TCL Electronics Holdings Stock (OTC: TCLHF)

Latest news for TCL Electronics Holdings (OTC:TCLHF) Stock

TCL Electronics Holdings Ltd designs, manufactures, and sells televisions globally. By brand, it is the third-largest supplier of televisions globally, but is second-largest in total television volume including televisions produced under original design and manufacture contracts for other brands. The five reportable operating segments are the Smart screen segment, Internet business segment, Smart mobile, All-category marketing segment and Smart commercial display, smart home, photovoltaic and other businesses segment.

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Amazon.com Inc. (NASDAQ: AMZN) is planning to launch Amazon-branded TVs as soon as October in the United States, according to a report by Business Insider (via The Verge).

Amazon-Branded TVs Could Come As Soon As Next Month: What You Need To Know

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Apple Inc.’s (NASDAQ: AAPL) iPhone 12 lineup continues to lag behind its Android-based rivals in terms of 5G performance, according to a report from Opensignal.

Apple&#39;s iPhone 12, iPhone 12 Pro Trail Android Rivals In 5G Speeds: Report

TCL ELECTRONICS HLDGS LTD by TCL Electronics Holdings Ltd.

TCL Electronics Holdings Ltd

TCL Electronics reports 1H results

TCL Electronics Holdings (HK:1070) has released an update. TCL Electronics Holdings Limited announced successful passing of all resolutions at its ...

TCL Electronics Reports Successful AGM Outcomes

TCL Electronics Holdings

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is planning to launch Amazon-branded TVs as soon as October in the United States, according to a report by Business Insider (via The <a href="https://www.theverge.com/2021/9/2/22655016/amazon-branded-tv-television-tcl">Verge</a>).

What Happened: The Amazon-branded television sets will have screen sizes &ldquo;in the range of 55 to 75 inches&rdquo; and will have compatibility with voice assistant Alexa, as per the report.

While the TVs will be currently designed and manufactured by third parties, including TCL Electronics Holdings Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCLHF#OTC">TCLHF</a>), Amazon is also designing another TV in-house, the report noted. It is not clear when the in-house developed TV will be launched.

See Also: <a href="https://www.benzinga.com/fintech/21/09/22752924/highly-upvoted-wallstreetbets-post-speculated-on-amazon-affirm-partnership-2-weeks-before-official-a">Highly-Upvoted WallStreetBets Post Speculated On Amazon-Affirm Partnership 2 Weeks Before Official Announcement</a>

Why It Matters: Amazon&rsquo;s plan to launch its own branded TV would put the company directly in competition with electronics giants like Samsung and LG Electronics Inc. It could also help the company develop an ecosystem of Amazon devices and services, similar to that of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).

Amazon already has a partnership with Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) to sell Insignia and Toshiba TVs that run Amazon&rsquo;s Fire TV software. The company also launched its first series of televisions under the AmazonBasics brand in India late last year.

Price Action: Amazon.com shares closed almost 0.5% lower in Thursday&rsquo;s regular trading session at $3,463.12 and further declined almost 0.2% in the after-hours session to $3,456.40.

Read Next: <a href="https://www.benzinga.com/markets/cannabis/21/09/22780958/amazon-urges-its-contractors-not-to-screen-for-cannabis-in-bid-to-recruit-delivery-drivers">Amazon Urges Its Contractors Not To Screen For Cannabis In Bid To Recruit Delivery Drivers</a>

Apple Inc.&rsquo;s (NASDAQ:<a class="ticker" href="/stock/AAPL#NASDAQ">AAPL</a>) iPhone 12 lineup continues to lag behind its Android-based rivals in terms of 5G performance, according to a report from Opensignal.

What Happened: Apple&rsquo;s first-ever 5 G-enabled smartphones are ranked lower than at least 25 smartphones running Alphabet Inc.&rsquo;s (NASDAQ:<a class="ticker" href="/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="/stock/GOOGL#NASDAQ">GOOGL</a>) Android operating system for overall download speed, as per the report.

Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="/stock/SSNLF#OTC">SSNLF</a>) accounted for at least 60% of the top 25 5G smartphones that were ranked based on their average 5G or 4G download speeds. Samsung&rsquo;s new Galaxy S21 5G, powered by Qualcomm Inc. (NASDAQ:<a class="ticker" href="/stock/QCOM#NASDAQ">QCOM</a>)&nbsp; Snapdragon 888, took the top spot with an average download speed of 56 Mbps.

TCL Electronics Holdings Limited&rsquo;s (OTC:<a class="ticker" href="/stock/TCLHF#OTC">TCLHF</a>) Revvl 5G and the OnePlus 8T+ took the second and third spots, with download speeds of 49.8 Mbps and 49.3 Mbps, respectively. The LG Velvet 5G was in 25th place with a download speed of 37.8 Mbps.

See Also: <a href="https://www.benzinga.com/news/21/03/20113026/apple-cuts-orders-for-iphone-12-mini-by-70-owing-to-lack-of-demand-report">Apple Cuts Orders For iPhone 12 Mini By 70% Owing To Lack Of Demand: Report</a>

In comparison, the iPhone 12 Pro and iPhone 12 Pro Max had average download speeds of 36.9 and 36.2 Mbps, while the iPhone 12 and iPhone 12 mini clocked speeds of 29.6 and 32.9 Mbps, respectively.

However, the Apple devices had overall download speeds 2.3 times faster than their 4G iPhone counterparts that used older Intel modems, according to the report. In addition, the average download speeds on the 5G iPhone Pro models are 36% faster than the speeds on the most recent cellular iPad Pro models that are limited to 4G.

Why It Matters: While the iPhone 12 models have been successful for Apple and helped the tech giant to <a href="https://www.benzinga.com/news/earnings/21/01/19357921/apple-tops-q1-earnings-expectations-as-iphone-china-strength-lead-to-record-revenues">report</a> better-than-expected first-quarter results earlier this year, the lineup&rsquo;s <a href="https://www.benzinga.com/tech/20/10/17997183/apples-iphone-12-battery-drains-faster-than-androids-on-5g-report">battery performance</a> has also fallen short.

The iPhone 12 is Apple&rsquo;s first 5G device, while Samsung&rsquo;s smartphones are the third generation of 5G devices.

Price Action: Apple shares closed almost 2.5% higher on Monday at $123.99.

Read Next: <a href="https://www.benzinga.com/news/21/03/20159333/apple-discontinues-the-original-homepod-speaker">Apple Discontinues The Original HomePod Speaker</a>

Apple's iPhone 12, iPhone 12 Pro Trail Android Rivals In 5G Speeds: Report

TCL Electronics Holdings Limited (OTC:<a class="ticker" href="/stock/TCLHF#OTC">TCLHF</a>) announced that it recently renewed global partnership with Netflix (NASDAQ:<a class="ticker" href="/stock/NFLX#NASDAQ">NFLX</a>). The cooperation with Netflix will further scale up the Company's overseas Internet business and add one more valuable partner to the Company while expanding its global markets.

TCL TV users are able to enjoy Netflix content conveniently by either accessing pre-installed Netflix app on TCL TVs' start up page or pressing a shortcut button on the TV's remote control. The global TV market share of TCL Electronics has been increasing dramatically in recent years. The renewed partnership with Netflix will further increase the Company's revenue of overseas Internet business and consolidate its leading position as the first Chinese enterprise in the industry to gain large-scale and sustainable revenue from overseas Internet business. Both parties will expedite global cooperation collectively to achieve mutual benefits.

TCL Electronics has always been committed to providing customers with better user experiences. The Company will push forward its Internet business and the strategy of "AI x IoT" and realize hardware + software + the interconnection of all devices and integration of various scenarios, and to provide users with smart and healthy living products and services.

In the future, the Company will further deepen its strategic cooperation with its overseas Internet business partners, propel internationalization of its brand awareness and strengthen its brand influence, continuously optimize global manufacturing layout and grow global market share, and increase the proportion of revenue and profit of Internet business. TCL Electronics aims to become a global leading smart technology company with recurring and sustainableI nternet business revenue and create greater value for shareholders.

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TCL Electronics Holdings

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