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28Nov By Gauri SinghNo Comments

News

Chinese Smartphone Brand Comio is Leaving India

One of the fastest growing Chinese smartphone brands in India known as Comio is reportedly quitting the Indian market. The basic reason behind the exit is that the company isn’t making money and its Chinese promoters aren’t infusing capital. "Chinese team members left India in the first week of November, 2018, abruptly and asked us from China to close the operations immediately. We have been regularly following up with them but not getting any satisfactory reply regarding settling pending issues in India,” TopWise Communications (which owns the Comio brand) India CEO Kalirona said. Also, the CEO stated that the company is trying to take legal and government authorities’ help to ensure “Chinese promoters settle each and everything and honour their commitment in India”. It was in Septem...

HTC is not Quitting the Smartphone Market

24Nov By Gauri SinghNo Comments

Tech

HTC is not Quitting the Smartphone Market

It was recently reported that smartphone maker HTC will be quitting the market soon, however, the company has now refuted all these claims stating that it will continue to strengthen its smartphone business. With this, the company will even launch new devices in the year-end and in early 2019 as well. Along with this, HTC also mentioned that it will push new product lines with the integration of 5G, AI, and blockchain as well. The company will thus keep its smartphone business alive, even though the company isn't seeing the success it would've hoped with its flagship 'U' series. "In addition to continuing optimizing its VR platform and enriching its VR/ AR content, HTC said it will also exert efforts to integrate related technologies including AI, blockchain, and 5G to roll out new ...

Xiaomi Launches its First Official Store in Israel

15Aug By Gauri SinghNo Comments

MIDDLE EAST

Xiaomi Launches its First Official Store in Israel

The ever emerging Chinese smartphone maker Xiaomi announced that it has launched its first official store in Israel. The store was opened in the coastal city of Tel Aviv on Tuesday. The company stated that the newly set up store will be offering more than 100 products, that will comprise of smartphones, laptops, cameras, speakers, routers, headsets, electric scooters, smart kettles, electric toothbrushes, smart robotic vacuum cleaners, smart watches, chargers and selfie sticks among others. Talking about the market share, the company covers about 14 percent market share in Israel which is huge. After Apple and Samsung, the Chinese player stands at the third position in Israel’s smartphone market. At a cost of $ 270,000 (1 million new shekels), the store is situated at the Dizengof...

India Represents 32% of Xiaomi Total Global Revenue

6May By Sheldan RungasamyNo Comments

News

India Represents 32% of Xiaomi Total Global Revenue

Xiaomi, the Chinese electronics and software company, came in the Indian market in July 2014, disrupting the market with affordable, good quality and reliable phones that drove sales instantly in an upward trajectory. India now represents a major market for Xiaomi, evident considering the high volume of funds poured on marketing and advertising to maintain brand recognition and stay relevant in a highly competitive market. The Chinese electronics company recently announced that the sum invested in the Indian market paid off as figures reveal that the Indian market accounted for 32% of the Xiaomi’s total global revenue of $18 Bn in 2017 – via three of its top-five sales channels. The IPO filing of Xiaomi, released in Hong Kong showed that the top-five sales channels based in India ...

These 5 Companies Dominate China’s Smartphone Market, Samsung Is Not Among Them!

7Dec By RishabhNo Comments

CHINA, Tech

These 5 Companies Dominate China’s Smartphone Market, Samsung Is Not Among Them!

Chinese market is the most popular smartphone maker and market in the world. China is now the world’s largest smartphone market and continues surging forward as its economy and people ramp up their consumption of things to match their already vast production. Kantar Worldpanel shows that now China's top five phone vendors own the market accounting for 91 percent of the overall market. The top five brands are; Huawei Xiaomi Apple Vivo Oppo That’s up from 79 percent a year earlier, extending a lead that now sees companies like ZTE, Meizu, and Lenovo struggling to find a foothold in their home country. Global smartphone leader Samsung is now at a 2.2 percent share in China and deteriorating, according to Kantar’s Dominic Sunnebo. Each of these companies have selected...