Global Smartphone Production Sets Highest QoQ Growth in Recent Years with 20% Increase in 3Q20 with Apple set for Strong Calendar Q4

 

In 3Q20, the smartphone industry benefitted from the gradual easing of pandemic containment measures worldwide, the arrival of year-end holiday season, and the expanded production targets by smartphone brands looking to capture Huawei’s lost market share, according to TrendForce. These factors together drove up global smartphone production to 336 million units in 3Q20, a 20% increase QoQ, which is the highest QoQ growth in recent years.

 

Looking ahead to 4Q20, TrendForce believes that the Huawei sanctions will continue to influence the smartphone market. The competing brands will remain aggressive in component procurement and maintain a high production level.

 

In Q3-20 Apple posted a small QoQ increase of 2% in its iPhone production to 42 million units for 3Q20. This result mainly has to do with the delay in the launch of the iPhone 12 series.

 

Regarding 4Q20, Apple will substantially improve its performance. Although the models under the 12 series

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Chinese Smartphone Maker Xiaomi Sets Hong Kong Top-Up Record

Chinese mobile phone maker Xiaomi has raised US$3.9 billion in Hong Kong’s largest-ever top-up share sale. The company is looking to raise cash to allow it to expand at a time it is winning business away from rival Huawei Technologies.

Xiaomi shares, listed as HK:1810 with a U.S. ADR XIACY, were briefly suspended in morning trading Wednesday in Hong Kong. Details of the offer were announced at lunchtime, a weird break from the normal after-the-close practice.

The shares fell as much as 12% but recovered to a 7.1% loss by the close, not quite matching the 10% discount of the new shares. Xiaomi was the most active stock traded in Hong Kong, helping drag the benchmark Hang Seng index down 0.1% for the day.

Xiaomi in the third quarter became the world’s third-largest smartphone seller, with 13% of the market last quarter, according to Counterpoint Research. Its 46.2 million units

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Marc Benioff Sets His Sights on Microsoft

SAN FRANCISCO — Five years ago, Marc Benioff negotiated to sell Salesforce, the software company he co-founded in 1999 and has run ever since, to Microsoft. If the deal had gone through, he would have been richly rewarded — but, in the end, just another employee of the tech colossus.

With Tuesday’s news that Salesforce was buying Slack for $27.7 billion, Mr. Benioff did something much more difficult. He is now set to directly compete against Microsoft, one of the world’s most valuable companies, in its own favored territory.

Microsoft has been slugging it out with Slack in the pandemic-fueled rush to enable remote collaboration through communications tools. The faster the nature of work transforms, the more valuable victory will become, and the fiercer the competition.

Mr. Benioff, 56, does not appear to be fazed. Or maybe he is in denial. In a 30-minute interview after announcing the Slack deal

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Seattle biotech firm Silverback Therapeutics sets terms for IPO, looks to raise up to $151M

Laura Shawver, CEO of Silverback Therapeutics. (Silverback Photo)

Silverback Therapeutics plans to raise up to $151.8 million in its initial public offering, the Seattle-based company said Monday in an updated IPO filing.

The biotech firm will aim to sell 6.95 million shares at $17 to $19 per share. It would be valued at $566 million at the midpoint of the proposed stock price range.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback raised $210 million in venture capital over its lifetime as a private company, including an $85 million round in September, led by EcoR1 Capital; and a $78.5 million

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Chinese education technology group 17 Education & Technology Group sets terms for $288 million US IPO

17 Education & Technology Group, which provides online K-12 tutoring services in China, announced terms for its IPO on Friday.

The Beijing, China-based company plans to raise $288 million by offering 27.4 million ADSs at a price range of $9.50 to $11.50. New investor China Pinnacle Equity Management plans to purchase $80 million worth of ADSs in the offering. At the midpoint of the proposed range, 17 Education & Technology Group would command a fully diluted market value of $2.2 billion.

17 Education & Technology’s smart in-school classroom solution delivers data-driven teaching, learning, and assessment products to teachers, students, and parents across 70,000+ K-12 schools. The company covered approximately 56% of the primary schools, 60% of the middle schools, and 7% of the high schools using smart in-school classroom solutions in China in the 1H20.

17 Education & Technology Group was founded in 2012 and booked $152 million in revenue

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Nanoform launches technology for biologics and sets new near-term business target for 2021

HELSINKI, Nov. 27, 2020 /PRNewswire/ — Nanoform Finland Plc (“Nanoform“), an innovative nanoparticle medicine enabling company, today announced a proprietary technology that can form biological nanoparticles as small as 50 nm and announced a new near-term business target for 2021 to deliver its first biologics Proof of Concept project for this new technology with a pharmaceutical or biotech partner.

As drug molecules become more complex so do the options to deliver them. This novel nanoparticle formation technology provides hope for improving the possibilities and probabilities of developing better medicines for patients and it expands Nanoform’s reach into the growing biological market. The technology is in its early stages of development and a patent application has recently been filed with the US Patent Office for the technology. As of today, Nanoform has two non-GMP lines on the biologics side in addition to the eight CESS® small molecule

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AppsFlyer Exceeds $200 Million in ARR and Sets Its Sights on Shaping the Future of the Marketing Tech Stack

SAN FRANCISCO–(BUSINESS WIRE)–Nov 24, 2020–

AppsFlyer, the global attribution and marketing analytics leader, today announced Salesforce Ventures joined its roster of investors in a late stage extension of its $210 million series D round led by General Atlantic earlier this year, to continue its velocity through product innovation with consumer privacy at the forefront.

As shifting privacy policies and regulations transform the marketing landscape, AppsFlyer has been experiencing increased demand for its expanding suite of products, including holistic attribution, marketing analytics, fraud protection, incrementality measurement, and customer experiences and engagement tools, while connecting app developers to more than 8,000 partners via its marketplace.

The AppsFlyer platform is rapidly becoming a core component in the most advanced marketing tech stacks. Ecosystem shifts and digital transformation accelerated by COVID-19 have fueled the growth of AppsFlyer’s groundbreaking solutions to meet the needs of marketers and app developers. These include innovative, privacy-centric attribution

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Smartsheet sets sail in round-the-world race with female skipper, and its first sports sponsorship

British sailor Pip Hare and her yacht which is partially sponsored by Bellevue-based Smartsheet. (Instagram Photos via @piphareoceanracing)

In taking on its first sports sponsorship, Bellevue, Wash.-based collaborative work management company Smartsheet chose an athlete, sport and event which all key on buzzwords well suited to inspiring its own workforce and customers.

Determination. Problem-solving. Resilience.  

Pip Hare will need all of that and more as she sails around the world by herself in the non-stop Vendée Globe yacht race. She’s doing it in a boat that is partially sponsored by Smartsheet, whose name is emblazoned on the craft’s foresail.

The 24,296-mile race — billed as the greatest in the world and the “Everest of the seas” — started Nov. 8 in Les Sables d’Olonne, France. It has featured female skippers just seven times since 1989. Hare is among six women competing this year against 27 men.

“This is Smartsheet’s first

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Comcast sets data caps for D.C., Northeast states

Comcast initially responded to this trend by giving people relief from data caps, which have already been in place across the central and western U.S. for a few years. That reprieve ended in July, and now the company is expanding its controversial data thresholds to the new region starting next year.

Comcast Xfinity customers in New York, Virginia, Maryland and 11 other northeastern states, plus D.C., will be able to use up to 1.2 terabytes of data each month before they start getting charged more, regardless of what speed plan they use. After that, data will be charged at $10 for 50 gigabytes, up to a maximum of $100 additional each month.

Comcast says with that much data, you could stream five hours of 4K video every day for a month, or take part in 3,500 hours of video conferencing.

“I would think that companies should never be implementing nickel-and-diming

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Pandemic has forced producers to bring new technology to sets

A week ago Monday, cast and crew of the Amazon series “Goliath” gathered to check in for a day of filming at Santa Clarita Studios.

Despite the pandemic, the fourth season of the show is back in action, thanks in part to technology that helps track COVID-19 testing for hundreds of cast and crew members, including stars such as Billy Bob Thornton.

As people arrived on set, a COVID safety officer scanned color-coded IDs with embedded chips that could be read by portals stationed around the set. The chips would collect and track data on the movements of cast and crew in case any of them came into contact with someone who tested positive for the disease.

This system, called Safe Set, was recently launched by Culver City-based Greg Guzzetta, a former production manager who spent the last decade providing public safety technology for live music events.

After the pandemic

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