Leading electronics brands are releasing their new consumer products as the peak third season arrived. Novel smartphones, tablets and wearables adopting innovative technologies continue to draw attention from the market. However, the ongoing pandemic has led to global economy decline so that the most eye-catching flagship smartphones lose their edges as they are usually more expensive. People who used to go for the high-end products may now turn to mid-range or budget smartphone under such circumstance. As a result, iPhone SE, the mid-range product of Apple, led to an unexpected s...

Signify, the world’s largest lighting company, recently suspended its 2020 financial outlook and cut 20% wage of its employees in response to the COVID-19 pandemic. On April 22, the company further published a press release explaining its perspective of the crisis. Stephen Rouatt, Signify’s Head of Strategy, Alliances and Market Insights, looks at the economic impact of the coronavirus pandemic Rouatt said that the impacts on the global economy caused by COVID-19 will likely to continue until 2021 depending on how governments around the world contain th...

Osram announced in its latest press release that the company will shift production of its cinema lamp to Berlin and close the production site in Eichstätt, a Bavarian town in Germany. Osram said the decision is made in response to structural changes in the cinema industry and additional economic challenges being faced as a result of the coronavirus. The market for cinema lamps is impacted by the pandemic as people are not able to go to cinemas, leading to shrinking demands and production decline. German media Die Welt reported that the measure was criticized by IG M...