- Indian conglomerate Reliance Industries has postponed the budget smartphone launch with Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to November during Diwali festive season, citing the global semiconductor crisis.
- Diwali falls on November 4 this year. The launch was previously planned for September 10.
- The companies expect additional time to help mitigate the crisis.
- Additionally, the Indian festive season, which lasts for a month, will be a significant driver for smartphones.
- Price Action: GOOG shares traded lower by 1.53% at $2,853.90 on the last check Friday.
Longbow Turns Bullish On Pool Corp – Read Why
Longbow Research analyst David MacGregor upgraded Pool Corp (NASDAQ:POOL) to Buy from Neutral with a $550 price target, implying a 28% upside. David…
