Xiaomi’s valuation plunges as shipments dive

first_img Xiaomi off the hook in the US Xiaomi smartphone surge bears fruits Previous ArticleLG to make chips at Intel factoriesNext ArticleCisco lines up massive job cuts within weeks Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Joseph Waring Author Devices Relatedcenter_img Chinese vendor Xiaomi suffered a dismal quarter, with total shipments falling sharply, its market share down and its valuation plunging.The once fast-rising smartphone maker was valued at $46 billion a year ago and was thought of as the world’s most valuable startup. After Q2 smartphone rankings were released, Richard Windsor wrote in his Radio Free Mobile blog that the company’s current revenue level values it at just $3.6 billion. He expects the vendor’s revenue to fall 10-20 per cent this year.Xiaomi’s smartphone market share in China fell to 9.5 per cent in Q2 from 16.1 per cent a year ago, as shipments contracted 38 per cent to 10.5 million units, according to IDC. Local rivals Huawei, Oppo and Vivo all posted double-digit growth.Counterpoint Research was more kind; it had Xiaomi’s shipments in China down only 26 per cent to 12.6 million units. It put its global shipments as falling 24 per cent to 14.5 million units.Xiaomi itself does not release official financial information.Despite a strong overseas push in India and a few other markets, non-China shipments accounted for just 13 per cent of total shipments.While TrendForce in March forecast Chinese branded vendors to expand total shipments 16 per cent this year, Xiaomi’s target was 12.5 per cent. But after a flat Q1 and the sharp decline last quarter, there are no signs the six-year-old firm will return to high growth anytime soon.Windsor forecasts Xiaomi will ship 59.7 million units this year, which will give it revenue of $14.9 billion based on an average selling price of $250. “I find myself struggling to value the company anywhere near $5 billion,” he said. smartphoneXiaomi Smartphone shipments to ride 5G wave HomeDevicesNews Xiaomi’s valuation plunges as shipments dive Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 AUG 2016 last_img read more

British fans rejoice as Warren and Hearn bring back boxing but huge coronavirus fears over the sport’s life-blood

first_imgBRITISH fight fans will be rejoicing next week when boxing resumes hostilities on TV after suffering four miserable months in quarantine. The ceasefire ends a week today  when Frank Warren features Brad Foster’s British and Commonwealth super-bantamweight title defence against James Beech at BT’s Stratford studios.Eddie Hearn will host fights in his BACK GARDENCredit: News Group Newspapers LtdAnd next month rival Eddie Hearn will be promoting a series of  shows on Sky from the grounds of his Essex HQ, in what’s become known as Matchroom Square Garden.They will be taking place behind closed doors with everyone involved having to comply with the British Boxing Board of Control’s expensive but necessary rules to protect against the coronavirus.The Board sent a document almost as long as War and Peace to their licensed promoters setting out the strict regulations required.Warren estimated it will cost at least £20,000 to carry out the  new health and safety requirements. As he and Hearn have lucrative TV deals they can absorb the extra expense. But I’m afraid the small-hall shows, the lifeblood of the sport, are  in serious trouble.Frank Warren reckons it will cost £20,000 to carry out health checks We are unlikely to see boxing at the 1,200- seater York Hall, Bethnal Green, for another year — and maybe even longer than that.York Hall is the home of the real, knowledgeable fans  and it’s where Lennox Lewis, Frank Bruno, John Conteh, Lloyd Honeyghan, Maurice Hope, Alan Minter, Ricky Hatton, Carl Froch, Kell Brook and many of our other world champions cut their teeth.When I spoke to Steve Goodwin and Mark Prior, who between them and without TV backing promote more than 20 shows there every year, they were full of gloom.Goodwin said “York Hall is 90 years old and the shower and dressing room facilities don’t measure up to the Boxing Board’s new safety standards.  Without the small halls, boxing in this country will struggle.”Prior sent me the figures he budgeted for a typical fight night in the present climate. On top of the normal expenses for catering, staff, ambulance, etc, they included two nights’ hotel stay for 60 people (£4,200),  £7,200 for Covid testing and £1,000 for PPE — taking the total expenditure  to £48,350. Without fans, the income was nil.You don’t have to be the Chancellor of the Exchequer to realise why York Hall will remain dark way into the future. 10 INCREDIBLE Space Launch Failures! People Slammed By Massive Waves 4 Source: Boxing – thesun.co.uk Football player touch female referee s breast! Rebekah Vardy scores an impressive penalty in six-inch heelscenter_img What’s This “Trick” Called? Comment Down Below!! Travel Diary // Vietnam 2017 8 MOST DANGEROUS RAINS of All Time | TOP 10 INTERESTING Top 5 Best Budget Hotels In Dubai under AED 400 a night.last_img read more

Breakin’ into Bieber: Young Aurora dancer’s YouTube moves secure concert spot

first_img Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, dances with his dance class on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel AURORA | For most Americans, dancing is an activity largely reserved for personal, intimate circumstance.Shimmying shoulders and frantic feet often crop up during isolated moments of exaltation — at stop lights, during sudsy ceremonies of matrimony and other bliss, and while stumbling across Internet clips of “The Ellen Degeneres Show” or myriad late-night talk show hooligans. But for Aurora resident Jonathan Jaramillo, the bigger the stage, the better. The 11-year-old modern dance phenom has made a name for himself among the Front Range dance community in recent years, consistently nabbing the top spot in breakdancing competitions and even appearing on an episode of “The Tonight Show” when it was under the helm of comedian Jay Leno. And this weekend, Jaramillo will be taking the biggest stage in his short yet decorated career when he performs in front of some 15,000 pop music aficionados and alongside the genre’s presiding prince, Justin Bieber. Aurora resident Jonathan Jaramillo, 11, dances with his dance class on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, stretches in a dance class on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel Aurora resident Jonathan Jaramillo, 11, poses for a photo on Friday March 25, 2016 at Millennium Dance Complex. Jaramillo won a YouTube contest to dance with Justin Bieber on stage at his concert on April 4.Photo by Gabriel Christus/Aurora Sentinel “I’m just overwhelmed with excitement,” Jaramillo said. Jaramillo will perform a short dance routine onstage with Bieber, the pop star’s professional backup dancers and three other young dancers from the metro area during the singer’s performance of his song “Children” at his upcoming concert Monday at the Pepsi Center.“We are thrilled that he’s getting this opportunity because we know it’s something he’ll never forget,” said Desiree Jaramillo, Jonathan’s mom and manager.Also a student at Denver School of the Arts, Jonathan was one of four winners of a YouTube dance contest organized by Bieber’s creative director and choreographer, Nick DeMoura. Given just two days to memorize a roughly 30-second routine, Jonathan uploaded a video of himself performing the steps the first week of March and shortly thereafter learned he had beaten out dozens of other young dancers to co-win the contest.“We were so excited,” Desiree said. “I got the email when I was at work and I started crying at my desk all by myself. I was so proud.”Partial to any dance that allows him to pop and weave, Jonathan said that the Bieber routine is a sort of funky hip-hop.In recent weeks, Jonathan has been perfecting his Bieber steps at his home in southeast Aurora and at the Millennium Dance Complex in Centennial, one of two professional dance studios at which he studies. The other is School of Breaking on East Jewell Avenue in Aurora.Taryn Vincent, co-owner at Millennium, said that Jonathan’s reputation among the Front Range dance community preceded him.“I’d seen him dance several times, so as soon as he walked in (last year) I knew who he was,” Vincent said. “He has a little reputation for being awesome.”Jonathan, who has talent agents in both Los Angeles and Denver, said that he’s excited about the prospects the Bieber performance and subsequent exposure could yield.“I hope this will open a lot more doors for me,” he said.Desiree said that Monday’s performance could provide a glimpse at what Jonathan’s future might hold.“I think he’s really excited to get the experience of what it’s going to be like on a stage that large and get a look at what he can do when he gets older,” she said.last_img read more