Trendy China tech group Xiaomi is branching out from smartphones into China’s increasingly competitive market for smart TVs.
The private company, which said its latest round of fundraising valued it at $10bn, launched the $489 TV at a jam-packed and much-hyped launch event in Beijing Thursday afternoon. Read more
Acer, the Taiwanese computer company, has struggled for a while to sell enough computers to stay profitable, but investors still found room for disappointment in its most recent results.
Shares were down nearly 4 per cent in Taipei today after management spoke with analysts and the media to explain its second quarter operating loss of NT$613m and its 19 per cent year on year fall in revenue to NT$89.4bn. Read more
Alibaba, China’s ambitious internet conglomerate, has spread its reach from e-commerce to finance, and now to internet television. Read more
Smartphone-maker HTC spent relatively little time at its launch event today bragging about the technical specs of its new flagship phone, the HTC One.
Instead, the Taiwanese company focused in on the phone’s redesigned user interface and new offerings — including a homescreen with live
content feeds, a camera app that automatically creates montages of a user’s pictures and video clips, and stereo speakers sounding halfway decent — that company designers say reflect how they see people using their phones to consume, create and share increasing quantities of content. Read more
When Apple filed suit against HTC for patent violations in 2010, it was the first time the California-based company had turned its legal arsenal on an Android phone-maker.
Two years, and many more lawsuits later, Apple and HTC’s decision to settle those disputes is likewise the first time that Apple has agreed a settlement with an Android-based rival. Read more
Asus sales rise to $3.8bn
Asustek’s latest results confirm that the Taiwan-based company has some reason to feel as optimistic as it does. Its tablet sales, both of the Nexus 7 and its other convertible tabs, are already doing well, and, looking forward, reviewers and analysts have been relative positive on the new Windows 8 devices it launched this week.
A few weeks ago, its competitor Acer reported an 11 per cent fall in revenue, and global PC shipments are down more than 8 per cent this quarter. For the third-quarter, however, Taiwan-based Asus said its sales were up 9.2 per cent year-on-year to NT$111bn ($3.8bn), slightly more than analysts had been expecting. Read more