Google cancels orders with suppliers for Pixel Fold: Report

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San Francisco, Nov 17 | US-based search engine giant Google has reportedly dropped its plans to come up with a foldable Pixel phone, which was expected to mark its debut as the Pixel Fold next year.

According to a report from Digital Supply Chain Consultants (DSCC), Google has decided not to bring the Pixel Fold to market. Not in 2021 and reportedly not in the first half of 2022.

Google perhaps figured it was not the right time to compete in the foldables space during a time where supply chains are still feeling constraints, the report adds.

There have been many predictions around the Pixel Fold, which was expected to be Google’s first ever foldable phone offering in its international markets.

In terms of hardware, the Pixel Fold was expected to be the same size as the Galaxy Z Fold 3 with LTPO and variable refresh up to 120Hz.

The company recently announced Android 12L, a version of Android 12 optimised for tablets, foldables, and Chrome OS devices.

Google plans to release 12L early next year, “in time for the next wave of Android 12 tablets and foldable”.

In addition to Android 12L, Google also announced new features in OS and Play for developers to better support these devices, reports TechCrunch.

These include updates to its Material Design guidance for large-screen devices, but also updates to Jetpack Compose to make it easier to build for these machines and to ensure that apps can more easily adapt to various screen orientations and sizes.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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