Malaysian consumers just cannot get enough of smartphones; buying more of them each year to bring annual sales volume to yet another peak in 2014 at 8.5 million.
GfK retail sales tracking showed consumers buying around USD2.66 billion worth of the popular gadget between January and December last year. Total consumer spend, however, was down by 4 percent against 2013 due to the falling prices of smartphones in the country.
Vietnamese electronics retailer Tran Anh Digital World JSC said it will close its electronics supermarkets in Vincom's Times City and Royal City on February 24.
The closure was announced after Vingroup, the owner of the two retail and entertainment complexes, said it plans to occupy the rented space.
Tran Anh Digital made the announcement regarding the closures on February 12, saying it is committed to ensuring warranty and other services for customers purchasing products at the two supermarkets.
Xiaomi, the rising Chinese smartphone maker, is taking its first small step into the US market.
The company announced plans to open the Mi.com website in the US and other unspecified markets over the next few months. The site will not sell the company's popular smartphones or tablets but will carry other products, such as health bands, power chargers, and headphones.
The recent closure of a number of Topcare stores following a series of big-name shutdowns, was evidence of the fierce competition in the electronics retail market in Vietnam.
Before Topcare, the electronics market witnessed the withdrawal of Wonder Buy in 2011, Best Caring in 2012, HomeOne in 2013, and Viet Long in 2014.
New customers spending more on data have boosted revenue for Optus, but the telco continues to be outpaced by Telstra.
Australia's second largest telco achieved a 6 percent rise in revenue in the three months to December, as it added 100,000 mobile customers to 8.25 million.
Data revenue rose 12 percent, as more customers moved to the company's 4G network and new handsets, including the iPhone 6, were released.
Indian budget smartphone maker Micromax leapfrogged South Korea's Samsung Electronics Co Ltd to become the leading supplier in India's booming smartphone market for the first time in the fourth quarter, research firm Canalys said.
In a report issued on Tuesday, Canalys said Micromax, based near New Delhi, accounted for 22 percent of smartphone sales in India in the October-December quarter, ahead of Samsung's 20 percent. In total, 21.6 million smartphones were sold in India in the period, a 90 percent surge from a year earlier.
Smartphone shipments to Indonesia will grow 20 percent during 2015 and will give a boost to the country's ecommerce industry, according to a new forecast from research firm IDC. Some 24.8 million smartphones were shipped in 2014.
Shares in JB Hi-Fi have risen more than 3 percent after the Australian consumer electronics retailer reported a 1.9 percent fall in first-half net profit to AUD88.5 million (USD68.8m) and confirmed flat earnings for the full year.
Chief executive Richard Murray reaffirmed guidance for full-year sales of AUD3.6 billion after the retailer posted stronger sales growth in the December quarter and a surge in sales in January.
China was a knockout success for Apple in the fourth quarter where demand for its latest iPhones propelled a 70 percent on-year rise in revenue, and analysts are now tipping the first quarter to be even better.
Gift-buying in the lead up to Chinese New Year holiday, which falls on 19-20 February, will likely drive iPhone sales even higher this quarter, say analysts. The first quarter is typically the strongest for smartphone sales in the mainland due to the holiday season.
Apple Inc.became the top smartphone vendor by units in the Chinese market for the first time in the fourth quarter, even as the average iPhone price is double the average price of the market, US-based research firm Canalys said Wednesday.