SEOUL, Jan.7 (Korea Bizwire) – A special sales event for a Xiaomi smartphone hosted by an online shopping site was canceled soon after its launch. Complaints from angry consumers quickly filled up internet message boards, which only proved that the cancelation of the event showed the growing influence of Chinese smartphones. With an unsatisfying explanation [...]
SEOUL, Aug. 18 (Korea Bizwire) – Korean smartphone makers floundering between Apple and Xiaomi need to reinforce their premium phone line ups rather than pushing low-end phones, a report has recommended. According to a report released by the KT Economic Management Research Institute on August 18, titled “Strategies to Make Premium Smartphones,” Korean smartphone makers like Samsung [...]
SEOUL, Aug. 10 (Korea Bizwire) – Industry watchers are suggesting that Samsung Electronics might find itself stuck between the US and China in the home Internet of Things (IoT) business. A report issued by the KT economic research laboratory predicted that Apple and Google will dominate the platform, and Chinese companies will be a conspicuous entity in [...]
SEOUL, July 29 (Korea Bizwire) – The share of Samsung Electronics dropped to a one digit number, ranking fifth in the Chinese smartphone market. The Chinese brands Xiaomi and Huawei ranked first and second, with Apple coming in next. According to the Chinese branch of IHS Technology, a market research institution, the market share of Samsung Electronics decreased to 9 [...]
Seoul, July 22 (Korea Bizwire) – Xiaomi (小米), a Chinese electronics company, is growing into a giant in the Korean market despite its humble name, which means ‘millet‘. With positive evaluations that their products perform well despite cheap prices, Xiaomi is dominating the online market as well as offline retailers such as HiMart. In addition, due [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics managed to maintain its presence in the global smartphone market in the second quarter, but its archrival Apple suffered a setback in the face of growing demand for low- to mid-end devices, data showed Wednesday. Samsung took up 26.8 percent of the [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics Co., was relegated to No. 3 in smartphone market share in China in the fourth quarter of 2014, outperformed by U.S. rival Apple Inc., and is being threatened by its Chinese peers who are catching up fast, market data showed Monday. Samsung [...]
SEOUL, Jan. 29 (Korea Bizwire) — Samsung Electronics Co. set out to reclaim its edge in the handset business that on Thursday revealed its weakest annual earnings in three years for the world’s top smartphone maker, as competition is expected to get fiercer with global rivals in both the high- and low-end markets. The tech [...]
BEIJING, Jan. 28 (Korea Bizwire) – Samsung Electronics Co., once China’s No. 1 smartphone vendor, sold fewer smartphones in China for the fourth quarter of last year than Apple Inc. and local brand Xiaomi Inc., continuing to lose ground in the battle for the world’s largest smartphone market, a market tracker said Wednesday. “The incredible [...]
SEOUL, Aug. 7 (Korea Bizwire) – Samsung Electronics is losing its power seller status in the lower-end smartphone market in China pushed back by local smartphone providers led by Xiaomi. According to Business Week on August 5, Xiaomi ranked first in the smartphone market in China beating Samsung by quoting a report of market research firm Canalys. [...]