Technology and gadget maker Samsung is going to open in Cebu its fifth destination or concept store in the Philippines in the third quarter of this year to satisfy the craving of high-tech consumers.
The Cebu Samsung Destination store that will be situated in a 35-square metre area of the new wing of Ayala Center Cebu will be managed by Junrex Cellphones and Accessories Inc. and will open around October this year.
Viewing that its brand awareness for smartphones is not as global as for PCs, Acer will focus its marketing on Europe and Southeast Asia in 2013.
Although China's smartphone market has a lot business opportunities, because Acer is mainly developing mid-range and entry-level smartphones and China is currently undergoing fierce price competition, the company will try to find a better time to enter the market, according to Acer smartphone business president Liu Sitai.
China unseated the US last year as the top market for personal computers due to demand in rural areas where people opt for desktop machines, according to market tracker IHS iSuppli.
Suning Commerce Group, China's biggest appliance retailer, said on Saturday its net profit dropped by 48.2 percent to CNY492.8 million (USD80m), or USD79m, in the first three month of 2013 from a year earlier as it moved to integrate its traditional business and e-commerce businesses and expand its offerings.
Suning's sales in the first three months of the year totalled CNY27.2 billion, an increase of 20 percent from last year. It predicted net profit in the first six months of the year would fall as much as 60 percent from a year earlier.
Apple's MacBook shipments in the second quarter are expected to grow 10 percent sequentially as the company has almost finished digesting its excess inventory and should start placing new orders in mid-May, according to sources from the upstream supply chain.
Samsung has posted a record quarterly profit as surging sales of Galaxy handsets helped Asia's biggest technology company overcome sluggish demand for its televisions.
Apple Inc.'s sales in Greater China, which includes Hong Kong and Taiwan rose 11 percent to USD8.8 billion in the second quarter ended on 30 March 2013 from a year earlier, the company said on Tuesday. Greater China was the only region in which Apple in its most recent quarter recorded sales growth from the previous quarter.
But the late-December introduction of the iPhone 5 in China and Lunar New Year gift giving should have pushed sales higher still, analysts said.
Asustek Computer has recently partnered with China Unicom to sell its new Padfone Infinity in China and the company will also host a launch conference later this month (April) to promote the smartphone, according to sources familiar to the plans.
China-based Huawei Device on April 23 unveiled its 6.1-inch flagship smartphone, the Ascend Mate, for contract-bundled sale by Far EasTone Telecommunications (FET) in the Taiwan market beginning early May. Ascend Mate is equipped with a 1.5GHz quad-core processor developed by China-based HiSilicon Technologies, a 6.1-inch HD IPS touch screen and a 13-megapixel rear camera.
China's Huawei Technologies plans to expand its presence in the smartphone industry, intensifying competition in a market dominated by "superheroes" Apple and Samsung.
Huawei emerged as the third largest smartphone vendor in the world in terms of shipment, behind Samsung and Apple, in the fourth quarter last year, according to industry-tracker International Data Corporation. China, Western Europe and Japan are target markets for Huawei devices, yet the company's home country remains its most intense focus.