Facebook Lite makes its way to iOS

Facebook Lite has been available for Android since 2015, though for a long time it was only accessible from developing markets. This year it finally reached the US, the UK, and other developed markets, and now it’s ready to make the jump to iOS as well.

The app is currently only installable if you have an iOS device and are located in Turkey. So the slow rollout seems to be mirroring what happened on Android – developing markets first (and even those being added one by one), developed markets possibly at some later point.

Thus, if you are in the US and are tired of the big bloated mess that Facebook’s normal app for iOS has become, you’re out of luck for now. But perhaps in the future the Lite alternative will be readily available across the globe.

Facebook Lite is much smaller in size than its non-Lite counterpart (just 5MB on iOS), and it also uses less power and significantly less data. That last aspect is generally much more important in developing markets where unlimited (or even cheap) data plans aren’t as prevalent, hence the rollout starting in such countries does make a bit of sense.

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Mint Money tells you when it makes sense to take an education loan, how it can benefit you and how much it can cost

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy

Any big-ticket spending requires you to either have the required funds in place or a financing option. When dealing with long-term financial goals, such as higher education of children, you have the advantage of planning much in advance. Here’s how you can go about the planning.

Start early

A lot of parents have an inclination to send their children abroad for higher education, at least at the post-graduate level, said Suresh Sadagopan, a certified financial planner and founder of Ladder 7 Financial Advisories. “In that case, the planning needs to start really early. They would need a horizon of at least 10-15 years. When we talk of international education at post-graduate level today, most likely it is not going to happen below ₹40 lakh,” he said.

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How do you work towards saving that amount? Prakash Praharaj, founder, Max Secure Financial Planners, said that the future cost of a particular course needs to be calculated taking into account at least 10% annual inflation. “Then calculate the current assets and investments accumulated for these goals. Then the remaining gap for the aimed amount is to be filled through monthly SIPs over the years,” he said.

Starting an SIP of ₹5,000-7,000 in an equity fund for 15 years and increasing it by 10-20% each year could help. However, Sadagopan said, given the fact that there are so many ongoing expenses these days, including other loans, it becomes difficult for parents to put aside a huge amount for the child’s post-graduation alone.

Consider taking loan

Even if you have been working on creating a higher education corpus, you need to consider taking an education loan. At present, the total expenses for higher education abroad could be in the range of ₹1 crore per child, Sadagopan said.

“A realistic thing that parents need to realise is that the child’s higher education is not their only goal. Retirement is also an important goal and they need to be aware of the fact that you can get a loan for all other requirements but not for retirement,” he said.

Own funds versus loan

But if someone has already accumulated the required amount, why should another repayment burden be taken on? The answer lies in two things, Praharaj said. “A cost benefit analysis suggests that taking an education loan and keeping the accumulated amount invested works in your favour. Moreover, it also helps in developing a sense of responsibility in the student. The realisation that a repayment has to be done by them keeps them focussed,” he said.

The math of keeping your accumulated savings invested and taking an education loan instead suggests that taking a loan results in significant benefits. For instance, if ₹1 crore is kept invested and an education loan for the same amount is taken, at the end of nine years, including the repayment holiday on the education loan, the net benefit could be around ₹87 lakh (see graph).

This includes the tax saved on repayment of loan. Borrowers of education loans can claim deduction on the interest paid, though not on the principal amount. Also, unlike in home loans, there is no limit to the amount that can be claimed as deduction.

Sadagopan said it is better that the parents keep the money with themselves and let the child take the loan. “In future if the child is struggling to find a job and pay back, you can step in to help at that point,” he said.

[“Source-livemint”]

Moto Makes a Strong Comeback in the US, Enters Top 5: Counterpoint

Moto Makes a Strong Comeback in the US, Enters Top 5: Counterpoint

Lenovo brand Moto made a significant comeback in the US in the third quarter this year, almost doubling its volumes and market share annually and was the fastest growing brand, Counterpoint Research said on Saturday.

The US smartphone shipments remained flat during the third quarter. Moto, ZTE, and LG registered strong gains and Verizon remained the largest smartphone sales channel, revealed Counterpoint’s Market Monitor programme.

“Motorola jumped back into the top five rankings after a long time. Motorola’s focus on affordable devices for prepaid/unlocked market and breaking out from Verizon’s shadows helped drive growth during the quarter,” said Research Analyst Archana Srinivasan.

Motorola also benefited in terms of visibility with presence across all four of the major carriers with its Moto Z2 Force Edition in premium segment.

“The Moto E series was actually the key volume driver for Motorola during the quarter across prepaid and open channels,” Srinivasan added.

Verizon had a good quarter and remained the biggest channel for smartphone sales, followed by T-Mobile, AT&T, and Sprint.

“LG had a strong quarter recording highest ever volume for the third quarter closing on Samsung volumes, especially at T-Mobile & Sprint,” said Research Director Neil Shah.

Apple iPhone 7 was the most popular smartphone in the US. The Moto E4 and LG Stylo 3 were also solid performers. LG grew its share to 17.6 percent.

ZTE grew its smartphone volumes 34 percent (year-on-year).

[“Source-gadgets.ndtv”]

LG Signature range makes your kitchen feel inadequate – UK launch imminent

image: http://static.trustedreviews.com/94/00003ceaa/bff7_orh370w630/lg-signature.jpg

LG Signature

Brits will soon be able to buy some of the most insanely fancy home appliances ever. The LG has confirmed it is bringing its Signature range to the UK, and the products will be on sale in February 2017.

‘Signature’ is the badge that LG gives its products with the most advanced technology and best design. There’s only one Signature product per category – think of this range as the Avengers of home appliances.

The Signature Washing Machine has not one but two drums. There’s standard front load and a separate pedestal mini washer, which lets you wash different loads on different settings at the same time. It has a glass door with touch controls embedded and angled at 17 degrees – so you can see it without stooping down. It also sports an enamel coating to repel fingerprints or corrosion, and uses a push-to-open door in case you have your hands full. Full of cash, that is – the Signature Washing Machine will set you back £2,599.99

image: http://static.trustedreviews.com/94/00003ceab/1931_orh616w616/lg-signature-1.jpg

LG SignatureNext up is the Signature Refrigerator. Its party trick is the InstaView Door-in-Door, which goes from reflective to transparent when tapped. It’s an energy-saving thing – you can check the contents without letting the cold air out. There’s also an Auto Door Open feature, which does just that when you run your foot past a sensor, again in case your hands are full of money – the Signature Refrigerator costs £6000.

Last but not least is the Signature OLED TV. This has been available in the UK for the last year, and it’s stunning – read LG 65OLEDG6 review.

Related: Best Kitchen Gadgets 2017

Watch: TV Buying Guide

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What do you think of LG’s new Signature fare? Let us know in the comments.

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