Xiaomi's website overloaded by Brazilian buyers on first day of launch

[cirr]

Which series is the best?

I have an Ascend P8 and would probably stick to the P series for the next couple of years。


Huawei said to be readying the P9 with Kirin 950 processor, fingerprint sensor

Justin Herrick

May 20, 2015



The Huawei P8, despite being launched less than two months ago, is already seeing its successor receive attention. Alleged acquaintances of Huawei factory workers claim to have knowledge of the upcoming P9’s specifications.

Codenamed IP03, the Huawei P9 will reportedly have a curved rear along with a fingerprint sensor. This would be similar to what is found on the Mate 7.

The following is what the Huawei P9 is expected to offer:

• 5.2-inch display
• 16MP rear camera with optical image stabilization (OIS)
• Kirin 950 processor
• Fingerprint sensor

It is highly unlikely that the Huawei P9 debuts at the company’s June 2 event. This handset is at a few months away from being announced.

Huawei said to be readying the P9 with Kirin 950 processor, fingerprint sensor | TalkAndroid.com

Huawei P9 to Boast Curved Display, Kirin 950 SoC - Rumor

The Huawei P9 is reportedly already in the works

The people at Huawei don’t seem to have too much time for relaxation. After unveiling the P8 handset not so long ago, the company seems to be already involved in the development of the next-gen flagship, dubbed the P9.

The folks of Mobile Dad have stumbled upon evidence that Huawei has already started testing the phone codenamed “IP03” in China. Since the Huawei P7 and P8 were codenamed “IP01” and “IP02,” respectively, it makes sense to assume we’re dealing with the P9.

Sources familiar with the matter are whispering that the P9 will be somehow different to the current P8, as it appears that the phone will sport a curved display and will house a fingerprint scanner on the back.

The phone will probably see the light of day sometime in 2016

You should certainly take this information with a big grain of salt, especially since it might take Huawei over a year to actually produce the P9. Until then, a lot of things might change.

The report also claims the P9 will arrive with a 5.2-Inch display and a 16MP camera with OIS (optical image stabilization) like the LG G4. The phone will supposedly draw power from a new HiSilicone Kirin 950 processor.

Huawei is expected to unveil this particular piece of silicone sometime towards the end of the year. According to the available information, the platform will be manufactured using TSMC’s 16nm process.

But the thing is that Huawei’s latest P8 flagship didn’t impress reviewers and consumers all that much. For starters, it’s pretty expensive and its internal specifications don’t really seem to justify the high rate.

The device takes advantage of a 5.2-inch display with 1080p resolution, a Kirin 930 chip with 2GHz octa-core CPU on the inside working hand in hand with 3GB of RAM and 16GB of internal storage.

The imaging department seems to be a little more interesting, in the sense that the phone bundles a camera sensor with four types of sub-pixels, including Red, Green, Blue and White. This setup should make the snapper more efficient in low-lighting environments.

The 13MP main camera benefits from optical image stabilization and can also be rotated up to 1.6°, double than what the iPhone 6 Plus camera can do. Huawei also boasts that the image processor inside the phone can deliver DSLR quality.

It seems to us that Huawei should put a lot of thought into the P9, and adding a curved glass display into the picture might be a good idea, since “edged” phones like the Samsung Galaxy S6 edge are pretty popular these days. Nevertheless, we shouldn’t expect the P9 to make it out

Huawei P9 to Boast Curved Display, Kirin 950 SoC - Rumor - Rediff Realtime News

 

[TaiShang]

Huawei sells 9 million Honor 7s in China in just one week

by Gordon Hunt

1 HOUR AGO

Ahead of its entrance into the European market later this year, Huawei has announced it has received nine million pre-orders of its new Honor 7 smartphone, one week after the launch.

Yesterday’s flash sale saw 200,000 units sell out in just two minutes, which is a bit nuts. The units were of varying configurations and colours, with Huawei shifting 1,667 handsets a second (!).

Now the company has announced its massive pre-order numbers, with total devices sold in 2015 so far already the equal to the total numbers last year.

“We are very excited about this regional success and believe that Honor 7 will see a great response from users in Europe too, later this year,” said Honor’s Frank Yao in a statement.

“As a new flagship product of the Honor product family, Honor 7 is bringing further innovation at an affordable price. Feedback from the community is very positive, which reaffirms our commitment to our customers and our focus to deliver products that always exceed users’ expectations.”

The new phone has a 5.2in 1080p display and is powered by a 64-bit octa-core Kirin 930 SoC. It has 3GB of RAM, comes with 64gb of internal storage and has a 21mpx (rear) and 8mpx (front) camera.

There’s another flash sale scheduled for July 14th, with Huawei’s European adventure beginning later this year.

Main image via GSMArena.com

Huawei sells 9 million Honor 7s in China in just one week

Impressive!

 

[cirr]

Which series is the best?

If you want to try out Huawei’s own Kirin OS，then Honor 7 is the obvious choice。

Huawei eyes Europe as China snaps up Honor 7

Alexander Sword

11:07, July 9 2015

High-end device aimed at building up a reputation for luxury.

Huawei's new honor 7 has received 9 million unit orders in its first week alone.

The latest flagship device from Huawei is aimed at the luxury market, sporting a fingerprint sensor, 20 MP camera and metal case.

Huawei hopes to distance itself from its lower-end devices and make inroads into the European market with the device, which joins the honor 6+, honor 6 and honor 4X in the higher-end Honor brand.

The Chinese networking and manufacturing giant has also moved to distance itself from Android with its Kirin operating system; this will be the first device to run it.

"We are very excited about this regional success and believe that honor 7 will see a great response from users in Europe too, later this year. As a new flagship product of the Honor product family, honor 7 is bringing further innovation at an affordable price," commented Frank Yao, Managing Director WEU, Honor.

"Feedback from the community is very positive, which reaffirms our commitment to our customers and our focus to deliver products that always exceed users' expectations."

Huawei's share price has dipped in recent months due to the ongoing crash in China, which has seen the overall capitalisation of the stock market drop by over $3 trillion. Since its peak in January Huawei's stock price has fallen by 29 percent, ending a period of similiarly dramatic rises.（What the heck is this？I thought Huawei was a private company in private hands)

Huawei eyes Europe as China snaps up Honor 7 - Computer Business Review

 

[Shotgunner51]

Yes. Indian percapita GDP is not too different from other countries like Indonesia, or Myanmar.

No, Indonesian per capita GDP is $3,514.6, like 116% higher than India, which is only $1,630.8 as per World Bank 2014 data. As a huge economy, Indonesia represents average ASEAN level, countries like Thailand, Malaysia are even much higher, let alone Singapore & Brunei.

GDP per capita (current US$) | Data | Graph

 

[mike2000 is back]

What high-end Japanese and Taiwanese suppliers?

If you mean Sony and HTC, they are as good as dead.

HTC's stock prices, for example, have crashed from over NT1300 to sub NT70.

Xiaomi, valued at some 45 billion US dollars, is worth more than Sony and HTC combined. And Sony does a lot of other businesses apart from smartphones.

Don't tell me that the investors in Xiaomi are totally and utterly off the mark.

LOOOL I'm talking about high end/top Japanese, S. Korean, Taiwanese components suppliers like securing supplies of display panels from Sharp,Qualcomm supply processors, Wi-Fi modules to tiny, energy-storing ceramic capacitors etc.
A quote from the article link below says
: 'A significant portion of those Chinese handsets’ guts—as much as 50% by value, in some cases—is made by Japanese companies like Murata Manufacturing Co. or TDK Corp.'
'Chinese companies are boosting purchases of Japanese parts as they push beyond the domestic market, in order to upgrade their phones. In some Chinese-branded phones, Japanese suppliers provide up to half of the parts by value, said Daiki Takayama, an analyst at Goldman Sachs'

Chinese Smartphones Lift Japan’s Electronics Business - WSJ


Its for this reason i believe Chinese smartphone makers like Xiaomi ought to move up the value Chain and invest more in R&D. Also Chinese component/electronic suppliers/makers have to really up their game, they seem to still be in the low end/middle end segment for now, which isnt very lucrative to be honest. China has the scale/industrial base/supply chain to do it, reason im surprise it still has to rely on Japanese,Korean and Taiwanese suppliers for most parts of its phones.

LGD increases supplies to Xiaomi 4 times - News - Xiaomi MIUI Official Forum
Chinese Smartphones Are Helping Grow Japan&[HASHTAG]#039[/HASHTAG];s Ailing Electronics Sector | TechTree.com
Japan parts makers cheer China smartphone boom - Nikkei Asian Review
Japanese parts makers riding China's huge smartphone wave- Nikkei Asian Review

Moreover as i said, Xiaomi value is merely an estimate investors assigned to it, its not yet listed. Moreover, this can quickly slide when the hype cools down(it always does), in case Xiaomi doesn't invest more on differentiating its product in the long run from others, instead of competing on price only. However, i have to say i dont blame Xiaomi that much, since its still a new company compared to other giants like Huawei, Samsung, Apple, etc who have been in business for quite a long time. So i still give Xiaomi some credit, hopefully with time it will keep its lights on. We will have to wait for 5 years from now to see how things play out.

No, Indonesian per capita GDP is $3,514.6, like 116% higher than India, which is only $1,630.8 as per World Bank 2014 data. As a huge economy, Indonesia represents average ASEAN level, countries like Thailand, Malaysia are even much higher, let alone Singapore & Brunei.

View attachment 236270

GDP per capita (current US$) | Data | Graph

SEA has a significant lead on standard of living/development compared to S.Asia on average. With exception of say Sri Lanka, I dont see which S.Asian countries even come close to middle/average SEA countries in living standards/literacy etc.

 

[Shotgunner51]

SEA has a significant lead on standard of living/development compared to S.Asia on average. With exception of say Sri Lanka, I dont see which S.Asian countries even come close to middle/average SEA countries in living standards/literacy etc.

That's true, other than Sri Lanka which is about same level (per capita GDP as below chart; similar in other indicators) as Indonesian, i.e. ASEAN average, the South Asia region has much lower than ASEAN standards, lower than Sub-Saharan Africa.

 

[Echo_419]

No ,Somalia will take that spot but nobody will invest in Somalia

Sure why not

Lol I saw a comment by one Indian guy and he goes on to say, "one plus is probably not a chinese start up company, it's a US company." I was like, wtf where do people get these ridiculous information.
Yes, I agree with you. It's a branch out company from OPPO. Not sure if OPPO still have stakes in them.
The thing is OPPO needs better pricing strategy. One plus got it right.


Priced better than an iPhone? IPhone stands no where in pricing when it goes head to head with Xiaomi.

I am using a MI3. It's been almost a year now and no major fault at all with the phone. Just a few bugs with the MIUI. That isn't enough to deter one from buying an incredible value for money phone.
You could close your eyes and pick one up. I play wot blitz on this phone and performs flawlessly. Cheers!

Mi 3 is good great value for money but by spendig a few extra bucks you can get a better phone like one plus one & oppo

 

[Echo_419]

I agree with you completely, this is one fact many people dont understand. Xiaomis model is the best thing that could ever happen to high end japanese, S.korean and taiwanese suppliers, plus xiaomis CEOs obviously.

I said similar thing before. Xiaomi is simply a hype, and its only very good in marketing/creating hype around its products. It isnt any different from a smart phone assembler like micromax, yota phone, etc lol. As it doesnt hold much patents, neither does it invest significantly in R&Dwhich i cant blame it since it doesnt have any profit at all judging by the fact that it seeks to compete only on price thereby having a very small insignificant margin.

The only company i respect in this field is huawei and to some extent lenovo/ZTE, since they hold real latents and gain alot from producing critical parts of their own products which gives them more bang for their bucks. Huawei alone spends billions of dollars each year on R&D in fact they alone spend more than some countries.lol. Not because they like, but because they know thats the best way to remain competitive in this ever changing world and stay ahead of the crowd with time. Else they will decline and be forgotten with time like.others beforw them im afraid this fate awaits xiaomi when the hype dies off and if it doesnt invest heavilly in R&D .

Agreed any company which does not invests in R&D is doomed

 

[mike2000 is back]

That's true, other than Sri Lanka which is about same level (per capita GDP as below chart; similar in other indicators) as Indonesian, i.e. ASEAN average, the South Asia region has much lower than ASEAN standards, lower than Sub-Saharan Africa.

View attachment 236275

Plus Subsaharan Africa is now growing quite fast as well, so the gap might increase instead.
However Sri Lanka, is only fairly better off compared to S.Asian countries. Put in another continent it wouldnt be a shinning model that much.lool

Africa will have faster economic growth than any other region by 2040: PwC | African Business News | African Financial & Economic News
Africa's economy 'seeing fastest growth' - BBC News
Africa is Now the Fastest Growing Continent in the World - African Development Bank
Once again, African countries to comprise 6 out of 10 of the world's fastest growing economies in 2014 - CPAfrica

Not bad for a continent people think is at the bottom....

 

[cirr]

LOOOL I'm talking about high end/top Japanese, S. Korean, Taiwanese components suppliers like securing supplies of display panels from Sharp,Qualcomm supply processors, Wi-Fi modules to tiny, energy-storing ceramic capacitors etc.
A quote from the article link below says
: 'A significant portion of those Chinese handsets’ guts—as much as 50% by value, in some cases—is made by Japanese companies like Murata Manufacturing Co. or TDK Corp.'
'Chinese companies are boosting purchases of Japanese parts as they push beyond the domestic market, in order to upgrade their phones. In some Chinese-branded phones, Japanese suppliers provide up to half of the parts by value, said Daiki Takayama, an analyst at Goldman Sachs'

Chinese Smartphones Lift Japan’s Electronics Business - WSJ


Its for this reason i believe Chinese smartphone makers like Xiaomi ought to move up the value Chain and invest more in R&D. Also Chinese component/electronic suppliers/makers have to really up their game, they seem to still be in the low end/middle end segment for now, which isnt very lucrative to be honest. China has the scale/industrial base/supply chain to do it, reason im surprise it still has to rely on Japanese,Korean and Taiwanese suppliers for most parts of its phones.

LGD increases supplies to Xiaomi 4 times - News - Xiaomi MIUI Official Forum
Chinese Smartphones Are Helping Grow Japan&[HASHTAG]#039[/HASHTAG];s Ailing Electronics Sector | TechTree.com
Japan parts makers cheer China smartphone boom - Nikkei Asian Review
Japanese parts makers riding China's huge smartphone wave- Nikkei Asian Review

Moreover as i said, Xiaomi value is merely an estimate investors assigned to it, its not yet listed. Moreover, this can quickly slide when the hype cools down(it always does), in case Xiaomi doesn't invest more on differentiating its product in the long run from others, instead of competing on price only. However, i have to say i dont blame Xiaomi that much, since its still a new company compared to other giants like Huawei, Samsung, Apple, etc who have been in business for quite a long time. So i still give Xiaomi some credit, hopefully with time it will keep its lights on. We will have to wait for 5 years from now to see how things play out.



SEA has a significant lead on standard of living/development compared to S.Asia on average. With exception of say Sri Lanka, I dont see which S.Asian countries even come close to middle/average SEA countries in living standards/literacy etc.

Ever heard of the “Red Supply Chain？

It is a hot topic in Japan、South Korea and Taiwan these days。

Red supply chain threatens Taiwan's electronics industry｜WCT

Chinese components suppliers are beginning to replace J、S and T suppliers in a big way，especially LCD suppliers。

As for processors，Chinese suppliers such as Hisilicon、Spreadtrum、Rockchip、Allwinner、Changjiang and many others（all of which are the fastest growing）are also making inroads into the last bastion of electronic industry。Come back in a few short years and you will see Chinese chip designers（Qualcomm does not make any chips，it is merely a designer），chipmakers，chip packagers supplying Chinese electronic devices。

The fact that the stock prices of the vast majority of J、S and T components suppliers are kissing groundfloor speak volumes about the profitability and prospects of these companies in the face of Chinese competition，now and in the near future。

'Korea's competitiveness in LCD panel sector overtaken by China

By: Jung Suk-yee | businesskorea.co.kr | Posted: 30 Jun 2015, 14:10

Studies show that Korea’s competitiveness in the communication and information device sector, such as cellphones and laptop PCs, has overtaken by China in the Japanese market, and the country urgently needs to recover its international competitiveness.

Korea Economic Research Institute (KERI) announced on June 29 that there are warning signs ahead for Korea’s information technology equipment industry in a report called “Korean Information Technology Equipment Industry’s International Competitiveness Comparison of Korea, China and Japan and Policy Proposals.”

After an analysis of the international competiveness index of 193 items in the information, communication, parts and broadcasting equipment industry from 2009 to 2014, the report said that Korea’s index is lower than that of China in the communication and information equipment sector, and lower than Japan in the parts sector, including system semiconductors, on the trade between Korea, China and Japan. Also, the trend becomes more permanent.

In particular, Korea’s exports of cellphones and LCD panels, the major export items of the country, are overtaken by China in six years in the export competition to Japan.

China has a comparative advantage in various sectors in the Japanese market, including the cellphones, LCD panels, laptop PCs, secondary storage, multimedia card, wireless communication device parts, photoelectron and broadcasting equipment sectors.

The trend is more noticeable in the cellphone and LCD panel sectors. According to KERI’s comparative advantage index, Korea’s figure in the cellphone sector decreased from 5.36 in 2009 to 1.65 in 2014, while China’s figure increased from 2.04 in 2009 to 2.09 in 2014.

Also, the Korean index in the LCD panel sector significantly dropped from 18.47 in 2009 to 2.57 in 2014. However, the Chinese index, which had a large gap with Korea in 2009, grew from 3.74 in 2009 to 13.4 in 2014, increased by 3.5 times.

The report said that Korea needs to upgrade its global production system and network in order for domestic companies to be specialized in high value added production process in the reorganization of production sharing structure in Northeast Asia.

In order to do so, the country needs to upgrade its global value chain by raising China’s status from the existing specialization structure using it as its global production base to an intermediate cooperative partner, suggested the report.

Also, it stressed, “As the export structure of the domestic information technology device sector has changed from complete products to parts, Korea should promote exports of high value added key components by strengthening core technology development.”

Agreed any company which does not invests in R&D is doomed

Xiaomi is more an internet、software and e-commerce（as a matter of fact，it is the 3rd largest e-commerce company by sales after Alibaba and JD.com in China）company than a hardware maker and seller。Xiaomi smartphones might be selling for prices slightly above costs yet the company‘s profit margins are way higher than the vast majority of companies in the hardware category，components suppliers or ODMs。As a matter of fact，the selling of hot products other than smartphones on its website is the most important business model for Xiaomi, which may also be one of prominent innovations of the company since its establishment。

Xiaomi is also an investment holding company that holds stakes，large or small，in a multitude of high tech companies each of which has been valued at hundreds of millions to billions of US dollars。

With high margin revenues from software and e-commerce operations，Xiaomi can also afford spending a high percentage of revenue on R&D，the increasing number of patents applied and granted is testimony to just that。

 

[AndrewJin]

Ever heard of the “Red Supply Chain？

It is a hot topic in Japan、South Korea and Taiwan these days。

Chinese components suppliers are beginning to replace J、S and T suppliers in a big way，especially LCD suppliers。

As for processors，Chinese suppliers such as Hisilicon、Spreadtrum、Rockchip、Allwinner、Changjiang and many others（all of which are the fastest growing）are also making inroads into the last bastion of electronic industry。Come back in a few short years and you will see Chinese chip designers（Qualcomm does not make any chips，it is merely a designer），chipmakers，chip packagers supplying Chinese electronic devices。

The fact that the stock prices of the vast majority of J、S and T components suppliers are kissing groundfloor speak volumes about the profitability and prospects of these companies in the face of Chinese competition，now and in the near future。

'Korea's competitiveness in LCD panel sector overtaken by China

By: Jung Suk-yee | businesskorea.co.kr | Posted: 30 Jun 2015, 14:10

Studies show that Korea’s competitiveness in the communication and information device sector, such as cellphones and laptop PCs, has overtaken by China in the Japanese market, and the country urgently needs to recover its international competitiveness.

Korea Economic Research Institute (KERI) announced on June 29 that there are warning signs ahead for Korea’s information technology equipment industry in a report called “Korean Information Technology Equipment Industry’s International Competitiveness Comparison of Korea, China and Japan and Policy Proposals.”

After an analysis of the international competiveness index of 193 items in the information, communication, parts and broadcasting equipment industry from 2009 to 2014, the report said that Korea’s index is lower than that of China in the communication and information equipment sector, and lower than Japan in the parts sector, including system semiconductors, on the trade between Korea, China and Japan. Also, the trend becomes more permanent.

In particular, Korea’s exports of cellphones and LCD panels, the major export items of the country, are overtaken by China in six years in the export competition to Japan.

China has a comparative advantage in various sectors in the Japanese market, including the cellphones, LCD panels, laptop PCs, secondary storage, multimedia card, wireless communication device parts, photoelectron and broadcasting equipment sectors.

The trend is more noticeable in the cellphone and LCD panel sectors. According to KERI’s comparative advantage index, Korea’s figure in the cellphone sector decreased from 5.36 in 2009 to 1.65 in 2014, while China’s figure increased from 2.04 in 2009 to 2.09 in 2014.

Also, the Korean index in the LCD panel sector significantly dropped from 18.47 in 2009 to 2.57 in 2014. However, the Chinese index, which had a large gap with Korea in 2009, grew from 3.74 in 2009 to 13.4 in 2014, increased by 3.5 times.

The report said that Korea needs to upgrade its global production system and network in order for domestic companies to be specialized in high value added production process in the reorganization of production sharing structure in Northeast Asia.

In order to do so, the country needs to upgrade its global value chain by raising China’s status from the existing specialization structure using it as its global production base to an intermediate cooperative partner, suggested the report.

Also, it stressed, “As the export structure of the domestic information technology device sector has changed from complete products to parts, Korea should promote exports of high value added key components by strengthening core technology development.”



Xiaomi is more an internet、software and e-commerce（as a matter of fact，it is the 3rd largest e-commerce company by sales after Alibaba and JD.com in China）company than a hardware maker and seller。Xiaomi smartphones might be selling for prices slightly above costs yet the company‘s profit margins are way higher than the vast majority of companies in the hardware category，components suppliers or ODMs。As a matter of fact，the selling of hot products other than smartphones on its website is the most important business model for Xiaomi, which may also be one of prominent innovations of the company since its establishment。

Xiaomi is also an investment holding company that holds stakes，large or small，in a multitude of high tech companies each of which has been valued at hundreds of millions to billions of US dollars。

With high margin revenues from software and e-commerce operations，Xiaomi can also afford spending a high percentage of revenue on R&D，the increasing number of patents applied and granted is testimony to just that。

Yep, Taiwanese political and economic talkshows discuss it almost everyday.
地球黄金线 2015-07-08 大陆红色供应链杀戮战场,台湾科技业突围关键! - 地球黄金线 旗米拉论坛

Xiaomi is more an internet、software and e-commerce（as a matter of fact，it is the 3rd largest e-commerce company by sales after Alibaba and JD.com in China）

Dude, 7th anniversary of the online supermarket 一号店
50% off!!!!!
Buy 199yuan, 100yuan off!!
I cannot buy, since I am leaving for Sichuan/Yunnan tomorrow.

 

[rott]

Anyone wanna platoon with me on wot blitz?

 

[cirr]

Yep, Taiwanese political and economic talkshows discuss it almost everyday.
地球黄金线 2015-07-08 大陆红色供应链杀戮战场,台湾科技业突围关键! - 地球黄金线 旗米拉论坛


Dude, 7th anniversary of the online supermarket 一号店
50% off!!!!!
Buy 199yuan, 100yuan off!!
I cannot buy, since I am leaving for Sichuan/Yunnan tomorrow.

Haha。I am a regular on 1HaoDian too。A few clicks here and there and you have goods delivered to your door same day or next day。I buy 95% groceries off the website。MY favorite item：fresh raw salmon。

Sichuan and Yunnan？Lucky you！I wish I could revisit some of the most scenic sites bordering the two provinces。

 

[AndrewJin]

Haha。I am a regular on 1HaoDian too。A few clicks here and there and you have goods delivered to your door same day or next day。I buy 95% groceries off the website。MY favorite item：fresh raw salmon。

Sichuan and Yunnan？Lucky you！I wish I could revisit some of the most scenic sites bordering the two provinces。

Now lucky now, I miss the chance of this crazily crAzy sales!

 

[Shotgunner51]

Its for this reason i believe Chinese smartphone makers like Xiaomi ought to move up the value Chain and invest more in R&D

Agreed any company which does not invests in R&D is doomed

Xiaomi is also an investment holding company that holds stakes，large or small，in a multitude of high tech companies each of which has been valued at hundreds of millions to billions of US dollars

Yes, due to the long and open supply chain Xiaomi adopts a strategic investment model in acquiring R&D results. This is popular among large US tech corps like IBM (check IBM Venture Capital Group) and Google. The invested startups can maintain their independent corporate culture which usually is critical to early stage R&D, while the investor has flexibility in choosing the best investment model subject to the nature of tech, and its stage of development.

R&D is an investment business, the professionals know how to handle it.