 2024 Huawei will rewrite industry history The company will

For almost five years now, Huawei has been under strict American sanctions, and all this time the company has worked tirelessly. Now it may be time for a major push. At least the words of Yu Chengdong, CEO of Huawei’s consumer business group, indicate exactly that.

 In 2024, Huawei will “rewrite industry history.”  The company will release

Photo: iStock.com/lcva2

At Huawei’s annual reporting conference, Yu Chengdong promised to rewrite the history of the industry and announced completely new revolutionary devices. The top manager said the following verbatim: “When the time comes, you will see how we can rewrite the history of this industry. I hope to continue to exceed everyone’s expectations and do what others can’t even think of, or what they can’t do, or even what they don’t dare do.” And we were not talking about some distant future, but about 2024.

There are no specifics yet. But one of the breakthroughs could be the release of our own single-chip systems with 5G support – very well-established insiders are talking about this. Moreover, SMIC is rumored to be preparing to produce 5nm SoCs for Huawei. If this really happens, it can be called a breakthrough for the entire period of Huawei’s existence under sanctions. And next year, new, and far from trivial, cars are expected to be released on Huawei platforms and with the proprietary HarmonyOS operating system.

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Phones

This ultra-cheap $75 smartphone offers a “premium” design and a 90Hz screen. Infinix Smart 8 HD unveiled

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This ultra cheap 75 smartphone offers a premium design and a

Infinix has announced the Smart 8 HD smartphone with a price of just $75. At the same time, the device is equipped much better than many smartphones priced at $100-120.

This ultra-cheap $75 smartphone offers a

But it’s worth starting not even with this, but with design. As you can see, Infinix does not betray itself and even made an ultra-budget smartphone so that it stands out: the back cover seems to have a relief pattern. The company itself even uses the expression “premium design,” but this, of course, is on its conscience.

This ultra-cheap $75 smartphone offers a

From a technical point of view, the device is not bad, and for such a price it is very good. It is based on the Unisoc T606 SoC, which scores about 240,000 points in AnTuTu 10. There is 3 GB of RAM, 64 GB of flash memory, a 13-megapixel main camera and a 5000 mAh battery. And the 6.6-inch screen with HD+ resolution also supports a frame rate of 90 Hz. In addition, there is an element that imitates the Dynamic Island of the iPhone.

It remains to add that the dimensions here are 164 x 75.6 x 8.5 mm with a weight of 184 g.

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