As smartphone sales began to plateau and slow over the past couple of years, many device makers arrived at the same conclusion: people want cheaper phones. It's clear why companies like Apple and Samsung took the message to heart, as the smartphone market downturn appeared to coincide with the standardization of $1,000 premium devices.
While Motorola is undoubtedly best known for its budget devices these days, the company is using the opportunity to take things in an entirely different direction. The Edge+ finds the company entering true premium territory with the arrival of its first $1,000 device. It's an even more dramatic move than OnePlus's recent release of the $899 8 Pro.
While you're here, how about this:
How to Make Every Marketing Dollar Count During a Crisis - ExpressNews.com
Not even the most well-prepared businesses have the resources to hunker down and wait out a months-long crisis. Stop investing in marketing, though, and your company won’t make it through the long night of the coronavirus pandemic. The only way to survive is to keep pushing forward.
Investing in your business is easier said than done, especially in times of financial hardship. According to the U.S. Chamber of Commerce , nearly a quarter of all small businesses in the country have already shut down temporarily. If the situation doesn't improve substantially, 43 percent of small businesses expect to close permanently by October. The outlook for tech startups and even mid- or large-sized businesses is no clearer.
Albemarle budget could shrink by $60M in fiscal '21 | Local News | dailyprogress.com
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Ayala Land slashes 2020 capex budget, puts on hold new projects | Inquirer Business
"Notwithstanding the challenges that the world is facing today, we remain optimistic on the long-term prospects as we continue to develop, innovate and build for our many stakeholders," ALI chair Fernando Zobel de Ayala said during the company's stockholders meeting held via videoconferencing on Wednesday.
Many of ALI's revenue-generating businesses had been significantly affected by the ECQ that has paralyzed business since mid-March. This will affect the performance of the company this year, with some likely spillover effects in 2021, he said.
Other things to check out:
Kinder Morgan sharply cuts expansion budget to weather virus downturn | S&P Global Platts
A slew of temporary shutdowns at meat-producing plants in the US to control the spread of COVID-19...
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Houston — Kinder Morgan cut its budget for growth projects and joint ventures by 29% Wednesday as it reported a loss for its latest financial quarter versus a year-ago profit as the coronavirus pandemic takes a significant bite out of energy markets.
The Houston-based pipeline operator, which moves more than a third of the natural gas consumed in the US, won't pursue some expansion plans as it looks to preserve cash to weather the downturn.
Local water district approves budget for upcoming year | Local News | kdhnews.com
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With shuttered stores and slashed budgets, retail marketers have only tough choices left | Retail
If retailers don't cut costs, they may not be able to pay for essential functions. But cut too deeply and it may be hard for brands to get back out.
Every aspect of retail is getting hit by the pandemic, and marketing is no exception. As retailers have temporarily shuttered store locations , cut down on growth plans, furloughed employees and considered skipping on rent , marketing budgets have also been thrown onto the chopping block.
Deciding If Avis Budget Group Is Worth The Risk (NASDAQ:CAR) | Seeking Alpha
Avis Budget Group, Inc. is one of many companies and industries impacted by the COVID-19 global pandemic.
Rental car reservations declined 60% through April, causing the company to withdraw the financial outlook provided earlier this year.
Avis Budget Group began layoffs and furloughs of employees at the end of March in an effort to reduce expenditures and operating costs.
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This article focuses on the fundamentals, its real value, and if Avis is currently a worthwhile investment.
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