Latest news with #BOE
Phone Arena
8 hours ago
- Business
- Phone Arena
Samsung set to win infringement case which will impact iPhone 17e prices
Samsung filed an infringement case against Chinese display manufacturer BOE ages ago, and is now set to win after a recent ruling by the ITC ( International Trade Commission ). When the case concludes, the results will be a major blow to BOE, and will most likely negatively impact the pricing of the iPhone ITC has ruled ( translated source ) that BOE infringed on Samsung Display's trade secrets. Furthermore, new restrictions are currently set to be placed on BOE, which will prevent any products containing its display panels from being imported into the U.S. This will be problematic for Samsung's largest rival in the smartphone space: Apple. Apple has used BOE for its more affordable displays for years, particularly on budget offerings like the iPhone 16e. The iPhone 17e was likely going to use BOE panels as well, but may no longer be allowed to do so. This will almost assuredly result in prices going up. Additionally, BOE had just scored a major win with Apple, having been entrusted with iPhone 17 display production for the Chinese market. Until very recently, BOE had been failing to meet Apple's standards, and was set to lose out on iPhone 17 orders entirely. While the ITC's ruling shouldn't affect devices being made for Chinese consumers, it will make it much more difficult for BOE to conduct further business with Apple. The iPhone 16e uses displays manufactured by BOE. | Video credit — Apple Apple has been trying to shift entirely to using displays provided by BOE for years. The manufacturer was recently projected to have the majority share of MacBook displays as well. Simply put, BOE provided displays at more affordable rates than Samsung Display and LG Display. As such, Apple saw it as a means to reduce manufacturing there was always something going wrong with BOE's attempts. Either its displays wouldn't meet the standards for global implementation on the top-end iPhone models, or it would try to pull a fast one on Apple. This new development may be the final nail in the coffin for BOE for a very long time. It all depends on whether the company is able to catch up to its competitors quickly, hopefully by its own merit this time. Secure your connection now at a bargain price! We may earn a commission if you make a purchase Check Out The Offer
Business Times
16 hours ago
- Business
- Business Times
UK government to make new push to cut red tape for businesses aiming to cut emissions
[LONDON] British finance minister Rachel Reeves will task regulators this week with lowering barriers to businesses seeking to cut their emissions, in a major speech she is to give to the financial services sector, a government source told Reuters on Monday (Jul 14). Britain's Financial Conduct Authority, together with the Bank of England (BOE) and the partly government-backed Green Finance Institute, will run a pilot project to assess where regulatory and other barriers exist to projects focused on enabling businesses with high carbon emissions to lower them. Reeves is expected to make the announcement at her annual Mansion House speech to London's financial sector on Tuesday, where she will speak alongside BOE governor Andrew Bailey. In last year's speech, Reeves said regulators had placed too little emphasis on supporting economic growth, one of the newly elected Labour government's main goals. Since then, growth has been lacklustre overall despite a strong first quarter, and many economists expect Reeves will have to raise taxes by tens of billions of pounds in the annual budget later this year to keep public finances on track. Faster growth would ease many of the government's political and economic difficulties and the government views green finance as having the potential to generate up to £200 billion (S$346 billion) in revenue for the economy. The Transition Finance Pilot will be a small part of that. A finance ministry source said it would focus on looking in detail at how climate projects are financed and working with stakeholders in the market to identify specific barriers and how regulators and other stakeholders could resolve them. The pilot project follows an external review of transition finance commissioned by the previous Conservative government which was published in October. This highlighted barriers including the riskiness of unproven carbon-reduction technologies, uncertainty about future government incentives and fears of reputational damage from projects which aim to reduce emissions rather than eliminate them entirely. REUTERS
Bloomberg
3 days ago
- Business
- Bloomberg
UK Economy Shrinks Again in Fresh Blow to Starmer & Reeves
The UK economy shrank for a second month-in-a-row in May, as the country struggled to bounce back from the blow dealt by US tariffs and a raft of tax increases. GDP declined by 0.1% in the month before last, after contracting 0.3% in April and leaving the economy at risk of a contraction over the second quarter. the figures deliver a fresh blow to Prime Minister Keir Starmer and Chancellor Rachel Reeves after a recent series of political setbacks. However as inflationary pressures ease -- money markets are betting the BOE will cut interest rates in August and again by the end of the year with further reductions in 2026. Bloomberg's Chief UK Economist Dan Hanson joined Stephen Carroll and Caroline Hepker on Bloomberg Radio with the details. (Source: Bloomberg)
Phone Arena
4 days ago
- Business
- Phone Arena
In a major twist, Apple entrusts iPhone 17 display production to Chinese manufacturer
*Image credit — iDeviceHelp Do you consider BOE panels inferior? Yes No Don't know Yes 0% No 0% Don't know 0% iPhone 17 iPhone 17 iPhone 17 Receive the latest Apple news Subscribe By subscribing you agree to our terms and conditions and privacy policy Just a few days ago, it was revealed that Apple was excluding Chinese display manufacturer BOE from the iPhone 17 supply chain due to it failing to meet the strict requirements in place. Now, an industry insider reports that Apple has reversed course, and has in fact entrusted BOE with display production for its upcoming flagship kicker here seems to be that this will be limited to just the Chinese market for now, with other regions getting Samsung and LG panels instead. BOE, despite its complicated relationship with Apple, has manufactured display panels for the latter as recently as this year for the iPhone 16e This year, the manufacturer failed to meet the standards that Apple has imposed for the upcominglineup. All of themodels will apparently come with a 120 Hz LTPO OLED display, or what Apple has dubbed ProMotion. Until now, it seemed that BOE would miss out on securing orders for theseries Apple has approved BOE to manufacture panels for the upcoming flagships, but only in China, that could mean a number of things. Either BOE won't be able to produce panels as good as its competitors, or there isn't enough time to let BOE manufacture for the entire world's supply. If the former is true, then Chinese consumers may be getting the short end of the stick this year.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
BOE Will Reflect on Steeper Curve in Quantitative Tightening Review, Bailey Says
The Bank of England will take account of the rise in yields on longer maturity government bonds as it considers how far to reduce its portfolio of gilts over the coming year, Gov. Andrew Bailey said Wednesday. Like other central banks, the BOE has been reducing the portfolio of government bonds it acquired as a result of its efforts to boost the economy through a policy known as quantitative easing.
