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Samsung Seizes Smartphone Initiative as Sanctions Hobble Huawei South Korean giant recently forecast 25% jump in quarterly operating profit, aided by resurgent phone sales Aug. 6, 2020: Samsung’s Galaxy Note smartphones have always been known for on-the-go productivity, but now we’re not going anywhere. WSJ’s Joanna Stern looks at how Samsung’s changed the phone and its promotional messages due to Covid-19. (Originally published Aug. 5, 2020) By Jan. 12, 2021 6:13 am ET SEOUL Huawei Technologies Co.’s sanctions-induced smartphone slump has rivals seeing opportunity in a market where switching brands is rare. With U.S. restrictions curbing its access to key parts, Huawei has suffered a plunge in sales in recent months, most strongly benefiting South Korea’s Samsung Electronics Co. and other Chinese makers. ....
Roku stock has garnered another price target raise. “We’re not stepping off this train,” Macquarie analyst Tim Nollen wrote in a note on Tuesday. Nollen raised his target price for Roku stock (ticker: ROKU) to $450 from $276 and maintained an Outperform rating. He called Roku a category leader, with several trends converging, while the company builds its businesses “on top of its fast-growing platform.” Roku stock has soared 211% in the past year, including a 25% year-to-date. Bullish analysts have been raising their targets to keep up. The mean target price is $309.76, according to FactSet. The company said last week that it added 14 million active accounts in 2020, as the pandemic kept people around the globe at home. Roku also announced a deal to add content from the defunct short-video streaming app Quibi to its ad-supported Roku Channel. ....
Low on Workers, Manufacturers Recruit Their Executives for the Factory Floor Covid, child care and competition from e-commerce warehouses contribute to labor shortages at many factories Yankee Candle executives’ new side gigs include tasks such as packing the company’s products into gift baskets. Photo: Kayana Szymczak for The Wall Street Journal By Updated Jan. 9, 2021 11:38 pm ET Wendy Marcus was midway through a recent meeting with senior leaders at Newell Brands Inc. when word came that she needed to leave immediately. The Newell-owned factory that makes Yankee Candles was once again short on workers, and the plant needed Ms. Marcus, an R&D manager, on the assembly line to help pack the famously scented knickknacks into gift baskets. ....
Text size Last January, more than 170,000 people descended on Las Vegas for CES, the annual gadget fest that celebrates consumer electronics TVs, smartphones, cars, wearables, anything you can plug into a wall or connect to the Web. Attendees from more than 160 countries came to the four-day event as the pandemic was brewing in China. Within weeks, the world changed. In July, the Consumer Technology Association gave in to the inevitable: It took CES 2021 virtual. And here it comes. This truly weird, totally virtual edition of CES kicks off late Monday afternoon with a keynote by Verizon Communications ’ CEO Hans Vestberg. More CEOs will follow, from ....
Roku Acquires Rights to Quibiâs Content Maker of the biggest U.S. streaming video-player plans to put the content in its ad-supported channel Joelle Uzyel and Mikel Welch in Quibiâs âMurder House Flip.â Roku will have the global distribution rights to the streaming serviceâs content for the rest of 2021. Photo: QUIBI By Updated Jan. 8, 2021 10:27 am ET Roku Inc. agreed to acquire the rights to content from Quibi, a deal that will make the defunct short-form streaming serviceâs shows available on the biggest streaming-media player in the U.S. Roku paid less than $100 million to acquire the shows, according to people familiar with the matter. One person said it was âsignificantly lessâ than $100 million. ....