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Smartwatch market soars by 27% in Q2 led by Apple

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The global smartwatch market soared in Q2 of 2021 by 27 percent compared to the same period last year; a growth that is primarily led by Apple Inc., according to a recent study.

The figures that were published earlier last week by Hong Kong-based global research firm, Counterpoint Research, considers this hike as a full recovery from COVID-19’s effect on the market.

The study findings show that Apple increased its market share by 6 percent, which is said to help in the overall market growth. 

The iPhone maker’s success was mainly driven by Apple Watch Series 6 and SE, that both amounted 12.9 million units, representing 40 percent market share in Q4 2020.

Additionally, Apple Watch’s user base crossed the 100-million mark for the first time at the end of June, capturing the lion’s share of the smartwatch global market, Counterpoint Senior Analyst Sujeong Lim highlighted.

“The U.S. continues to be the key Apple Watch market, contributing to more than half of its user base, with an attach rate of close to 30 percent,” Lim added.

Furthermore, South Korea’s Samsung ranked second with an increase in its share by 1 percent YoY, rebounding in the latter half of the year with the launch of its Galaxy 3 Watch.

Remarkably, China-based Huawei shipments grew by 26 percent on YoY despite U.S. sanctions. HONOR, previously owned by Huawei, also performed well, with shipments doubling since 2019.

Other Chinese brands such as Amazfit and Xiaomi also performed well, enjoying double-digit growth, as per the study.

Hala is a journalist and an editor with experience in the news industry. She enjoys writing motivational stories aiming to inspire people to overachieve.

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Italy’s TIM Asks KKR to Clarify Terms of Bid by April 4 – Sources

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Italy’s TIM asks KKR to clarify terms of bid by April 4 – sources
MILAN (Reuters) – Telecom Italia (TIM) has asked KKR to clarify by Monday whether the 10.8 billion euro ($12 billion) price the U.S. fund indicated in its takeover approach for Italy’s biggest phone group is still valid, two sources close to the matter said.

TIM’s board on Tuesday was briefed about discussions with KKR while also receiving information about an alternative proposal from rival private equity firm CVC for a stake in TIM’s enterprise services business.

The sources said TIM and its advisers had concerns about whether KKR’s offer stood after the New York-based fund included a reference to recent market volatility in its latest letter to TIM. KKR declined to comment.

The people said TIM in a letter sent to KKR late on Monday asking to confirm the bid’s price had also sought details on the financing of the offer, which amounts to 33 billion euros when including debt, after KKR said it did not plan to make extensive recourse to debt.

TIM and KKR are at odds over the nature of a due diligence analysis the U.S. fund has asked to perform on the group’s financial data before making a formal bid, the sources said.

In its letter on Monday TIM asked KKR to confirm its due diligence would only have a confirmatory nature.($1 = 0.9021 euros)


MILAN (Reuters)

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SeaBubbles Launches UAE’s Edition of Hydrogen Flying Boat

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SeaBubbles unveiled on Friday X-Pearl as the United Arab Emirates (UAE) first flying boat operated by hydrogen at the Dubai International Boat Show.  

This new type of boat symbolizes the future of green mobility by merging the vibrations of sailing and flying for a zero-wave, zero-emission navigation, and zero-noise.  

As such, X-Pearl purchases the most upgraded innovations, in addition to advances with a neat hydrogen power train to allow guests to experience a brand-new method of indulging a trip.  

SeaBubbles’ inspiration comes from the UAE’s pearl diving market. X-Pearl celebrates this considerable heritage by offering a real treasure of technology, which is a particular version to honor the Emirates’s tradition and vision. 

“This occasion notes the initial steps of a brand-new period regarding hydrogen movement leading the roadway to COP28, in addition to vital companions for the supply of Environment-friendly hydrogen,” Virginie Seurat, vice-head of state of SeaBubbles.  

She added: “Diving via the pearls trading heritage of the UAE offers a different chance to experience among one of the most technology-driven societies of our modern-day globe– one that agrees to check out as well as pursue advancement.”  

In addition, the company is enrolled in this trip by offering treatment of different movements, along rivers, in a natural remedy of technology. Skimming on the SeaBubbles X-Pearl is as smooth for the guests as it is for the environment, which is a feeling that reflects a state-of-the-art zero-emission flying pearl over the water.  

It is worth mentioning that SeaBubbles showed how cutting-edge technologies could offer a greener future. It achieves that by having its hydrogen fuel cell produce electricity for the internal systems, and a battery pack supports it during flight to balance power needs.  

This hybridization emits water and strives to rely on renewable energy sources. The balks decrease moistened surface area, joining in optimizing the onboard power usage, representing a saving of 35 percent of necessary power for the same speed as a traditional boat.  

More reports note that SeaBubbles intends to transport up to eight passengers smoothly and safely in the outstanding comfort of a tablet of technology, at the iconic hubs of the convenience of a luxury car, the comfort of a fast boat, and the strength of a plane.  

This new technology contains the latest innovations with a clean hydrogen powertrain to let passengers experience a new way of traveling, flying beyond the water with full resilience and in silence, with regard for nature and in accord with the environment. 

As a final point, the boat works by flying on underwater wings that raise the vessel like a plane would take off and departs with no polluting emissions in the air thanks to its electric-hydrogen energy. 

“Urban movement goes to the center of significant cutting-edge study worldwide. From air pureness to way of life convenience, the capacity for development is tremendous and forms the future of our cities. What can we do to modify? We can embrace brand-new methods of checking out our all-natural facilities. Considering the start of time,” said the vice-head of state of SeaBubbles.  

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CNH Industrial sets up India Tech Centre

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CNH Industrial inaugurated its new India Technology Center in Gurugram, southwest of New Delhi’s capital, in the country’s northern region. It is an essential part of its global research and development (R&D) footprint focusing on product development and digital solutions.  

This strategic hub is the first of its sort in the country for CNH Industrial, supplied with the most delinquent technology and qualifications, including a vehicle simulation, innovation center, and a state-of-the-art extended reality/virtual reality laboratory to help global technology-led projects.  

In addition, the center started operations in March 2021; the collection of extra design development spaces for additive manufacturing, entrenched software, User Interface & User Experience (UI/UX), and data analytics, with advanced simulation abilities, are predicted.  

This location will play a strategic part for joint measures with its sister R&D centers worldwide to leverage and innovate the digital ecosystem and leading-edge technology in India, with improved efficiencies to aid customers.  

“The India Technology Center is essential for us, especially with the war for talent. Our India presence will help solve our talent issue across the planet to some extent. This center is necessary for the fact that it will innovate for the region and the country,” said Marc Kermisch, Chief Information Officer and ad interim Chief Technology & Quality Officer, CNH Industrial.  

He further added that the unit would design leading-edge technologies, including data analytics, embedded electronics, and software, to support our Indian business and the company’s global product portfolio.  

CNH International has had its presence for more than two decades. With close to thirty R&D centers worldwide, the company has four centers in India. However, the ITC will be the first for the country.  

“India’s extensive potential, succeeding economic expansion, and highly-skilled talent pool drive it to become an appealing market for the development and expansion of our business,” said Chun Woytera, President Asia Pacific, CNH Industrial.  

“In the last ten years, CNH Industrial funded particularly in our Indian manufacturing, R&D, supply base and supply chain development, among other areas. The new Technology Center will strengthen our vision of making India a technology hub, in addition to an industrial hub, as it provides the relevant competencies to support the Agriculture and Construction sectors,” he stressed. 

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