ASML said it now expects annual revenue to hit 24-30 billion euros ($28-$35 billion) by 2025 with gross margins of 54%-56%.
The countdown to Labor Day has begun and many of the biggest consumer electronics brands–including Samsung.
Xiaomi sold more phones in June than its rivals Samsung and Apple. Its sales grew 26% compared to the previous month.
Big electronic brands in India are bearing the brunt of the second COVID-19 wave as lockdowns and curbs around online selling lead to a crash in sales.
John Curtis, who has been with Samsung Electronics America for about five years, is taking the channel chief role vacated by the departure of Mike Coleman.
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