Mobile World Congress canceled, Essential Products shutting down
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MWC or mobile world congress is cancelled.
GSMA the organization responsible for the Barcelona mobile show announced that it was Calling the event off on Wednesday, due to the number of companies withdrawing following the outbreak of Corona virus.
GSMA CEO John Hopkins said the global concern regarding the corona virus outbreak, travel concern and other circumstances make it impossible.
The central products the mobile hardware startup founded by Android creator [UNKNOWN] Ruben is ceasing operations and shutting down the company said on Wednesday.
[UNKNOWN] released a premium smart phone in 2017 but it failed to gain traction among buyers.
Essential teased a second phone called project gem in 2019 but it never made it to market And finally, by 2025 Apple Pay will account for 10% of global card transactions.
This according to research firm Bernstein, as reported by Courts\g on Tuesday.
The mobile payment feature currently accounts for about 5% of credit card transactions.
According to the report as well, in January's earnings call for Apple CEO Tim Cook said Apple Pay transactions have more than doubled year over year and exceeded 15 billion transactions.
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