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<ul><li>The global foldable smartphone shipments have declined by 1% in Q3 2024.</li><li>Samsung has emerged as the top company in foldable smartphone shipments in Q3 2024.</li><li>Samsung continues to account for over half of the market share, despite a huge decline in shipments.</li></ul>The global foldable smartphone shipments declined for the first time in Q1 2024, recording a 1% year-on-year decline. This marks the first decline for foldable smartphones in Q3. According to a report by Counterpoint Research, one of the factors for the decline in shipments was Samsung’s<a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-6-review/articleshow/112497472.cms"> Galaxy Z Fold 6</a> and<a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-6-galaxy-z-flip-6-galaxy-ring-and-more-launched/articleshow/111637913.cms"> Galaxy Z Flip 6</a> smartphones not performing as expected. <div type="Article" hostid="261" msid="112497472" title="Samsung Galaxy Z Fold 6 review – the complete package" mstype="2" mssubtype="0"></div> “The global foldable market appears to have entered a transitionary phase where it is facing challenges as it progresses from a niche segment to the mainstream. User satisfaction is particularly high with book-type foldable devices, but the prohibitively high prices remain the biggest obstacle to mass adoption,” said Jene Park, Senior Analyst, Counterpoint Research. <h2>Global foldable smartphone market share</h2> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q3 2024 </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Samsung </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">56% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Huawei </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Honor </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Motorola </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">7% </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Xiaomi </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td></tr></tbody></table> Source: Counterpoint Research Samsung has emerged as the market leader in Q3 2024, with a market share of 56%, down from 70% in Q3 2023. While the company’s Galaxy Z Fold 6 performed decently, the Galaxy Z Flip 6 failed to match its predecessor’s sales. The company recorded a 21% year-on-year decline in shipments. Huawei has emerged second, with a 15% market share in Q3 2024, up from a 13% market share in Q3 2023. The company recorded a 23% year-on-year growth in shipments. Honor and Motorola take the third and fourth spots, with a 10% and a 7% market share respectively. Both companies have recorded good growth. While Honor has recorded a 121% year-on-year growth, Motorola has recorded a 164% year-on-year growth. Xiaomi is in the fifth position, with a 6% market share. The company recorded the highest year-on-year growth at 185%. This growth was driven by the Mix Flip, the company’s first clamshell smartphone. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/honda-activa-e-and-qc1-electric-scooters-unveiled-in-india-to-go-on-sale-in-2025/articleshow/115725242.cms">Honda Activa e and QC1 electric scooters unveiled in India, to go on sale in 2025</a> <a href="https://www.businessinsider.in/tech/news/indias-pc-market-reaches-new-high-with-4-49-million-shipments-in-q3-2024/articleshow/115719599.cms">India’s PC market reaches new high with 4.49 million shipments in Q3 2024</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-7-pro-with-snapdragon-8-elite-chipset-launched-starting-at-59999/articleshow/115689685.cms">Realme GT 7 Pro with Snapdragon 8 Elite chipset launched starting at ₹59,999</a>

Global foldable phone shipments decline in Q3 2024, Samsung leads with 56% market share

The <keyword id="19949639" type="General" weightage="100" keywordseo="Rupee" source="keywords">rupee</keyword> recovered from its <keyword id="22025417" type="General" weightage="20" keywordseo="all-time-low" source="keywords">all-time low</keyword> level and opened 25 paise higher at 83.84 against the <keyword id="19949640" type="General" weightage="20" keywordseo="US-dollar" source="keywords" meta.keywordsubtype="org" meta.entityname="US dollar" meta.hostid="261" meta.entityid="US dollar">US dollar</keyword> in morning trade on Tuesday, mirroring the rebound in the domestic equity market, even as aggressive dollar bids from foreign banks exerted pressure on the local unit. <keyword id="20024982" type="General" weightage="20" keywordseo="forex-traders" source="keywords">Forex traders</keyword> said risk aversion in the <keyword id="19908188" type="General" weightage="20" keywordseo="global-markets" source="keywords">global markets</keyword>, escalation of geopolitical tensions in the Middle East and outflows by foreign investors further dented investor sentiments. At the interbank foreign exchange market, the local unit opened at 83.92 and then touched an early high of 83.84, registering a 25 paise gain from its all-time closing low of 84.09 against the American currency. On Monday, the rupee slumped 37 paise to settle at an all-time low of 84.09 against the US dollar. "The rupee is being sold off in good times and bad times indicating the demand for US dollar as foreign portfolio investors exit the Indian equity market on high valuation concerns," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.16 per cent to 102.85 points. Brent crude, the global oil benchmark, was trading at USD 77.15 per barrel in futures trade, on fears of spreading Middle East conflict that could hit supplies outweighing fears of a possible US recession that could hurt demand in the world's biggest oil consumer. Moreover, Israel and US are bracing for a significant escalation after Iran and Hamas pledged to retaliate against Israel for killings last week of a Hamas Leader, traders said. In the domestic equity market, the 30-share BSE Sensex rebounded 903.63 points, or 1.15 per cent, to 79,663.03 points, while the Nifty increased by 270.50 points, or 1.12 per cent, to 24,326.10 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 10,073.75 crore, according to exchange data.

Rupee recovers from all-time low level, opens 25 paise higher at 83.84 against US dollar

<ul><li>OpenAI expands ChatGPT Search to all free users.</li><li> The AI startup has also brought in some important new features and enhancements with a new update.</li><li> Information from Netflix and travel booking platforms gains prominence now.</li></ul> OpenAI has expanded access to ChatGPT Search, making it available to all free users. Originally introduced in October 2024 for paid subscribers, the feature was first offered as an invitation-only preview under the name SearchGPT. This update marks a broader rollout, improving the overall user experience. ChatGPT Search features ChatGPT Search provides users with quick, up-to-date answers and links to relevant web sources, a task typically managed by search engines. Kevin Weil, OpenAI’s Chief Product Officer, announced the update in a YouTube video, highlighting the advantage of integrating real-time web information into the <keyword id="19925753" type="General" weightage="20" keywordseo="AI-chatbot" source="keywords">AI chatbot</keyword>. In this enhanced version, prominent links—such as those from Netflix or travel booking platforms—are displayed at the top of search results, followed by ChatGPT’s text-based responses. <keyword id="21453184" type="General" weightage="20" keywordseo="voice-search" source="keywords">Voice Search</keyword> A significant update is the addition of voice search for users with Advanced Voice Mode enabled. This feature can be accessed by tapping the audio waveform button in the compose bar. With voice search, users can request <keyword id="20186447" type="General" weightage="20" keywordseo="real-time-information" source="keywords">real-time information</keyword> on topics like travel destinations, weather updates, or activity recommendations. ChatGPT’s Voice Assistant will reply using one of ten available voice styles. Search engine enhancements OpenAI has enhanced browsing speed and efficiency for users who choose ChatGPT as their default search engine. To streamline this process, the company has also launched a Chrome extension, enabling users to set ChatGPT as their default search engine for instant answers from reliable websites. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/vivo-x200-and-x200-pro-launched-in-india-starting-at-65999/articleshow/116248162.cms">Vivo X200 and X200 Pro launched in India starting at ₹65,999</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-with-snapdragon-8-elite-to-be-launched-globally-in-january/articleshow/115920790.cms">OnePlus 13 with Snapdragon 8 Elite to be launched globally in January</a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-will-reportedly-launch-three-phones-in-2025-including-the-phone-3/articleshow/115891768.cms">Nothing will reportedly launch three phones in 2025, including the Phone (3)</a>

OpenAI rolls out ChatGPT Search to all free users with voice and map features

<ul class="summary-list"><li>Donald Trump wants to divide US rivals Russia and China.</li><li>An area of tension is China's new assertiveness in Central Asia.</li></ul>At the Valdai forum last week, <a target="_blank" class="" href="https://www.businessinsider.com/six-telling-moments-putin-speech-valdai-congratulated-trump-china-ukraine-2024-11">Russian President Vladimir Putin</a> was keen to tamp down rumors of simmering tensions with his closest global ally, China's leader <a target="_blank" class="" href="https://www.businessinsider.com/xi-jinping-painful-road-ahead-rainy-days-new-stimulus-china-2024-10">Xi Jinping.</a>The source of the perceived tension is <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-plan-divide-china-russia-axis-is-likely-fail-2024-11">China's growing assertiveness in Central Asia</a>. The region is the latest area in which Xi has launched an audacious bid to increase his political and economic authority and cement its dominance in rare-earth minerals."What is happening in <a target="_blank" class="" href="https://www.businessinsider.com/turkmenistan-what-life-is-like-inside-secretive-dictatorship-2019-10">Central Asia? </a>Many expected it to be a site of conflict or clash between China and Russia," Putin told the forum. "This has not happened."But the reassurances will not convince everyone, and among those <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-plan-divide-china-russia-axis-is-likely-fail-2024-11">on the lookout for signs of division</a> between Putin and Xi is President-elect Donald Trump. The Republican, days before his election, criticized the Biden Administration for allowing China and Russia, the US' two most powerful adversaries, to draw closer together and said that when he takes office, he'd be seeking to drive them apart. The power grab over rare-earth minerals in Central Asia could be among the issues he will seek to exploit.<h2 id="421107c0-1c53-4350-b648-36a082b91bd8">A power struggle over rare-earth minerals </h2>At stake for the US in Central Asia is not just political power but access to the region's reserves of <a target="_blank" class="" href="https://www.businessinsider.com/us-rare-earth-minerals-stockpile-mystery-opacity-worries-experts-2024-6">rare-earth minerals</a> such as uranium, lithium, and tantalum.Rare-earth minerals are needed to make all sorts of products, from F-35 stealth fighters and smartphones to internet <a target="_blank" rel=" nofollow" href="https://www.sciencenews.org/article/rare-earth-elements-properties-technology">fiber-optic cables</a> and MRI machines."If rare earth elements are the crude oil of the 21st century, then Central Asia and Mongolia may be the Saudi Arabias of these strategic minerals," <a target="_blank" class="" href="https://thediplomat.com/2023/12/central-asias-rare-earths-may-fuel-energy-transition/">wrote</a> Wilder Alejandro Sánchez, an analyst at consulting firm Second Floor Strategies."Just like the Middle East, the region is subject to intense and divergent political pressures. Russia and China border the region, each exercising their influence at the other's expense and eager to keep the West out."<div type="image" title="Putin - Xi" height="683" width="1024" msid="115221998" hostid="261" sizebytes="62066"></div>China has the biggest global reserves of these materials. It produces around 60% of the world's rare-earth minerals and processes nearly 90%, according to <a target="_blank" class="" href="https://www.csis.org/analysis/what-chinas-ban-rare-earths-processing-technology-exports-means">the Center for Strategic and International Studies.</a>To cement its dominance, China is also <a target="_blank" class="" href="https://www.businessinsider.com/xi-china-putin-russia-frenemies-limits-power-sphere-influence-2024-7">spending billions on infrastructure in Central Asia</a> and brokering new trade and security deals.At the same time, Western leaders are seeking to strengthen their influence in the area and secure access to its resources. France's President Emmanuel Macron visited Kazakhstan and Uzbekistan last November and Germany's Chancellor Olaf Scholz visited the region in September.'It would be a blow to our interests if either China or Russia established overwhelming influence there," John Herbst, who served as US Ambassador to Uzbekistan between 2000-2003, told Business Insider. "The key, of course, are Kazakhstan and Uzbekistan.""Rare earths, especially in Kazakhstan, are one more reason to establish closer relations in the region and especially its two principal nations."Stefan Wolff, a professor of international security at the University of Birmingham in the UK told BI that Trump could seek to broker a deal with Putin to gain better US access to developing Central Asia's rare-earth mineral resources — and exclude China."There are rare-earth minerals worth exploring/exploiting, and if the US/EU could strike a major deal with [Kazakhstan's capital] Astana, this would certainly contribute to breaking China's monopoly," said Wolff."So, the incentive is clearly there to regain a foothold in Central Asia."<div type="image" title="Xi, Kazakhstan" height="683" width="1024" msid="115222002" hostid="261" sizebytes="38170"></div><h2 id="ba868742-2b53-45b0-8d95-8cef1355430c">Central Asian nations seek autonomy from the Kremlin </h2>China's growing presence in Central Asia is likely enraging the Kremlin, say observers. But Russia is so indebted to China for its diplomatic and economic support in Ukraine, that it's in no position to protest. "There are clearly tensions between Russia and the Central Asian successor states of the Soviet Union," Wolff said.He pointed to recent tensions between Kazakhstan and Russia. The Central Asian<a target="_blank" href="https://www.politico.eu/article/russia-bans-vegetables-from-kazakhstan-after-country-refuses-to-join-brics/"> nations refused to join the BRICS </a>alliance, which Russia has sought to expand as a bulwark against the US. In October, Russia banned some agricultural exports to Kazakhstan in response.Despite Putin's bid to portray the relationship with China in Central Asia as part of a mutually beneficial "no limits" partnership, tensions remain between them.For now, Xi and Putin are determined to supplant the US as the world's dominant powers."But if one of them decides that working against the US damages their international position, their partnership will wither away because even today there are tensions in their relationship," said Herbst."Even today, China has not hidden its long-term revanchist ambitions over Russian, Kazakhstani, Kyrgyz, and Tajikistani territory."<h2 id="b5d0c707-0b3e-4b5e-9154-35b569ac4c2d">Russia and China have too much to gain</h2>For now, dismantling China and Russia to gain more US access to Central Asia seems like a long shot.Russia and China have too much to gain from excluding the US from Central Asia, regardless of how much Trump may seek to exploit tensions between Putin and Xi."It is unlikely that as long as Putin considers the US its main adversary, Russia would break with China. That would not change because of some American initiative in Central Asia," said Herbst.Putin sees in Xi a more predictable partner than the mercurial Trump, said Wolff."Putin and his regime are simply more likely to survive in partnership with Xi. I don't think that Putin sees Trump as a dependable partner in any potential deal," he said. "That's not to say that there won't be a transactional improvement in relations between Washington and Moscow, but it will not derail the relationship between Beijing and Moscow."

How Trump could exploit a looming global struggle for rare-earth minerals

Climate Action 15: 2024's top global innovators powering green solutions

<ul class="summary-list"><li>Russia's oil revenue fell sharply year-over-year in October.</li><li>Oil-related tax revenue dropped 29% last month, while oil and gas proceeds fell more than 25%.</li></ul>Russia saw a double-digit drop in oil revenue last month, hitting an important source of funds for the Kremlin amid pressure on global crude prices. Moscow's revenue from oil-related taxes plummeted 29% year-over-year in October, from 1.48 trillion rubles to 1.05 trillion rubles, according to data from Russia's Finance Ministry. Oil and gas proceeds, which is largely made up of oil production taxes and profit-based taxes in the industry, also fell more than 25% to 1.21 trillion rubles.Total oil and gas revenue rose on a monthly basis, with October levels up more than 75% compared to September. However, that's largely because the profit-based tax on Russia's oil industry is due four times a year, with companies paying taxes in March, April, July, and October, <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-11-05/kremlin-oil-revenue-shrank-by-29-in-october-amid-lower-prices">Bloomberg reported</a>.The yearly drop has largely been fueled by <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/russia-economy-oil-war-revenue-crude-prices-opec-production-cut-2024-9">falling crude prices</a>. International crude prices logged their <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/oil-prices-today-israel-strike-iran-production-brent-wti-crude-2024-10">biggest drop in two years</a> last month after Israel's strike against Iran spared its oil infrastructure. Meanwhile, <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/us-oil-opec-crude-production-record-oil-prices-commodity-market-2024-11">US producers are pumping more than ever</a>, complicating efforts by OPEC+ to crimp supply and boost the price. Brent crude, the international benchmark, traded around $75 a barrel on Tuesday, down 11% over the last year. Meanwhile, Urals crude, Russia's flagship oil blend, traded around $63.57, down around 24% compared to the same time last year, Bloomberg data shows.The drop in oil revenue throttles a key source of funds for <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-ukraine-war-outlook-moscow-sanctions-west-firms-uchicago-2024-10">Russia's war-driven economy</a>, which is becoming increasingly strained under the rising costs of its invasion of Ukraine. Russia's oil and gas industries have accounted for around 30%-50% of Russia's federal budget revenue for the last decade, according to an <a target="_blank" href="https://www.oxfordenergy.org/publications/follow-the-money-understanding-russias-oil-and-gas-revenues/">analysis</a> from The Oxford Institute for Energy Studies. Russia's <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-outlook-defense-budget-spending-ukraine-war-putin-sanctions-2024-10">defense state spending</a>, meanwhile, is on track to hit a post-Soviet high in 2025.

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