Tag: smartphone

Exclusive: Huawei in talks to sell parts of its Honor smartphone business – sources

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

FILE PHOTO: Huawei’s new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. REUTERS/Peter Nicholls/File Photo

Embattled Huawei is resetting its priorities due to U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere

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Exclusive: Huawei in Talks to Divest Parts of Honor Smartphone Business, Sources Say | Investing News

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main distributor for Honor

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Global 5G Smartphone Sales Will Hit 250 Million in 2020

BOSTON–(BUSINESS WIRE)–Oct 8, 2020–

According to the latest research from Strategy Analytics global 5G smartphone sales will surge 1,300 percent to a record 250 million units in 2020. Apple iPhone, Huawei, and Samsung are driving the 5G smartphone market higher this year.

Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, said, “We forecast global 5G smartphone sales to soar 1,300 percent from 18 million units in 2019 to a record 250 million in 2020. The 5G category is the main engine of smartphone growth today and for the next decade.”

Ken Hyers, Director at Strategy Analytics, added, “A quarter-billion 5G smartphones will be sold worldwide in 2020. China and United States are the two largest 5G countries. Apple iPhone, Huawei, and Samsung are the top-three brands that together will capture two-thirds of all 5G smartphone sales globally this year.”

Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, added “The 5G category

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Sony Led the Growing Smartphone Image Sensor Market in H1 2020

Press release content from Business Wire. The AP news staff was not involved in its creation.

BOSTON–(BUSINESS WIRE)–Oct 7, 2020–

The global smartphone Image sensor market reached a total revenue of $6.3 billion in H1 2020, according to the Strategy Analytics Handset Component Technologies service report, “ Smartphone Image Sensor Market Share Q2 2020: Revenue down by 6 percent as Sony dominates the market.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005124/en/

Fig 1. Smartphone Image Sensor PR H1 2020 (Graphic: Business Wire)

According to this research report, the total smartphone image sensor market witnessed a 15 percent year-over-year revenue growth in H1 2020. Sony captured the first position in the smartphone image sensor market with 44 percent revenue share followed bySamsung System LSIandOmniVision Technologiesin the first half of the year. The top-three vendors capturedalmost 85 percent

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Online Smartphone Sales Sustain Growth in UK, Germany, Spain

SAN DIEGO & BUENOS AIRES & LONDON & NEW DELHI & HONG KONG & BEIJING & TAIPEI & SEOUL–(BUSINESS WIRE)–Oct 5, 2020–

Just as in other parts of the world, European countries have been hit hard by COVID-19 when it comes to smartphone sales. Our latest Consumer Lens surveys reveal that many consumers here have opted for reduction in budget for the next smartphone and extension of ownership period before the next purchase. In a silver lining of sorts, a higher than normal growth has been witnessed in online smartphone purchases.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005403/en/

Reasons for Choosing a Purchase Source (Graphic: Counterpoint Consumer Lens)

In this article, we cover three big markets in Europe — United Kingdom, Germany and Spain — to understand consumer preferences for the modes of next purchase, based on the Consumer Lens surveys.

Offline vs Online

With

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Three top Apple suppliers to commit $900 mln to India smartphone incentive plan – sources

By Sankalp Phartiyal

NEW DELHI, Sept 28 (Reuters)Three of Apple Inc’s AAPL.O top contract manufacturers plan to invest a total of almost $900 million in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.

Foxconn 2317.TW, Wistron 3231.TW and Pegatron 4938.TW all plan to make investments under the scheme, said the sources, who asked not to be named as the discussions are private.

India’s new $6.65 billion production-linked incentive (PLI) scheme offers companies cash incentives on any increase in sales of locally-made smartphones over the next five years, compared with 2019-20 levels. The scheme aims to help transform India into an export manufacturing hub.

Foxconn has applied to invest about 40 billion rupees ($542 million), while Wistron and Pegatron have committed to invest close to 13 billion rupees and 12 billion rupees, respectively,

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Smartphone Market Rides High on Recent Technological Upgrades: Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Pune, Sep 25, 2020 (GLOBE NEWSWIRE via COMTEX) —
Pune, Sept. 25, 2020 (GLOBE NEWSWIRE) — The global smartphone market is witnessing incremental growth opportunities owing to the rising demand for electronic devices. The above information was shared by Fortune Business Insights in a report, titled “Smartphone Market Size, Share and Global Trend By Operating System (Android, Windows, iOS and Other), By Price (High Range, Medium Range, Low Range), By Ram Size (Below 2GB, 2GB-4GB, Up to 8GB), By Distribution Channel (Online, Offline, Multi-brand, Single Brand) and Geography Forecast till 2025.”The demand for smartphones is increasing at a rapid pace as people look for improved connectivity on the go. Smartphones usage can offer integration with other platforms by allowing installation of apps such as Skype, WhatsApp, Duo among others. These platforms help users to make instant

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Samsung expands online smartphone range in India to woo holiday shoppers

By Sankalp Phartiyal

NEW DELHI (Reuters) – Samsung Electronics Co Ltd is expanding its online-only smartphone range, a senior company executive said on Thursday, as the South Korean tech giant hopes to win over new customers in India’s festive season sales.

Samsung will launch the new India-made Galaxy F range of smartphones at Walmart Inc-controlled online retailer Flipkart on Oct. 8, Asim Warsi, a Senior Vice President and Head of e-commerce Business at Samsung India, told Reuters in an interview on Thursday.

“The series is aimed to address the burgeoning demand among the young online shoppers in India,” Warsi said.

Indian customers make big-ticket purchases of everything from gold to cars and electronics in the holiday season, which typically begins around October and lasts until the end of the year.

“We are building up for a very buoyant and a very strong festive sales period this year and by virtue

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Make payments up to Rs 2,000 per transaction, just wave your smartphone at POS; know how



a sign on the side of a building


© Provided by Zee Business


IDFC FIRST Bank is set to launch SafePay, a digital facility that allows contactless debit card payments by simply waving your smartphone against a Near Field Communication (NFC)-enabled Point of Sale or POS terminal. SafePay will enable contactless payments of up to Rs 2,000 per transaction and up to a limit of Rs 20,000 per day, making everyday purchases easy.

Speaking on the initiative that will make everyday purchase easier for the IDFC First Bank customers, Amit Kumar, Head – Retail Liabilities, IDFC FIRST Bank, said, “In a wireless world, the way people want to pay is changing. So far, convenience has been driving the adoption of digital payments. Now, the pandemic has quickened this pace. We see the tap-to-pay technology as significant in this digital play.”

Kumar added, “SafePay makes the payment experience fast and frictionless. For a cardholder, it does away with the

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