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Virgin Galactic stock crashes despite Richard Bransons space flight Virgin Galactic stock crashes despite Richard Bransons space flight

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Virgin Galactic stock crashes despite Richard Branson’s space flight

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Virgin Galactic shares, which were worth about $ 56 at the end of June, are now on offer for $ 32. Interestingly, just before Richard Brenson’s flight into space, which took place on July 11, stocks traded around the $ 50 mark, and then began to rapidly decline in price.

For example, yesterday Jeff Bezos, the former CEO of Amazon, along with other members of the New Shepard spacecraft, created by his space company Blue Origin, flew into space. After that, Virgin Galactic shares temporarily fell to $ 29, after which they returned to the $ 32 mark.

Despite the fact that Richard Branson made the first suborbent private flight, his ship rose to an altitude of 86 km above the Earth, so competitors did not recognize such a space flight. The shares fell by about 40% also due to the additional issue of shares. The day after the bidding, the company announced an additional issue of 10.16 million securities worth $ 500 million – at $ 49.2 per share.

Earlier, Richard Branson announced that he wants to build a hotel on the moon. The space tourism pioneer said building a hotel on the moon was something he had “always dreamed of.”

Virgin Galactic plans to launch space tourism in 2022.

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Wearables

No Apple Watch, Xiaomi, Amazfit or Huawei on the leaderboard, although Samsung has squeezed its way through. India’s smartwatch market looks very unusual and is changing rapidly

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No Apple Watch Xiaomi Amazfit or Huawei on the leaderboard

The Indian market is often different from the global one, and the smartwatch market is no exception. Here the leaders are not at all Apple, Garmin or Huawei.

No Apple Watch, Xiaomi, Amazfit or Huawei on the leaderboard, although Samsung has squeezed its way through.  India's smartwatch market looks very unusual and is changing rapidly

According to Counterpoint analysts, the Indian smartwatch market grew by an incredible 312% in the second quarter. How much it is in quantitative terms, unfortunately, is not reported.

And the leaders here are almost never found companies that are leaders in many other markets or globally. Moreover, in just one year, the smartwatch market in India has changed a lot.

The leader here now is Fire-Bolt with 27.7%, while a year earlier it occupied only 8.9%! Noise moved to second place with 26%, Boat rounded out the top three with 19.5%. All other companies have not even overcome the threshold of 4%. The top five also includes Samsung with 3.3% and Dizo with 2.5%.

If we talk about other companies, Realme increased sales by 76%, but fell to seventh place. Apple came in eighth with a 197% increase in sales, and interestingly enough, Pebble watches, which is now owned by Mensa, are in ninth.

No Apple Watch, Xiaomi, Amazfit or Huawei on the leaderboard, although Samsung has squeezed its way through.  India's smartwatch market looks very unusual and is changing rapidly

Of course, the above data is exactly that, because the source refers to smart watches all activity trackers that are made in the appropriate form factor. The lion’s share of them is not a full-fledged smart watch with an operating system.

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Xiaomi is in big trouble. The company’s net profit for the last quarter collapsed by 83%

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Xiaomi is in big trouble The companys net profit for

Xiaomi has been hit hard by the decline in demand in the smartphone market. As the company’s latest financial report showed, its net income has plummeted an incredible 83% to $204 million. This turned out to be even lower than the company’s own forecasts.

Xiaomi is in big trouble.  The company's net profit for the last quarter collapsed by 83%

At the same time, revenue fell much less: by 20%, to $10.3 billion, and this is insignificant, but higher than forecasts.

In China, shipments of Xiaomi smartphones fell by 22% last quarter, while the overall market there fell by 14.7%. The fall of Xiaomi was the most significant among the market leaders. Xiaomi also came under fire in India, where the government decided to ban Chinese smartphone makers from selling devices under $150. True, this has not yet had time to affect the Xiaomi business.

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The Galaxy S23 Ultra will indeed get a 200MP camera. Samsung allegedly confirmed this to its partners

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The Galaxy S23 Ultra will indeed get a 200MP camera

Samsung will indeed equip the flagship smartphone Galaxy S23 Ultra with its 200-megapixel sensor for the main camera.

The Galaxy S23 Ultra will indeed get a 200MP camera.  Samsung allegedly confirmed this to its partners

The source claims that Samsung has already confirmed this information to its partners. Recall that we have heard such rumors before. At the same time, it is not yet clear which sensor the Korean giant will use, but rumors said that this would be a solution that has not yet been announced.

The Galaxy S23 Ultra will be the only flagship device with such a camera, but that’s to be expected, as the latest generation S2x Ultra models have always had a different camera than the younger versions. At the same time, it is possible that the Galaxy S23 / S23 + can get 108-megapixel sensors, previously reserved for Ultra versions.

Recall, the other day Motorola introduced the first smartphone with a 200-megapixel camera. The Moto X30 Pro features the first of its kind Samsung ISOCELL HP1 sensor.

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