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HarmonyOS: Apple, Google to Lose Emerging Markets

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  • HarmonyOS: Apple, Google to Lose Emerging Markets

Following US sanctions that prohibited American companies from dealing with Chinese companies –including Google, Android manufacturer –Huawei, the world’s second-largest smartphone manufacturer, has now launched its own operating system, HongmengOS.

Richard Yu, the CEO of the consumer division, Huawei, said the operating system –the HongmengOS, known as HarmonyOS in English can work across different devices from smartphones to smart speakers and even small sensors.

According to Yu, HarmonyOS is part of Huawei Internet of Things–connecting more internet devices.

The company plans to first implement the new operating system on “smart screen products” later this year and gradually roll it out on other devices over the next three years.

HarmonyOS will first launch in China before Huawei push it to other emerging markets.

The new operating system is expected to further Chinese companies’ reach in emerging markets where they already have the largest smartphone market share ahead of Samsung and Apple.

China’s major smartphone brands, Huawei, OPPO, Vivo, Xiaomi, and Realme (HOVXR), have combined global market share of 42 percent in the second quarter of 2019 despite the sanctions.

In the same quarter, Samsung shipped 76.6 million units, up 7.1 percent from 71.5 million units shipped in the second quarter of 2018.

Huawei came second with 56.7 million, 4.6 percent higher than 54.2 million shipped a year ago. Apple came third with 36.4 million, down by 11.9 percent from 41.3 million shipped a year ago.

Xiaomi, OPPO, Vivo, Lenovo, and Realme exported 32.3 million, 29 million, 27 million, 9.5 million and 4.7 million, up 0.9 percent, -2 percent, 2.1 percent, 6 percent and 848 percent.

Chinese companies exported mainly to emerging markets using competitive pricing strategy to penetrate the largely untapped low-income markets. However, because all these companies use Android operating system, they are expected to switch to HarmonyOS if the US-China failed to reach a trade agreement.

According to Varun Mishra, Research Analyst at Counterpoint Research, “Heavy marketing, faster portfolio refresh, high spec devices at aggressive prices, and multi-channel presence are some of the key reasons why Chinese brands fared better than the local and global OEMs. These brands have been aggressively expanding outside China and achieving growth offsetting the saturation in their home market. Their strategies and product portfolios are more aligned to the local needs and preferences, which is one of their key strengths.”

Prior to the launching of HarmonyOS, experts projected a further decline in Huawei smartphone shipment due to the US sanctions but with the company announcing HarmonyOS and planning to make it an open-source to drive apps development and broaden it adaptability to more devices, Chinese smartphone companies are poised to capture more emerging markets going forward or the US would be forced to pull back and allow Android to continue servicing existing Chinese users after the expiration of 90 days grace period.

Yu said making HarmonyOS open-source could help the OS scale and attract a large number of useful apps.

He said, without mentioning any name, “many” app developers “have strong interest” in using HarmonyOS.

He added that he thinks Apple’s iOS and Android don’t cater for enough internet devices, therefore, the companies plan to throw open HarmonyOS for faster growth.

Again, a lot of American developers looking to break into China, over 1.3 billion market and other emerging economies, will jump on the opportunity, giving HarmonyOS access to some of the world’s best developers. The only thing synonymous with Apple iOS and Android.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Telecommunications

Lagos Residents Frustrated by Rapid Data Drain, Call for NCC Action

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Telecommunications - Investors King

Lagos residents are expressing increasing frustration over what they describe as the rapid depletion of their data bundles.

Many subscribers are now calling on the Nigerian Communications Commission (NCC) to address their concerns as they suspect changes in billing practices by telecommunication providers.

Numerous subscribers have reported that their data does not last as long as it used to. A Lagos-based teacher, Mrs. Nafidah Zaynab, shared her experience, stating that a N2,000 data bundle, which previously lasted almost a month, now depletes within just a few days.

This sentiment is echoed by many, including Idowu Anabili, a trader who has reduced his data usage due to rising costs.

Abdullahi Yunus, who runs a café, noted a significant increase in his data expenses, spending between N70,000 and N100,000 monthly, up from N30,000. He attributes this spike to faster data consumption.

Telecom operators deny any wrongdoing, attributing the faster data consumption to increased usage by subscribers.

An anonymous official from MTN explained that the variety of activities performed on smartphones has increased, leading to faster data usage.

Airtel Nigeria’s spokesperson, Mr. Femi Adeniran, suggested that background apps and high-definition streaming contribute to the issue.

Despite complaints, operators assert they have not officially increased data prices. They emphasize that automatic app updates and other technical factors may be responsible for the perceived quick depletion.

Experts suggest that the challenging economic climate may be pressuring telecom companies to subtly reduce data value.

The industry has reported a 43% rise in operational costs, although no formal tariff hikes have been announced.

The NCC has clarified that it has not authorized any increase in data tariffs. The commission highlights technical factors like automatic video play and app updates as potential causes for quick data depletion.

In a bid to assist consumers, the NCC has advised turning on data saver modes and managing app updates to conserve data.

To combat the issue, Mobile Network Operators (MNOs) have initiated a campaign to educate consumers on optimizing their data usage.

They recommend practices such as disabling automatic updates and closing unused apps.

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Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

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Facebook Meta

In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

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Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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