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Google To Shift Pixel Smartphone Production To Vietnam

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The Alphabet Inc-led search giant Google has made some major investment changes. In a recent turn of events, it has come to light the company is planning on moving its Pixel smartphone production to Vietnam. Currently, they were producing their flagship devices in warehouses located across China. However, starting this year, they will be shifting the operations to Vietnam.

The main reason why they have been speculated to make this move, is because they believe that they will be headed towards a cheaper supply chain, if their production operations are based in the South-East regions of Asia. The first media publication to have published this news was Chinese daily business newspaper Nikkei. They published this news in the early hours of Wednesday. 

As mentioned previously, Google made the decision to move their production operations from China, especially because the costs of labour in China has been increasing in the recent past. In addition to this, they are also experiencing pressure from the tariff costs that have undergone the impact of the Sino-U.S. trade tensions. Therefore, the search giant has finally decided to take matters into their own hands. While this might be a bit inconvenient for them at the moment, it is only temporary. Once they are able to move the operations to Vietnam, everything will be smooth-sailing then on. Along with their flagship smartphones, the company will also be moving the production of other major devices that they produce such as Google Home. 

The company is currently planning on shipping nearly 8 to 10 million smartphones this year.  It is worthy to note that the shipping has almost doubled from the previous year. This will help them in making Vietnam a key part of Google’s drive towards an impending growth. The search giant is expected to shift its production of Pixel 3A smartphone to Vietnam. They will be doing this shift before the end of this year, the Nikkei further reported along with citing sources. However, as far as its smart speakers are concerned, it is highly likely that the company is able to move its smart speaker production to Thailand. The company will be viewing new product development as well as initial production for its hardware line-up and continue to keep it in China itself. The search giant has not been able to respond with a comment on this matter. They are expected to comment on this matter sometime soon.

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VYGVF’s Stock Price Decreased by 16.08%: Here’s How it Happened

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Voyager Digital Ltd.’s stock price was trading at $23.02 on 7th April, 2021. A loss of 16.08% or $4.41 from the previous closing price, $27.43 (6th April) occurred. On April 5th, the price went up to $29.41 and has been on a downfall since. The range was between $22.90 – $27.43 on April 7th.

Voyager Digital Ltd.(VYGVF) is a publicly-traded holding company, whose subsidiaries operate a licensed crypto-asset platform that provides investors with a turnkey solution to invest in and trade crypto assets, is pleased to provide stakeholders with a business update for the month ended March 31, 2021. The stock price of Voyager Digital Ltd.(OTCMKTS: VYGVF) has been on a steady decline for the last two days. The price went as low as $22.06, which was also the closing price on 7th April. Voyager Digital Ltd.(CSE: VYGR) also achieved their all time high price, trading at $29.00 on 5th April.

Voyager Digital ltd. (OTCMKTS: VYGVF CSE:VYGR) announced the following key metrics as of March 31, 2021:

  • Assets Under Management (AUM) exceeded US$2.4 billion
  • Total Funded Accounts at the end of March 2021 were over 270,000
  • Total Verified Users on the platform were over 1 million

Key monthly operating metrics for January through March 2021 are as follows:

March 2021 February 2021 January 2021
Net Deposits $650M $400M $170M
New Funded Accounts 95,000 70,000 65,000
New Verified Users 395,000 190,000 250,000
Principal Value traded $2.5B $1.6B $840M

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.

“March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry leading offering of over 50 altcoins,” said Stephen Ehrlich, Co-Founder and CEO of Voyager ( OTCMKTS: VYGVF CSE:VYGR). “All of our significant revenue-driving metrics increased in excess of 35% during the month of March from the previous month. As demand continues to accelerate for the Voyager Platform, we are enhancing our infrastructure to meet this swiftly growing demand and accommodate anticipated future growth as we expand our suite of offerings in the coming years.”

Mr. Ehrlich concluded, “Our management team is focused on the long-term opportunity to capture significant market-share within this rapidly expanding industry. The initiatives we are embarking on, such as adding new products to our platform and further geographic expansion, are designed to competitively position Voyager for long-term success. We will continue to execute on these initiatives and look forward to providing our investors another update on our next quarterly conference call.”

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AFTPY Stock Prices Increased By 8.30%: Here’s Why It Happened

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Afterpay Limited’s (OTCMKTS: AFTPY)’s stock price increased by 8.30%. The price has been fluctuating for the last week a lot. It was $80.57 when the market closed on 1st April and $82.00 when the market closed on 5th April. On the 6th, the price hiked to $88.81. The price during the opening and closing of the market on the 6th was 87.68 and 88.81 respectively. The price hiked by $6.81 over the last two days.

Sarah-Jayne Smith, CEO of Magpies & Peacocks said: “At Magpies & Peacocks we always ask ourselves how we can look at a solution from the perspective of People, Planet, and Profit – how can we tackle something head-on sustainably by doing right by it socially, environmentally and economically. It is a mindset we apply to all things, no matter how small – everything from the products we create or buy, and how we teach a skill, through to our carbon footprint as a non-profit organization. It can create a tremendously influential ripple, not only in winning hearts and minds but in affecting real change. We are thrilled to partner with Afterpay as part of that process and are humbled to be part of their Top Up Donation program.”

Afterpay Limited (OTCMKTS: AFTPY) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free. The service is completely free for customers who pay on time – helping people spend responsibly without incurring interest or fees when you pay on time. As of December 31, 2020, Afterpay is offered by nearly 75,000 of the world’s favorite retailers and is used by more than 13 million active customers globally.

Afterpay (OTCMKTS: AFTPY) is currently available in Australia, Canada, New Zealand, the United States, and the United Kingdom, France, Italy, and Spain, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins.

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AMC stock price bounced back( 13.35% growth): Here’s Why it happened

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AMC ( NYSE:AMC ) ’s stock price increased by 13.35% on 5th April 2021. The price increased from $9.36 to $10.61 within one day. B. Riley analyst Eric Wold said it’s time to buy, citing an improving balance sheet outlook and as a strong opening weekend for ‘Godzilla vs. Kong’ pointed to a resurgence in demand.

 

AMC(NYSE:AMC) announced that the movie theater chain’s stock AMC, +13.35% bounced 14.6% in afternoon trading, following a 32.8% tumble in the meme stock over the past two weeks.

 

Wold raised his rating to buy from neutral and boosted his price target to $13, which was 39% above Thursday’s closing price, from $7.

 

“We have remained impressed with management’s ability to weather the pandemic headwinds by both strengthening the balance sheet and negotiating with landlords to improve the cash runway into 2022,” Wold wrote in a note to clients. “And as the largest exhibitor in North America that also operates the highest number of IMAX screens, we view AMC as well positioned to benefit from the industry’s projected resurgence and return to pre-pandemic attendance levels by 2023.”

 

Wold said, “although the North American theater base is only about 60% open, and with seating capacity limitations averaging from 25% to 50%, the movie still took in about $48.5 million in domestic box office revenue. That compares with the $47.8 million that ‘Godzilla: King of the Monsters’ opened with in May 2019.”

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