Xiaomi is now the number three smartphone vendor in the world, next to Samsung (no. 1) and Apple (no. 2), research firm IDC reported recently.
The research firm said the company's focus on China and adjacent markets resulted in triple-digit year-over-year growth. Key to its success was the launch of its Mi4 smartphone in August, which was positioned as a high-end alternative to the status quo.
HTC expects its revenues to grow 2.6-12.2 percent sequentially to TWD$43-47 billion (USD1.41-USD1.54 billion) in the fourth quarter of 2014.
Harvey Norman's sales have grown in the three months to September, driving a 24 percent rise in pre-tax profit.
The retailer's sales totalled AUD1.41 billion in the first quarter of the financial year, up 3.2 percent on the same period a year ago.
Like-for-like sales, which exclude the impact of new stores and closures, were up 3.4 percent from a year ago.
Japanese e-commerce giant Rakuten Inc said it will offer a cut-rate smartphone service for about a third of the monthly fees charged by the country's three dominant operators, adding to increasing price competition in the sector.
Japan's smartphone services for light users are particularly expensive compared with other developed markets, prompting Rakuten and other firms such as retail giant Aeon and Internet Initiative Japan to offer new services by pairing with or becoming mobile virtual network operators (MVNOs).
Chinese smartphone maker Xiaomi Inc. said its international expansion plans are dictated by choosing markets where its low-cost business model will work well and not by avoiding areas of potential intellectual-property-litigation risk sweeping across the smartphone industry.
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It has been a slow start to the financial year for consumer electronics retailer JB Hi-Fi with sales down on a year ago.
New chief executive Richard Murray said comparable sales to 26 October were down 2.1 percent between July and 26 October.
Mr Murray said the retailer expected to meet its previous guidance of AUD3.6 billion (USD3.19b) in total sales this financial year. Based on the forecast, JB Hi-Fi expects sales to rise 3.4 percent in 2014/15 compared to 5.3 percent last year.
Celebrating its 20th anniversary, the Power Mac Center, an Apple Premium Reseller in the Philippines, launched its most awaited loyalty program 1 Infinite Card.
Designed to offer many benefits to consumers, 1 Infinite Card allows customers to earn points every time they purchase any product. Accumulated points can be used to purchase products and services at any Power Mac Center branch.
Just in time for the world-renowned Maskara festival in Bacolod City, ASUS Philippines has launched its fifth concept store featuring all ASUS products from desktops, notebooks, all-in-ones to mobile and tablets.
ASUS Country Manager George Su graced the opening ceremonies, ribbon-cutting and showcase of products at the second floor of SM Cyberzone.
The new version of the ASUS Transformer Book T100 Multi-Color is the key highlight of the store and also the Zenfones and Fonepad 7.
Majority of companies plan to increase their budget for festive spending and corporate gifting both for clients and employees by about 10-15 percent this Diwali, according to a just concluded survey conducted by The Associated Chambers of Commerce and Industry of India.
The survey found that most firms have plans to substitute traditional gift options with Diwali exclusive pre-paid cards, which seems to be emerging as the most preferred gifting solution for corporate sector.
Gome said profit in the first nine months this year rose 70 percent with its multi-channel strategy beginning to revive sales and performance.
The Hong Kong-listed home appliance retailer's comparable store sales in the first three quarters are expected to rise about 6 percent, according to an initial earnings report, Gome said in a statement.