AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV ASML.AS on Wednesday posted a better-than-expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.
The company reported sales of 3.96 billion euros ($4.65 billion) in the third quarter ended Sept. 30, ahead of analyst estimates of 3.7 billion euros, and a net profit of 1.06 billion euros. In the third quarter of 2019, ASML reported net profit of 627 million euros and sales of 3 billion euros.
ASML Chief Financial Officer Roger Dassen forecast sales of 3.7 billion euros in the fourth quarter and said the company expected “low double digit” growth in 2021.
ASML has a near monopoly on lithography systems, enormous machines that can cost up to $200 million each and play a vital role in the manufacture of computer chips, mapping out their circuitry.
ASML’s customers include major chipmakers, notably global market leader Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, followed by Samsung Electronics Co Ltd 005930.KS and Intel Corp INTC.O.
Although ASML’s financial performance has not yet been hurt by U.S.-China tensions, it could be affected by a split in the supply lines for semiconductor production, which is highly integrated globally.
The Dutch company had already halted plans to sell its most advanced equipment to China after the U.S. government pressured the Netherlands not to grant export licenses under “dual use” military applications.
Last month, Washington asked U.S. equipment makers to seek a license to ship any equipment to SMIC, China’s oldest and biggest computer chipmaker, over military concerns.
The new U.S. trade curbs on SMIC mean ASML must now apply for a license to sell even older-generation equipment to
PC sales remain on the upswing thanks to purchases made to support remote workers and learners. And it looks as if there’s still a lot of pent-up demand going into the holiday season.
Research firm IDC estimates PC shipments rose 14.6% annually in Q3 to 81.3 million. That compares with 11.2% shipment growth in Q2, and just 2.7% growth in 2019.
Officially, Gartner estimates PC shipments rose just 3.6% to 71.4 million. However, when including Chromebook sales (counted in IDC’s official estimate), Gartner’s estimate for shipment growth rises to 9%.
Along with Chromebooks, Q3 was a strong quarter for gaming PCs and (in certain cases) notebooks with cellular modems, according to IDC. On the flip side, desktop demand was said to be weak in the U.S. and EMEA. Desktop PC sales depend heavily on purchases made to support corporate offices, many of which are of course empty right now.
Demand for gaming products has been strong pretty much across the board in recent months: In September, supplies of graphics cards based on Nvidia’s (NVDA) – Get Report new GeForce RTX 3080 and 3090 gaming GPUs quickly sold out at major retailers, and Sony (SNE) – Get Report and Microsoft (MSFT) – Get Report both saw strong pre-orders for their next-gen consoles.
Between them, top-3 PC OEMs Lenovo, HP (HPQ) – Get Report and Dell Technologies (DELL) – Get Report accounted for 61.5% of Q3 shipments, per IDC. Lenovo and HP’s shipments were each estimated to be up more than 11%, while Dell’s shipments, which skew heavily towards corporate buyers, were estimated to have dropped slightly.
Apple (AAPL) – Get Report, whose Mac revenue rose 22% annually during its June quarter, was estimated to have an 8.5% unit
Snap, parent company of Snapchat, has hired Alexa Levine as U.S. head of entertainment.
Levine comes to Snap from Facebook, where she worked for three years oversaw the company’s film, TV, streaming and live event ad clients as industry manager for entertainment. Prior to joining Facebook in 2017, she had a variety of roles at Google — including, most recently, senior account executive, media and entertainment — as well as Microsoft and ad agency Omnicom.
At Snap, Levine is responsible for leading the company’s entertainment sales team and working with U.S. entertainment clients advertising on the platform. Based in Los Angeles. Levine reports to Clayton Peters, U.S. head of verticals, who oversees Snapâ€™s enterprise verticals.
Levine holds a bachelor’s degree in business and hotel management from Cornell University and an MBA from the Ross School of Business at the University of Michigan.
Snap continues to bulk up its originals slate for Snapchat. Earlier this month, it premiered “Coach Kev” starring Kevin Hart and announced three docuseries coming to the platform in 2021 following Loren Gray, Trippie Redd and Swae Lee. On the ad front, Snap announced that it is rolling out First Commercial, a takeover offering that guarantees advertisers that Snapchat users see their non-skippable 6-second ad before any other spots on the app on a given day, to be widely available in the U.S. and U.K. this month.
As of the end of June 2020, Snapchat reported 238 million daily active users, up 17% year-over-year. The company claims Snapchat reaches over 100 million people in the U.S. alone, including over 90% of 13-24 year-olds and over 75% of 13-34 year-olds.
Software and marketing solution provider HM Optimisation announces the launch of GrooveFunnels, an integrated online business suite that includes 20 e-commerce apps.
HM Optimisation, a software solution and digital marketing provider based in Europe, announces that it will begin offering the new GrooveFunnels all-in-one business software package. The platform is an integrated suite of 20 e-commerce apps and utilises a centralised customer support team.
More information about GrooveFunnels is available via https://groovepages.groovesell.com/a/q39MqnolE4tU
The firm offers GrooveFunnels as a cost-efficient platform that provides companies with the complete tools to power an online business. HM Optimisation notes that with a unified platform, customer representatives can provide support for all the apps, saving business owners time and effort.
GrooveFunnels is ideal for businesses that are currently “duct-taping” several e-commerce solutions and want a streamlined alternative. HM Optimisation adds that this package is especially helpful for the niches it serves, including small business, medical practices, and service contractors.
Interested parties may subscribe to GrooveFunnels by paying a one-time fee, which gives them lifetime access to all the apps. They may also take advantage of the free basic plan, which offers access to all the apps but with limited functionality.
The Platinum version includes tools for website design, sales funnel creation, email marketing integration, e-commerce shopping carts, and payment gateways, among others. It also offers integrated web hosting, as well as unlimited storage for videos and live streams.
GrooveFunnels features a built-in affiliate marketing program that enables users to earn residual income through product referrals. Customer engagement tools such as a survey platform and a CRM system are also included in the plan.
HM Optimisation says that getting an all-in-one system instead of subscribing to services on a piecemeal basis can yield significant savings. GrooveFunnels offers a 30-day, money-back guarantee with all Platinum subscriptions.
Did COVID-19 steal your sales? This is how 9 Latin American startups successfully entered e-commerce
5 min read
Opinions expressed by Entrepreneur contributors are their own.
Technological innovation and process optimization are booming. Changes and restrictions in physical interaction since the pandemic have forced companies to change the way they operate and do business, the recent McKinsey & Company survey “What 800 executives envision for the postpandemic workface ” conducted of executives of companies around the world, shows that a third of companies have accelerated the digitization of their supply chains, half have accelerated the digitization of their customer service channels, and two-thirds have more quickly adopted artificial intelligence and automation.
Undoubtedly, the pandemic has shown us that the digitization of companies of any size is necessary and that being prepared and being able to adapt quickly is essential. There has been an important evolution in consumer habits and in the adoption of purchasing through digital media, as mentioned in the eMarketer report, Latin America Ecommerce 2020 ( How COVID-19 will affect growth and sales in Argentina , Brazil and Mexico ), the region will have 191.7 million digital buyers and more than 10.8 million consumers will make a digital purchase for the first time this year.
In the region there are startups that are helping this entire process, standing out for presenting relevant innovations for sales processes, for promoting the digital transformation of companies through disruptive solutions that help them automate logistics and delivery processes, to increase productivity, for promoting customer loyalty and for allowing correct decision-making with the use of Big Data .
Here are some examples of these solutions, and the name of the startups that lead these changes, promoted by and belonging to Wayra , the Venture Capital of Telefónica