Shares in former Woolworths subsidiary Dick Smith have fallen more than 8 percent after the company pulled back on generous discounts on Apple products and missed out on the Federal Government's small business stimulus spending, leading to weaker than expected same-store sales growth in 2015.
Dick Smith delivered its third consecutive year of sales and earnings growth under new management, reporting a 3.1 percent increase in underlying net profit to AUD43.4 million (USD31.8m) in 2015 as solid growth in Australia offset a slump in New Zealand amid patchy consumer demand.
Thailand's branded-smartphone market has slowed to single-digit growth for the first time in four years due to unfavourable economic conditions and a saturated market, says Thai Samsung Electronics Co.
House-brand handsets have also eaten into branded smartphones' market share.
Samsung Electronics unveiled on Thursday a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone, marking a fresh bid by the South Korean tech giant to revive momentum in its handset business.
Samsung is the world's top smartphone maker but its market share fell in the second quarter when its critically acclaimed S6 models launched, squeezed by Apple's iPhones and price-competitive offerings from Chinese rivals such as Huawei Technologies.
China's Lenovo Group will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third, raising doubts over the personal computer giant’s bet that a money-losing brand it bought for nearly USD3 billion will help it become a global smartphone leader.
Within the next two years, India will have overtaken the USA as the world's second-largest smartphone market.
However, at the moment that growth is still being driven by affordable handsets and consumers finally ditching their feature phones for something with internet access, rather than by the online economy or connected lifestyles.
A 60 percent plunge in HTC Corp.'s stock this year has pushed its market value to below its cash on hand. That means investors are effectively saying the smartphone maker's brand, factories and buildings are worthless.
At TWD47 billion (USD1.47b), HTC's market price is below the TWD47.2 billion cash it had at the end of June. A drop of as much as 9.8 percent in its stock Monday signals investors put no value on the rest of the company.
JB Hi-Fi expects sales growth to accelerate in 2016 as the consumer electronics retailer capitalises on the small business stimulus package and buoyant housing market by adding small appliances to existing stores.
Treasurer Joe Hockey's small business stimulus package helped retailer JB Hi-Fi rack up its strongest like-for-like sales growth in four years, driven by businesses buying computers, printers and mobile phones to take advantage of investment write-offs before the end of the financial year.
After dipping for two quarters, Xiaomi reclaimed its spot as the top smartphone maker in China during the second quarter, beating Apple and Huawei, an analyst firm said on Monday.
Based in Beijing, China, Xiaomi grabbed 15.9 percent of the country's mobile market share, according to research firm Canalys' estimates.
Xiaomi can bask in the glow of victory for now, but it's under immense pressure to maintain its top position in the quarters to come, Jingwen Wang, analyst at Canalys, said in a note Monday.
For four years Samsung Electronics has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple in the premium mobile market.
The coming years are set to be more sombre for the South Korean tech giant, as it is forced to slash prices and accept lower margins at its mobile division in order to see off competition from rivals including China's Huawei Technologies and Xiaomi in the mid-to-low end of the market.
Samsung suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales.
The company's overall earnings drop during the April-June quarter was 8 percent but it reported a much bigger decline of 38 percent in the mobile division's income. The sharp profit drop in the mobile business came despite its ambitious start to the quarter with the launch of two flagship smartphones – the Galaxy S6 and the S6 Edge featuring a curved side display.