China will overtake the US as the world's largest mobile phone market this year for the first-time ever, according to research out on Wednesday.
Market research firm Strategy Analytics forecast that mobile phone sales in China would reach a record USD87 billion in 2014, beating sales of USD60 billion in the US.
Chinese mobile phone revenues are seen surging 53 percent this year, compared to only 4 percent growth in the US.
The overall India PC market continued to decline in the first quarter of 2014, largely due to poor end-user demand, according to the the latest report from research firm IDC.
India PC shipments for Q1 stood at 2.03 million units, representing a year-on-year drop of -25.2 percent over Q1 2013.
Sony will bring its PlayStation consoles to China through two joint ventures, its Chinese partner said Monday, as the Japanese gaming giant seeks to tap a newly opened market.
China-based vendor Lenovo shipped 55 million notebooks and desktops, 50 million smartphones and 9.2 million tablets in fiscal 2013 (April 2013-March 2014), according to the company. Lenovo recorded consolidated revenues of USD38.707 billion, gross margin of 13.08 percent, net operating profit of USD1.052 billion and net profit of USD817 million for the fiscal year.
With interesting designs, superior pricing and an innovative marketing strategy, China-based smartphone vendor Xiaomi was able to become the top local brand in China in the first quarter of 2014, according to the recently published Digitimes Research China Smartphone Market and Industry Tracker report.
Australia's second largest telco, Optus, has lifted full year profit by 14.6 percent to AUD835 million (USD783.1m).
Revenue declined by 5 percent and free cash flow by more than 15 percent. The result reflected strong cost management and yield improvement, Optus said.
Optus chief Paul O'Sullivan said the strong full year earnings performance demonstrated that the company was taking necessary steps to transform and restructure the business.
Xiaomi may be little known outside China, but the fast growing smartphone maker is at the forefront of a new wave of Asian brands challenging the dominance of Apple and Samsung with high-spec, low-price phones.
In the three months to March, Xiaomi surpassed Apple and other established Asian players such as Huawei and Sony to become the third largest smartphone brand in China by market share, research firm Counterpoint Technology said.
Samsung holds the top spot at 18 percent, followed by homegrown Lenovo with 12 percent.
Taiwanese phone maker HTC said its new flagship smartphone, the One M8, was selling quicker than its predecessor, and that the strong showing would help it claw back market share in developed markets such as the United States.
To view the full article (note: you must be an scmp.com subscriber), visit scmp.com. (From seven days after publication, this article will appear in Archive Search http://www.scmp.com/archive.)
Amazon.com has launched a new Wearable Technology store where customers can discover the latest in wearable technology and research wearable devices, including activity trackers, smart watches, and wearable cameras and more.
BlackBerry has started accepting pre-orders for the new Z3 smartphohne in Indonesia leading telecommunications operators in Indosat and XL ahead of its official release on 13 May.
The company expects the device to sell at IDR2,199 (USD). An unlimited edition model, the BlackBerry Z3, Jakarta Edition, will be made available for a limited period. This model will feature the inscription “Jakarta” on the back of the device to commemorate the launch of the first BlackBerry smartphone built specifically for the Indonesia market.