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Today’s must-reads:

thinks it can buck the global smartphone downturn.
• Masayoshi Son could be $4 billion in the hole.
• China’s top chipmaker is the latest to warn of a dire outlook for tech.

Smartphones SINK.

The world’s largest smartphone market is in DEEP TROUBLE

China saw a 14.7% decline in phone shipments in the second quarter, according to research firm IDC. And multibillion-dollar pillars of the industry like Xiaomi Corp., Vivo and Oppo all reported steep sales declines.

bloomberg.com/news/newsletters

Big Trouble in Little China (1/5) Movie CLIP - The Three Storms (1986) HD

youtu.be/fWcPwWR4C_w

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