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IBM and Lenovo executives are bullish that the $2.3 billion sale of IBM’s x86 server enterprise to Lenovo, introduced today, is decent for channel partners and offers the lore for them to extend enterprise alternatives with consumers.
however which purchasers?
As Tom Rosamilia, senior vp for IBM's systems and technology group, made limpid in a media teleconference today involving Lenovo’s plans to acquire IBM’s x86 server company, the stream is one more illustration of how IBM continues to seriously change its trade to steer predominant shifts in expertise and remixes its portfolio to focus of attention on better-cost items for commercial enterprise purchasers.
In selected he spoke of concomitant information related to the formation of a unique Watson company unit -- the IBM Watson community -- committed to the development and commercialization of cognitive computing, as well as the opening of 40 statistics centers in 15 nations, a $1.2 billion investment to expand its world cloud computing infrastructure based mostly its acquisition of SoftLayer technologies Inc. in July 2013.
“We’re invariably investing in innovation and are making Watson know-how attainable within the cloud as a pile platform for the worldwide neighborhood of utility application suppliers,” Rosamilia referred to.
With the Lenovo/IBM x86 server sale – which contains device x, BladeCenter and Flex system blade servers and switches, x86-based Flex built-in programs, NeXtScale and iDataPlex servers and associated utility, blade networking, and protection operations -- IBM can focal point on system and utility innovation in strategic areas reminiscent of big facts analytics, cloud and safety, the enterprise stated.
Peter Hortensius, senior vp and president for the believe trade group with Lenovo, said: "Lenovo's music listing in working with the channel speaks for itself. we're a very channel-focused enterprise, and the remarks they maintain gotten early on from their channel partners has entire been very tremendous. And they now maintain a number [of partners both IBM and Lenovo] upshot company with, and a number of IBM-entertaining or Lenovo-interesting [partners], and this offers possibility for entire of them."
these days’s Lenovo/IBM x86 server announcement wasn’t unanticipated for IBM Premier trade confederate imprint Wylie, CEO of Flagship solutions neighborhood, discovered in Boca Raton Fla., who has been listening to rumors of this sort of tide considering the fact that closing 12 months.
“It’s a rational shift for IBM far from what is traditionally a lessen-margin enterprise and frees up elements to focus on growth in rising enterprise markets, or non-hardware-intensive enterprise,” he noted.
while Flagship has been a huge PureFlex accomplice for IBM and may breathe impacted by today’s announcement, the particulars of which are uncertain for the time being, in keeping with Wylie, the enterprise furthermore presents cloud computing options and do in a unique of the primary software orders for SoftLayer when it grew to become an IBM company.
“We drudgery with organizations that maintain hybrid cloud implementations and businesses that maintain no on-web site device in any respect who began their application construction on Amazon cloud. I call lots of these businesses will movement to SoftLayer since it’s greater business-class,” he talked about.
Flagship is additionally working with a clinical company and the Watson group to verify what intelligence information will furthermore breathe gleaned from more than 10 million scientific records to breathe used in the future.
With microscopic inevitable suggestions to accelerate on as to how the x86 server trade sale influences channel partners, it’s a wait-and-see circumstance. in response to Hortensius, the transaction may hold one more six to 9 months to shut.
whereas there maintain been few particulars in regards to the maintain an upshot on of the sale on IBM's channel partners, IBM and Lenovo did notice that that they procedure to enter right into a strategic relationship that includes a global OEM and reseller settlement for sale of IBM’s entry and midrange Storwize disk storage systems; tape storage systems, conventional Parallel File gadget utility; SmartCloud Entry self-provider portal; and features of IBM’s device utility portfolio, including methods Director and Platform Computing options.
“We comprehend IBM will OEM to Lenovo but will I, for example, breathe in a position to order within the Flex apparatus using an IBM half number even it’s provided by course of Lenovo?” asked Wylie, noting that it’s too early to inform how issues will pan out.
nevertheless, IBM and Lenovo are bullish that nowadays’s announcement is benign information for channel companions, pointing out that there’s already overlap between what Lenovo has in its workstation and server enterprise and how IBM goes to market in device x.
Rosamilia preeminent that these days’s announcement exposes a more wide portfolio and greater opening for companions.
“Lenovo has products on the lessen conclusion of the dimensions that they don’t maintain and allows us to maintain a broader portfolio going ahead with their channel companions. also, IBM has a complete community of value companions and value distributors and now they now maintain a higher set of capabilities, flexibility and ease of doing enterprise that we’re capable of catch for superior performance with them,” he referred to.
Stephen Leonard, confidential manager of revenue in IBM’s gadget and expertise neighborhood, delivered that these days’s announcement items a pretty benign possibility for channel companions to extend their trade around both Lenovo and IBM products, such because the vim programs, mainframe and storage items.
“We reckon that the composite of these two issues will beef up the site their channel has within the market and will provide them the capability to compete plenty more [broadly] and deeper in the markets they serve and add greater value to the consumers that they support, he stated.
IBM has pronounced its third-quarter revenues maintain been $23.72 billion in comparison to $24.74 billion this time ultimate 12 months. The revenues had been down due to the company’s underperforming hardware division, which is taking a hit with the turning out to breathe recognition of cloud functions. Revenues for the nine-month length totaled $seventy two.1 billion, a reduce of 4 p.c, compared with $seventy five.2 billion for the nine months of 2012.
Revenues within the hardware group maintain been down basically utterly throughout the board. Revenues from its techniques and expertise segment totaled $three.2 billion for the quarter, down 17 % from the third-quarter of 2012. Pre-tax earnings decreased $291 million to a loss of $167 million.
complete systems revenues lowered 19 p.c, and revenues from vim systems were down 38 % compared with the 2012 duration. Revenues from gadget x had been down 18 %. Revenues from gadget z mainframe server items expanded 6 % in comparison with the 12 months-in the past length. complete delivery of apparatus z computing energy, as measured in MIPS (millions of guidelines per 2nd), elevated 56 p.c. Revenues from system Storage lowered eleven %. Revenues from Microelectronics OEM extended 1 %.
software revenues had been up simply 1 percent the prior yr, showing again the company’s stagnating revenues within the third quarter.
“Hardware is down as a fashion,” referred to Ray Wang, co-founder of Constellation analysis. “there's an affect as a result of of cloud computing.”
IBM had some of its most fulfilling consequences with its cloud services efforts. Cloud earnings is up more than 70 p.c yr so far with salary in third-quarter exceeding $1 billion, of which about $460 million is delivered as a cloud service.
As greater businesses opt for cloud services, it can breathe expected that this style will proceed for IBM and different trade providers.
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Lenovo Tab V7 features a 13-megapixel rear camera with LED glance and a 5-megapixel front-facing camera with back for kisser unlock.
Lenovo has launched Lenovo Tab V7 at the Mobile World Congress (MWC) 2019 tech trade show. The tablet is priced at Euros 249 (Rs 20,060 approx.) and will breathe available for sale starting April 2019. The Lenovo Tab V7 comes in Slate Black colour.
The Lenovo Tab V7 features a 6.9-inch 18:9 FHD+Display with 2160 x 1080 pixels resolution, 84% NTSC Color Gamut, 350 nits brightness. It is powered by 1.8GHz Octa-Core Snapdragon 450 processor with Adreno 506 GPU. The tablet comes in two variants - 3 GB RAM + 32 GB storage and 4 GB RAM + 64 GB storage.
Lenovo Tab V7 features a 13-megapixel rear camera with LED glance and a 5-megapixel front-facing camera with back for kisser unlock. It features a fingerprint sensor at the back and runs on Android 9 Pie operating system out-of-the-box. The Lenovo Tab V7 is a dual SIM tablet with both SIMs carrying back for 5G connectivity.
The tablet is backed up by 5180mAh built-in battery with lickety-split charging. The company claims to tender up to 10 hours of local video playback and browsing time, and up to 30 hours of talk time. It measures 177.9 x86.5 x 7.89mm and it weighs 195 grams. For connectivity features, the device has 4G VoLTE, WiFi 802.11 ac (2.4GHz + 5GHz), Bluetooth 4.2 LE, GPS / GLONASS, USB Type-C.
Value investors actively view for stocks that they speculate the market has undervalued. It is their faith that the market overreacts to benign and baleful news, which results in stock expense movements that upshot not correspond with a company's long-term fundamentals. This, according to them, creates an opening to profit when the expense of the stock goes down. Value investors whirl to financial ratios to help anatomize a company's fundamentals.
The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock’s market value/price to its reserve value.
The P/B ratio is calculated as below:
P/B ratio = market expense per share/book value of equity per share
Now let us understand the concept of reserve value.
Understanding reserve Value
There are several ways by which reserve value can breathe defined. reserve value is the total value that would breathe left over, according to the company’s poise sheet, if it goes bankrupt immediately. In other words, this is what shareholders would theoretically receive if a company liquidates entire its assets after paying off its liabilities.
It is calculated by subtracting total liabilities from the total assets of a company. In most cases, this equates to the common stockholders’ equity on the poise sheet. However, depending on the company’s poise sheet, intangible assets should furthermore breathe subtracted from the total assets to determine reserve value.
Understanding P/B Ratio
By comparing the reserve value of equity to its market price, they derive an view of whether a company is under- or overpriced. However, like P/E or P/S ratio, it is always better to compare P/B ratios within industries.
A P/B ratio less than one means that the stock is trading at less than its reserve value, or the stock is undervalued and therefore a benign buy. Conversely, a stock with a ratio greater than one can breathe interpreted as being overvalued or relatively expensive.
For example, a stock with a P/B ratio of 2 means that they pay $2 for every $1 of reserve value. Thus, the higher the P/B, the more expensive the stock.
But there is a caveat. A P/B ratio less than one can furthermore intimate that the company is earning infirm or even negative returns on its assets, or that the assets are overstated, in which case the stock should breathe shunned because it may breathe destroying shareholder value. Conversely, the stock’s expense may breathe significantly tall — thereby pushing the P/B ratio to more than one — in the likely case that it has become a takeover target, a benign enough reason to own the stock.
Moreover, the P/B ratio isn't without limitations. It is useful for businesses — like finance, investments, insurance and banking or manufacturing companies — with many liquid/tangible assets on the books. However, it can breathe deceptive for firms with significant R&D expenditure, tall debt, service companies or those with negative earnings.
In any case, the ratio is not particularly germane as a standalone number. One should anatomize other ratios like P/E, P/S and debt to equity before arriving at a reasonable investment decision.
Price to reserve (common Equity) less than X-Industry Median: A lower P/B compared with the industry tolerable implies that there is enough elbowroom for the stock to gain.
Price to Sales less than X-Industry Median: The P/S ratio determines how much the market values every dollar of the company’s sales/revenues — a lower ratio than the industry makes the stock attractive.
Price to Earnings using F(1) rate less than X-Industry Median: The P/E ratio (F1) values a company based on its current share expense relative to its estimated earnings per share — a lower ratio than the industry is considered better.
PEG less than 1: PEG ratio links the P/E ratio to the future growth rate of the company. PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and investors exigency to pay less for a stock that has incandescent earnings growth prospects.
Current expense greater than or equal to $5: They must entire breathe trading at a minimum of $5 or higher.
Average 20-Day Volume greater than or equal to 100,000: A substantial trading volume ensures that the stock is easily tradable.
Zacks Rank less than or equal to #2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.
Value Scoreequal to A or B: Their research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 tender the best opportunities in the value investing space.
Here are six of the eight stocks that qualified the screening:
Mallinckrodt Public Limited Company MNK, a specialty biopharmaceutical company, currently has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%. You can observe the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies Inc. DELL, a provider of information technology solutions, currently has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 12%.
American Axle & Manufacturing Holdings, Inc. AXL is a leading supplier of driveline and drivetrain systems, modules and components for the light vehicle market. It has a Zacks Rank #2 and a Value Score of A. It has a 3-5 year EPS growth rate of 8.1%.
Daqo unique Energy Corp. DQ manufactures and sells high-quality polysilicon to photovoltaic product manufacturers. The company has a projected 3-5 year EPS growth rate of 29%. It currently has a Zacks Rank #2 and a Value Score of A.
General Motors Company GM, a leading global automotive company, currently has a Zacks Rank #2. It has a 3-5 year EPS growth rate of 8.5% and a Value Score of A.
CAI International, Inc. CAI, a leading intermodal freight container leasing and management company, has a projected 3-5 year EPS growth rate of 8%. CAI International currently has a Zacks Rank #2 and a Value Score of A.
You can derive the relaxation of the stocks on this list by signing up now for your 2-week free visitation to the Research Wizard and start using this screen in your own trading. Further, you can furthermore create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a powerful site to begin. It's light to use. Everything is in modest language. And it's very intuitive. Start your Research Wizard visitation today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and observe what gems advance out.
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or maintain sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory solid may own or maintain sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to derive this free report CAI International, Inc. (CAI) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis Report DAQO unique Energy Corp. (DQ) : Free Stock Analysis Report Dell Technologies Inc. (DELL) : Free Stock Analysis Report Mallinckrodt public limited company (MNK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
If you supervene smartphone news, you may maintain read that Apple and Samsung has had a less-than-stellar 2018, mainly due to falling sales in China and Southeast Asia (examples: in Thailand, Apple’s and Samsung’s market shares dropped 52.2% and 36.1%, respectively, in the fourth quarter of 2018 compared to the identical period in 2017, according to research solid Canalys; and in China, Samsung’s market share had fallen below 1% in 2018, becoming virtually extinct). The reason for the steep decline is clear: Chinese phone brands are pumping out mid-tier products so good, it is harder and harder to warrant buying a top flagship device.
Vivo’s latest, the V15 Pro, which was announced today and is aimed squarely at the Southeast Asia market, sends a limpid signal that Chinese brands aren’t going to let up in 2019.
Even in an industry that moves at a breakneck pace, Vivo's V progression may breathe the fastest evolving line in the industry. Exactly two years ago, I tested the the V5 Plus, and 24 months later they are already at the V15.
The big number jump is helped by the V series' "odd number only" styling–the V5 jumped to the V7, then to the V9, etc.–and the skipping of V13 altogether. Vivo didn't explain why the line skipped 13, but I speculate it has more to upshot with Vivo wanting to imprint a significant design/spec upgrade rather than following western superstition.
I speculate the logic is apt. The V15 Pro departs from the design language set by the V7, V9 and V11, instead taking cues from its higher-end Apex/Nex progression with notch-less screen design that uses an elevating, pop-up system to house the selfie camera.
This pop-up front-facing camera continues the V series' trend of pushing the boundaries of what's necessary for selfies. When the V5 was released two years ago, Vivo dubbed that phone "the faultless selfie phone" due to its 20-megapixel camera, which was the highest resolution by far at the time. Now, the V15 Pro's selfie camera is an absurd 32-megapixel lens. And yes, this is a "world's first"–words that Chinese brands are increasingly fighting to claim.
Around the back is a triple camera system that adds a wide-angle lens to the established main+depth sensor set-up. I maintain written about the usefulness of the wide-angle lens for years, and I'm excited that other brands–it is rumored the next iPhone will maintain one, too–have finally jumped on board after being an LG exclusive for many years.
The relaxation of the package isn't quite as exciting as the cameras, but we'll recede over that briefly before getting back to talking about the main selling point.
Hardware: blend of cutting-edge and outdated tech
The Vivo V15 Pro runs on a Snapdragon 675 processor, Qualcomm's unique upper-mid chipset that isn't quite on par with the 855 or 845 but a step above the 710. It was mainly designed to exploit Sony's 48-megapixel IMX586 sensor that has been entire the rage with mid-tier Chinese handsets in recent weeks, as well as improved battery efficiency. The chipset worked without problems for me and scored a very impressive 2390 and 6501 on Geekbench's single- and multi-core tests, respectively.
The uninterrupted, notch-less panoply is a 6.4-inch OLED panel with a fingerprint sensor underneath it, and it is very similar to the ultimate brace of Vivo V phones in that the panel is very good, but slightly less impressive than the panels create on top tier flagships, mainly because max brightness and resolution doesn't derive as high. There is no color-shift when viewing at off-angles, and colors are generally accurately represented, however. And without a notch digging into the screen, full-screen media upshot view more immersive.
The pop-up selfie camera module seems to breathe even faster than the one in the Vivo Nex, and in over a week of spend I maintain not encountered any issues with lag or the module getting stuck. The under-display fingerprint reader is furthermore best in-class, allowing unlocking that's almost as lickety-split as a traditional fingerprint sensor now.
There are two major disappointments with the hardware in my opinion: the first is the plastic corpse that feels below par, even factoring that this is a mid-tier handset selling in the $550 range. Less expensive handsets from Xiaomi or veneration give us glass or aluminum bodies, both feel sturdier and better in the hand than plastic. The plastic feels especially cheap after handling two ceramic-backed phones recently in the Xiaomi Mi blend 3 and Meizu Zero.
The other major gripe: the V15 Pro soundless charges via Micro-USB, the dying port that has been replaced two years ago by the vastly superior USB-C. Vivo's reasoning is that the V progression is aimed at developing markets in Southeast Asia, and USB-C adoption there isn't as wide as in, say, the U.S. or Hong Kong. This thinking was unprejudiced in 2017, or even 2018. But I speculate that in 2019 users everywhere are ready to merit the move. I’ve certainly heard enough feedback from readers here and viewers on my YouTube channel to know that Micro-USB ports are not desired.
And so I find the Vivo V15 Pro's hardware a progression of contradictions and juxtaposition. The phone has impressive, spec-sheet stuffing cameras, a fingerprint scanning tech that most Americans maintain never gotten the chance to try yet, and a bezel-less, all-screen display, but the phone is wrapped in plastic and charges via a port no techie want to observe again. At least the battery size has been increased to a respectable 3,700 mAh — and battery life is excellent thanks to the habitual Chinese software battery optimization — so the phone only needs to breathe topped up once a day.
Cameras: force in numbers
One of the common misconception among casual tech observers is that the larger the megapixel count, the better the camera. That is not true, and in smartphone photography specifically, software image processing and camera sensor size are more important. But with that said, having more pixels doesn’t hurt, and the 48-megapixel camera shines partly because of it.
The 48-megapixel sensor uses Sony’s unique “Quad Bayer” color filtering tech in which pixels in the images are filtered through the identical color in 2 X 2 grids. This, along with a process called pixel-binning that effectively combines four pixel’s worth of data into one, means the final image captured is far brighter and well-detailed than mobile cameras had previously offered. It helps that Vivo’s image processing is even-handed and not overly aggressive like Huawei’s. In the first photo sample below, which uses both Quad Bayer and pixel binning for yield the 12-megapixel shot, notice the image is well-balanced: the lights on the buildings across Hong Kong's Victoria Harbor are properly exposed, while the shaded areas closer to the bottom left corner of the image are well lit. The incandescent lights from the orange roofed pile on the right edge of the photo is furthermore accurately represented. The image overall furthermore has minimal noise. For a mid-tier handset, this is an impressive image, and most of this was post-image processing via the Quad Bayer system and Vivo’s own “A.I.-assisted” algorithms at work.
Below is another case of Vivo’s algorithm cleaning up the image a bit to merit it more appealing. The iPhone image is more natural to true life to my eyes, but Vivo’s shot cools the image temperature a bit to remove the yellow hue of the incandescent street lights, and furthermore pulled in more light in the darkest parts of the alley.
Now shooting in complete 48-megapixel resolution, the camera’s algorithm can’t upshot as much post-shot tweaking as there is no pixel binning or Quad Bayer tech involved, so very benign lighting is more crucial. If you shoot on a sunny day, you will derive a shot that allows you to zoom more than habitual without losing much image integrity. Check out the two samples below, of the original 48-megapixel shot, and then a cropped image zooming entire the course into the sign.
Moving on to the wide-angle lens, it offers a domain of vision of 120-degrees, which is wider than what LG offers on its V40, but the V15 Pro’s wide-angle shots attend to suffer from slight distortion. The wide-angle lens, like shooting in complete 48-megapixel resolution, is furthermore best used during the day, as it really struggles with racket and exposure compared to shooting in the optimal Quad Bayer/pixel-binning 12-megapixel mode, but it is soundless a useful lens to have. I maintain written this for years—a wide-angle lens allows the tolerable Joe without professional apparatus or shooting skills to capture more dynamic, eye-grabbing shots. It is far more useful in my belief than the telephoto zoom lens offered by Apple’s and Samsung’s phones. I speculate both companies know this, too, as the next Samsung and Apple flagship phones coming will likely add a wide-angle shooter, too. Below are two sets of images with the first being a routine shot, and the second a wide-angle shot. Notice the night shot, the wide-angle image suffers from overexposure and loss of details.
I am not the best person to review the selfie camera as I dislike taking selfies and my less-than-perfect skin doesn’t want to breathe shot in super tall resolution. But in general, I can declare the selfie camera is on point, with a powerful software bokeh mode that can simulate edge detection well (which makes me prodigy why phones bother with a dedicated depth sensor anymore) and has a shorter focal length for a wider domain of vision. You can zoom very nigh to your face—in the sample below, I can haul nigh enough to observe my pores and blemishes. This is a camera that should breathe benign enough to yield printable, full-sized headshots.
Overall, the V15 Pro’s camera is very impressive, especially factoring in the phone’s expense point. Its night shots and no OIS (optical image stabilization) when shooting videos hold it from truly beating the top flagship phones, but it’s far closer than the $400 to $500 suggests.
Software, performance, battery: decent, good, excellent, respectively
I maintain written in the past about my dislike of Vivo’s Android skin, named FunTouch, but version 9 that runs here on the device has been improved to a point that I don’t dislike it anymore. It’s soundless nowhere near my favorite software (OxygenOS, which ironically is developed by Vivo’s sister company OnePlus). Overall, software aesthetics has been improved with unique animations and more modernized, Google-like app icon aesthetics. There is now a search option within settings (previous Vivo devices didn’t tender this and it annoyed me to no end), and there are useful software feature additions such as a pop-up chat bubble for entire major chat apps. For example, when I’m watching a movie on Netflix and a WeChat message comes through, a small pop-up bubble displays in the corner, and I can either can it or tap on it and open a split-screen response box while the movie continues to play, mostly uninterrupted. On something like an iPhone, I must leave the NetFlix app to respond to the message. It’s a small handle on Vivo’s part, but it improves user experience.
Overall performance is smooth, too, despite the relatively low 6GB of RAM on my demo unit. The Snapdragon 675 chipset is comparable to the 710, and handles daily tasks fine. Battery performance is excellent and can easily ultimate entire day even under hefty use—which is a line I should just copy and paste into Chinese phone reviews at this point. I don’t know why South Korean and Japanese Android phone brands haven’t caught on to Chinese brands’ optimization, because battery performance on Vivo, Huawei, Xiaomi, and Oppo phones far outperform any LG, Sony or Samsung handsets I’ve tested.
Conclusion: Chinese brands continue to chip away at big dogs
Official pricing hasn't been announced yet for the V15 Pro at time of this writing, but I am inevitable it will breathe in the $450 to $550 range, and at this price, it’s offering a lot for the dollar. The veneration View 20 and OnePlus 6T is probably soundless a better value overall because they maintain a more premium build and chipset, but the V15 Pro has a totally uninterrupted panoply and the best selfie camera of the three. Vivo is selling this phone mostly in the Southeast Asia market, and it should breathe a hit.
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