Finance

Sales of Samsung Galaxy S22 series for 11 months underperformed by 30 million units

FNNews publication, citing information from Counterpoint Research analysts, writes that the plan to sell Galaxy S22 smartphones is underfulfilled by 30 million units. The source believes that the reason is the decline in interest in classic flagship phones in favor of folding devices.

Samsung Galaxy Z Flip 4 smartphone also does not show brilliant results: it failed to reach a market share of more than 10% in the United States, Canada, Japan or China. Last year's Galaxy Z Flip 3 had better sales figures. The decline in consumer interest was most likely due to the insignificant difference between the two generations.

Samsung's average selling price for the fiscal year increased by only 2%, while Apple's figure is 7%, and sales increased by 10% compared to the same period last year.

Samsung's revenue also fell by about 4% and market share decreased by 0.2% compared to last year.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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