Smartphone market expected to sink this year but will rebound due to 5G push

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Shipments are forecast to drop almost 10% for 2020, but a revival is due in 2022 courtesy of a 5G push and other factors, says research firm IDC.

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Image: Getty Images/iStockphoto

Global smartphone shipments will fall by 9.5% this year to 1.2 billion units as a result of economic concerns, IDC projected in a report released Thursday. Though the second quarter results were slightly better than expected, the market was still down by 17% compared with the same period last year.

SEE: Mobile device computing policy (TechRepublic Premium) 

Like many sectors, the smartphone industry has been hit hard by the coronavirus pandemic and resulting lockdown. Despite the shift to remote working and self-quarantining, a lack of consumer demand amid fears of an economic slowdown have reduced smartphone shipments.

Prior to the pandemic, total smartphone sales were expected to return to growth this year, IDC said, but now that possibility is

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Thursday Sector Laggards: Technology & Communications, Energy

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The worst performing sector as of midday Thursday is the Technology & Communications sector, showing a 0.4% loss. Within that group, F5 Networks, Inc. (Symbol: FFIV) and Fortinet Inc (Symbol: FTNT) are two of the day’s laggards, showing a loss of 3.9% and 3.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.2% on the day, and up 34.11% year-to-date. F5 Networks, Inc., meanwhile, is down 7.94% year-to-date, and Fortinet Inc is up 23.48% year-to-date. Combined, FFIV and FTNT make up approximately 0.3% of the underlying holdings of XLK.

The next worst performing sector is the Energy sector, showing a 0.2% loss. Among large Energy stocks, HollyFrontier Corp (Symbol: HFC) and Baker Hughes Company (Symbol: BKR) are the most notable, showing a loss of 5.1% and 2.1%, respectively. One ETF closely tracking Energy stocks is the Energy

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Industrial Internet of Things Market Size, Growth, Trends, Company Analysis and Forecast 2020 to 2030

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The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (Profound via COMTEX) —
The Industrial Internet of Things market report provides analysis for the period 2018-2030, where in the period from 2020 to 2030 is the forecast period and 2019 is the base year. The report covers all the major trends and key drivers playing a major role in Industrial Internet of Things market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the forecast period. The study provides a holistic perspective on the Industrial Internet of Things market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Bn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East amp; Africa (MEA).

The market overview section of the report demonstrates the market dynamics and trends

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Here’s who’s getting Rainbow Six Siege’s new hard breaching gadget

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Attacking team composition in Rainbow Six Siege has, for years now, depended largely on the choice of who to bring along as a hard breacher, particularly for certain bomb sites. Teams on offense know that they’ll need a Thermite, Hibana, Ace, or Maverick if they’re going to get through reinforced walls. With Operation Shadow Legacy, that’s about to change: now, eight more attackers will have the option to bring a hard breaching gadget along with them.

The hard breach charge gadget was revealed at the Six August 2020 Major. It’s an optional secondary gadget that creates a hole big enough to crawl or vault through. It takes three seconds to set up, and six more to set off, so it’s not as though it’s as good as the options available to the dedicated hard breacher operators. But according to the latest batch of Designer’s Notes from the Siege team, the

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Global Redundant Array of Independent Disks (RAID) Market 2020 Applications, SWOT Analysis, Remarkable Growth and Competitive Landscape by 2025

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The MarketWatch News Department was not involved in the creation of this content.

Sep 08, 2020 (CDN Newswire via Comtex) —
Global Redundant Array of Independent Disks (RAID) Market 2020 by Manufacturers, Type and Application, Forecast to 2025 is the latest addition to the database of MarketsandResearch.biz which exhibits an easily comprehensible description of the global market. The report provides proficient and in-depth research on the market, focusing on the market landscape and its growth prospects over the coming years from 2020 to 2025. The report emphasizes market share, market demographics, size as well as valuation and voluminous growth rate. The research also includes a discussion of the key vendors operating in this global Redundant Array of Independent Disks (RAID) market. The study shares details such as current trends of the market in conjunction with the geographical landscape, demand scope, remuneration scale, and growth graph of this vertical have also

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