Silver Lake to invest 5,655 crore in Jio Platforms

After last month’s announcement from Facebook that said that it will buy 9.99% equity stake in Jio Platforms for $5.7 billion or INR 43,574 crore, today private equity firm Silver Lake has announced that it will invest Rs. 5,655.75 crore / US$ 747 million into Jio Platforms for 1.15% stake. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore / US$65 billion and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. Continue reading “Silver Lake to invest 5,655 crore in Jio Platforms”

Xiaomi denies claims of data collection in Mi Browser

In a recent Forbes cybersecurity article, researchers claimed to have discovered proof that Xiaomi was collecting a worrying amount of information from its native smartphone browser application. This included not only aggregated usage analytics, but even personally identifiable information. Xiaomi has come out with a statement denying the claims outright, explaining in the blog post about how they do not collect any such information.

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Samsung Galaxy M21 gets a price cut in India

Samsung launched the Galaxy M21 smartphone in March India. Now the phone has received a price cut in just over a month of launch. Samsung Galaxy M21 is now available starting at Rs. 13199, compared to recent price of Rs. 14,222 after the GST hike. To remind you, the phone was launched at a price of Rs. 12999. Continue reading “Samsung Galaxy M21 gets a price cut in India”

OnePlus Z 5G smartphone said to be announced in July [Update: Could be powered by Snapdragon 765G]

Update, 1st May 2020- A new leak suggests that the OnePlus Z 5G will be powered by the Snapdragon 765G Mobile Platform instead of the MediaTek Dimensity 1000L SoC as rumoured earlier. More details should surface in the coming days. Continue reading “OnePlus Z 5G smartphone said to be announced in July [Update: Could be powered by Snapdragon 765G]”

POCO M2004J11G passes through EEC, could be POCO F2 [Update: M2004J11g appears on TKDN Certification]

[Update: 1 May, 2020]: M2004J11G has been now spotted on TKDN, Indonesia smartphone certification, last month same smartphone appeared on EEC. Recently, official Global account name was changed from POCOPHONE Global to POCO, hinting towards the release of a new product.

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JioMeet video conferencing app to launch soon

The usage of video conferencing apps have increased lately with people staying at homes and these business apps crossed 62 million downloads last month. Reliance Jio’s ‘Jio Meet’ is the newest entrant in this segment and is set to take on popular video conferencing apps like Zoom, Google Meet, Microsoft Teams, and more.

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Worldwide smartphone shipments fall below 300 million, down 11.7% YoY in Q1 2020 due to COVID-19

Worldwide smartphone shipments decreased 11.7% year over year in Q2 2020, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. In total, companies shipped a 275.8 million smartphones during quarter making this is the largest annual (year over year) decline ever and the first time smartphone market has fallen below 300 million units in a quarter since Q2 2014. This is mainly due to COVID-19 pandemic and the peak of the lockdowns in China, which extended to the rest of the world by the end of the quarter. Continue reading “Worldwide smartphone shipments fall below 300 million, down 11.7% YoY in Q1 2020 due to COVID-19”

Apple reports $11.2 billion profit on $58.3 billion revenue in FY Q2 2020, iPhone sales decline due to COVID-19

Apple has reported quarterly revenue of $58.3 billion, up 1% over last year with a net profit of $11.2 billion, down 3.11% YoY and earnings per diluted share of $2.55 for the financial year Q2 2020 that ended March 28, 2020. During earnings call Tim Cook said that it has posted an all-time record Services revenue of $13.3 billion with all-time records in many of Services categories and in most countries. Continue reading “Apple reports $11.2 billion profit on $58.3 billion revenue in FY Q2 2020, iPhone sales decline due to COVID-19”

Intel 10th Gen Comet Lake Core i3, i5 and i7 desktop processors with turbo speeds up to 5.3GHz announced

Intel has finally launched their 10th Gen Intel Core Comet Lake S-series processors for desktop, with its flagship Core i9-10900K processor that can turbo boost up to 5.3 GHz. These processors have many technologies like Intel Thermal Velocity Boost, Intel Hyperthreading Technology, Intel Ethernet Connection I225, Intel Wi-Fi 6 AX201 and more.

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How to install MIUI 12 live ‘Super Wallpaper’ on any Android phone?

Xiaomi introduced its next-generation custom Android skin – MIUI 12 earlier this week and it brings improved visual effects, new wallpapers, privacy improvements, and more. One of the interesting addition in MIUI 12 is the new live ‘Super Wallpaper’ that indeed looks gorgeous. While it was designed exclusively to Xiaomi devices, thanks to developers at XDA who have ported the same to all android smartphones. In this post, we will show you how to install the MIUI 12 ‘Super Wallpaper’ on your android device. Continue reading “How to install MIUI 12 live ‘Super Wallpaper’ on any Android phone?”

Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20

Reliance Jio has reported Rs. 14,835 crore revenue, up 6.2% QoQ and 26.6% YoY and a net profit of 2,331  crore, up 177.5% YoY for last quarter that ended 31st March 2020. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 6,201 crore, up 10.7% QoQ, EBITDA margin of 41.8%, and Standalone earnings before interest and tax (EBIT) of 4,033 crore, up 6.0% QoQ . Consolidated value of services stood at 17,454 crore, up 6.0% over trailing quarter. It has 388 million subscribers as of 31st March 2020, with addition of 24 million during 4QFY20. Continue reading “Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20”

Amazon Pay Later instant credit line launched in India

Instant Credit line has become popular among consumers lately, thanks to several platforms like LazyPay, Simpl, Mi Credit, realme PaySa, CRED Stash, and more offering instant credit to users. On similar lines, Amazon Pay is the newest entrant in this segment and has announced its instant credit line in India – Amazon Pay Later.

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Xiaomi Mi Note 10 Lite with 6.47-inch FHD+ AMOLED display, Snapdragon 730G, 64MP quad rear cameras, 5260mAh battery announced

Along with the Redmi Note 9 series, Xiaomi also introduced the Mi Note 10 Lite smartphone, as it had promised. It packs a 6.47-inch Full HD+ curved AMOLED display with 3.43mm small chin, is powered by Snapdragon 730G with up to 8GB of RAM and runs Android 10 with MIUI 11. It has a 64-megapixel rear camera along with an 8-megapixel ultra-wide sensor, 5-megapixel depth sensor and a 2-megapixel macro sensor. Continue reading “Xiaomi Mi Note 10 Lite with 6.47-inch FHD+ AMOLED display, Snapdragon 730G, 64MP quad rear cameras, 5260mAh battery announced”

Redmi Note 9 with 6.53-inch FHD+ display, Helio G85, 48MP quad rear cameras, 5020mAh battery announced

Along with the global launch of Redmi Note 9 Pro the company also introduced the Redmi Note 9 for the global markets, as it had promised. It has a 6.53-inch Full HD+ LCD screen with Corning Gorilla Glass 5 Protection, is the first smartphone to be powered by the MediaTek Helio G85 12nm SoC. It features a 48-megapixel primary rear camera, 8-megapixel 120° ultra-wide angle lens, 2-megapixel 2cm macro sensor and a 2-megapixel depth sensor. There is also a 13-megapixel camera on the front. Continue reading “Redmi Note 9 with 6.53-inch FHD+ display, Helio G85, 48MP quad rear cameras, 5020mAh battery announced”

Redmi Note 9 Pro with 6.67-inch FHD+ Dotdisplay, Snapdragon 720G, 64MP quad rear cameras, 5020mAh battery announced for global markets

Xiaomi just announced the Redmi Note 9 Pro for the global markets. It was introduced as Redmi Note 9 Pro Max in India last month, but there is a slight change in the camera design and it has a 16-megapixel front camera. It packs a 6.67-inch Full HD+ LCD screen with Corning Gorilla Glass 5 Protection, is powered by the latest Snapdragon 720G 8nm SoC, packs a 64-megapixel camera with Samsung GW1 sensor, 8-megapixel 120° ultra-wide angle lens, 5-megapixel 2cm macro sensor and a 2-megapixel depth sensor. The phone has pro video mode, kaleidoscope feature and slow motion selfie feature. Continue reading “Redmi Note 9 Pro with 6.67-inch FHD+ Dotdisplay, Snapdragon 720G, 64MP quad rear cameras, 5020mAh battery announced for global markets”