By Reuters Staff
2 Min Read
SHANGHAI (Reuters) - China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed, signaling an encouraging rebound from last year’s nadir as the pandemic peaked in China.
FILE PHOTO: Mobile phones are seen on display at an electronics market in Shanghai, China, June 24, 2015. REUTERS/Aly Song
Shipments of smartphones within China jumped 236.6% annually to 21.3 million handsets in February, according to the China Academy of Information and Communications (CAICT), a state-backed think tank.
That was up from 6.3 million in February 2020 and higher than the 14.9 million in February 2019, suggesting China’s smartphone sector has returned to its pre-pandemic levels.
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong iPhone sales and robust demand for electronics during lockdowns worldwide to curb the COVID-19 pandemic.
4 Min Read
(Reuters) - Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop GME.N and other so-called meme stocks earlier in the year.
FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid
Shares of Rocket, the parent company of Quicken Loans, closed up 71.2% at $41.60 after being halted several times for volatility. More than 367 million shares changed hands in the stock’s busiest trading day ever.
By Reuters Staff
1 Min Read
FILE PHOTO: The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji
WASHINGTON (Reuters) - The U.S. International Trade Commission on Tuesday said it was probing certain LTE-compliant cellular devices made by Samsung Electronics Co Ltd and Lenovo Group Ltd-owned Motorola Mobility following a complaint.
The agency said it was launching the investigation following a Feb. 1 complaint filed by Austin, Texas-based Evolved Wireless LLC that alleged patent infringement.
Reporting by Susan Heavey; Editing by Chris Reese