iPhone SE 2021 Will Not Arrive in the First Half of Next Year: Ming-Chi Kuo

first_imgiPhone SE 2021 (not the official name) will not be launched in the first half of next year as was expected by the industry, analyst Ming-Chi Kuo has shared. The highly popular iPhone SE (2020) that brought great performance at a relatively budget-friendly price had fans looking forward to a 2021 model. However, an alleged report by Kuo states that there may not be a new iPhone SE in the first half of 2021. The report states that there is stiff competition between four Apple suppliers for the anticipated iPhone 13’s cameras that might hinder the production of a new iPhone SE.According to a report by MyFixGuide citing Apple analyst Ming-Chi Kuo, there will not be an iPhone SE in the first half of 2021. iPhone SE (2020) was released in April this year with internal hardware of the iPhone 11 in the body of an iPhone 8, with a few differences. It is the cheapest iPhone model available and became quite popular among the masses upon launch. Fans who were expecting a 2021 version of the iPhone SE in the first half of next year may have to wait longer.- Advertisement – The report states that Kuo believes the market underestimates the impact of the competition being faced by Taiwan’s Genius Electronic Optical (GSEO), a company that provides camera hardware to Apple. There seems to be three other players – Largan Precision, Semco (Samsung Electro-mechanics), and a new firm named Sunny Optical. It is believed that due to this competition, Apple’s production plans for the iPhone SE 2021 model will be hindered.The report further adds that GSEO might lose orders for the ultra-wide-angle lens in the yet-unannounced iPhone 13 due to the competition. It is being estimated that while GSEO fulfilled 50 percent orders of the ultra-wide lens for iPhone 12, that number may come down to 30 percent for iPhone 13.As of now, Apple has not shared any information on iPhone SE 2021 or iPhone 13.- Advertisement – – Advertisement –center_img Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.last_img read more

ECLAC predicts Caribbean economies will grow 2.1 per cent in 2019

first_imgSANTIAGO, Chile, CMC –The Economic Commission for Latin America and the Caribbean (ECLAC) is predicting Caribbean economies will grow 2.1 percent in 2019  even as it acknowledged an international scenario marked by what it describes as “greater uncertainty”.ECLAC also projected that the region will end 2018 with average growth of 1.2 per cent.Global uncertainties could intensify“The year 2019 looks to be a period in which global economic uncertainties, far from waning, will intensify and will arise from different fronts,” said ECLAC in unveiling its last economic report of the year, titled “The Preliminary Overview of the Economies of Latin America and the Caribbean 2018.”ECLAC said this will have an impact on the growth of the economies of Latin America and the Caribbean, which, on average, are seen expanding 1.7 per cent.It forecasts that Central America (excluding Mexico) will grow 3.3 per cent in 2019, South America 1.4 per cent, and the Caribbean 2.1 per cent.Dominica is leading regional growthOn a country level, the report says Dominica is leading regional growth, with a nine per cent expansion, followed by the Dominican Republic (5.7 per cent), Panama (5.6 per cent), Antigua and Barbuda (4.7 per cent) and Guyana (4.6 per cent).The report warns that Venezuela will “suffer a minus 10 per cent contraction in its economy,” Nicaragua, a minus two per cent and Argentina minus 1.8 per cent.The region’s biggest economies, Brazil and Mexico, are seen growing at two per cent, and 2.1 per cent respectively.According to the report, the countries of Latin America and the Caribbean will “confront a complex global economic scenario in the coming years, in which less dynamic growth is expected, both for developed countries as well as emerging economies, along with increased volatility of international financial markets.”“On top of this, there is a structural weakening of international trade, aggravated by trade tensions between the United States and China,” it added.The overall 1.7 per cent economic growth projection for Latin America and the Caribbean in 2019 is slightly below what ECLAC released last October (1.8 per cent), while the estimate for the current year (2018) was also trimmed to 1.2 per cent (from the 1.3 percent forecast in October).Greatest threatThe report notes “the greatest risk to the region’s economic performance in the run-up to 2019 continues to be an abrupt deterioration in the financial conditions for emerging economies”.During 2018, ECLAC said emerging markets showed a significant reduction in external financing flows, while, at the same time, sovereign risk levels increased and their currencies depreciated against the dollar.As in previous years, in its “Preliminary Overview of the Economies of Latin America and the Caribbean,” ECLAC projects a growth dynamic with varying intensities between countries and sub-regions.“This reflects not only the differentiated impacts of the international context on each economy but also the dynamics of spending components – mainly consumption and investment – which have been following different patterns in economies of the north and of the south,” the report states.Growth led by domestic demandIn its stocktaking of the current year, 2018, ECLAC’s report indicates that economic growth was led by domestic demand.“Fixed investment showed a dynamic of recovery, while private consumption remained the main source of growth, even though its growth rates moderated since the second quarter of 2018,” the report noted.In terms of fiscal policy, it says consolidation deepened in 2018, adding that the process of fiscal adjustment led to a reduction in the primary deficit – from 0.7 per cent of gross domestic product (GDP) in 2017 to 0.6 per cent of gross domestic product (GDP) in 2018 – “although this was accompanied by a small increase in public debt.”last_img read more