Samsung Electronics is on a roll thanks to the huge popularity of its latest smartphone. The Galaxy S4 has sold 10m units within a month of its release, making it Samsung’s fastest-selling smartphone ever – the Galaxy S4 reached the 10m mark in half the time taken by its predecessor. Continue reading »
Apple may be souring the market with its unimpressive forecasts, but not all the suppliers who rely on the US tech group for orders are suffering.
Shares in Largan Precision, a Taiwanese lens maker, gained 7 per cent on Friday after it reported stronger than anticipated earnings for the last quarter and, against expectations, forecast more growth ahead. Its secret? Growth of other brands has been strong enough to offset Apple. That’s a change from the days when Apple was component companies’ key driver of growth. Continue reading »
After the apologies, the mea culpas and the admissions of getting it wrong, Apple can claim to be doing something right at last in China – as far as the company’s latest results show.
The tech giant may have lost the confidence of some investors, with shares falling from the giddy heights of just over $700 to around $406 – a reduction in market cap of over $290bn. Commentators have asked questions of the product line, even the position of chief executive Tim Cook.
But Apple in China is doing very nicely, thank you. It’s the only region to register an increase in revenues from the last quarter. Continue reading »
In China, saying sorry is a big deal. So it made national news on Tuesday when Tim Cook, chief executive of Apple, issued a public apology to Chinese consumers for any “concerns or misunderstandings” they might have had due to poor communication over Apple’s warranty policies.
After a coordinated attack on Apple from state media and regulators during the past two weeks, it seems the US tech company had little choice but a public show of contrition. After all, China is the world’s largest smartphone market, and accounted for 16 per cent of Apple’s sales in 2012. Continue reading »
Apple has posted a letter to its Chinese customers on it’s China website, bowing to pressure from state media over customer service. Here is a rough translation: Continue reading »
HTC, the Taiwanese smartphone maker, has been fighting to turn around its plunging sales by learning lessons from Apple. First: spend on branding, which Apple does well and HTC does not. Second: don’t ship scratched phones, which Apple did when it first launched its iPhone 5.
To the dismay of investors and consumers, the launch of HTC’s newest smartphone has been delayed. The reason has been the difficulty producing the phone’s camera and metal back — compounded, says its marketing chief, by a desire to avoid Apple’s error and waste his newly-enlarged ad budget by annoying buyers with scuffed gadgets. Continue reading »
Taiwan smartphone maker HTC has, again, reported a sharp drop in monthly sales.
The year on year fall of 44 per cent in its February sales is unsurprising — executives last month warned revenues would slip this quarter — but the trouble at HTC is also part of a broader upheaval in the mobile market as even market leader Apple and its rivals now grapple with how to deal with what consumers want, and how much they’re willing to pay. Continue reading »
India may be the world’s second largest mobile phone market by users but so far it hasn’t been a major focus for Apple. In the absence of the iPhone, Samsung and BlackBerry have led the way in the country.
More recently, however, that has begun to change. Just as BlackBerry launches its first smartphone in India under the BlackBerry 10 operating system, Apple is joining the fray with a big push in the developing market. Continue reading »
Apple’s loss of the right to use its iPhone trademark in Brazil might look unjust.
After all, everyone knows the iPhone is one of the US giant’s most cherished products. But there is much more to the dispute than meets the eye. Continue reading »
Who invented the airplane? Many argue it was actually Alberto Santos-Dumont, a pioneer aviator from the Brazilian state of Minas Gerais.
Now it is claimed that Brazil also invented the iPhone before the US. Continue reading »
Relations between Samsung and Apple reached a low point last year as they squared off in intellectual property disputes on four continents.
But this week gave the rivals something to bond over: each company reported strong growth in smartphone sales, only to watch investors rush for the exit. Continue reading »
When Apple’s share price gets slammed 10 per cent, its suppliers should all suffer too, shouldn’t they?
Well, not quite. On Thursday, Apple’s disappointing results led to some falls in its suppliers’ share prices. But none was hit as hard as Apple, and some even rose. Continue reading »
You can slice, dice and knock the numbers however you like. But come on guys, let’s be honest here. Apple hasn’t done too shabbily in China. First-quarter revenue came in at $6.8bn, a 26 per cent increase quarter-on-quarter and a 67 per cent increase year-on-year. Continue reading »
All mobile phonemakers know just how important China is to their fortunes. With around a billion mobile phone customers, and many poised to upgrade to smartphones, the industry is at a crucial point.
So Apple followers and investors should be cheered by the company’s announcement on Monday that it sold over 2m units of its new iPhone 5 in China, just three days after the December 14 launch. Game over? Not quite. Continue reading »
Who needs whom the most? Of the many battles being waged between Apple and Samsung, that over the supply relationship is perhaps the most intriguing. Apple is trying to move away from the South Korean company for its component sourcing. But Samsung appears ready to apply pressure, too.
The Chosun Ilbo, South Korea’s most-read daily, reported this week that that Samsung had raised the price of application processors sold to Apple by 20 per cent, while removing an executive in charge of a key Apple-related business. Continue reading »