Consumer Electronics

Apple's growth in China: As good as it gets?

Source: 
CNBC

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 becomes top smartphone vendor in China

Source: 
Shanghai Daily

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.

 

Apple’s iPhone is closing in on Samsung smartphone sales

Source: 
The Wall Street Journal Online

Strong sales of Apple Inc.’s new iPhones are pushing the company close to rival Samsung Electronics Co. as the world’s top seller of smartphones.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

Thailand's Central buys 49pc stake in Vietnamese electrical appliance chain

Source: 
Bangkok Post

Central Group, Thailand's biggest retail conglomerate, has announced the purchase of 49 percent of Vietnamese electrical appliance chain Nguyen Kim to hasten its retail expansion in ASEAN.

"After combining the sales of Central's Power Buy and Nguyen Kim, we'll become a strong market leader in the electrical appliance business in Southeast Asia," said Sa-angtip Amornchat, vice-president for marketing at Power Buy Ltd.

China buying more iPhones than US

Source: 
CNBC

Apple is expected to say this week that it has sold more iPhones in China than on its home turf in the US for the first time last year, highlighting the shifting power balance of the smartphone market.

Analysts estimate that the US tech group reached the turning point in iPhone sales after expanding its presence in China last year via a deal with China Mobile, the country's largest network operator, and after the release of the latest iPhone 6 in the country in October.

Apple will open 5 new stores in China before Chinese New Year

Source: 
Red Luxury

Apple is continuing its aggressive retail expansion into the Middle Kingdom, with plans to open 5 new Apple stores in China in the early days of 2015. Prior to Spring Festival, the company has reportedly said it will open 5 new retail shops, including the new store in Zhengzhou that opened earlier this month. The next one on the list will be in Hangzhou, where doors will open at Apple’s new West Lake store on 24 January.

 

Tablet sales slow down

Demand for tablets will continue to be slow in 2015, with sales reaching 233 million units for the year, or only an 8 percent increase from 2014, research firm Gartner said.

Ranjit Atwal, research director at Gartner, said global sales have been growing in double digits prior to 2014.

Xiaomi says it sold 61.1m smartphones in 2014

Source: 
The Wall Street Journal Online

Chinese smartphone maker Xiaomi Corp., which recently became the world’s most valuable technology startup, said its smartphone shipments more than tripled in 2014, beating its expectations.

To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall Street Journal Online.

 

Vietnam's Mobile World targets USD1b revenue in 2015

Source: 
Viet Nam News

Vietnamese mobile phone retail giant The Gioi Di Dong (Mobile World) will introduce hitherto unseen services and products as it strives to reach next year's turnover target of USD1 billion, its chairman Nguyen Duc Tai said on Monday.

The biggest mobile phone retailer in the country also aims at post-tax profits of VND886 billion (USD42 million) the next year, Tai told Viet Nam News.

Chinese phone startup locks in USD1.1b funding round

Source: 
CNBC

Move over Uber. The Chinese smartphone maker Xiaomi has confirmed it has raised a USD1.1 billion round at a pre-money valuation of USD45 billion, reportedly making it the most valuable tech start-up in the world.

Uber has previously been valued at USD40 billion.

Investors in Xiaomi's latest round include All-Star Investment, DST, GIC Hopu Fund, Yunfeng Capital and others.
 

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