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Samsung benefits plunge as smartphone and chip businesses struggle

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The South Korean tech organization said Tuesday that its fourth-quarter working benefit is set to plunge nearly 30% from a year sooner. It blamed the sharp drop on “lackluster demand” for its memory chips and “intensifying competition” in the smartphone industry.

Samsung’s direction comes after Apple (AAPL) set off alerts a week ago by notice that it will sell less iPhones than previously expected, fundamentally due to disappointing demand in China amid an ongoing trade war with the United States.

Samsung, the world’s biggest smartphone maker, didn’t mention China specifically in its income direction on Tuesday, however it said “mounting” macroeconomic uncertainties are affecting its business.

China, the world’s biggest smartphone market, is experiencing a deepening economic slowdown that’s affecting businesses around the globe. And in addition selling its very own phones, Samsung supplies key parts like chips and display screens to other major device manufacturers. Apple’s most recent iPhones utilize Samsung’s OLED screens.

The South Korean organization said it anticipates working benefit for the fourth quarter of 2018 to come in at 10.8 trillion won ($9.6 billion), contrasted and about 15.2 trillion won ($13.5 billion) in a similar period a year sooner. It predicted deals will drop about 11% to 59 trillion won ($52.5 billion).

It cautioned the weak performance is probably going to keep, predicting its earnings will “remain subdued in the first quarter of 2019 due to difficult conditions for the memory business.”

Analysts were not astounded by Samsung’s dreary conjecture. “There is obviously the competition from the Chinese players that is limiting the growth of Samsung in many markets including the high-growth ones like India and South East Asia,” said Kiranjeet Kaur, a Singapore-based analyst with research firm IDC.

As indicated by IDC’s most recent report, Samsung still sells the most gadgets globally, however experienced a 13% decrease in deals in the third quarter of 2018, contrasted and a similar period a year sooner. Chinese smartphone producer Huawei, then, posted 33% development.

And while many smartphone makers still use Samsung as a provider, memory chip costs have “passed their peak days,” Kaur included.

Samsung will report full fourth-quarter results toward the finish of this current month. Paula Hancocks contributed to this report.

Dan Smith is probably best known for his writing skill, which was adapted into news articles. He earned degree in Literature from Chicago University. He published his first book while an English instructor. After that he published 8 books in his career. He has more than six years’ experience in publication. And now he works as a writer of news on Apsters Media website which is related to news analysis from entertainment and technology industry.

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The Adventurous World of International Merchants Accounts

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An international merchant account allows you to accept payments from customers worldwide. This means that your business can serve global customer needs without worrying about currency conversion or regional regulations.

They can also take advantage of one convenient payment processor, so they’re not burdened with setup fees and recurring charges. Some companies offer merchant accounts in partnership with global payment processors, but others offer specialized merchant accounts designed to handle international payments.

A customized international merchant account will allow you to accept major credit and debit cards from countries worldwide, including major markets such as North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East. Some people consider APAC the fastest-growing region in terms of online sales, which is why many international merchants choose to set up their business there.

In addition to accepting payments from customers worldwide, you can also accept funds via bank transfers and wire transfers from selected countries. This will give your international business a financial edge because you’ll gain access to two different payment processing methods without having to rely on any third-party intermediaries.

The best part is, both international bank transfers and wire transfers offer low fees that you can pass along to your customers in the form of lower price points for goods and services.

Why Should You Get An International Merchant Account?

While the benefits of having an international business are numerous, one that stands out is your ability to process payments from customers all over the world without incurring high costs or risks.

International merchant accounts allow businesses to get paid in their local currency and pass along those savings to customers who want to make bigger purchases.

The best part about it is that you’ll have the option to accept different forms of payment, including credit cards, debit cards, bank transfers, and wire transfers.

If your company processes more than $1 million a year in international transactions, then it’s most likely time to get an integrated payment processing solution that can help merchants expand their business globally without having to worry about currency conversion rates.

Some people think it’s expensive to process international payments due to exchange rates and other foreign transaction fees, but that’s not always the case.

The best part about an integrated international payment processing solution is that you’ll have access to services such as a virtual terminal so you can accept card-not-present transactions without having to invest in expensive infrastructure.

Some payment processors offer virtual terminals, but others require installing an application on your computer and a card reader. Hence, you must choose the right solution for your business.

When it comes down to international merchant accounts, there are plenty of companies out there, including giant networks like Worldpay. Still, they often have hidden fees with setup costs in the thousands and recurring charges that can add over $1 million a year.

For example, it’s not uncommon for these companies to charge upwards of 10% in expenses for accepting international payments. The best part about local and regional payment processors is that they offer international merchant accounts with competitive pricing, so you’ll never have to pay setup or recurring charges to accept payments from online customers around the world.

How To Open A New International Merchant Account

If you’re interested in opening a new international merchant account, there are plenty of options out there, but one that stands out from the rest is Payment Alliance International (PAI).

They offer merchants everything they need to process online sales, including an integrated payment gateway and virtual terminal. PAI also offers access to over 60 local and regional payment gateways in over 30 countries worldwide.

The best part about their virtual terminal is that it integrates with QuickBooks, Xero, and Sage, so it’s easy to manage your business finances.

Accessing the Payment Alliance International gateway couldn’t be easier since you’ll only need to log in to your account through any browser on any computer or mobile device.

You can also access the payment gateway from your office desk using any Windows PC. The best part about it is that PAI offers 24/7 support, so you’ll have a direct line to their customer service team when you need help making changes or troubleshooting issues.

What To Consider Before Signing Up For International Merchant Account?

Before you sign up for an international merchant account, you must compare the costs between different companies. There are many factors to consider, including transaction fees and monthly maintenance charges, just to name a few.

When comparing these things, there are other fees to look at, such as setup costs, recurring charges, and penalties, so you should evaluate each merchant account based on all of those things.

Remember, the best way to get a good deal is to shop around but make sure that you stay at least three months or more because many companies will try to lock you into an annual contract at first with high setup fees.

You also need to consider some hidden costs associated with international merchant accounts, including network access charges, cross-border fees, and currency conversion costs.

When choosing a payment gateway, you’ll want to ensure that it supports all of the currencies, payment methods, and gateways you need for your business. Different payment processors also support different transactions, including 3DSecure/SSL, virtual terminals, or credit card machines. You’ll need to choose a payment gateway that will support all of the different transactions your business is likely to process.

Pros And Cons Of Having An International Merchant Account

Pros:

  • You will be able to broaden your business from local production to international sales.
  • There are no up-front charges or monthly fees that you need to pay.
  • It is easy and convenient for customers living abroad because they can use their credit cards in your stores.
  • You will save on the transaction fees that you have to spend when accepting payments via cash or checks.

Cons:

  • The process of opening an account may take some time because it depends on the merchant account provider whether they approve you instantly or require a credit check first. All you need to do when waiting for approval is wait patiently.
  • If a customer does not pay with a credit card, then there can be difficulties with customer service.
  • It is easy for your credit card to become swiped by fraudsters and get stolen, thus you may need to pay a fee in order to replace it.

Final Word

International Merchant Accounts are great tools that permit owners of online businesses to sell their products or services internationally, which opens the door to billions of potential customers.

An international merchant account can help you get your business started on an international level. It will be easier for you to expand your sales and increase profits in the future using the services provided by this account.

Why Choose PayPound ?

Below are the smart reasons to choose Paypound

            •           Huge network

            •           Quick and easy set-up

            •           Intuitive dashboard

            •           Secure transactions

            •           Great customer service

Contact us at

(+44) 800 832 1733

[email protected]

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Here’s How Bitcoin Depot® Aims to Make Crypto Even More Accessible in 2021

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Crypto ATMs or Digital Currency Kiosks (DCKs) are commonly found in areas like the U.S., Canada, and the UK. While other countries are still struggling to nail down cryptocurrency regulations, these three countries are leading the crypto-economy. A great example of this is the exponential growth of Bitcoin Depot, the largest and fastest-growing multi-cryptocurrency ATM network that is Bringing Crypto to the Masses™. 

Since 2015, the number of crypto ATMs or crypto ATMs has increased. As of June 2021, the crypto industry reported more than 22,000 crypto ATMs across the world. Bitcoin Depot, the largest of these networks, operates more than 4,000 of them across North America with more on the way.

Brandon Mintz, Founder, President, and CEO of Bitcoin Depot, explains the trends of crypto ATMs and the bright future for his  company, which has more than tripled its ATM count in the last year. Bitcoin Depot is projected to install close to 6,000 crypto ATMs by the end of 2021, and we are rooting for this progress, as these machines and cryptocurrency as a whole are here to stay and change the way we participate in financial services. 

What are Crypto ATMs? 

Crypto ATMs are just like cash ATMs, except they enable you to buy cryptocurrency. Bitcoin Depot offers a cash-to-crypto service, which means that you can get your cryptocurrency in return for cash at a physical location, which eliminates the need for online transactions. “Our crypto ATMs process the entire transaction in two minutes. This makes the act of purchasing digital assets faster than ever,” Mintz says. 

Crypto ATMs have become a part of crypto users’ daily lives, saving them from the tedious effort and delayed process of making an online purchase. This is especially true in the United States, which held 83% of the global crypto ATMs concentrated in North America in 2020. As a result of the growing demand for quick and convenient crypto transactions and the company’s exponential increase in the number of crypto ATMs installed last year, Atlanta-based Bitcoin Depot expanded its team by 130%.  

What Does The Future Hold? 

The number of crypto ATMs is anticipated to continue rising as cryptocurrency becomes  more widely accepted worldwide. “We are aiming to install up to 6,000 crypto ATMs by the end of this year, while advocating for the continued growth of the crypto-economy,” shares Mintz. 

Industry experts are expecting more banks to join the digital economy soon by opening a new chapter of acceptance for digital currencies as a standard form of payment. 

Since crypto ATMs have some significant advantages over traditional forms of payment methods, they are expected to bring about a positive contribution in the growth of cryptocurrency. “If we look at the figures, there has been an astounding growth in the installation by approximately 700% percent since 2016,” adds Mintz as he shares the plans for his company. According to a report, it is predicted that by 2023 that the crypto ATM market will be worth $144.5 million. 

Find Your Nearest Crypto ATM

As Bitcoin Depot continues to thrive, the company is introducing more accessible locations for people in North America. Over the last few months, Bitcoin Depot added thousands of new crypto ATMs throughout the US and Canada where users can instantly and securely buy Bitcoin, Litecoin, and Ethereum using cash. All you need to do is use this crypto ATM locator before heading out and visit the nearest one to complete your purchase! 

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Roosh’s partner Sergey Kartashov (Sergejs Kartasovs) about the development of AI and ML projects in the Ukrainian IT sector

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Today, the best IT professionals from around the world are actively working to implement technologies based on Artificial Intelligence (AI), Machine Learning (ML), and neural networks into our lives. Ukrainian developers keep up with their foreign counterparts: recently, a lot of startups from this field have reached the top in the AppStore and GooglePlay world ratings. Sergey Kartashov (Sergejs Kartasovs), the Senior Partner at technology company Roosh, shared his vision of the future prospects for AI and ML technologies in Ukraine.

The modern academic community no longer classifies AI and ML technologies as theoretical ones, since they are increasingly being applied in practice. The computer games and mobile application developers are already actively using many of the existing practices. Analysts, financial institutions, and even medical institutions apply them as well.

For instance, doctors from China used the AI-based system at the peak of the coronavirus pandemic. With its help, doctors could monitor compliance with quarantine restrictions by citizens of the country. Furthermore, now IT developers are focused to create services that would help diagnose various diseases as quickly and efficiently as possible, using advances from the field of Machine Learning.

As Sergey Kartashov notes, foreign investors willingly put money in the projects implementing AI and ML technologies. In 2020 alone, such projects attracted about 40% of the total investment in the IT sector. Educational projects, the development of drones, and startups from the field of medicine interest the investors the most.

So far, Ukraine cannot boast of such rapid development in the sector of Artificial Intelligence and Machine Learning. Nevertheless, Ukrainian tech companies have already proven that they are capable of creating promising high-quality AI-based projects. Moreover, according to the Senior Partner at Roosh, over the past 10 years, there have been a lot of such products on the Ukrainian market. The expert notes such startups as the text checking service Grammarly, the Viewdle’s technology capable of recognizing objects and faces in images (by the way, Google Inc bought this product to use for its own search engine), and the scoring system Scorto that the financial structures willingly use.

Roosh also has several similar products to its credit. The Reface application is among the most successful of them. The trick of this product is that a user can replace the face of an actor or singer with his or her own and become the main character in the video or GIF. The popularity of the application turned out to be so great that in the fall of 2020 it topped the App Store rating, leaving behind even such projects as TikTok, Netflix, and YouTube.

According to Sergey Kartashov, AI and ML technologies have already become an integral part of our everyday life. These developments are actively used to automatically translate and check the text, scan fingerprints on phones and tablets, and recognize faces in social networks.

The expert argues that what previously seemed an unfeasible future has already become an objective reality. And Ukraine has bright prospects in the field of Artificial Intelligence and Machine Learning along with the world’s tech giants.

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