ZTE targets top 3 smartphone spot in key markets by 2020

ZTE GLOBAL ANALYST CONFERENCE, SHANGHAI: Chinese equipment and device maker ZTE aims to become a top-three smartphone vendor in key global markets by 2020 and return to the top three in China in three years. The Shenzhen-based company is making …

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Samsung’s Q2 earnings to miss forecasts, but worst may be over

South Korea’s Samsung reported today that its Q2 operating profit is expected to fall 4 per cent to KRW6.9 trillion ($6.13 billion) from a year ago, while revenue looks likely to drop 8.3 per cent to KRW48 trillion. Analysts had …

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Smartphones to account for 80% of handset shipments in Q4

Smartphone shipments are forecast to increase to 435 million units and account for 80 per cent of total global handset shipments in the fourth quarter, according to IC Insights. Just 10 quarters ago, in Q1 2013, smartphones made up slightly …

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Xiaomi’s H1 shipments rise 33%, but full-year target in doubt

Chinese smartphone maker Xiaomi is facing a slowdown in growth as H1 shipments rose just 33 per cent year-on-year, in contrast to 227 per cent full-year growth in 2014. According to a tweet by Hugo Barra, the company’s VP of international …

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India to overtake US as No 2 smartphone market in 2017

India is forecast to overtake the US to become the world’s second largest smartphone market in 2017, with annual shipments jumping from 118 million this year to 174 million units. Strategy Analytics predicts that global shipments of smartphones will increase …

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Asia Briefs: Korean operators to launch interconnected VoLTE, Qualcomm leads $6M investment in MangoPlate & more

Korean operators to launch interconnected VoLTE South Korea’s mobile operators – SK Telecom, KT and LG Uplus – announced they will introduce the world’s first commercial interconnected VoLTE service this month. The service, officially unveiled by Minister Yang Hee Choi …

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Xiaomi hires Qualcomm’s China president

Fast-rising smartphone maker Xiaomi hired Qualcomm’s president of Greater China, Wang Xiang, as senior VP of strategic cooperation. Wang (pictured) spent 13 years with Qualcomm, which is a chip supplier to the smartphone maker and was an early investor. Lei …

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Huawei targets SouthEast Asia for strong smartphone growth this year

Chinese telecoms equipment and device maker Huawei aims to boost smartphone shipments in SouthEast Asia (SEA) by 160 per cent to eight million units this year, with strong growth forecast in rapidly growing Myanmar as well as Thailand. Huawei’s Q1 smartphone …

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Smartphone growth set to slow on China, Android weakness – IDC

Smartphone shipments are forecast to grow 11.3 per cent in 2015, compared with 27.6 per cent in 2014, but despite the slowdown “many markets will experience robust growth in 2015 and beyond”, according to research firm IDC. The company said …

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