Hyundai Motor lowest earnings in more than 5 years

Hyundai Motor lowest earnings in more than 5 years
Two days ago I post here the top ten best selling car in 2014 and Hyundai is not one of them. Now I just read that the company has the lowest earning after 5 years in the business. It ranks 4th in the car manufacturing in the world.

SEOUL, South Korea—Hyundai Motor Co. reported Thursday its lowest quarterly earnings in more than five years after losing ground to local brands in China and underestimating strong demand for SUVs.

 South Korea’s largest automaker said its third quarter net income was 1.2 trillion won ($1.1 billion) for July-September quarter, slumping more than 25 percent over a year earlier.

 The result, its worst since the first quarter of 2010, was below even the lowest estimate by analysts. The maker of Sonata and Tucson vehicles was expected to post 1.5 trillion won in quarterly profit, according to a survey of analysts by FactSet, a financial data provider.
Hyundai Motor

 Hyundai has suffered from weakening sales in China like some other foreign brands while its lack of new SUV models until recently led to lower share in key markets. The company has focused on sedans rather than SUVs, misreading consumer demand at a time of sluggish global demand for sedans such as the Elantra.

 Hyundai, part of the world’s fifth-largest automaker along with affiliate Kia Motors Corp., faced a slew of challenges in China, the US and South Korea.

 Its China sales plunged 30 percent in July over a year earlier and then sank 16 percent in August as Chinese auto brands introduced new models. The decline was narrowed to 5 percent in September.

Lee Won-hee, Hyundai’s chief financial officer, said its sales in China will turn higher this month compared with a year earlier, helped by a cut in tax on auto purchases.

In the US, the company last month recalled nearly half a million Sonata sedans for a possible engine flaw. It also gave more generous incentives to car buyers to compete with Japanese automakers, Lee said.

In South Korea, Hyundai’s labor union staged a strike for three days last month during the annual wage negotiations, affecting operations at all domestic plants.

During the third quarter, sales rose 10 percent to 23.4 trillion won while operating profit dropped 9 percent to 1.5 trillion won.

The latest result marks a seventh straight quarter of earnings decline for Hyundai.

The fall in its earnings is at odds with an improvement in Hyundai’s brand value. Interbrand, a global brand consultancy, ranked Hyundai Motor as 39th most valuable brand in the world, up one notch from a year earlier.
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The Top Selling Cars of 2014

The Top Selling Cars of 2014
Many cars are now cheaper, fuel savers and decent to look. I am a car enthusiast but since I am not rich I will just post here the top ten best selling cars in 2014. For me I will choose a car that is fuel economy  because gasoline is very expensive today. Another feature that I like is safety and the last one is convenience. I just learn how to drive recently and I must say that I really enjoy using our company car. Here in Middle East gasoline is not a problem, it is very cheap. Water is more expensive if you may ask. It is also advisable to have car in Middle East because bus is not common here and taxi is very expensive.

 TOYOTA PRIUS (HYBRID)
This little hybrid is as popular in Europe as it is in the United States. After Toyota’s success with this model, they produced two more versions: Prius V (the bigger version) and Prius C. The interior of Toyota Prius is comfy and looks decent, but the best thing about it is its fuel economy and the fact that it is a hybrid, of course. And it is affordable – around $24,000.

 HONDA ACCORD
Another Japanese beauty ranks quite high in all lists of top selling cars for this year: Honda Accord. Owners say it is comfy, fun to drive and easy to handle, even in bad road conditions. There are 4 and 6 cylinder versions. The first one comes with a 6-speed manual transmission, and the other one comes with a 6-speed automatic transmission (you can also opt for manual transmission if you buy a model with V6).

 TOYOTA RAV4
This SUV ranks high in nearly all lists of good affordable cars. The engine power, spacious interior, quality materials, nice exterior and good fuel economy make this car worth the money. They wanted to improve this model even more, so they also reinforced the windshield so you don’t hear the noise coming from the outside.

 HONDA CR-V
A beautiful and reliable car. Whatever you need it for, you will be happy with it. And there is one more thing that makes this car worth your money: fuel economy. There are very few cars in this class that can compete with the CR-V.

 FORD FUSION
This sedan is not too big, so don’t expect it to be good for longer rides. Its four cylinder engine is not too impressive, but if you need it for city rides, you will be happy with it. It also looks quite good. The interior is spacious, comfy and made of nice looking materials.

 HONDA CIVIC
Another Honda that deserves to be on this list. They made it better than most other cars in this class. It normally comes with accessories like Blutooth connectivity for phone and a camera. It is very easy to drive and there is enough space inside the car. If you decide to sell it, you might still get good money for your used Civic.

 TOYOTA CAMRY
One of the most popular midsize sedans. If you are looking to buy one, you might want to wait for an even better version: 2015 model. If you want to buy a Toyota Camry this year, you will still be happy with the current model. Its V6 provides enough power, the car is comfy on the inside and looks good on the outside. There is also a hybrid version.

 KIA OPTIMA
This midsize sedan is beautiful and made with taste. Evethough it comes with a V4 engine, owners say they are happy with its power. It performs quite well, even on winding roads and in bad road conditions. The brakes are excellent. The current model comes with some additional cool stuff, like cooling glove box, Bluetooth, satellite radio, etc.

 TOYOTA COROLLA
Some owners complain about bad acceleration, but that was expected, considering the fact that it comes with a weak four cylinder engine. However, fuel economy is good, and the ride in general is comfy (unless you plan to use it for long rides ouside the city). The interior could have been made nicer, with less plastic in it.

 NISSAN ALTIMA
Evethough it comes with a V4 engine, it feels like it has enough power, which makes it fun to drive and easy to handle. It performs well even on the highways. If you still want more power, you can get one of these with a V6 engine. Owners are also happy with the interior and space. The car looks ellengant, both inside and out.
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Samsung's Galaxy S7 Will Have A USB Type-C Port According to Rumors

Samsung's Galaxy S7 Will Have A USB Type-C Port According to Rumors
Samsung's flagship Galaxy S6 smartphone is still famous and marketable, but talks pertaining to its successor the Galaxy S7 are already gaining traction.
The latest buzz suggests that the next-gen Galaxy S7 phablet will be taking things in a different direction and could well be sporting a USB Type-C port instead of the current microUSB one.
The new information comes courtesy of SamMobile which cites reliable sources.
"It might not come as a surprise to some, but our sources have confirmed that the Galaxy S7 will come with a USB Type-C port instead of a standard microUSB port," reveals the publication.
The USB Type-C port is being touted as the next big thing for smartphones as it uses a reversible cable, which can be plugged into any device in any manner. Another advantage of this connector if that it speeds up the charging of a mobile device in tandem with USB 3.1. Moreover, the USB Type-C connector also aids smoother and quicker transfer of data when compared to a USB 3.0.
Several new devices such as the Nexus 5X, as we reported, are said to be shipping with the USB Type-C connector. The new Dell tablets i.e. the Venue 8 Pro and Venue 10 Pro will also come with the new USB standard when they hit the shelves in mid-November.
Even the eagerly-awaited OnePlus 2 smartphone from OnePlus, like its predecessor, will be adopting the USB Type-C port.
It would follow the logic that Samsung also embraces the USB Type-C port for its future smartphones to stay relevant. Therefore, the news that the Galaxy S7 will have the USB Type-C port is not surprising.
Rumors have also been rife that the Galaxy S7 could take a leaf out of Apple's book and have ClearForce technology to take on 3D Touch. The smartphone is also anticipated to sport a 5.7-inch QHD screen and a magnesium alloy body.
Rumors also point to a 16 MP primary and 5 MP selfie camera for the smartphone which will boast 4 GB of RAM. The smartphone could house the Snapdragon 820 processor, Exynos M1 chip or the Exynos 7422 chipset depending on the region it is headed.

From Techtimes.com
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Think The iPhone 6s Is Expensive? What do you think in India?

Think The iPhone 6s Is Expensive? What do you think in India?
The iPhone 6s does not come cheap, but for a certain country, the price tag is the highest that customers need to pay to acquire Apple's latest smartphone.
The iPhone 6s will be launched on Oct. 16 in India, which is three weeks after the device was released to most of the western world. In addition to the delayed launch, customers will have to pay the most for the iPhone 6s compared to all other countries.
In India, the price tag for the 16GB model of the iPhone 6s is 62,000 rupees, which is equivalent to $955. The 128GB model of the iPhone 6s Plus, on the other end of the spectrum, will come with a price tag of 92,000 rupees, which is equivalent to $1,415.
Using the bottom and top models of the iPhone 6s as the reference points, CNET pointed out that Indian customers will be paying $306 more for the 16GB iPhone 6s and $466 more for the 128GB iPhone 6s Plus.
What is ironic with the high selling prices for the iPhone 6s in India is that it could prove to be a costly decision for Apple, as analysts are saying that with prices too high, almost all of the prospective customers for the device will not be able to afford the smartphone.
Rival Samsung has a presence in India, with the Galaxy S6 coming with a price tag of 40,000 rupees, which is about $615. However, the best-selling smartphones are the budget devices that come with price tags below the equivalent of $200, such as the RedMi line of Chinese mobile phone manufacturer Xiaomi and the devices released by local company Micromax.
"Anything above 60,000 rupees is way out of reach for even an average rich urban consumer," said Counterpoint Research director Neil Shah.
Apple had good sales in India for its last fiscal year of October 2014 to September 2015 with 1.7 million units sold, representing an increase of 55 percent compared to the previous fiscal year. However, only half of the iPhones sold during the period were from the iPhone 6s series, which according to Shah, reflects the price affordability of the iPhone customers in India.
The iPhone 6, upon its launch last year in India, had a price of 56,000 rupees for the 16GB model, equivalent to $865.

From Techtimes.com
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Apple Awarded Patent For Curved And Flexible Display like Samsung: How Is It Different From The Galaxy S6 Edge's Screen?

Apple Awarded Patent For Curved And Flexible Display like Samsung: How Is It Different From The Galaxy S6 Edge's Screen?
Smartphone lovers could soon see an iPhone with a curved and flexible display as Apple has been awarded a patent for the same. Everybody loves iPhone even the price is high than the cheaper Samsung with same capability. Brand can sway people to buy.
The concept of the display may not sound novel as the Samsung Galaxy S6 Edge currently boasts a curved screen. However, what sets the Apple Patent apart is that not only does it cover a curved screen, but also the capacity to make the display a flexible one.
The patent for the "flexible wraparound display" was filed by Apple in 2013 and spotted by Patently Apple.
"Apple's newly granted patent covers their invention relating to a consumer electronic product such as an iPhone that includes at least a transparent housing and a flexible display assembly enclosed within the transparent housing. In the described embodiment, the flexible display assembly is configured to present visual content at any portion of the transparent housing," per the publication.
iPhone
Potentially, not only can Apple's next-gen iPhone 7 can use both the sides as a display, but also mold the screen into any shape the company pleases. So basically, if Apple implements the wraparound display patent technology for the iPhone 7, it would be able to make the smartphone sport a spherical, cylindrical or any shape it chooses.
Moreover, the Cupertino-based company would have the green signal to create a smartphone that pretty much is made up of a 100 percent display! Apple can stick to the 4.7-inch screen size and still show more content than rival smartphone offerings which are bigger. The company can devise a method whereby the screen folds in such a manner that it would seem that an image or video is in an incessant loop.
Apple could take things several leagues ahead and create an iPhone which is made completely out of glass. Its latest 3D Touch technology could completely negate the need for physical volume, home and lock buttons.
The flexible screen would offer Apple the opportunity to experiment with inserting a second display behind the first one so as to create 3D images with some ingenious programming. The two screens would create an illusion of depth and recreate a 3D experience.

Taken from Techtimes.com
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