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On December 22nd, Uber announced a partnership with Baidu to test self-driving taxis in the UK. This follows Waymos launch of tests in London this month. Uber stated on Monday that it plans to launch a pilot program in London in the first half of 2026, using Baidus Apollo Go RT6 self-driving taxis. The company said the service is expected to launch in London by the end of next year. Uber abandoned its independent development of self-driving technology in 2020, instead partnering with several self-driving taxi companies. Uber CEO Dara Khosrowshahi stated in an interview this month that the company plans to offer self-driving services in more than 10 markets by the end of next year.The yield on Japans 20-year government bond rose 5.5 basis points to 3.025%.Thailands automobile production rose 11.06% year-on-year in November (compared to 14.17% year-on-year growth in October).On December 22, the State Administration for Market Regulation released a new version of the "Model Text of Custody Contract" (GF-2025-0801). The new version balances the rights and obligations of both parties by adding and refining relevant clauses, providing a fair and reasonable textual reference for standardized contract signing and honest performance. Addressing the diverse types of custodied goods, their varying values, and potential special storage requirements, the model text details the storage location and methods, the acceptance of custodied goods, and includes a "Custodied Goods Delivery and Inspection Form" as an appendix, stipulating that the condition of the goods must be confirmed in writing upon delivery, thus reducing the risk of disputes from the outset.The Hang Seng Index turned lower, while the Hang Seng Tech Index is currently up 0.53%. Concepts such as optical communication, gold, chips, nuclear power, and non-ferrous metals are among the top gainers, while concepts such as innovative drugs, retail, and home appliances are weakening.

Samsung introduces foldable smartphones to preserve its market dominance

Charlie Brooks

Aug 11, 2022 10:58

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Samsung Electronics (OTC:SSNLF) presented its most recent high-end foldable smartphones on Wednesday, maintaining the same cost as last year in a bid to secure its leadership in a growing niche market.


The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99 and its 5G-enabled flagship Galaxy Z Fold4 with a 7.6-inch primary display at $1,799.99 in the United States, the same prices as last year's models.


TM Roh, president and head of mobile experience at Samsung (KS:005930) Electronics, commented, "We have effectively transformed this category from a risky venture to a worldwide popular product line."


The Galaxy Z Flip4 and Z Fold4, as well as the company's newest earbuds, Galaxy Buds2 Pro, will be widely available beginning on August 26 in the United States, areas of Europe, and South Korea.


This year, global shipments of foldable smartphones are estimated to climb to 16 million units, representing just 1.2% of the 1.36 billion smartphone units expected to be shipped, but an increase over 2017's sales of 9 million foldables.


Although analysts forecast a downturn in the global smartphone business this year due to consumers' decreased spending, foldable smartphones are anticipated to perform better because of their unique form factor, enormous screens, and portability.


In the first half of 2022, Samsung led the foldable smartphone market with a 62% share, followed by Huawei with 16% and Oppo with 3%. According to Counterpoint, after the new releases Samsung's share in the second half will be about 80%.


In the second half, Samsung anticipates that sales of foldable phones would exceed those of its previous flagship smartphone, the Galaxy Note.


Apple (NASDAQ:AAPL) will be Samsung's key competitor in the future, and we predict the release of an Apple foldable device around 2024 or 2025, according to Jene Park, a senior analyst at Counterpoint.


Samsung noted that its newest models make it easier for consumers to use popular applications such as Microsoft's Instagram and Outlook (NASDAQ:MSFT).

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