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Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.The world's biggest smartphone maker forecast 2022 first-quarter operating profits of about KRW 14.1 trillion (roughly Rs. 88010.012 crore), up from KRW 9.4 trillion (roughly Rs. 58492.834 crore) in the same quarter last year. Samsung did not provide details on the performance of its various divisions. The company is expected to release its…

Telecom regulator TRAI on Monday recommended a 35 percent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670MHz band, at Rs. 317 crore per MHz. Releasing its much-awaited recommendations, TRAI said that all available spectrum in the existing bands of 700MHz, 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, 2500MHz and the new spectrum bands of 600MHz, 3300-3670MHz and 24.25-28.5GHz, will be put to auction."To provide flexibility to the telecom service providers, block size of 10MHz for 3300-3670MHz band and…

The worldwide PC market saw a decline of 7.3 percent in shipments during the first quarter of 2022, which totalled 77.5 million units, according to preliminary results by Gartner. Reportedly, this time last year, the PC market registered its highest growth in decades, but this time it was a challenging quarter for the PC and Chromebook market to achieve growth, as per the report. Excluding Chromebooks, the worldwide PC market grew by a modest 3.3 percent year-over-year. The report, however, shows growth in business PCs…

The smartphone market in India had a tough start to the year due to the supply constraints and witnessed a small 2 percent increase in shipments for the January-March period (Q1) in 2022, shows a report by market research firm Canalys. Following past trends, Xiaomi enjoyed the lion's share of the smartphone shipments in India, while Samsung secured the second spot. Realme took third place marking a strong growth of 40 percent year on year (YoY) increase in shipments. Other BBK subsidiaries, Vivo and Oppo, managed to get…

The Refurbished Global Smartphone market saw a surge in demand as well as supply in 2021, according to a report. Refurbished smartphone shipments have witnessed a 15 percent yearly growth, whereas new smartphone shipments grew 4.5 percent in the year. It could be seen that the larger consumer section has shown more inclination towards buying refurbished smartphone models of popular brands like Apple and Samsung in 2021.According to the Counterpoint's "Refurbished Smartphone Tracker", Latin America and India lead with the…

Amazon on Wednesday said it will impose an average 5 percent fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising costs.It is Amazon's first such surcharge and follows months of higher wage and labour-related expenses that have chipped away at the online retailer's profit.Effective April 28, Amazon will charge an average 24 cents more per unit it stores and ships through its Fulfillment by Amazon (FBA) service. The surcharge, which is not permanent, is…

Facebook parent Meta Platforms will charge creators around 47.5 percent on sales of digital assets and experiences made inside the company's virtual reality platform Horizon Worlds.The overall charge comprises of 30 percent hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets, and a further 17.5 percent cut as its Horizon platform fees, a Meta spokesperson told Reuters on Wednesday.On Monday, the tech giant said it would start testing tools for…

Online food delivery platform Zomato on Friday announced 100 percent 'plastic neutral deliveries' from April 2022 onwards, while also setting a target to deliver more than 10 crore orders in sustainable packaging over the next three years. The company recognises that it is important to start promoting biodegradable and other non-plastic alternatives to make them become as affordable and available as plastic is today, Zomato Founder and CEO Deepinder Goyal said in a blog post."From now on, every meal you order through…