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Realme Festive Days With Offers, Discounts of Up to Rs. 16,000 on Smartphones, Laptops Announced

Realme has announced “Realme Festive Days” during which the company’s smartphones, laptops, and AIOT products will be available with a discount of Rs. 16,000. During the sale, the newly-launched Realme GT Neo 3T will also be available for purchase. The Realme sale will start from September 23 and the products will be available for purchase via Realme’s online store, Flipkart. and Amazon. It is to be noted that the Flipkart Big Billion Days 2022 sale and Amazon Great Indian Festival 2022 Sale will both begin on September 23.

Realme Festive Days sale offers, discounts

The Realme Festive Days sale will start from September 23 at 12:00am on, Flipkart, and Amazon. The newly-launched smartphone by Realme, the Realme GT Neo 3T, will be available for purchase at a discount of up to Rs. 7,000 (inclusive of all offers) during its first sale on Flipkart and

The company previously claimed that the discount would make the handset the most affordable 80W charging-enabled smartphone powered by a Qualcomm Snapdragon 870 SoC.

Customers will be able to avail of a discount of up to Rs. 15,000 on the Realme GT 2 Pro on Flipkart, Realme Narzo 50 5G will be available starting Rs. 11,999 on Amazon and making it the most affordable 5G smartphone from Realme. The company hasn’t mentioned which variant will be available at the mentioned price. The smartphone’s base version with 4GB RAM + 64GB storage is priced at Rs. 13,999 on both Amazon and Realme website.

The Realme laptops will be available with up to Rs. 16,000 discount on Flipkart and, the company announced. It is to be noted that the Realme Festive Days sale will coincide with the Flipkart Big Billion Days 2022 Sale and Amazon Great Indian Festival 2022 Sale.

Buying an affordable 5G smartphone today usually means you will end up paying a “5G tax”. What does that mean for those looking to get access to 5G networks as soon as they launch? Find out on this week’s episode. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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Publish – 2022-09-16 11:34:07

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Apple Said to Slow Hiring, Spending Growth for Some Teams Next Year

Apple plans to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn, according to people with knowledge of the matter.

The decision stems from a move to be more careful during uncertain times, though it isn’t a companywide policy, said the people, who asked not to be identified because the deliberations are private. The changes won’t affect all teams, and Apple is still planning an aggressive product launch schedule in 2023 that includes a mixed-reality headset, its first major new category since 2015.

Still, the more cautious tone is notable for Apple, a company that has generally beat Wall Street predictions during the COVID-19 pandemic and has weathered past economic turmoil better than many peers.

Apple shares fell as much as 2 percent to $147.20 (nearly Rs. 11,800) after Bloomberg reported on the slowdown. The stock has dropped about 17 percent so far this year, on par with the broader market. Shares of other tech companies also declined on the news Monday.

Alphabet, Amazon, Meta Platforms, Snap and other tech companies have taken their own steps in recent weeks to rein in budgets and decelerate hiring. Microsoft, Tesla and Meta have gone as far as to cut jobs — something Apple hasn’t historically done.

Apple, based in Cupertino, California, allocates a certain amount of money to each major division annually for spending on research and development, resources and hiring. For 2023, it’s giving select teams a lower-than-expected budget.

For some groups, the company won’t increase headcount in 2023, whereas it might normally hire 5 percent to 10 percent more employees in a given year. It also plans to not fill roles of departing employees for some groups.

A spokesperson for the technology giant declined to comment.

Over the last few years, Apple has invested heavily in research and development, hired aggressively from its competition and launched several new products. But it’s also confronted supply-chain challenges, including the shutdown of production in China in recent months. Apple warned in April that the problems would cost it as much as $8 billion (nearly Rs. 64,000 crore) in the latest quarter.

Analysts expect Apple to report third-quarter revenue of about $83 billion (nearly Rs. 6,64,100 crore), slightly above the year-earlier period, when it releases results on July 28.

During the last earnings call, Chief Executive Officer Tim Cook said Apple was “seeing inflation” and that the impact was evident in its gross margin and operating expenses. The company also cited a continued negative impact from COVID-19 and rising freight costs. It declined to provide specific revenue guidance.

While the spending slowdown is rare, Apple has taken similar steps before. In early 2019, before the pandemic, the company cut back on hiring after iPhone sales missed expectations in China and other parts of the world. In April, it also slowed hiring of some Apple retail store positions.

Even as it prepares to rein in spending in some areas, Apple plans to boost its companywide compensation budget this year to cope with a tighter labour market. The company also is contending with efforts to unionize its stores across the US. Apple recently increased pay for many hourly retail and technical support workers, with employees saying the raises are coming in between 5 percent and 15 percent.

At the same time, Apple is preparing a flood of new products. Later this year, the company expects to introduce four iPhone models, three Apple Watch variations, new Mac desktops and laptops, and an updated Apple TV set-top box. It’s also planning a new HomePod speaker, a larger iPad and several new Macs for next year.

Apple dedicated about $22 billion (nearly Rs. 1,76,000 crore) to R&D in fiscal 2021, up 17 percent from the prior year. At the end of that year, the company had about 154,000 employees.

In 2021, Apple’s capital expenditures topped $11 billion, a 52 percent increase from 2020, while overall operating expenses — which includes marketing spending, payroll and equipment costs — rose 13 percent last year to about $44 billion (nearly Rs. 3,52,100).

The company has been spending billions of dollars annually on a troubled electric car effort, new content for its Apple TV+ streaming service and its mixed-reality headset. It’s also working on developing its own components, such as cellular modem chips, in addition to products like foldable devices and augmented reality glasses.

© 2022 Bloomberg L.P.


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Publish – 2022-07-18 18:16:46