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World’s first 5G smartphone is expected hit stores in 2020

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First 5G iPhone, Android phones, 5G smartphone, Apple, Intel, Xiaomi, Oppo, Huawei, Business news

San Francisco: If all goes well than the first 5G iPhone is likely to use an Intel modem, the 8161, and it could hit the stores in 2020, according to a report in the Fast Company.

If everything goes as planned, Intel will be the sole provider of iPhone modems, said the report.

 

First 5G iPhone, Android phones, 5G smartphone, Apple, Intel, Xiaomi, Oppo, Huawei, Business news

 

For prototyping and testing the 5G iPhone, Intel is reportedly working on a precursor to the 8161 called the 8060.

To increase transistor density for more speed and efficiency, Intel is likely to fabricate the 8161 using its 10-nanometre process.

 

Apple’s world first 5G iPhone likely to hit stores in year 2020:

 

The performance of 8060 appears to have triggered a little tension between Apple and Intel due to “heat dissipation issues” that would both raise the temperature and hurt battery life.

 

First 5G iPhone, Android phones, 5G smartphone, Apple, Intel, Xiaomi, Oppo, Huawei, Business news

 

However, Apple’s current issues with Intel are not serious enough to cause Apple to turn to Qualcomm for the supply of 5G modems, said the Fast Company report, based on its source. Apple declined to comment on the report.

The first 5G smartphone is expected next year.

Android phones from such manufacturers as Xiaomi, Oppo and Huawei will contain 5G modem chips made by Qualcomm which has claimed that its modems have managed the heat dissipation issues, the report said.

 

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Zomato acquires UberEats India for nearly Rs 2,500 crore

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New Delhi: Zomato on Tuesday announced that it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.

According to sources close to the deal, it is in the range of over $350 million or nearly Rs 2,500 crore.

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

“We are proud to have pioneered restaurant discovery and to have created a leading food delivery business across more than 500 cities in India. This acquisition significantly strengthens our position in the category,” said Goyal, Founder and CEO, Zomato.

According to company sources, for the first three quarters of 2019, “our Uber Eats business comprised 3 per cent of our global Eats gross bookings, but was more than 25 per cent of our global Eats Segment Adjusted EBITDA losses”.

Uber started its food delivery service in India around mid-2017, but has not been able to scale up in the face of big players like Zomato and Swiggy.

It currently has nearly 26,000 restuarants listed on its platform from over 40 cities.

The market is piping hot as according to a recent study by business consultancy firm Market Research Future, the online food ordering market in India is likely to grow at over 16 per cent annually to touch $17.02 billion by 2023.

Uber CEO Dara Khosrowshahi said that the Uber Eats team in India has achieved an incredible amount over the last two years.

“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.

“We have been very impressed by Zomato’s ability to grow rapidly in a capital-efficient manner and we wish them continued success,” he added.

On January 10, Zomato had announced that it has secured $150 million in fresh funding from Ant Financial, a subsidiary of China-based giant Alibaba.

The latest round of funding in Zomato, which currently value the company at $3 billion, is part of $600 million funding round announced by Zomato CEO Goyal at a Delhi event last December.

The deal comes in the wake of merger talks between Zomato and Swiggy, whoch both the companies have denied to date.

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