SINGAPORE: Even as smartphone shipments fell 6.3 per cent Year-on-Year (YoY), the biggest ever drop in a single quarter, Samsung shipped over 15 million smartphones to lead the European market in the first quarter of 2018.
According to Singapore-based market research firm Canalys, high price of Samsung Galaxy S9 as well as its earlier launch than Galaxy S8 prompted a drastic rise in its Average Selling Price (ASP) over the previous year and helped Samsung boost its shipment value by over 20 per cent.
"The few remaining growth markets are not enough to offset the saturated ones. We are moving from a growth era to a cyclical era. This presents a brand new challenge to the incumbents and we expect several smaller brands to leave the market in the coming years," Ben Stanton, Analyst at Canalys, said in a statement.
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Government Aims to More Than Double Mobile Phone Production in 2 Years
NEW DELHI: The government aims to more than double production of mobile phones in the country in the next two years, Law and IT Minister Ravi Shankar Prasad said on Monday.
"The more digital India will expand, the more you will gain...when our government came to power there were only two mobile phone factories, now there are 120 factories in India which make mobiles.
"22 crore mobiles have been made and we have target to make 50 crore mobile phones in coming two years," Prasad said.
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Xiaomi Files Documents for IPO in HK
Chinese smartphone giant Xiaomi has filed documents for an IPO on the Hong Kong stock exchange that could see the company raise at least $10 billion in the biggest public offer since 2014.
The IPO is expected to value the company at between $80 billion and $100 billion, according to data and analysis company GlobalData. This would make it the largest IPO since Alibaba's $25 billion public listing in 2014.
GlobalData consumer technology analyst Avi Greengart said the listing would give Xiaomi the infusion of capital it will need to pursue an expansion to the West. more>>
Indian Millennials Craving for Speed, Performance in Smartphones
NEW DELHI: Millennials in India look for speed and performance and are keen on investing in premium smartphones such as OnePlus, Samsung and Apple, a report said on Monday.
According to CyberMedia Research's (CMR) report, 90 per cent millennials and other professionals consider speed and performance as their top priority while making their next smartphone purchase.
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Exhibition
ANGA COM 2018 The ANGA COM is an Exhibition and Congress for in Broadband, Cable & Satellite which has been Europe’s leading business platform for broadband operators and content providers for more than 10 years. On June will take place a new edition and in order to learn more about this event focused in network operators, vendors and content providers from across Europe.more>>
MWC 2018 Widely considered the mobile industry’s “must-attend” annual event, the GSMA Mobile World Congress attracts executives from the world’s most influential mobile operators, device makers, infrastructure providers, software companies, internet companies and organisations across a wide range of vertical industry sectors, as well as government delegations from across the globe. Mobile World Congress includes an industry-leading conference with C-level speakers from around the world; an exhibition showcasing innovative mobile technologies, products and services; a government and ministerial programme; partner events and programmes; free seminars and many other activities. more>>
Vendor/Device
Apple Supplier Foxconn Posts 14.5 Percent Drop in First-quarter Net Profit, Lags Forecasts
TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker and supplier to Apple, posted a 14.5 percent fall in first-quarter net profit on Monday, lagging estimates despite a strong quarter for the U.S. iPhone maker.
Net profit for the first three months of 2018 for the company known formally as Hon Hai Precision Industry Co reached T$24.08 billion ($809 million), it said in a filing to the Taiwan stock exchange.
China Smartphone Sales Fall Sharply in Q1
Chinese smartphone shipments suffered a steep decline in the first quarter, according to estimates from two separate research firms.
Canalys estimates that shipments had their biggest ever decline during the quarter, falling more than 21% year-on-year to 91 million units – the lowest sales since the fourth quarter of 2013.
5G Devices to Save Smartphone Makers
Global demand for smartphones will continue to be slow until 2022 when 2.02 billion phones are forecasts to be sold, CCS Insight predicts.
The telecom industry is banking on 5G devices to reignite sales, but momentum will only begin from 2021. CCS Insight expects over 600 million 5G-enabled mobile phones will be sold in 2022.
Oppo’s New Facility with 50 mn Production Capacity to Become Operational in 2019
NEW DELHI: Chinese device maker Oppo having capacity of manufacturing 15 million products in a year in India, will be setting up a new facility in Greater Noida which would be able to produce 50 million devices in a year, the company said.
Enterprises
Hengtong Optic-electric and Abredale Cables Help with Smart Energy’s Innovation and Development On May 17, 2018, Hengtong Optic-electric and Aberdare Cables successfully attended the 18th African Utility Week with products and solutions such as smart grid, marine engineering, EPC package, and etc., promoting the development in such fields as "smart energy", "new energy generation" and "transmission and distribution system".
ZTT Set up New Overseas Plant in Indonesia Currently, PT ZTT Cable Indonesia (hereinafter referred to as ZTT Indonesia) held a grand commencement ceremony in Indonesian Suryacipta Park. Currently, PT ZTT Cable Indonesia (hereinafter referred to as ZTT Indonesia) held a grand commencement ceremony in Indonesian Suryacipta Park.
YOI Held a Grand Opening Ceremony On the morning of February 28, 2018, PT Yangtze Optics Indonesia (hereinafter referred to as ‘YOI’) held a grand opening ceremony in Karawang, Jawa Barat, Indonesia. It is the third overseas joint venture cable manufacturing industry of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC for short, Stock Code: 6869.HK), and was established jointly by YOFC and PT FOTI from Indonesia on January 4, 2017. YOI officially started the plant construction in June 2017 and took less than 8 months for its official production, keeping the record of same-year signed the agreement, same-year constructed and same-year produced.