There are two in particular I'd like to break out here, however: the new Galaxy Fit 2 band and A42 5G handset. The latter in particular is worth highlighting, given the company's huge push into 5G this year. Samsung is betting big on pushing early and hard on the next-generation wireless tech.
Early this year, the company announced that it would be standardizing 5G across its flagship products. The company has also made a major push toward embracing the tech on its budget devices, including the A7 and now the A42. 5G hasn't quite turned out to be the market correction the industry was banking on, due in no small part to a slowdown in sales from the pandemic. Certainly few banked on that.
And here's another article:
Hardware to consider adding to your 2021 IT budget | ZDNet
As many offices have shut down due to the coronavirus pandemic, companies have had to switch gears and find new, efficient ways to continue with day-to-day operations. These challenges must be considered when planning the IT budget for 2021.
COVID-19 has accelerated trends like remote work and digital transformation, and forced IT leaders to adapt their budgets accordingly. Our Tech Budgets 2021 special feature examines how business leaders are spending their tech dollars.
5 Changes for Business Leaders to Consider Going Forward
One of the opportunities presented in moments such as this is how we can focus on and catalyze strategies that may have been brewing in the background for years. Times of immense change can also be a tremendous motivator to galvanize your business stakeholders to action around bold new initiatives. Before considering any such drastic changes, however, you need to consider five key questions that will serve to guide you and your company through this time of change.
As with any such sensitive topic, it is also an opportunity to show the strength and the character of a company and its leadership by ensuring that impacts are burdened by all members of the organization, not just by a select few. It is also critical that any deferral commitments are upheld and the timing of any resumption or decisions to extend should be communicated early and often.
Related: A 10-Point Small-Business Survival Plan for Dealing With the Coronavirus
Spurned by the FDA, Intercept brings out the budget axe and chops 170 jobs – Endpoints News
The unexpected CRL that landed at Intercept Pharmaceuticals $ICPT 2 months ago is costing the biotech dearly.
In an SEC filing Tuesday, the company said that it is slashing 25% of its workforce, or a total of 170 jobs. The move — with the bulk of the cuts coming in Q3 — will cost the company $18 million, Intercept noted, adding that it’s required to conserve cash as they go on trying to get an approval for NASH.
Unlock this story instantly and join 89,300+ biopharma pros reading Endpoints daily — and it's free.
Quite a lot has been going on:
How CXOs are reconfiguring budgets in the new normal of increased remote work | ZDNet
Remote work has become the norm this year, and 2021 is looking like it will be more of the same. The coronavirus pandemic has impacted companies across the globe as lockdowns resulted in office closures and widespread remote working.
As a result, budget planning for next year has taken on a new spin, with some organizations pivoting and changing priorities. IT departments are bearing the brunt of the budget impact, since technology plays a crucial role for remote employees.
The Secret to Reallocating Resources in a Recession
Even in the best of times, many companies fail to fund and staff new opportunities. As decades of research have shown, leaders fear threats to their status and power and so become attached to existing businesses and budgets, regarding them as entitlements and as a baseline for determining what’s “fair.” So, what might break the lethargy? An external trauma or force, such as a global pandemic or other crisis event, certainly helps.
Aware of the need to respond more adroitly to sudden shocks, leaders have since pushed to make their companies flatter, more "agile," and more "disruption proof." Yet even firms that have adopted these approaches struggle to respond quickly and proactively enough when crises arise. In our research (Ranjay) and personal experience (Mark), we've found that the problem is ultimately a systemic one.
Ticker: Macy's posts $431M loss; Budget deficit to hit record $3.3T
Macy’s got more people to shop on its website and app over the past three months, but it wasn’t enough to make up for plummeting sales inside its department stores.
Online sales were up 53% for the second quarter, and the company said it attracted 4 million new online customers. But sales sank 61% inside its stores, which reopened in June after being temporarily closed due to the pandemic.
Macy’s is the country’s largest department store operator, offering a glimpse into what America’s are buying.
Crafting a Zero-Based Energy Budget | Habitat Magazine, New York's Co-op and Condo Community
Budget season is almost here for co-op and condo boards and their managers. Preparing an operating budget based on hard numbers rather than wishful thinking is never easy, and the task can be especially daunting for nuanced line items like a building's energy usage . It's tempting to take prior expenses, apply a blanket percentage increase, and be done with the process. But proper energy budgeting isn't quite so simple.
A co-op or condo board's first step is to consider the property's explicit energy uses. Aside from the essentials of lighting and heat, think about such daily needs as hot water, elevators, in-unit cooking, and common areas and amenities. Even if a building relies on the same commodity for multiple functions, each purpose has a unique consumption profile and therefore is classified (and priced) differently by the utility.
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