Indonesian phone retailers are spreading their wings into the smartphone manufacturing business to take advantage of a new rule on local content requirements for 4G smartphones.
Under the regulation signed recently by the communications and information minister, the trade minister and the industry minister, all 4G smartphone brands sold nationwide should have at least 30 percent local content starting from early 2017.
Chinese telecoms giant Huawei Technologies has won a key Indian government manufacturing approval, paving the way for it to become the first major Chinese brand to make handsets in one of the world’s biggest markets for mobile phones.
The green light from the Ministry of Home Affairs, confirmed by an official on Wednesday, comes 19 months after Huawei first applied for a manufacturing license, amid wrangling over national security concerns. It also marks a significant boost for Prime Minister Narendra Modi's "Make in India" campaign.
Australian appliances retailer The Good Guys is dropping its "pay cash and we'll slash the prices" promise from its catchy television ads, underlining the impact of e-commerce and new payments technology on the AUD20 billion (USD7.39b) household appliances and consumer electronics market.
Samsung Electronics on Tuesday flagged a second-quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.
The earnings forecast came as a South Korean court ruled in Samsung's favour against a US hedge fund's efforts to block the proposed merger of two major affiliates.
The smartphone and memory-chip maker predicted operating profit of around KRW6.9 trillion won (USD6.1 billion) for the April-June period, down more than 4 percent from a year earlier.
Amid much fanfare, including a sneak peak of a new Hugh Jackman movie, Micromax, one of India's top smartphone brands, this month launched what it claimed was the world's slimmest phone. At the event, the company's CEO bit into an apple as he took a dig at the new upstarts in the Indian market, China's smartphone makers.
This latest launch is an attempt by the number two Indian smartphone brand to stem the fall in its market share, which has been under pressure since Xiaomi and other Chinese brands took India by storm with flash online sales last year.
Korean electronics maker Samsung India Electronics on Friday said it has become the biggest chain of single brand stores in India by opening 2,100 stores.
It announced the launch of Samsung Blue Fest, a nine day promotion campaign to celebrate the feat. It will start on June 20.
It is offering a free device care for one year on 7 Smartphone models. The device care will cover protection from physical and fluid damage for a period of one year on select Samsung smartphones purchased between 20th and 28th June.
JB Hi-Fi staff have been run off their feet in the past few weeks as small business operators upgrade computers to take advantage of the AUD20,000 (USD15,000) tax deduction announced in the federal budget. But over the longer term the trend of convergence and 'the internet of things' is set to shake up consumer electronics retailing.
Apple Inc has persuaded developers in China to write apps for the iPhone, helping make that country the largest market for downloads last quarter. The challenge now is getting Chinese users to pay for software.
While downloads of mobile applications in China outpaced those in the US in the recent period, the US still led in revenue, according to App Annie, a website that tracks mobile software. China – now the No. 1 market for iPhones – ranked No. 3 by revenue after Japan.
Singtel-Optus chief executive Allen Lew will focus on keeping costs down by providing more customer services via the internet and run a "hard-nosed" review of its 160 retail stores.
Mr Lew told analysts he wanted to emphasise that managing costs were a very key part of what Optus had to do as the telco ramps up its annual capital expenditure from around AUD1.1 billion (USD882.6 million) to AUD1.77 billion to grow its mobile network in an effort to beat Telstra.
Shares in JB Hi-Fi have lifted after the electronics and appliance retailer reaffirmed its full-year guidance and reported strong sales growth in the March quarter despite continued challenges in New Zealand.
While overall sales of electrical and electronic goods fell by an estimated 3.7 percent in March, according to official figures, JB Hi-Fi has reported "good sales momentum" since the start of 2015.