Lenovo has opened an exclusive store for its customers in India's small and medium business segment.
Christened "Think", this is the seventh such store for Lenovo in the country and the first in the South. After this, the company would open Think branded stores across the South.
The technology retail market is undergoing a structural shift. A preliminary report released by Gartner showed that worldwide PC shipments totaled 90.3 million units in the fourth quarter of 2012, a 4.9 percent decline from the same period last year. Analysts said the PC industry’s problems point to something beyond a weak economy.
Taiwan's leading smartphone maker HTC opened its first store in Myanmar on Monday, seeking a foothold in one of Asia's last remaining untapped markets. The move comes as global corporate giants from Coca-Cola to General Electric line up to enter the impoverished but resource-rich nation, which is emerging from decades of military rule and international isolation.
Home electronics maker Sampo reportedly reached TWD10.63 billion (USD367.46 million) in revenues during 2012, up 22 percent on year, while Tatung's revenues dropped 16.2 percent on year to TWD32.18 billion (USD1.1 billion).
Taiwanese mobile phone maker HTC has reported a slump in profits as it continues to suffer at the hands of rivals Apple and Samsung.
Unaudited net profit in the fourth quarter was TWD1 billion (USD34 million), down more than 90 percent on the TWD11b the firm made a year ago and below analysts' expectations. Revenue was TWD60b.
The firm suffered from launching no big products in the period, analysts said.
Global demand for consumer electronics fell last year as economies in the developed world struggled, but it is expected to grow again this year to more than USD1 trillion.
A recent survey by the Consumer Electronics Association and GFK released as part of a speech at the Consumer Electronics Show here on Sunday said most markets experienced overall drops in technology spending.
Lenovo Group aims to challenge Samsung Electronics Co. Ltd. to become the number one smartphone vendor in the Chinese market this year, according to the company's CEO. Lenovo was China's second largest smartphone vendor by shipment in the third quarter last year, behind only Samsung, while Apple Inc. fell two places to sixth in the same period, according to reports from the International Data Corporation.
Sales of smartphones priced below TWD15,000 (USD517.1) will gain momentum in the Taiwan market in 2013 as mobile operators will push sales of low-priced models to accelerate the industry's shift to the 3G technologies, according to sources at retail channels.
To stir up replacement demand for smartphones from feature phones, telecom carriers are expected to offer more subsidies to encourage subscribers to buy models ranging from NTD4,990-6,990 (USD172.03-USD240.9, the sources indicated.
Barnes & Noble Inc. said revenue at its consumer stores fell 10.9 percent during the nine-week holiday selling season ended 29 December, a sign the retailer is falling behind in the crucial tablet battle with Amazon.com Inc., Apple Inc. and Google Inc.
While the revenue drop reflected in part a slight decline in the number of stores open, as well as lower online sales, it included an 8.2% drop in sales at stores open at least one year.
Japan's mobile device market, which include PCs, smartphones, tablets, mobile cards, and personal routers, grew 25.6 percent in the third quarter of 2012, shipping 13.56 million units compared with the 10.8 million units shipped during the same period last year.
According to the IDC Japan Quarterly Mobile Device Tracker, shipments in 4Q are expected to reach 14.95 million units, representing healthy growth of 20.9 percent year over year, led by strong demand for both smartphones and media tablets.