Saudi Aramco, billed as the largest oil-producing company, has also become the world’s most valuable company, surpassing American tech giant Apple. The change in positions of the two companies is largely attributed to the rising oil prices due to the war in Ukraine and a steady recovery around the world from the coronavirus pandemic. The rising demand and the increasing cost, in turn, are driving up the shares of oil companies. On the other hand, tech giants are seeing a decline in their fortune across global markets.
Aramco’s market valuation touched $2.43 trillion earlier this week, according to a report from CNBC. Apple, meanwhile, slid 5 percent and was worth $2.37 trillion. The tech giant’s valuation has eroded over the last month as shares continued to decline, primarily due to the strict Covid-19 lockdown in China leading to supply chain constraints. Investors believe that this would dent Apple’s June quarter results.
While tech stocks have fallen significantly over the past few months due to fears that people would be less inclined to buy high-end gadgets as inflation rises and central banks pull out surplus liquidity, energy shares, and prices have recovered a great deal. Data showed that Apple has fallen nearly 20 percent since early January, while Aramco has jumped over 27 percent so far this year. In fact, the oil giant reported in March that its full-year profit last year more than doubled due to soaring oil prices.
But the future remains uncertain, partly due to rapidly unfolding geopolitical events. Pressure is piling on oil-producing nations to ramp up production amid sanctions on Russia and cool down prices. But most countries, including Saudi Arabia, have so far resisted the demand to cut prices significantly.
The other factor that could dampen energy demand is rising inflation, which could cool down energy prices – and resultantly the profit of energy firms.
In 2020, riding on the technology boom, Apple had dethroned Saudi Aramco to become the world’s most valuable publicly traded firm.
iQoo Neo 6 India Launch Date Set for May 31, Will Feature Snapdragon 870 5G SoC: Expected Price, Specifications
iQoo Neo 6 launch date in India has been confirmed to be May 31. The Chinese company announced that the smartphone will hit Indian markets with Qualcomm Snapdragon 870 5G chipset and 80W flash charge. This is different from the China variant of the iQoo Neo 6, which featured a Snapdragon 8 Gen 1 SoC. The handset is expected to come in two colour options and house up to 8GB of RAM and 128GB of inbuilt storage. Amazon had reportedly pushed out a notification last week indicating that the handset from iQoo will launch in India on May 31. Recent reports have also indicated that the sale of the smartphone may take place in the first week of June.
iQoo 6 Neo 6 launch date
iQoo Neo 6 launch date in India has been confirmed to be May 31 on Twitter, and there is a microsite on Amazon India that also teases the specifications. Earlier this week, the launch date was leaked by the e-commerce site when it reportedly pushed out a notification. Another report claimed that the sale of the upcoming iQoo smartphone would take place in the first week of June.
— iQOO India (@IqooInd) May 21, 2022
iQoo Neo 6 price in India (rumoured)
iQoo Neo 6 is expected to be priced at over Rs. 29,000 for its base model, as per a recent leak by tipster Paras Guglani. Meanwhile, its highest variant is tipped to have a price range higher than Rs. 31,000. iQoo Neo 6 is expected to be available in two colour options — Dark Nova and Interstellar.
iQoo Neo 6 specifications (leaked)
iQoo Neo 6’s Indian variant is expected to sport a 6.62-inch E4 AMOLED display with up to a 120Hz refresh rate, according to the tipster. The handset will run on Android 12. iQoo Neo 6 in India is confirmed to be powered by the Snapdragon 870 5G. The China variant of the iQoo Neo 6 was launched in mid-April, and features QualcommSnapdragon 8 Gen 1 SoC.
As mentioned earlier, the Indian variant of the iQoo Neo 6 is said house up to 8GB of RAM and 128GB of inbuilt storage. The handset is said to include a 16-megapixel front camera, apart from a triple camera setup with 64-megapixel (OIS), 8-megapixel, and 2-megapixel sensors. iQoo Neo 6 Indian variant is expected to house a 4,700mAh battery. The handset is also said to feature 80W fast charging.
OnePlus Smartphone, Realme GT2 Master Explorer Edition, Asus ROG Phone 6 to Feature Snapdragon 8+ Gen 1 SoC
OnePlus, Realme, and Asus have announced the launch of smartphones equipped with Qualcomm Snapdragon 8+ Gen 1 SoC, just a day after the flagship chipset was launched by Qualcomm. Asus will be bringing out the ROG Phone 6 gaming smartphone powered by the latest chipset from Qualcomm while the handset from OnePlus featuring the Snapdragon 8+ Gen 1 SoC is scheduled to hit the markets in the third quarter of the current year. Realme has also announced that its GT2 Master Explorer Edition will be the first handset to sport the Snapdragon 8+ Gen 1 SoC. To recall, several other manufacturers have announced use of the new Qualcomm SoCs, but these are the first few manufacturers to reveal concrete plans.
OnePlus in a post on Weibo teased an upcoming smartphone equipped with the Snapdragon 8+ Gen 1 SoC on its official Weibo page. Although the name of the handset has not been revealed by the company, OnePlus has said the smartphone will hit the market in Q3 of 2022.
Realme GT2 Master Explorer Edition will also feature the Snapdragon 8+ Gen 1 SoC. In fact, Realme has also claimed in its Weibo post that the flagship smartphone will be first Android mobile to be equipped with Qualcomm Snapdragon 8+ processor. The official launch date of the handset has not been announced yet.
And finally, Taiwanese electronics giant Asus has also confirmed that ROG Phone 6 series, which will be launched as the Tencent variant in the Chinese market, will feature the Snapdragon 8+ Gen 1 SoC in both the Chinese and global variant. The ROG brand has also made the announcement on its official Instagram page where it has said that the ROG Phone 6 will be the first gaming smartphone to sport the Snapdragon 8+ Gen 1 SoC. 2D renders of the ROG Phone 6 series were leaked earlier this year. The design of the upcoming Asus ROG Phone 6 series was shown to be similar to the Asus ROG Phone 5 series.
Qualcomm recently launched the Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1 SoCs as its latest mobile platforms. Qualcomm claims that the Snapdragon 8+ Gen 1 is capable of delivering up to 10 percent faster CPU performance and 30 percent improved power efficiency over the Snapdragon 8 Gen 1. As we mentioned, apart from OnePlus, Realme, and Asus, several other manufacturers announced they would be launching smartphones with the latest Snapdragon 8+ Gen 1 SoC, including including Black Shark, Honor, iQoo, Lenovo, Motorola, Nubia, Oppo, Redmi, Vivo, Xiaomi, and ZTE.
Flipkart Big Bachat Dhamaal Sale Kicks Off With Deals, Discounts on Phones, TVs
Flipkart has kicked off its Big Bachat Dhamaal sale that brings discounts on phones including the Motorola Edge 20 Fusion 5G, Moto G31, Poco M4 Pro, and the Vivo T1 5G. In addition to discounts, there will be some models with exchange offers. The Flipkart sale that lasts until Sunday, May 22, is also claimed to introduce up to 80 percent discount on electronics and accessories and up to 70 percent off on TVs. Flipkart is also hosting limited-period deals at 12am, 8am, and 4pm until Sunday.
Flipkart Big Bachat Dhamaal sale mobile phone discounts
The three-day Flipkart Big Bachat Dhamaal sale brings the Motorola Edge 20 Fusion 5G starting at Rs. 18,999. The phone was launched last year at Rs. 21,499. Flipkart also has the Moto G31 beginning at Rs. 10,999, down from its launch price of Rs. 12,999. Similarly, the Moto G40 Fusion is available at Rs. 14,499. It debuted last year at Rs. 17,999.
Flipkart Big Bachat Dhamaal sale deals on electronics
Alongside the phones, the Flipkart Big Bachat Dhamaal sale is claimed to bring up to 80 percent discount on gaming accessories and up to 70 percent discount on TVs. The sale also brings discounts on some wireless earbuds, TV streaming devices, and laptop accessories, as listed on the Flipkart page.
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