Apple Is Doubling AirPods Pro Production to Satisfy Soaring Demand
* Stories are summarized by an A.I.
* Companies mentioned: AAPL, PYPL, Huawei, and Banco do Brasil SA
Apple Is Doubling AirPods Pro Production to Satisfy Soaring Demand
AAPL (Apple Inc.) | The Motley Fool
The bad news for rivals is that AirPods Pro demand is off the charts, and Apple is scrambling to catch up. Making 2 million AirPods Pro per monthThe Nikkei Asian Review reports that Apple is working on doubling production of AirPods Pro in order to meet soaring demand. "Apple has increased monthly orders for the latest AirPods Pro from 1 million units to at least 2 million units thanks to healthy demand," an anonymous source told the outlet. AirPods Pro are subject to the tariffs that President Trump has implemented, although Apple is lobbying Trump for tariff exemptions. Prior to releasing AirPods Pro, Apple also launched Powerbeats Pro and Solo Pro under its Beats brand in recent months.
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Russia's Taymyr plan: Arctic coal for India risks pollution
BBC
Natural riches come in two conflicting types in Russia's Arctic north: valuable minerals and spectacular wildlife. One centres on a big open-cast coal mining project in the Taymyr Peninsula, in the far north of central Siberia. But Taymyr is a haven for wildlife. The company has a joint production deal with Coal India Limited, an industrial giant. Image copyright Getty Images Image caption India and Russia signed an energy co-operation agreement in Vladivostok in SeptemberRussia aims to boost its coal exports to India six-fold by 2025, to 28m tonnes annually.
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Mastercard and PayPal Expand Instant Money Transfer Service
PYPL (PayPal Holdings Inc.) | Talk Markets
Mastercard Incorporated (MA - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) are extending their Instant Transfer feature to Singapore and multiple markets in Europe, following the success of instant transfer service in the United States. This service will allow PayPal users to transfer their account balances to eligible Mastercard cards seamlessly and conveniently, typically within seconds. The wider roll-out of this service will lead to increased engagement for Mastercard customers. Mastercard has been offering this service along with PayPal since 2017. Another company, Visa Inc. (V - Free Report), with a similar business model as Mastercard, is also witnessing wide use of its payment processing network.
Read More
Xiaomi’s overseas gains contribute nearly 50% to overall revenue
002502 (Huawei Technology Company Ltd) | ZDNet
Chinese budget phone maker Xiaomi has further relied on sales from overseas to back its business growth as domestic smartphone market has been dominated by Huawei. Xiaomi is facing challenges from its key smartphone businesses in China where market leader Huawei has continued to expand its dominance. Xiaomi's overall business growth is backed by sales from non-smartphone segments like smart home devices, as well as the faster growth seen in its overseas markets. Xiaomi, currently the world's fourth largest smartphone brands, will launch at least 10 models of 5G smartphone in 2020, Xiaomi's founder Lei Jun said during the company's developer conference earlier this month. In the first half of 2020, mid-to-high-end Xiaomi smartphones priced above 2,000 yuan (US$285) will all be 5G-enabled devices, according to Lei.
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State-controlled lender Banco do Brasil sees 2020 profit up 10%
BDORY (Banco do Brasil SA) | Nasdaq
By Carolina MandlSAO PAULO, Nov 28 (Reuters) - Brazilian state-controlled lender Banco do Brasil SA BBAS3.SA sees its profits likely growing 10% in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo said on Thursday in a meeting with analysts. Banco do Brasil's 2019 profit should reach up to 18.5 billion reais, according to targets set earlier this year. Still, its total loan book is likely to present sluggish growth as corporate loans should decline for another year, as Banco do Brasil sees large companies raising money in capital markets. Banco do Brasil recently announced a joint-venture with UBS in investment banking, with Rubens saying on Thursday it is likely to start serving customers by June. Novaes said the central bank's capping of interest rates on overdraft credit at 8% annually will have a negative impact on the bank's profit, but it should not be "that big."
Read More
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* Companies mentioned: AAPL, PYPL, Huawei, and Banco do Brasil SA
Apple Is Doubling AirPods Pro Production to Satisfy Soaring Demand
AAPL (Apple Inc.) | The Motley Fool
The bad news for rivals is that AirPods Pro demand is off the charts, and Apple is scrambling to catch up. Making 2 million AirPods Pro per monthThe Nikkei Asian Review reports that Apple is working on doubling production of AirPods Pro in order to meet soaring demand. "Apple has increased monthly orders for the latest AirPods Pro from 1 million units to at least 2 million units thanks to healthy demand," an anonymous source told the outlet. AirPods Pro are subject to the tariffs that President Trump has implemented, although Apple is lobbying Trump for tariff exemptions. Prior to releasing AirPods Pro, Apple also launched Powerbeats Pro and Solo Pro under its Beats brand in recent months.
Read More
Russia's Taymyr plan: Arctic coal for India risks pollution
BBC
Natural riches come in two conflicting types in Russia's Arctic north: valuable minerals and spectacular wildlife. One centres on a big open-cast coal mining project in the Taymyr Peninsula, in the far north of central Siberia. But Taymyr is a haven for wildlife. The company has a joint production deal with Coal India Limited, an industrial giant. Image copyright Getty Images Image caption India and Russia signed an energy co-operation agreement in Vladivostok in SeptemberRussia aims to boost its coal exports to India six-fold by 2025, to 28m tonnes annually.
Read More
Mastercard and PayPal Expand Instant Money Transfer Service
PYPL (PayPal Holdings Inc.) | Talk Markets
Mastercard Incorporated (MA - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) are extending their Instant Transfer feature to Singapore and multiple markets in Europe, following the success of instant transfer service in the United States. This service will allow PayPal users to transfer their account balances to eligible Mastercard cards seamlessly and conveniently, typically within seconds. The wider roll-out of this service will lead to increased engagement for Mastercard customers. Mastercard has been offering this service along with PayPal since 2017. Another company, Visa Inc. (V - Free Report), with a similar business model as Mastercard, is also witnessing wide use of its payment processing network.
Read More
Xiaomi’s overseas gains contribute nearly 50% to overall revenue
002502 (Huawei Technology Company Ltd) | ZDNet
Chinese budget phone maker Xiaomi has further relied on sales from overseas to back its business growth as domestic smartphone market has been dominated by Huawei. Xiaomi is facing challenges from its key smartphone businesses in China where market leader Huawei has continued to expand its dominance. Xiaomi's overall business growth is backed by sales from non-smartphone segments like smart home devices, as well as the faster growth seen in its overseas markets. Xiaomi, currently the world's fourth largest smartphone brands, will launch at least 10 models of 5G smartphone in 2020, Xiaomi's founder Lei Jun said during the company's developer conference earlier this month. In the first half of 2020, mid-to-high-end Xiaomi smartphones priced above 2,000 yuan (US$285) will all be 5G-enabled devices, according to Lei.
Read More
State-controlled lender Banco do Brasil sees 2020 profit up 10%
BDORY (Banco do Brasil SA) | Nasdaq
By Carolina MandlSAO PAULO, Nov 28 (Reuters) - Brazilian state-controlled lender Banco do Brasil SA BBAS3.SA sees its profits likely growing 10% in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo said on Thursday in a meeting with analysts. Banco do Brasil's 2019 profit should reach up to 18.5 billion reais, according to targets set earlier this year. Still, its total loan book is likely to present sluggish growth as corporate loans should decline for another year, as Banco do Brasil sees large companies raising money in capital markets. Banco do Brasil recently announced a joint-venture with UBS in investment banking, with Rubens saying on Thursday it is likely to start serving customers by June. Novaes said the central bank's capping of interest rates on overdraft credit at 8% annually will have a negative impact on the bank's profit, but it should not be "that big."
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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