Multiple challenges slowed India's smartphone market, as vendors saw a meager 1% growth in shipments. Xiaomi reclaimed its leadership in the market after six quarters.
Apple is set to unveil iOS 18, its latest mobile operating system, which promises a slew of significant updates. Among these, the most notable is the expansion of satellite communication services from emergency-only to a regular feature. This shift means that approximately 375 million iPhone users globally will soon be able to use satellite messaging even in non-emergency situations.
Mobile phone manufacturers are concerned about the increasing competition among chip vendors for advanced process capacity, despite the more optimistic demand forecasts.
Demand for smartphones and other consumer electronics is on the rise, prompting device assemblers such as Hon Hai Precision Industry (Foxconn) and Luxshare Precision Industry to prepare for a recovery period.
Following the Acer-Indkal Technologies partnership in the smartphone market, Acer CEO Jason Chen clarified that Acer is not re-entering the smartphone market.
Acer made a bold move by partnering with India-based Indkal Technologies to re-enter the smartphone market. Acer's strategic focus is on harnessing India's potential rather than solely concentrating on the highly competitive smartphone market.
The worldwide smartphone market experienced a 12% increase in shipments during the second quarter of 2024, reaching a total of 288 million devices, according to Canalys. This marks the third consecutive quarter of year-on-year growth.
Chinese smartphone vendor Transsion quietly emerged as China's second-largest supplier by global handset shipments, just behind Xiaomi, in the first quarter of 2024.
Oppo has launched its new AI smartphone series, aimed at the entry-level and midrange categories, to become the industry leader in inexpensive AI smartphones.
Qualcomm has filed a lawsuit against Transsion, an emerging China-based smartphone giant, in India, alleging unauthorized use of Qualcomm's patented technologies. This legal action highlights the intensifying competition among leading mobile application processor (AP) providers and underscores Transsion's successful strategy in emerging markets.
Huawei Technologies has completed the construction of its largest research and development (R&D) center, the Huawei Lianqiu Lake R&D Center, in Shanghai's Qingpu District.
India has become one of the most promising markets to sustain Apple's growth. The company, facing stiff competition in China, has reportedly seen its sales in India surge by 33% year-on-year over the past fiscal year.
Anticipating a wave of smartphone replacements and growing demand for automotive applications, Taiwan-based backend houses are optimistic about the CMOS image sensor (CIS) sector in the second half of 2024, according to industry sources.
Bengaluru-based Indkal Technologies has entered into a brand licensing agreement with Taiwan-based Acer to produce and sell Acer smartphones in India. As per the agreement, Indkal will handle the design, manufacturing, and distribution of Acer-branded smartphones, with the launch expected in the coming months. This collaboration marks Acer's entry into the highly competitive Indian smartphone market.
Amid the wave of Industry 4.0, Xiaomi announced the operation of its fully automated smart factory in Beijing. It aims to be one of the lighthouse factories, with implications for its relationships with contract manufacturers and its balance sheet.
Transsion, the dominant player in mobile phone markets across many emerging economies, is facing legal challenges from several Western companies, most notably Qualcomm, a company that rarely resorts to litigation.
A recent investigation by the Competition Commission of India (CCI) has found that Apple Inc. misused its market power when setting billing policies for app developers on its iOS platform, according to a report by Reuters on July 12.
As AI continues to advance, the appetite for related hardware products remains insatiable. Recently, alongside AI servers and AI PCs, the market has been abuzz with discussions about the upcoming wave of "AI smartphones" expected from major manufacturers in the latter half of the year.
Xiaomi's India business faced a significant setback in the 2023 fiscal year, with both revenue and net profit experiencing steep declines. The company is now pinning its hopes on a newly unveiled 10-year plan to recapture its former market dominance in the region.
On July 10, Samsung Electronics unveiled its new generation of foldable smartphones. Samsung announced the Galaxy Z Fold 6 and Flip 6 series, along with new products such as the Galaxy Watch Ultra, Galaxy Watch7, and the true wireless Bluetooth earphones Galaxy Buds3 Pro and Galaxy Buds3. Following the announcement, Samsung partnered with telecom and distribution partners to outline pre-sale and sales plans for these products on July 11.
Samsung's Galaxy Z Fold6 and Galaxy Z Flip6 models, which were unveiled at the Galaxy Unpacked Event 2024 in Paris on July 10, are the result of the integration of two significant industry trends: foldables and GenAI.
Both major SoC players, Qualcomm and MediaTek, have maintained an optimistic outlook since the beginning of the year. Apple, which initially projected lower sales for 2024, has sparked significant user interest following the unveiling of Apple Intelligence at WWDC. This has led Apple to revise its earlier estimates, adopt a more positive stance, and place additional chip orders.
