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Tag: samsung

  • Korea’s Samsung and LG TV Prices Are 2~3 times Expensive than Those of USA’s

    Korea’s Samsung and LG TV Prices Are 2~3 times Expensive than Those of USA’s

    During the Black Friday event in the United States in November 2015, Samsung Electronics’ 55-inch SUHD TV was sold at a price of 1.15 million won. This was when it was sold at a price of around 3 million won at retail stores in Korea.

    LG Electronics’ 65-inch UHD TV was sold at a price of around 5 million won in domestic consumer electronics stores, much higher than its U.S. price of 2.43 million won.

    Samsung SUHD_JS9500

    The prices of consumer electronics items are staying high in Korea. The average domestic sales prices of TVs, smartphones, laptop computers, tablet computers, vacuum cleaners, and coffee makers are higher than those of major industrialized countries, including the United States, Germany, and Japan. This is the background behind last year’s 20-percent increase in Koreans’ online purchase of foriegn products.

    Most of Korean home electronics items come equipped with “excessive features.” Unlike major foreign home electronics companies which focus on core functionalities, Korean counterparts are raising the prices of their products by adding a variety of high-end specs.

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  • Starbucks app debuts on the Samsung Gear S2 smartwatch in Korea

    Starbucks app debuts on the Samsung Gear S2 smartwatch in Korea

    Starbucks Coffee Korea launched in November the new Starbucks app on the Samsung Gear S2 smartwatch in South Korea. 

    Through the  app, customers can track their My Starbucks Rewards status and pay for Starbucks purchases directly from the wearable device, a first in Asia.

    “We’re pleased to make the Starbucks digital experience convenient and rewarding for our customers,” said SJ Paik, chief marketing officer, Starbucks Korea. “This new Starbucks app for the Gear S2 smartwatch reflects Starbucks continued commitment globally to lead, innovate and connect with customers using mobile technology.”

    With the circular design of the Samsung Gear S2 smartwatch, Starbucks fans can access uniquely designed Starbucks smartwatch face designs, such as the My Starbucks Rewards cup icon design.

    The Starbucks smartwatch face designs were specially created by Starbucks and it said new designs will be regularly available on the Samsung Gear S2 Manager app to bring even greater personalization to the mobile Starbucks experience.

    Samsung launched the Gear S2 smartwatch in the market last September.

  • Leak suggests Galaxy A9 will retail for just under $500 in China

    Leak suggests Galaxy A9 will retail for just under $500 in China

    Samsung’s latest phablet has come as a surprise for some: unlike the other members of the Galaxy A 2016 family, the Galaxy A9 has no such “subtitle” for it is the first of its kind. Sporting a 6-inch Full HD Super AMOLED display and with a metal unibody frame, the device is perfect for those who wanted a truly large phone from Samsung yet had to make do with a Plus 5. Today, a new leak out of China has added a possible price point as well: 3199 yuan (about $490).

    Given the device’s prime positioning as an upper mid-range phone, the cost would appear to be a fair price, all the more considering how expensive the Galaxy A8 was in some territories.

    Those in need of a spec recap will be happy to note that the Galaxy A9 comes with the aforementioned 6-inch Full HD Super AMOLED display (complete with 2.5D glass), a 64-bit Octa Core Qualcomm Snapdragon 652 SoC, 3GB of RAM, 32GB of on-board storage, a 13-megapixel rear camera and 8-megapixel front camera, an integrated fingerprint sensor, Dual SIM support, a 4,000mAh battery, microSD support, and Android 5.1.1.

    Samsung Galaxy A9

    While the exact release date for the extra-large phone is still unknown, it is possible Samsung will announce its plans in the next few weeks given the decision to launch it prior to CES 2016. At the same time, the phone has currently only been announced for China and is therefore operating on a slightly different release schedule. Perhaps it will hit stores just before Chinese New Year.

    What do you think of the cost? Assuming the leak is legitimate, would you pay around $500 for such a device? Is it too expensive given the competition? Leave us your thoughts in the comments below!

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  • February launch for Samsung Galaxy S7

    February launch for Samsung Galaxy S7

    Samsung Electronics’ new flagship smartphone, presumably to be called the Samsung Galaxy S7, is set to be revealed at a tech exhibition in February, an industry source said Friday.

    And the new generation of the world’s second most famous smartphone is expected to put more emphasis on performance over design.

    The South Korean tech giant will reveal the new Galaxy at the Mobile World Congress 2016 in Barcelona, the source said, with the official release on sale slated for March.

    Industry watchers said the Galaxy S7 will look similar to its predecessor, the Galaxy S6, which went on sale in April, as the market cheered the design of the Galaxy S6 and its sister Galaxy S6 Edge. Thus, Samsung may utilise the design once again and instead focus its efforts on performance, they added.’

    The Galaxy S7 is expected to maintain the built-in battery adopted by the predecessor, which was considered as a deal breaker for some Samsung fans who opted for Galaxies over iPhones for detachable batteries.

    Users, however, may be allowed to insert memory cards to expend data capacity for the new Galaxy, a feature that also disappeared with the Galaxy S6.

    The Galaxy S7 is also forecast to come with new features, such as a new touch system that delivers different commands depending on how strong a user presses the screen, similar to that adopted by the iPhone 6S.

    The new Galaxy will also have a slightly larger screen at 5.2 inches, compared with its predecessor’s 5.1-inch display.

    As the Galaxy S6 Edge and the Galaxy S6 Edge+, which sparked an unexpected sensation in the market with their displays that bend at both ends, Samsung may also add another Edge model for the Galaxy S7.

    While no price details have been provided so far, industry watchers expect Samsung will have no choice but to cut costs amid the booming popularity of budget handsets in the market.

    During the initial release, the price tag on the 32GB Galaxy S6 was 858,000 won (US$726.81), while that of the 64GB edition stood at 924,000 won.

    Samsung said its handset shipments climbed 18 per cent on-quarter to 105 million units in the third quarter, with smartphones accounting for around 80 per cent, or 84 million units.

    Despite increased shipments, its IT and mobile business saw operating profits slip to 2.4 trillion won, from the previous quarter’s 2.7 trillion won, due mainly to the increased shipment of budget models that lacked profitability.

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  • Apple Pay to debut in smartphone mecca China next year

    Apple Pay to debut in smartphone mecca China next year

    Apple and Samsung said Thursday they had secured separate deals with China UnionPay that will let their users in China add credit or debit cards to the respective mobile-payments services. Both companies said their services would launch in China as soon as early 2016 after testing and certification required by regulators.

    “China is an extremely important market for Apple, and with China UnionPay and support from 15 of China’s leading banks, users will soon have a convenient, private and secure payment experience,” Eddy Cue, Apple’s head of Internet software and services, said in a statement.

    A few hours later, Samsung announced a similar partnership with China UnionPay.

    “The collaboration with China UnionPay, coupled with the support from major UnionPay partner banks in China, will bring this secure and easy-to-use mobile payment solution to more Samsung mobile users,” Injong Rhee, the global chief of Samsung Pay, said in a statement.

    Launched last year in the US and then in other countries, Apple Pay enables owners of the iPhone 6, iPhone 6S or Apple Watch to pay for items on the go via the wireless technology NFC (near-field communication). Meanwhile, Samsung Pay, which hit the US this past September, doesn’t require NFC technology needed by Apple Pay and can work with any magnetic-strip card reader.

    Companies are eager to push mobile payments in the belief that the additional service will build consumer loyalty. Users of electronic-payments services might be more likely to stick with their current smartphone if they could store their payment data and use the device to buy shampoo, beer, gum or whatever else.

    As the largest smartphone market in the world, China represents a significant business opportunity for mobile-payments systems. The country’s massive population of 1.35 billion and growing middle class have created a lucrative market for companies like Apple and Samsung. For Apple, China is a key market, accounting for $12.5 billion in revenue during its fourth quarter.

    Apple had been trying to reach an agreement with Chinese bank UnionPay, which is the only bank in China that conducts interbank payments, according to a report in MarketWatch. That monopoly on credit- and debit-card processing effectively locks out MasterCard and Visa.

    Since last year, Apple has also been chatting with at least eight major Chinese banks about adopting Apple Pay. But those talks hadn’t gone well either, a source close to them told MarketWatch. One bank expressed no interest in any deal.

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  • Samsung’s Galaxy Phone Most Valuable Brand in S. Korea

    Samsung’s Galaxy Phone Most Valuable Brand in S. Korea

    South Korean tech giant Samsung Electronics’ Galaxy smartphone was selected as the most valuable brand in South Korea for the fifth consecutive year, a survey showed Sunday. 

    The Samsung Galaxy phone ranked first in the brand survey by Seoul-based market researcher Brandstock, followed by E-Mart, a discount store chain by retail giant Shinsegae Co.

    Incheon International Airport, South Korea’s gateway airport, climbed up one notch to take third place.

    Kakao Talk, South Korea’s biggest mobile messenger with 47 million users, and Naver, the nation’s No. 1 Internet portal, came next, the researcher said.

    The brand value of German automakers suffered after Volkswagen admitted that millions of its diesel cars worldwide were equipped with software that was used to cheat on emissions tests.

    BMW’s rank tumbled from 12th to 31st, and Volkswagen, which ranked 71st last year, dropped out of the top 100, following the emissions cheating scandal, it said.

  • Wearable power supplies: the next new retail category

    Wearable power supplies: the next new retail category

    What’s the next new retail category in electronics? Wearable power supplies, judging by product innovations just revealed in Korea.

    Samsung SDI Co and LG Chem Co, South Korea’s two major battery makers, are expanding their product portfolios into flexible cells for wearable devices, a move seen to meet increasing global demand for bendable gadgets such as smartwatches.

    The two battery-making units of Samsung Group and LG Group showcased their latest flexible battery lineups at an exhibition in Seoul.

    Samsung SDI unveiled two types of flexible batteries – a stripe and band-type — that are designed to be applied for use in various wearable devices as necklaces and hair bands, the company said.

    The ultra-slim, 0.3mm-thin stripe battery, showcased for the first time, is a next-generation battery made with fibre which enables far greater flexibility than existing bendable cells, the company said.

    The band-type battery is designed to be used in smartwatches and is proven to resist over 50,000 bendings and enhance a gadget’s capacity by up to 50 per cent, it added.

    The Samsung unit supplies the bulk of its batteries to its bigger affiliate Samsung Electronics Co, the world’s top smartphone maker. Recently there have been market speculations that Samsung’s next flagship smartphone, the Galaxy S7, will come in a bendable form. The smartphone is forecast to be released early next year.

    LG Chem also put on display a wristband-type battery called “wire battery” that can be folded into half. The company developed a wire-type battery in 2013 for the first time in the world, before it came up with the world’s first hexagonal-shape battery in June.

    LG Chem said the band-type and hexagonal batteries will likely double the battery capacity for smartwatches.

    According to global market tracker Gartner, smartwatches are forecast to account for 40 per cent of wrist-wearing devices in the world by 2016, with its global shipments to surpass 100 million in 2020.

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  • Capital Group, Samsung Asset Management form strategic partnership in Korea

    Capital Group, Samsung Asset Management form strategic partnership in Korea

    Capital Group and Seoul-based Samsung Asset Management on Wednesday announced a strategic partnership to cooperate on developing active investment strategies for institutional and retail investors in Korea.

    Capital Group, with $1.4 trillion in assets under management, and Samsung Asset Management, Korea’s top manager with $166 billion in AUM, “will work together to co-develop retirement solutions and asset allocation products and enhance SAM’s active investment capability,” a news release said.

    Under the agreement, Capital Group will help its Korean partner become familiar with “Capital-style active management,” and work to provide management know-how in areas such as business management and client management.

    A Seoul-based spokesman for Samsung Asset Management said the partnership with Capital Group would be a cornerstone of the firm’s goal of becoming one of Asia’s top three home-grown asset management companies by 2020.

    Sung-hoon Koo, SAM’s CEO, said in the release that the partnership will pave the way for his firm to “upgrade its active equity investment capability and implement life cycle asset allocation product strategies.”

    The news release also quoted Tim Armour, chairman of the Capital Group, saying the “broader plan is to co-design investment solutions to fulfill the savings, retirement and insurance-linked needs of Korean investors.”

    The Samsung spokesman, in a telephone interview, and Tom Joyce, Capital’s head of global media relations, in an e-mail, said details of the economics of the relationship — specifically how co-developed products would be distributed and revenues shared — had yet to be worked out. “It is too early to say what the pricing and structures will be,” noted Mr. Joyce, adding “the economics will be worked through.”

    Separately, the news release said the partnership will include selecting and using “appropriate Capital Group products and services across multiple Samsung distribution channels.”

    Mr. Joyce didn’t respond directly to a question about whether this was the first time Capital Group had entered into such a partnership. Instead, he cited Samsung’s interest in learning more about Capital’s system and “way of investing,” while noting Capital’s interest in learning “how Samsung markets and distributes products to Korean investors.”

    According to data provider eVestment, Capital Group listed roughly $275 million in AUM managed on behalf of Korean investors.

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  • Samsung Pay hits $30m in first month

    Samsung Pay hits $30m in first month

    Samsung Electronics said Thursday its mobile payment solution has processed tractions totaling US$30 million in the month after its debut in South Korea.

    The company officially released Samsung Pay in South Korea on August 20.

    The platform, available for Samsung’s high-end smartphones, including the Galaxy S6 and the Galaxy Note 5, supports magnetic secure transmission (MST) technology that works on traditional credit card machines.

    Like rivals Apple Pay and Android Pay, it also supports near field communication (NFC) that requires a separate transaction device.

    Over the one-month period, Samsung said around 1.5 million transactions have been made, with 60 per cent of them being from the Galaxy Note 5 phablet, a cross between a smartphone and a tablet PC showcased in August. Samsung Pay is also accepted at some 1000 ATMs operated by local bank Woori Bank across the nation.

    “Although the details on Samsung Pay usage are constantly being updated, the response we’ve received so far has been beyond our expectations,” said Rhee In-jong, Samsung Electronics VP.

    “We knew Samsung Pay would be a game changer in the mobile payment industry, and now with the user data, we are seeing the greater impact it is having on consumer behavior and on the lifestyles of our customers,” Rhee added.

    Samsung Pay is set to officially launch in the United States on Monday. Samsung added it will also reach Britain, Spain and China soon.

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  • Samsung Electronics unveils ‘future of shopping’

    Samsung Electronics unveils ‘future of shopping’

    The future is here. Pause to window shop and read information about the products displayed on the other side of a transparent OLED “window”.

    Try on outfits through virtual reality, and see how they look from all directions.

    Samsung Electronics will reveal new products using smart signage that will realize futuristic smart shopping at the IFA (Internationale Funkausstellung) 2015, in Berlin in a special space set up so visitors can experience ‘smart shopping’ through smart signage solutions such as transparent OLED and smart LED signage.

    Samsung’s transparent OLED will be revealed for the first time at the IFA. It boasts a penetration ratio of 45 per cent, which is the highest in the world, and full HD resolution.Through smart signage embedded with touch functions, virtual fitting solutions that can be used at apparel stores will also be exhibited. Customers can make a model in the screen try on the clothes instead, and see what they would look like through virtual reality. Information related to accessories that match the outfit can be provided for convenience.

    A mirror display that suggests beauty tips and information on makeup according to the user’s schedule, skin type and weather will also be revealed. The most unique part of the mirror display is that it reflects the user just like a mirror through the use of hi-tech reflecting panels.

    In addition, a smart LED signage solution with higher definition will be exhibited. The product has a high resolution with a pixel pitch (that’s the space between pixels) of 1.5mm and 2.5mm. It can be set up indoors, making it possible to be used in the lobbies of shopping malls or large scale displays.

    Samsung is also planning to show various LED signage products. “

    We are planning to suggest ideas of various usages of our signage products at the IFA. By introducing Europe to LED smart signage, we are determined to push into the global digital signage market,” said a spokesman.

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  • Korean banks back Samsung Pay

    Korean banks back Samsung Pay

    South Korean tech giant Samsung Electronics says the country’s 10 credit card companies have agreed to support its new mobile payment system, slated for launch today, Thursday.

    Korea will be the first market in which the Samsung Pay service is launched. It supports not only the near field communication (NFC) technology like its rivals but also magnetic secure transmission (MST) and bar code technologies.

    The MST technology is significant as it is compatible with conventional credit card devices, and therefore, it can be used in a larger number of shops compared with Apple Pay. Samsung’s progress was made possible as it had bought US mobile technology firm LoopPay, which has patent rights related to MST.

    Samsung Pay is available through the Galaxy Note 5 and the Galaxy S6 Edge+ that were showcased last week, and software upgrades will be provided to the users of the two smartphones.

    The service will officially reach the United States on September 28.

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  • Mood darkens for trade in China

    Mood darkens for trade in China

    The business sentiment of Korean companies in China has worsened in the second quarter – particularly in the automotive and electronics sectors – mainly due to the slowdown in overall consumption in the Chinese market on the heels of a wobbling stock market.

    It was the second straight quarter that the business sentiment index remained below the 100 mark.

    According to a report by the Korea Institute for Industrial Economics and Trade (KIET) on Monday, the companies’ business survey index in the second quarter was 71, lower than 77 in the first quarter this year.

    The index reflects business sentiment, considering different business environments like quarterly profit performance, sales, costs and business regulations. As the index ranges from 0 up to 200, a number smaller than 100 means more survey participants expressed negative answers, while the index larger than 100 means more positive answers.

    The slump in business sentiment was the largest in automotive and electronic devices, two industries in which Chinese rivals are quickly catching up on Korean technologies and in which consumer demands change quickly.The survey was taken for a month from June 15, by the Korea Chamber of Commerce & Industry’s Beijing office and a Korean business association in China, on some 226 Korean companies operating in China. They were doing business in seven different sectors, ranging from electronics and automotive to chemical, textile and retail.

    Korean auto companies in China gave 45 points in the second quarter, a lot lower than the 94 points in the first quarter, during which the Chinese auto taste has quickly moved to favor sports utility vehicles (SUVs) that are more affordable than Korean autos.

    Korean electronics companies gave 54 points in the second quarter, also much more negative than the first quarter’s 88 points, after Samsung smartphones lost market share to Xiaomi and Huawei.

    Only Korean chemical and retail industries expressed positive assessments regarding their businesses in the second quarter, each giving 103 points and 100 points, respectively.

    Survey participants said the slowdown of demand in the Chinese domestic market was the main reason for their business hardships in the second quarter, followed by competition with Chinese rivals and elevated labor cost, which raised overall production costs.

    In the first quarter, a steep increase in labor costs was the main reason Korean companies found it hard to do business in China, reflecting the slowdown in the growth of the domestic economy.

    However, the Korea International Trade Association (KITA) rolled out a positive outlook on Monday that the Chinese economy will maintain its growth rate at the 7 percent range in the latter half of the year and Chinese investment is on its way to recovery thanks to state-led infrastructure building projects, which bring up both imports from other companies as well as local real estate transactions.

    The outlook said Korea’s export to China and local production of Korean companies will stay contracted until the third-quarter due to the unstable Chinese stock market and contracted consumption sentiment.

    The Chinese economy is forecast to rebound to last year’s level by the fourth quarter at the latest, the KITA outlook forecast, as the central government there is pushing policies to boost cash liquidity and the real estate market.

    “The sagging domestic economy made Chinese consumers lean towards frugal consumption, which helps local Chinese companies with advanced product quality gulping up market share against foreign products,” said Lee Bong-geol, a senior researcher at the Institute for International Trade at KITA

  • Samsung Galaxy Tab S2 to Hit Hong Kong Next Week

    Samsung Galaxy Tab S2 to Hit Hong Kong Next Week

    Last week, Samsung introduced its latest Galaxy Tab S tablets line up which is already up for pre-orders in some regions across the globe.

    If you’re based in Hong Kong waiting for the new tablet, you be glad to find out it will hit retail in the region next week.

    The Samsung Galaxy Tab S2 will be available in both WiFi and LTE configurations. The 9.7-inch WiFi variant is priced at HKD3,888 ($500), while the 8-inch model carries a slightly lower HKD3,088 ($400). The tablets will be available in both white and black color options, and will hit retail shelves in Hong Kong on August 4th. A gold color option for both tablets will also hit retail in mid-August.

    Users looking for LTE connectivity will have to shell out even more money as the 9.7-inch LTE Galaxy Tab S2 costs HKD4,888 ($630). On the other hand, the smaller 8-inch LTE model comes with a HKD4,088 ($527) price tag. Both LTE variants will hit retail in mid-August with the gold color option hitting retail sometime at the end of August.

    The tablets also comes with a number of goodies, including two-year free 100GB OneDrive storage, a coupon code from Expedia, free download of 1 book per month from Kindle and a little more.

     

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  • Reliance in 1000-store telco deal

    Reliance in 1000-store telco deal

    India’s Reliance Industries is to build a network of 1000 stores, the consumer face of a new 4G mobile phone network.

    The new mobile phone network will be launched in December with 1000 stores branded ‘Jio Centers’. The network itself will be called Jio.

    The store network will sell Jio-branded mobile phones and be backed up by 500,000 licenced connectivity outlets and one million recharge outlets. These customer contact points will be operational by December, when the network – undergoing beta testing from next month – will boast 80 per cent coverage of India.

    The stores will also sell Samsung, Apple, Huawei and Xiaomi phones for connection to its network.

    “Reliance Digital would be a catalyst by making available entry level to ultra premium 4G LTE smartphones… in driving the device ecosystem in India for Jio,” the company said in a statement.

    Reliance Industries operates in a number of sectors, although its base is in energy and retailing. It is headed by Mukesh Ambani, India’s richest individual.

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  • Apple iPhone’s Implodes in China Stock Crash

    Apple iPhone’s Implodes in China Stock Crash

    Apple iPhone sales appear to be in big  trouble, despite iPhone being on track to post a 40 percent year-over-year unit sales gain through the second quarter.

    Having lost the top position in U.S. smartphones sales to Samsung in May, virtually all of Apple’s positive sales momentum has been coming from the China. But after losing $3 trillion in the markets, and with their wealth frozen, a hundred million Chinese no longer need an iPhone.

    Apple is reported to be growing about five times faster than Samsung, despite excellent reviews of Samsung’s new Galaxy S6/Edge. Analysts’ positive opinion of Apple was reaffirmed when Samsung reported in May that it only achieved a 15 percent rise in profit to $6.1 billion on a 2 percent quarter-to-quarter revenue growth, to $43 billion.

    A close look at Apple’s numbers show that first quarter revenue from “Greater China” grew by 71 percent year-over-year, to $16.8 billion. The iPhone sales growth in China accounted for over 56 percent of Apple’s total revenue growth for the quarter.

    Analysts expect Apple to post another extraordinary sales report for the second quarter ending June, with over 50 million iPhone unit sales and revenue of $48 billion.

    Kantar Worldpanel Com Tel’s Carolina Milanesi published a comment last week that after losing U.S. market leadership to Apple in the three-month period through April 2015, the latest data shows that Samsung was again number one in U.S. vendor rankings in the first full month of Galaxy S6 availability.

    The iPhone 6 remained the best-selling smartphone in the U.S., and the iPhone 6 Plus was the fifth-most-popular for the period ending May 30. But Samsung’s Galaxy S5 held the second spot, and the Galaxy S6 held third place. As a result, for the three months ending May, Apple’s U.S. iPhone sales U.S. actually declined by 5 percent from the previous year.

    Kantar also exposes Apple’s Iphone poor performance in India and the three big Latin America markets of Mexico, Brazil and Argentina. Apple’s best penetration of these rapidly growing markets is Mexico, with only a 6.4 percent market share.

    Such a shocking turnabout would be a disaster.

    For the three months ending in May, China unit sales were up by 46.26 percent.The Apple’s growing dominance in the “Red Dragon” has been due to a concerted effort by Apple’s management to make iOS and Mac OS X easier for Chinese language users. Many of the upgrades at this year’s Apple Worldwide Developers Conference 2015 were optimized specifically to target Chinese users, including new tools for developers to respond to the unique challenges associated with Chinese language.

    Apple has also won praise for the effectiveness of its retail stores and “Genius Bar” help desks in China. Apple’s’ head of retail stores, Angela Ahrendts, recently announced that the company opened 5 additional stores in February and is scheduled to expand from 15 to 40 stores over the next two years. Located in premium retail space, Apple’s retail stores in China are meant to distinguish the brand as aspirational.

    But all this good news for Apple was through the month of May, when the Chinese stock market was up over 150 percent for the year. Patriotically following China President Xi Jinping’s late 2013 call for “Silk Road” domestic reforms aimed at expanding consumption by taking public hundreds of state-owned-enterprises, the number of Chinese stock brokerage accounts for small individual investors exploded from 20 million to about 100 million. The ultimate sign of status became watching live stock prices on the iPhone 6.

    But after the Chinese stock markets lost $3 trillion in just 16 days of trading, the communist government on Thursday stepped in and suspended over half of the 2800 stocks in China for up to 6 months. Large holders are not allowed to sell stock and company insiders have been told to buy immediately.

    China’s stock market boom had been a wealth machine until it shockingly bankrupted tens of millions of Chinese in just a few weeks. With their capital frozen, demand for more iPhones to check suspended stocks seems ready to plummet.

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