Huawei, the world’s third largest smartphone brand, posted a 40 percent increase in first quarter sales revenue when they reported their earnings on Monday. The company says they expect to maintain their current growth trajectory throughout the year. Huawei recorded $245.5 billion yuan ($37 billion USD) in revenue during the first six months of 2016, claiming they have managed […]
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Will Chinese Consumers Consider Buying The New iPhone 7? We Asked.
Apple’s having a hard time in China this year. For the first time ever, it reported a decline in year-on-year revenue and lost the iPhone patent case. Beijing also imposed strict rules on online publishing and Apple’s online stores for iBooks and movies were closed in April. China is the largest iPhone market in the world by the number of […]
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Huawei Celebrates The New Year By Boosting Sales Expectations
While many Chinese smartphone vendors are looking to 2016 for a reprieve from dwindling smartphone demand, Huawei Technologies Co. is ringing in the New Year with some better news. The company said on Thursday that their 2015 revenue is expected to rise 35.5% over the previous year, significantly higher than a prediction release earlier this year of 20%. The Shenzhen-based […]
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Yet Another Patent War Is On: Huawei Sues Samsung Over Infringements
Huawei Technologies announced on Wednesday that it has filed lawsuits against Korean rival Samsung over alleged patent infringements in the U.S. and China. The dispute mainly relates to Samsung’s alleged unlicensed use of Huawei’s 4G technologies, operating systems, and user interfaces in their smartphones, according to the Chinese smartphone maker. Although the lawsuit was only […]
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Local Rivals Bite Into iPhone’s Market Share In China
Having an Apple device is synonymous with being wealthy and fashionable for many Chinese people. And while the mindset remains, a declining number of customers are willing to pay the price, and local competitors are lining up to offer comparable alternatives at a more affordable price. This is evidenced by the iPhone’s sinking market share in China, a market of huge strategic importance […]
