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When Xiaomi, a popular Chinese smartphone maker, overtook Apple’s market share in China the second quarter, the shift prompted a double take by consumers and investors who had never heard of the small but growing brand.
The ascent was short-lived. Apple’s two new iPhones have proved popular in China, enabling the US company to shoulder past Xiaomi in the market share rankings for the three months ended in September.
But Apple and everyone else are still miles behind the clear market leader — Samsung, which now has a fifth of China’s smartphone market, up from 14 per cent in the third quarter of last year. Read more
No longer content to copy foreign products. China is developing brands to compete with Apple and Samsung. Xiaomi is known as its answer to Apple, and Huawei and ZTE, the equipment companies, have moved into handsets.
According to media reports this week, HTC is developing an operating system for Chinese mobile phone users. The company has now issued a statement – but it makes for a pretty unconvincing denial.
HTC says it is in conversations with the Chinese government and telephone operators. But the troubled Taiwanese company did so, i) without denying the OS exists, and ii) in a way that suggests it isn’t in charge of its own destiny. Read more
The company told beyondbrics in an email that the two Kindle tablets were sold out “almost immediately” and customers are leaving their contact information for the waiting list to be next in line for new stocks.
Shares in Sina Corp, the Nasdaq-listed Chinese online media group, rose nearly 21 per cent during trading on Monday after the company said it had agreed to sell 18 per cent of Weibo, its Twitter-like micro-blogging service, to Alibaba Group for $586m. The two came close to a similar deal five months ago. Now they have tied the knot.
Having now read Tim Cook’s letter of apology to Chinese consumers, I think the Apple chief executive has rather deftly achieved his objective – a public act of contrition – without admitting that his company did anything wrong.