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.
ZTE Corp aims to expand sales in markets in the Asia-Pacific, especially in Japan, to meet its global target of selling 60 million smartphones in 2015, China's biggest listed telecommunications equipment maker said last week.
The global sales figure for this year marks a 25 percent rise from last year. In the Asia-Pacific, it plans to sell 10 million units mainly by growing in the Japanese market.
Chinese audio and infotainment company Harman International opened its flagship store on 23 April at the TCL Tower in High-tech Industrial Park of Shenzhen. Its sister store, the TCL O2O flagship store was also set up the same day. TCL Corporation's Chairman Li Dongsheng and Harman International's Chairman Dinesh Paliwal attended the ceremony together, representing the start of a comprehensive partnership between the two corporations.
The mobile phone market, especially the smartphone market in Vietnam, will continue to witness the discounting of products as manufacturers race to introduce new products and retailers race to gain market share.
Before the two latest smart phones were brought out by South Korea's Samsung Corporation-the Galaxy S6 and Galaxy S6 Edge – which was available for sale in Vietnam beginning April 11, FPT Shop retail system had adjusted prices for many products by decreasing their price by between VND1.1 million (USD50.6) and VND2.7 million (USD124.2).
XL Axiata, Indonesia's second largest telecommunications provider by subscribers, is working with Chinese smartphone producer Xiaomi in bundling smartphone Redmi 2 to XL subscribers, as part of its effort to attract 10 million more customers in using the smartphone on the company's networks by the end of 2015.
"We are executing bundling [in cooperation] with Xiaomi, because we recognize Xiaomi's customers, which are quite large in Indonesia," said XL Axiata head of device channel Deny Galant in Jakarta last week.
Chinese smartphone maker Xiaomi plans another flash sales campaign – a sale for a limited period of time – for Redmi 2, its newest entry-level smartphone, in Indonesia to capitalize on big demand for its handset after selling its entire inventory in a similar promotion on Wednesday.
Redmi will set the flash sale on 16 April at 11 a.m. through online retailer Lazada, the retailer said on Thursday. The company, however, would not disclose the number of smartphone units to be sold during a flash sale, said Xiaomi's local public relation agency Praxis.
Chinese smartphone maker Xiaomi Inc has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world's third-largest smartphone market.
Xiaomi launched its India operations with online marketplace Flipkart.com in July, selling its phones through flash sales where availability is limited to short timeframes.
Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
Under the program, consumers will be able to exchange older iPhones at Apple stores in China for credit against the company's products starting 31 March, Bloomberg reported.
Chinese demand for larger-screen iPhones helped fuel Apple's record profit of USD18 billion in the final quarter last year.
Chinese smartphone maker Xiaomi Inc. said that it will open a facility in Taiwan in the next few months to showcase its products and provide better after-care service. Xiaomi, whose low-cost, feature-rich phones are sold largely online, previously planned to set up a store in Taiwan by the end of 2014, but the timetable was postponed because the company needed more time to find an appropriate location, said Bin Lin, Xiaomi's co-founder and president.
Fake Apple Watches – or at least watches that appear similar to the new devices and are suspiciously affordable – have gone on sale across China, as consumers jump the gun before the genuine items are available next month.
On ecommerce websites such as Alibaba's Taobao, the watches appear nearly identical to Apple's product, right down to the distinctive digital crown controller on the side of the device and four sensors on the underside.