Electronics retailers bank on iPhone 15 to boost sales – Warungku Terkini

Electronics retailers are hoping that the iPhone 15, which is set to be launched in a week, will help stimulate demand amid a challenging year.

As the smartphone market in Vietnam saw sales plunging 25% year-on-year in the first six months, major retail chains are preparing to compensate for the drop with the iPhone 15, which Apple will introduce on Sept. 12.

“The market really needs a boost this year, and that is why we hope the new iPhone will help stimulate spending,” said Nguyen Lac Huy, a representative of retail chain CellphoneS.

A representative of a different chain, who asked not be identified, said that smartphone sales in the last quarter often accounted for 30-40% of the year’s total and therefore there was a lot of expectation for sales to surge in the last three months.

Some chains said that they had completed 80% of the preparation work needed for the iPhone launch. Their sales and media team are now only waiting for Apple to reveal its product.

Last year, iPhone 14 made a new record in Vietnam with 55,000 units sold on the first day, equivalent to revenue of VND1.5 trillion ($62.27 million). The iPhone 14 Pro Max accounted for 80% of the sale.

However, retailers do not expect the iPhone 15 to exceed its predecessor in sales this year.

There will likely be less people willing to pay up to VND30 million for a smartphone this year due to tightened spending, said Nguyen Van Cong, a seller of Apple products with many years of experience in the industry.

Retailers already had to lower the price of the iPhone 14 early this year due to falling demand, he added.

The establishment of Apple Store Online in Vietnam also allows customers to make orders directly from Apple and retailers will have to compete in terms of prices and promotions.

FPT Shop, however, is confident that the new iPhone will help improve the financial figures of the chain.

“We expect the number of units sold will slightly exceed that of last year as we do not have any supply issues and our prices are better than Apple Store Online.”

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The best Labor Day sales and deals for 2023 – Warungku Teknologi

Labor Day may mark the unofficial end to summer and the beginning of the school year for many students, but it’s also one of the last big sales weekends before the holiday shopping season ramps up ahead of Black Friday (and Amazon’s next not-Prime Day event).

Now that Labor Day has officially arrived, we’ve been combing through the various Labor Day sales and promos in the world of tech and compiling a list of the best deals here. Not every item is on sale for its best price to date, but there are solid deals available on a range of quality, Verge-approved devices and accessories you can’t go wrong with.

Update September 4th, 12:55PM ET: Adjusted intro language and vetted pricing / availability for all remaining deals.

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Nvidia and AMD say they face new restrictions on AI chip sales – Warungku Teknologi

Nvidia and AMD say they face new restrictions in some Middle Eastern countries, Reuters reports. This widens the restrictions on these chips beyond China and Russia. The new licensing requirement applies to “a subset” of Nvidia’s top-end chips, the company said.

In response, the Biden administration said it “has not blocked” chip sales to the Middle East, Reuters reports. “The Commerce Department declined to comment on whether it had imposed new requirements on specific U.S. companies,” Reuters writes. The Commerce Department, Nvidia, and AMD didn’t immediately respond to requests for comment.

There are also now licensing requirements to export a wide array of products, including networking products, destined for certain end users and for certain end uses in China. During the second quarter of fiscal year 2024, the USG [US government] also informed us of an additional licensing requirement for a subset of A100 and H100 products destined to certain customers and other regions, including some countries in the Middle East

Nvidia added that it didn’t anticipate the constraints would have “an immediate material impact.” AMD received a letter “with similar restrictions,” Reuters says. No specific countries were named, and there was no explanation for the restrictions in Nvidia’s regulatory filing.

Nvidia’s A100 and H100 chips have been the subject of export restrictions by the Biden administration, which seems specifically concerned about their use in China in military applications. Previously, the US government told Nvidia that it wants to “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or ‘military end user’ in China and Russia.” In the most recent filing, Nvidia says there is a risk that “our results and competitive position may be harmed, and we may be effectively excluded from all or part of the China market if there are further changes” in export controls.

Nvidia’s H100 chips are valuable enough that startups can use them as collateral for loans. “I’ve spent this week talking with sources throughout the AI industry, from the big AI labs to cloud providers and small startups, and come away with this: everyone is operating under the assumption that H100s will be nearly impossible to get through at least the first half of next year,” our own Alex Heath has reported. “The lead time for new orders, if you can get them, is roughly six months, or an eternity in the AI space.“

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Cobram Estate’s sales surge after bumper olive crop – Warungku Terkini

Listed Australian olive oil grower and processor Cobram Estate Olives, has recorded a 21 percent year-on-year boost in sales, to $169 million for the last financial year as its foray into the US pays off.

The majority of the sales – $117 million – were from its Cobram Estate brand – the top-selling olive oil in Australian supermarkets – and its newer Red Island brand, which collectively rose by 17 percent.

Sales of Cobram Estate in the US surged 69 percent and turnover in the market reached $43 million, up by 46 percent.

In a results presentation, the company reported a higher-yielding crop last year to 12.5 million litres, offset by a lower margin as the price of producing packaged goods rose.

However, looking forward, the company says the Australian olive oil crop is down this year, however, it still expects to have sufficient oil for its packaged goods targets.

“The sales outlook remains positive, benefiting from a global shortage of olive oil and record high global prices of European olive oil flowing through to both Australia and the US,” the company said.

Established in 1988, Cobram Estate Olives is Australia’s largest producer and marketer of premium quality extra virgin olive oil and owns more than 2.6 million olive trees across 7000ha of farmland in Victoria, and a further 334,000 trees on 558ha in California.

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