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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

We will continue making capital expenditure to keep up with the growing demand.”. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5 Apple, Samsung Electronics Co. and Chinese rivals Xiaomi Corp., billion users, for a market share of about 40 percent.

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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

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Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.

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Ola Electric Reaches $1B Valuation With SoftBank Investment

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The latest capital infusion means the company is now valued at more than $1 billion. India recently set a goal to make 40 percent of its fleet electric by the year 2026. Ola Electric, part of India’s largest ride-hailing company, has raised $250 million from SoftBank in a Series B financing round, according to a report.

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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

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Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug. 6), closing down at $16.29.

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M&A, Bitcoin Trading Adds $8B In Market Cap To Square

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Square’s gross payment volume could reach $409 billion in 2026, or 4.1 payment volume, RBC Capital Markets analyst Daniel Perlin predicted in a recent note to clients. percent of total U.S.

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Amazon (And Others) Brace For India’s New eCommerce Tax

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The tax may be a case for the government to boost its own coffers on eCommerce, anticipated to be worth as much as $200 billion annually by 2026, as estimated by the India Brand Equity Foundation (IBEF) late last year. The impression may be that the tax amounts to a “papercut,” but it “could impact working capital of small businesses.”.

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Snap Unveils Third Generation Of Spectacles

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In separate news, Snapchat’s parent company, Snap, is reportedly issuing $1 billion in convertible debt for working capital and future acquisitions. According to past reports, the debt offering will take the form of convertible senior notes set to mature in 2026. The report also noted that users can take advantage of 3D viewing.

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