Apple Inc plans to introduce a trade-in program for iPhones in China in association with the Foxconn Technology Group, Bloomberg reported, citing people familiar with the effort.
Under the program, consumers will be able to exchange older iPhones at Apple stores in China for credit against the company's products starting 31 March, Bloomberg reported.
Chinese demand for larger-screen iPhones helped fuel Apple's record profit of USD18 billion in the final quarter last year.
Chinese smartphone maker Xiaomi Inc. said that it will open a facility in Taiwan in the next few months to showcase its products and provide better after-care service. Xiaomi, whose low-cost, feature-rich phones are sold largely online, previously planned to set up a store in Taiwan by the end of 2014, but the timetable was postponed because the company needed more time to find an appropriate location, said Bin Lin, Xiaomi's co-founder and president.
Fake Apple Watches – or at least watches that appear similar to the new devices and are suspiciously affordable – have gone on sale across China, as consumers jump the gun before the genuine items are available next month.
On ecommerce websites such as Alibaba's Taobao, the watches appear nearly identical to Apple's product, right down to the distinctive digital crown controller on the side of the device and four sensors on the underside.
A Vingroup official announced the establishment of the firm's new technology and electronics retail brand on Wednesday called VinPro.
A group representative said opening the chain was part of the group's strategy to become a leading retail brand in Vietnam, adding that it will open four VinPro stores in Hanoi and HCM City on 21 March.
Thousand-dollar rice cookers and toilet seats that know when you enter the room.
That's what visitors to Japan from China have been buying at Laox Co., sending the Tokyo-based duty-free store chain to its first profit in 14 years and its shares up 1,400 percent through yesterday from a low in 2012. The stock gained 1.5 percent today to close at the highest since July 2009.
The popularity of the iPhone 6 has driven Apple's market share in China to its highest ever while Samsung has continued to lose ground, a consumer survey showed.
Kantar Worldpanel ComTech said on Thursday that its latest survey of 15,000 people living in Chinese cities showed Apple's market share hit 25.4 percent in the November-January period, up from 20.9 percent a year earlier.
That was a record for Apple in the world's largest smartphone market, but not enough to catch up Chinese maker Xiaomi, which claimed 27.6 percent.
Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.
Apple sold 74.83 million smartphones to end users worldwide, ahead of the 73.03 million phones sold by Samsung, according to Gartner's report.
Huawei unveiled a series of wearable devices including the Huawei Watch, TalkBand B2, and TalkBand N1 for consumers to stay connected, on the eve of Mobile World Congress (MWC) 2015 in Barcelona.
At the global press conference, Huawei Consumer BG also unveiled the next-generation phablet, MediaPad X2, and also announced the brands vision, "Dreams Inspire Creativity."
Mr. Richard Yu, CEO of Huawei Consumer BG, said wearable devices will remain one of the most significant trends in the device industry.
Samsung Electronics will freeze wages in 2015 for employees in South Korea for the first time in six years, after the world's biggest smartphone maker saw profits fall in the face of rising competition.
The cost-cutting move is the latest by Samsung Electronics, which in January reported its first annual profit decline since 2011, as it lost market share to Apple Inc's new iPhones and cheaper Chinese rivals like Xiaomi Inc.
Handset vendor Intex Technologies is planning to set up standalone brand stores to boost its retail presence. Called ‘Intex Smart World’, 400 stores will come up next fiscal (2015-16) at a cost of over Rs. 100 crore (USD16.1 million). Investments will be through internal accruals.