1. Samsung
The Mo Winne Lose
Samsung has predicted that its newly released smartphone, the Galaxy S3, will be on sale from nearly 300 mobile carriers globally by the end of July. The mobile phone company also believe the phone will receive worldwide shipments of 10m in the month of July. Launched at the end of May, the S3 rivals Apple’s iPhone and is the South Korean group’s fastest selling smartphone. The figures reflect shipments of the phone rather than carriers, unlike Apple, which records activations of each iPhone. Also, Samsung’s mobile division saw profits treble in January-March to $3.6bn (£2.3bn), accounting for 73% of group operating profit. Samsung said recently that the new Galaxy smartphones would contribute to second-quarter results and the mobile giant now overtakes Nokia as the world’s biggest mobile-phone maker in 2011. It aims to double its smartphone sales this year to nearly 200m phones.
2. Indian Rupee
India has announced the good news that a number of measures are being taken to strengthen the rupee, including foreign investment in government bonds being increased. Despite falling almost 25% in the past year, the Indian central bank has announced that sovereign wealth fund, endowment funds, pension funds and foreign central banks will boost the currency. Despite going through a rough patch in recent times, India’s economy can now look forward to sustained long-term growth should there be a fresh wave of economic reforms. Analysts have added that as long as India’s policymakers take care of these issues and boost confidence among investors, the country’s investment climate will support the currency.
3. Sony/Panasonic
Electronic manufacturing giants Sony and Panasonic are now joining forces to launch panels for TVs and large-sized displays. From 2013, both companies will begin production of organic light emitting diode (OLED). The panels are expected to replace liquid-crystal displays (LCD) screens. The news comes in good time, as both teams have reported huge losses, made worse by increased competition from rivals such as Samsung, decreasing their share of the market. Last month, Sony made a net loss of £3.5bn for the financial year up until the end of March, whilst Panasonic reported that its sales had dipped by 10% during the same period. However, both companies are optimistic that their partnership will flourish against all odds and are excited to be collaborating.
Will the Ma series
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