Consumer Electronics

Vietnam's consumer electronics market to boom

Source: 
Viet Nam News

Vietnam's consumer electronics market is set for a strong period of growth with many new stores opening amid a revival after a downturn, industry insiders forecast.

One consumer electronics company in the north, Tran Anh, has opened seven new outlets. PICO and Mediamart have also expanded by opening new stores in Hanoi and northern provinces in January.

Xiaomi phones on sale in the US…with a catch

Source: 
CNBC

China's biggest smartphone maker – were briefly on sale in the US this week, but with a couple of big catches.

Carrier US Mobile – which uses T-Mobile's network – imported a number of Xiaomi handsets but they sold out in a flash.

Apple "to invest" in China to tap bullish prospects

Source: 
Shanghai Daily

Apple Inc will continue "to invest" in China to tap 4G technology and a growing middle-class market although its Chinese sales grew slowly in the latest fiscal quarter.

Revenue of Apple China rose 14 percent year on year to USD18.4 billion in Apple’s first fiscal quarter ended on December 26, below Apple China's nearly 100 percent growth in the previous quarter.

Slowing smartphone sales hit Samsung profits

Source: 
BBC News

Samsung Electronics has been hit by falling sales for its smartphones and semiconductors.

The "difficult business environment and slowing IT demand" sent net profit for the fourth quarter to December down by 40 percent to KRW3.2 trillion (USD2.7 billion). Revenue for 2015 fell KRW5.6tn won to 200.6tn won (USD165.5bn) compared with the previous 12 months.

The South Korean giant warned it would be difficult to maintain profits this year at the same level as 2015.

Apple begins to see signs of "softness" in China

Source: 
CNBC

Apple began to see "some signs of economic softness" in its Greater China region earlier this month, according to CEO Tim Cook.

Despite boasting the company's "best results ever" in the region (which also includes Taiwan and Hong Kong), Cook acknowledged "the turbulent environment." The signs of softness, he said, have most notably been seen in the Hong Kong area.

Dick Smith seeks Asian buyers as offer deadline nears

Source: 
The Sydney Morning Herald Online

Receivers of collapsed consumer electronics retailer Dick Smith are hoping to attract interest from cashed-up Asian buyers in an attempt to maximise returns to creditors owed AUD400 million (USD278.6m).

Ferrier Hodgson has advertised the sale of Dick Smith in Asian newspapers, including the Asian Wall Street Journal, in a bid to lure major consumer electronics retailers such as Gome, Suning and Yamada and electronics suppliers seeking to establish a retail footprint in Australia.

Concession closures show David Jones is happy to lose Dick Smith

Source: 
The Sydney Morning Herald Online

The closure of the Dick Smith concessions in David Jones may signal the end of audio visual retailing at the upmarket department store chain.

The receivers of Dick Smith Holdings, Ferrier Hodgson shut down the 27 concessions in David Jones stores on Friday amid speculation over whether the department store's South African owner Woolworths Holdings will redeploy the concession real estate in its stores.

Chinese brands take 40pc of global phone sales

Source: 
Shanghai Daily

Chinese brands accounted for 40 percent of global smartphone sales in 2015 and took seven spots in the top-10 list of vendors, a research firm said on Monday.

The global smartphone sales reached 1.29 billion units last year, up 10.3 percent year on year, according to TrendForce, a Taiwan-based research company.

Chinese brands sold 539 million units, or 40 percent of the total sales, in 2015. The figure is expected to hit 45 percent this year.

Xiaomi's sales miss 2015 goal

Source: 
Shanghai Daily

Smartphone maker Xiaomi Inc said on Friday that it shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China’s most valuable tech startup in a cut-throat market.

Xiaomi had estimated total annual sales of 80-100 million units, but then in July reported semi-annual sales that for the first time were lower than the previous six months, with analysts saying its main domestic market was rapidly becoming saturated.

Dick Smith creditors look for answers – and money

Source: 
The Sydney Morning Herald Online

Technology distributor Synnex Australia is believed to be among the ranks of creditors who will attend the Dick Smith Holdings creditor meeting on Thursday looking for answers over debts totalling more than AUD200 million.

The creditors list is not expected to include many of the high-profile electronics brands, such as Apple and Samsung, which demanded cash-on-delivery terms from Dick Smith. But the distributors of second-tier labels as well as the unbranded products Dick Smith sold under its own name weren't as lucky.

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