In the first quarter of 2024, Apple experienced a decline of approximately 10 per cent in smartphone shipments, as revealed by data from research firm IDC. This setback was attributed to heightened competition from Android smartphone manufacturers vying for the top position. While global smartphone shipments increased by 7.8 per cent to reach 289.4 million […]
Xiaomi CEO Lei Jun revealed the company’s highly anticipated electric vehicle, the SU7, with bold aspirations to redefine the segment. The SU7 aims to stand out as the “best looking, easiest to drive and smartest car” in its category, marking Xiaomi’s entry into the competitive electric vehicle market. Priced below 500,000 yuan (USD 69,424), the […]
Major Chinese third-party retailers, JD.com, TMall and Pinduoduo are vying for consumers by giving even steeper discounts on Apple’s iPhone 15 just five months after its introduction, as the US tech company’s sales in China stagnate. The newest round of reductions follows similar hefty discounts provided by internet businesses in October. Third-party shops are also […]
In a surprising turn of events, Huawei Technologies has reclaimed the No. 1 spot in China’s smartphone market during the first two weeks of this year, according to a recent report by research firm Counterpoint. This marks a significant milestone for the Shenzhen-based company, as it’s the first time since facing US sanctions in May […]
Apple’s smartphone shipments in China fell 2.1 per cent in the fourth quarter of 2023 compared to the same time a year ago, hampered by increased rivalry from local rivals headed by Huawei, according to IDC statistics released on Thursday. The reduction highlights the hurdles that the US business has in its third-largest market, as […]
Apple has emerged as the leader in the global smartphone market for the year 2023, marking the first time since 2010 that a company other than Samsung has claimed the top spot. Apple’s performance in the fourth quarter of 2023 played a pivotal role in the reshuffling of the market dynamics. The tech giant’s shipments […]
A recent report from Jefferies analysts revealed a 30 per cent decline in iPhone sales in China during the first week of 2024. The dip highlights escalating competitive pressures from local contenders, including Huawei, posing a formidable challenge for the US company in one of its crucial markets. Jefferies’ analysis indicates that the drop in […]
Apple witnessed a sharp decline of nearly 3.6 per cent on Tuesday, marking a seven-week low, as Barclays downgraded the company’s shares amid concerns of sustained weak demand for its range of devices, from the flagship iPhone to the Mac, throughout 2024. This downgrade from Barclays, the second brokerage to issue the equivalent of a […]
Chinese tech giant Huawei Technologies is reportedly expected to exceed its revenue by USD 98.5 billion for 2023, indicating a 9 per cent YoY revenue growth from last year, according to a media report on Friday. The forecast further suggested Huawei’s rebounding after US sanctions in 2019 that damaged some of its business lines. The […]
The global smart personal audio market experienced a 3 per cent year-on-year (YoY) decline, amounting to 110 million units. Developed regions grappled with challenges, while emerging regions showcased resilient growth, revealing a shifting landscape in the industry. True Wireless Stereo (TWS) devices took a commanding lead, constituting an impressive 73 per cent of total shipments. […]
