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Japanese Chief Cabinet Secretary Minoru Kihara: The specific details of monetary policy will be decided by the Bank of Japan.On July 10, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A foreign journalist asked about the 10th anniversary of the Permanent Court of Arbitrations ruling on the South China Sea arbitration case, which determined that Chinas maritime claims in the South China Sea are inconsistent with international law. The Philippines stated today that it will continue to push for a "Code of Conduct in the South China Sea" and will use the arbitration ruling as an unshakable foundation. What is Chinas comment on this? Mao Ning stated that China has repeatedly clarified that the so-called "ruling" is illegal, invalid, and has no binding force. China does not accept or recognize it, and we will not accept any claims based on this ruling. She emphasized that formulating a "Code of Conduct in the South China Sea" is an important measure to implement the Declaration on the Conduct of Parties in the South China Sea and an important consensus between China and ASEAN countries. China is always committed to accelerating consultations with ASEAN countries to strive for an early conclusion of the Code and jointly maintain peace and stability in the South China Sea. The so-called "ruling" has nothing to do with the Code, and the Philippines should not use the so-called "ruling" to create obstacles to the conclusion of the Code.July 10th - At a press conference held by the Ministry of Culture and Tourism on July 10th regarding the crackdown on forced shopping in the tourism market, it was announced that the Ministry has strengthened cooperation with public security, market supervision, and cyberspace administration departments to further intensify case investigations. In the first half of 2026, the number of cases filed increased by 49.3% year-on-year, with cases involving forced shopping increasing by 86.9% year-on-year. This has created a more powerful deterrent against illegal and irregular activities that harm the legitimate rights and interests of tourists and affect the fair competition market order.July 10th Futures News: On July 10th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 297,216 tons, an increase of 3,428 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 1,557 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,640 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 33... 6. Petroleum asphalt futures warehouse receipts: 9,310 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 12,970 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.July 10 – A spokesperson for the Ministry of Foreign Affairs announced that, at the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, Solomon Islands Minister of Foreign Affairs and Foreign Trade Honipwela will pay an official visit to China from July 10 to 15.

Samsung introduces foldable smartphones to preserve its market dominance

Charlie Brooks

Aug 11, 2022 10:58

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Samsung Electronics (OTC:SSNLF) presented its most recent high-end foldable smartphones on Wednesday, maintaining the same cost as last year in a bid to secure its leadership in a growing niche market.


The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99 and its 5G-enabled flagship Galaxy Z Fold4 with a 7.6-inch primary display at $1,799.99 in the United States, the same prices as last year's models.


TM Roh, president and head of mobile experience at Samsung (KS:005930) Electronics, commented, "We have effectively transformed this category from a risky venture to a worldwide popular product line."


The Galaxy Z Flip4 and Z Fold4, as well as the company's newest earbuds, Galaxy Buds2 Pro, will be widely available beginning on August 26 in the United States, areas of Europe, and South Korea.


This year, global shipments of foldable smartphones are estimated to climb to 16 million units, representing just 1.2% of the 1.36 billion smartphone units expected to be shipped, but an increase over 2017's sales of 9 million foldables.


Although analysts forecast a downturn in the global smartphone business this year due to consumers' decreased spending, foldable smartphones are anticipated to perform better because of their unique form factor, enormous screens, and portability.


In the first half of 2022, Samsung led the foldable smartphone market with a 62% share, followed by Huawei with 16% and Oppo with 3%. According to Counterpoint, after the new releases Samsung's share in the second half will be about 80%.


In the second half, Samsung anticipates that sales of foldable phones would exceed those of its previous flagship smartphone, the Galaxy Note.


Apple (NASDAQ:AAPL) will be Samsung's key competitor in the future, and we predict the release of an Apple foldable device around 2024 or 2025, according to Jene Park, a senior analyst at Counterpoint.


Samsung noted that its newest models make it easier for consumers to use popular applications such as Microsoft's Instagram and Outlook (NASDAQ:MSFT).