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.
South Korea's LG Electronics on Tuesday posted a forecast-busting first-quarter profit that more than quadrupled from a year ago as better-than-expected sales of high-end TV offset losses in the mobile phone unit.
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.
Taiwan-based handset manufacturer HTC plans to raise its share of the Indian smartphone market to 15 percent in two years. The company recently announced its foray into the sub-Rs 10,000 smartphone segment with its HTC Desire 210 dual SIM phone for INR8,700 (USD143.6). Faisal Siddiqui, country head, HTC India, said though the launch was global, the entry level smartphone was designed for India.
Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centres with renewable energy to reduce the pollution caused by its devices and online services.
The iPhone and iPad maker is detailing its efforts to cultivate a greener Apple Inc. in an environmental section on the company's website that debuted on Monday. The site highlights the ways that the Cupertino, California, company is increasing its reliance on alternative power sources and sending less electronic junk to landfills.
The Indonesian representatives of Apple Inc, Samsung Electronics and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models.
The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah (USD430), which would make Indonesia the most expensive country in Asia to buy an Apple iPhone 5s.