Erdogan says Turkey will boycott US electronics, lira steadies

ISTANBUL, Aug 14 — President Tayyip Erdogan said today Turkey will boycott electronic products from the United States, retaliating in a dispute with Washington that has helped drive the lira to record lows. The lira has lost more than 40 per cent…

Oil rebounds as supply risks back in focus after Turkey turmoil

SINGAPORE, Aug 14 — Oil rebounded as investor focus returned to near-term supply risks, while broader financial markets steadied after being rattled by Turkey’s deepening economic turmoil. Futures in New York added 0.3 per cent, recouping some…

Samsung to invest billions in new tech to drive fresh growth

SEOUL, Aug 8 — South Korea’s Samsung Group today said it would invest US$22 billion over the next three years in cutting-edge technology including artificial intelligence, self-driving cars and biopharmaceuticals, as it searches for ways to…

Chinese tech ‘wolf’ Huawei stalks Apple and Samsung

SHANGHAI: Ren Zhengfei, the founder of Chinese telecoms behemoth Huawei, likens the company to a ruthless ‘wolf’ tirelessly running down its prey, an ethos that could soon make it the apex predator of the smartphone world. Despite being essentially barred from the critical US market, Huawei surpassed Apple to become the world’s number two smartphone […]

Taiwan’s iPhone chipmaker races to recover after crippling computer virus

TAIPEI, Aug 5 — Taiwan Semiconductor Manufacturing Co, which makes chips for the iPhone and other devices, detailed its progress in recovering from a debilitating computer virus and warned of delayed shipments and reduced revenue because of the…

Huawei declares ambition to be No.1 after dethroning Apple


BEIJING (Aug 3): Huawei Technologies Co, which just edged past Apple Inc to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019. The Chinese giant shipped more than 95 million phones in the first six months, up about 30% from a year earlier. Consumer division chief Richard Yu on Friday said he wants Huawei to be No. 1 in smartphones by the fourth quarter of next year, with a market share of more than 20% — despite acknowledging its virtual absenceRead More

Huawei tops Apple in tightening smartphone market: IDC

CHINA-based Huawei took the second place from Apple in a tightening global smartphone market, during the second quarter of this year, according to figures released Tuesday by International Data Corporation.

South Korean consumer electronics titan Samsung remained the top smartphone maker, shipping 71.5 million handsets, but Huawei moved into second position with shipments of 54.2 million, according to IDC Worldwide Quarterly Mobile Phone Tracker.

Silicon Valley-based Apple shipped 41.3 million iPhones, claiming 12.1% of the global market compared to 20.9% for Samsung and 15.8% for Huawei.

It was the first time since early 2010 that Apple wasn't in one of the top two spots in the smartphone market, according to IDC.

“The continued growth of Huawei is impressive, to say the least, as is its ability to move into markets where, until recently, the brand was largely unknown,” said Ryan Reith, program vice president with IDC's Worldwide Mobile Device Trackers.

The iPhone did well, with the top-of-the-line iPhone X model a big seller in many markets, according to IDC. Apple was expected to wrest back control of the market with the release of new iPhone models in the fall.

Apple, Huawei and Samsung were the main contenders when it came to competition for high-end smartphones priced at US$700 (RM2.8 million) or more, according to Reith.

Preliminary findings by IDC indicated a total of 342 million smartphones were shipped during the second quarter in a 1.8% decline from the same period a year earlier.

The drop marked the third consecutive quarter of year-over-year declines in the global smartphone shipments, according to IDC.

Market saturation and climbing average selling prices were among factors curbing growth in the smartphone market, said Worldwide Quarterly Mobile Phone Tracker research manager Anthony Scarsella.

“Consumers remain willing to pay more for premium offerings in numerous markets and they now expect their device to outlast and outperform previous generations of that device which cost considerably less a few years ago,” Scarsella said. — AFP

IDC: Huawei tops Apple in tightening smartphone market

SEOUL, Aug 1 — China-based Huawei took the second-place spot from Apple in a tightening global smartphone during the second quarter of this year, according to figures released yesterday by International Data Corporation. South Korean consumer…

Apple’s pricey iPhone X, subscriptions deliver earnings beat

NEW YORK, August 1 — Apple Inc sales led by the pricey iPhone X pushed quarterly results far beyond Wall Street targets yesterday, with subscriptions from App Store, Apple Music and iCloud services bolstering business. The world’s most valuable…