Last updated on November 27th, 2020 at 01:18 pm
Worldwide smartphone shipments reached 348.0 million units, a 1% year-on-year (YoY) decline, but a 22% quarter-on-quarter (QoQ) increase during Q3 2020 according to figures from Canalys. Samsung regained the lead with shipments up 2% 80.2 million units. Huawei dropped to second place with a 23% fall to 51.7 million units. Xiaomi (HKG:1810) took third place for the first time with shipments surging 45% to reach 47.1 million units. Apple (NASDAQ:AAPL) saw shipments drop 1% to 43.2 million while Vivo rounded out the top 5 with shipments of 31.8 million units.
Oppo came in sixth with 31.3 million units while sister brand Realme took seventh place, its highest ever position with shipments of 15.1 million units. Lenovo reported shipments of 10.2 million units while Chinese smartphone brand Transsition shipped 8.4 million units.
Healthcare startups globally raised USD 21.8 billion in Q3 2020
27 Oct 2020
Healthcare startups worldwide raised a record USD 21.8 billion in Q3 2020, as a surge in health technology solutions amid the pandemic led to heightened investor interest according to data from CB Insights. Healthcare-related investments surged 18% quarter-on-quarter (QoQ) from USD 18.4 billion, while deal volume also jumped 18% to 1,539 deals from 1,299.
Central Banks Turn Gold Net Sellers In August
17 Oct 2020
In August, central banks switched from net buyers to net sellers for the first time in around a year and a half according to figures from the World Gold Council. Global central banks sold a net 12.3 tonnes (t) in August largely due to sales from Uzbekistan which reduced its gold reserves by almost 32 tonnes, outweighing the purchases by regular buyers Kyrgyz Republic (5 tonnes), India (4 tonnes), Turkey (3.9 tonnes), UAE (2.4 tonnes), Qatar (1.6 tonnes), Mongolia (1.3 tonnes), and Kazakhstan (1.3 tonnes). Uzbekistan’s sales brought its gold reserves to slightly less than 300 tonnes (54% of total reserves).