Apple bets on speed with 5G-enabled iPhone 12 range
Apple has launched the latest generation of smartphones by emphasising 5G as the standout feature.
In an event taglined “Hi, Speed”, Apple debuted four devices with native support for 5G, with the company’s bet on the technology leading that this is the moment the networking technology goes mainstream.
The move from Apple comes at the tail end of 5G-enabled devices from its competitors, with Samsung launching its first 5G phone, the Galaxy S10, way back in February 2019, with others such as Google and Huawei following suit in the intervening period.
It’s notable that the entire range of announced phones include 5G, including the cheapest iPhone 12 mini, signalling that 5G is set to become a standard, rather than premium feature.
In , Greg Joswiak, Apple’s senior vice president of Worldwide Marketing, said: “This is a huge leap for iPhone, bringing the best 5G experience in the market and delivering our most advanced technologies to users who want the absolute most from their iPhone,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing. “Each generation of iPhone has changed what we expect from a smartphone, and now with 5G, iPhone 12 Pro provides a new generation of performance.”
Further demonstrating its emphasis on high speed connectivity was the HomePod mini smart speaker, which makes use of low power Thread networking technology, a solution specifically designed to improve the security and ease of building an IoT network.
Apple’s hesitancy to release a 5G phone might in part be due to the rocky road that has affected the speed of the rollout. Quite aside from the ongoing COVID-19 pandemic, led to the banning of market leader Huawei from many national 5G networks, leaving Western companies to pick up the pieces and build equivalent solutions.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.