Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘china’ Category

No More Android Dessert

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Bloomberg’s jumped all over Apple’s upcoming new hardware: Pro iPhones, New iPads, a larger MacBook Pro.

Details: a refreshed iPad Pro with upgraded cameras, fasters chips. An entry level iPad with a bigger screen; new Apple Watch revs; first revamp to MBP in 3 years. Updates to AirPods and HomePod. Also Apple TV+ video and Apple Arcade gaming subscription service.

Could be a very long fall keynote.

If you’re an Android, however, no more desserts for you. The Keyword blog announced that the desserts were confusing to worldwide audiences. That’s right, no more gingerbreads, no more eclairs, no more donuts.

The next rev of the Goog’s mobile OS is simply: “Android 10.” Our Lord in AI Heaven, please don’t let Deep Mind have come up with that name.

And back to Chimerica, if you were looking to get in on some Alibaba IPO action, the Chinese-based firm has delayed its Hong Kong listing. And NO, not because the traders couldn’t get to the subway. But YES, because the unrest didn’t exactly present a convenient time for a massive and important stock float.

Check back with your broker in early October.

Written by turbotodd

August 22, 2019 at 9:59 am

Posted in 2019, alibaba, apple, china

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Brave New World

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Happy Monday. Bloomberg is reporting that Apple CEO Tim Cook made a “very compelling argument’
that Apple might lose its edge to Samsung because due to tariffs on Chinese goods. 

China’s apparently moving on, with The Verge reporting that Chinese smartphone makers Xiaomi, Oppo, and Vivo are collaborating on an AirDrop-style wireless file transfer protocol that will work between their devices with speeds of up to 20 MB/s. If you will, the Great Wireless Wall of China.

Also news on the crytocurrency front: Japanese e-commerce giant Rakuten has launched a crypto exchange for trading in bitcoin, ether, and bitcoin cash. And, Accenture is reporting that global fintech investments have dropped as Chinese fundraising has fallen sharply.

The U.S. remains the world’s biggest fintech market with $12.7B in first-half fundraising — such investments in China were at $820M, a huge fall from the $17.7B raised a year earlier.

Why the big drop? Increased U.S. scrutiny of foreign investments in the U.S., restrictions on Chinese firms’ access to U.S. tech, Huawei’s blacklisting, fears of a global recession and declining business capx investment (among others).

It’s a brave (and never boring) new world.

Written by turbotodd

August 19, 2019 at 10:34 am

Posted in 2019, apple, china, fintech

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The Harmony Hedge

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I wrote on Monday about the possible fork in the smartphone road between China and the rest of the world.

Today, at the Huawei Developer Conference in Dongguan, China, the company’s CEO, Richard Yu, made it official by unveiling “HarmonyOS.”

Though the OS is currently focused largely on IoT products (wearables, smart speakers, etc.), Yu explained that if and when Huawei can no longer access Google’s Android ecosystem, Huawei could deploy HarmonyOS at any time.

But the plan is to stay with Android. Until it can’t or won’t. 

HarmonyOS (formerly “HongMengOS”) is open source and microkernel-based, and Yu suggested onstage in Dongguan that Android wasn’t as efficient due to its redundant codes and general fragmentation issues.

Developers will be able to port their Android apps over to HarmonyOS using Huawei’s ARK compiler.

This is a serious chicken and egg proposition. Yu hasn’t given a full throated endorsement of HarmonyOS, avoided mentioning smartphones in the introduction, and clearly would prefer to avoid jumping off the Android ship.

But either because of market or political pressures, he has been pushed (quickly) by the powers that be to oversee a major OS hedge.

Statista’s latest estimate of the number of Chinese smartphone users exceeds 1B+, and last year China accounted for nearly half of app downloads.

I suspect Huawei (not to mention Google) clearly wants to hedge on this hedge.

Written by turbotodd

August 9, 2019 at 9:57 am

A Fork in the Smartphone Road

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Well, the Chimerica trade and technology war has been taken to new heights over the weekend, both in terms of policy and in global markets.

After President Trump raised the tariffs on China again, this time 10% on $300 billion in Chinese imports not covered by earlier rounds of tariffs on China, China is retaliating with both active and passive measures.

Passively, China is refusing to prompt up the devaluing Chinese currency, the yuan, allowing it to break through 7 against the dollar for the first time since prior to the Great Recession.

Actively, the Chinese Customs Tariffs Commission of the State Council has not ruled out import tariffs on newly purchased U.S. agricultural products after August 3 (this past Saturday).

While the American and Chinese leaders continue with their Great Game of Trade Chicken, Chinese state media has made an interesting announcement: That Huawei is testing a $288 smartphone running its self-developed HongMeng OS, which Reuters is reporting could go on sale later this year.

Could this eventually lead to a global fork in the smartphone OS market, which is currently largely dominated by Google’s Android (and on which most Chinese smartphones are based)?

Probably not in the short term, but longer term…?

Written by turbotodd

August 5, 2019 at 2:38 pm

It’s Tariff Time!

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TGIF. It’s a good day to take a quick glance at some key economic fundamentals that could impact the consumer tech landscape.

U.S non-farm payrolls rose by 164K in July, and the jobless rate held steady at 3.7% (near a 50-year low).

Average hourly wages for private-sector workers advanced 3.2% from a year earlier. GDP increased at 2.1% in the second quarter, down from 3.1% in the first.

Manufacturing output has declined since the end of 2018, and an overseas manufacturing decline could hold U.S. growth back.

The U.S.’ largest trading partner is now Mexico, not China — speaking of whom, President Trump hit the Middle Kingdom yesterday with 10% tariffs on $300 billion in Chinese goods that included consumer products like apparel, toys, and cellphones.

Yes, that means iPhones, too!

Current estimates suggest about a 15% increase on electronics like laptops, smartphones, etc.

They go into effect August 30th, so you have 28 days to shop ’til you drop for any bargains.

Wonder if Gazelle’s traffic is seeing a post-tariff bump!

Written by turbotodd

August 2, 2019 at 11:25 am

Apple’s Service, Vietnam’s Boon

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Apple made plenty of moolah in its fiscal Q3, some $53.3B, nearly half of that ($26B) from iPhones. The story: Its services was up 1% YOY to $10.2B. Wearables, Home, and Accessories generated $5.5B, a 50% YOY increase. Diversification for Apple, good, dependency on iPhone moolah, bad.

Contrast those numbers with Samsung’s, which posted an operating profit of $5.6B on revenue of $47.4B, down 4% YOY. Hurry up and make that Fold fold faster!

Some crypto news that caught my eye: Coindesk is reporting that Chinese importers in Russia are buying up to $30M a day of tether from Moscow’s OTC trading desks. They apparently use the cryptocurrency to send large sums back to China, and they use tether instead of bitcoin because tether is designed to maintain U.S. dollar parity.

Speaking of China, who’s now benefiting from Chimerica? Good morning, Vietnam!, where Samsung already assembles half its handsets. Vietnam has greatly benefited from the U.S. tariffs on China, and even Apple and Nintendo are also said to be shifting certain workloads from China to Vietnam. 

Written by turbotodd

July 31, 2019 at 1:55 pm

Posted in 2019, china, smartphone

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The GitHub Sanctions

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TechCrunch is reporting that GitHub (owned by Microsoft) has officially confirmed it is blocking developers in Iran, Syria, N. Korea, Cuba, and the Crimea from accessing private repos and paid accounts due to sanctions.

Hello, world.

Over the weekend, GitHub CEO Nat Friedman wrote on Twitter that like any other “company that does business in the US,” GitHub is required to comply with the U.S. export law. The confirmation comes months after work collaboration service Slack, too, enforced similar restrictions on its platform.

Public repos will apparently remain available to everyone.

On the funding front…Sales enablement platform MindTickle gets a $40M Series C led by Norwest Venture partners…On demand transport app Grab will invest $2B in Indonesia over the next five years…and the U.K.’s Just Eat is merging with Dutch rival Takeaway.com in a £9B deal that will see the creation of one of the world’s biggest online food delivery companies.

And finally…on the Chimerica front, Chinese social media ByteDance said today that it is developing a smartphone, as part of its deal with device maker Smartisan Technology.

Who needs an Android when ya gotta ByteDance?

Written by turbotodd

July 29, 2019 at 11:27 am

Posted in 2019, china, developers

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